OLMIS

Occupational Description

Provide guidance to prospective loan applicants who have problems qualifying for traditional loans. Guidance may include determining the best type of loan and explaining loan requirements or restrictions.

Employment Outlook for Loan Counselors

Statewide Employment Analysis	2006 employment is estimated to be at about the statewide average. This occupation is expected to grow somewhat faster than the statewide average. Total job openings are projected to be at about the statewide average. Reasonable, but limited, employment opportunities exist for trained workers.

Data Sources and Limitations

Current Job Openings for Loan Counselors There are 1 current openings for this occupation. Openings 1 through 1 are listed below.

Job Title	Date Posted	Location	Wage Offered
Mortgage Consultant - Reverse	12/9/09	Bend

State of Oregon License Information for Loan Counselors

License	License Authority Web Site
Loan Originators	dfcs.oregon.gov/

Wages for Loan Counselors

Region	---------------- 2009 Wages ----------------
	Percentiles (hourly wages)					Avg Hourly ($/hr)	Avg Annual
	10th	25th	50th (median)	75th	90th
Oregon Statewide	$14.40	$16.64	$18.81	$21.72	$24.37	$19.00	$39,520
Multnomah / Washington	15.82	17.02	18.95	21.67	24.12	19.22	39,972
Marion / Polk / Yamhill	14.33	16.59	19.04	22.56	25.08	19.44	40,424
Klamath / Lake	10.81	11.64	13.40	17.30	19.60	14.93	31,050

Data Sources and Limitations

Regional Employment Projections for Loan Counselors

Region	Employment		Change	% Change	Projected Annual Openings
	2006	2016			Growth	Replacement	Total
Oregon Statewide	555	672	117	21.1%	12	10	22
Multnomah / Washington	202	229	27	13.4%	3	4	6
Marion / Polk / Yamhill	84	101	17	20.2%	2	2	3
Lane	52	57	5	9.6%	1	1	1
Benton / Lincoln / Linn	27	32	5	18.5%	1	1	1
Jackson / Josephine	19	23	4	21.1%	0	0	1
Clackamas	16	18	2	12.5%	0	0	1
Klamath / Lake	16	16	0	0.0%	0	0	0
Crook / Deschutes / Jefferson	13	16	3	23.1%	0	0	1
Coos / Curry	9	11	2	22.2%	0	0	0
Morrow / Umatilla	8	8	0	0.0%	0	0	0
Douglas	5	4	-1	-20.0%	0	0	0
Clatsop / Columbia / Tillamook	2	2	0	0.0%	0	0	0
Grant / Harney / Malheur	1	3	2	200.0%	0	0	0
Gilliam / Hood River / Sherman / Wheeler / Wasco	1	3	2	200.0%	0	0	0
Baker / Union / Wallowa	0	2	2	NA	0	0	0

Data Sources and Limitations

Industries of Employment for Loan Counselors

Industry Click links to view infoUSA employers	Ownership	2006 Employment
Total, All Industries	All	555
Total, All Industries	Private	462
Finance and Insurance	Private	86
Credit Intermediation and Related Activities	Private	80
Depository Credit Intermediation	Private	76
Professional, Scientific, and Technical Services	Private	136
Other Professional, Scientific, and Technical Services	Private	136
Educational Services	Private	189
Junior Colleges	Private	17
Colleges, Universities, and Professional Schools	Private	162
Technical and Trade Schools	Private	10
Health Care and Social Assistance	Private	45
Hospitals	Private	38
Total, All Industries	State	28
Educational Services	State	28
Colleges, Universities, and Professional Schools	State	28
Total, All Industries	Local	63
Educational Services	Local	63

Educational Requirements for Loan Counselors Workers must have a bachelor's degree to gain the necessary skills for this occupation. However, those with a bachelor's degree and related work experience have a competitive advantage in this labor market.

Skills for Loan Counselors

• Advise Clients
• Analyze Credit Data
• Apply Financial Management Principles And Theories
• Apply Mathematical Principles To Accounting, Bookkeeping Or Budgeting
• Compose Business Correspondence
• Compute And Record Fiscal Data
• Compute Equity
• Conduct Credit Investigations
• Evaluate Degree Of Financial Risk
• Identify Appropriate Software For Activities Or Projects
• Interpret And Apply Contract, Property And Insurance Laws
• Interpret And Explain Governmental And Organizational Rules, Policies And Regulations
• Interview Customers
• Obtain Information From Clients, Customers, Patients Or Others
• Perform General Financial Analysis
• Prepare Loan Forms
• Prepare Reports In Timely Manner
• Process Records And Maintain Forms And Files
• Provide Consulting Services
• Provide Customer Service
• Review Loan Applications
• Use Computers To Enter, Access And Retrieve Data
• Use Correct Grammar, Punctuation And Spelling
• Use Interviewing Techniques

Schools and Training Providers for Loan Counselors The training providers listed below offer one or more of the following programs:

• Banking and Financial Support Services
• Finance and Financial Management Services, Other

Portland State University 724 SW Harrison Portland, OR 97201 Phone: (503) 725-4433 Programs of Training: Finance and Financial Management Services, Other

ProSchools 10225 SW Park Way Portland, OR 97225-5075 Phone: (503) 297-1344 x812 Programs of Training: Banking and Financial Support Services

Career Pathway Roadmaps for Loan Counselors No Career Pathway links were found for this occupation.

Related Occupations The scores listed below indicates how closely the skills for Loan Counselors matches the occupation in the list. A score of 100% means the occupations have identical skill sets. A maximum of 10 occupations are displayed below.

Occupation	Skill Overlap
Loan Officers	81%
Loan Interviewers And Clerks	48%
Credit Analysts	43%
Credit Authorizers, Checkers, And Clerks	40%
Financial Specialists, All Other	39%
Personal Financial Advisors	38%
Securities, Commodities, And Financial Services Sales Agents	34%
Insurance Underwriters	30%
Financial Analysts	27%
Financial Examiners	26%