Oregon Labor Market Information System
Occupational Information Center
Occupational Report for Loan Counselors (13-2071) , Oregon Statewide
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 2008 employment is estimated to be at about the regional average. This occupation is expected to grow at at about the regional average rate. Total job openings are projected to be somewhat lower than the regional average.

Limited employment opportunities exist for trained workers.

Data Sources and Limitations
Current Employment Department 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
Business Development Officer 5/13/10 Eugene
Job Openings from the Web for Loan Counselors The following job openings have been automatically extracted from various sites across the Web. These links are provided as supplemental resources. However, the Employment Department cannot validate these openings nor endorse any of these external sites. Some of these jobs may no longer be open. In some cases, a single opening may be posted on multiple sites.

There are 1 current openings for this occupation. Openings 1 through 1 are listed below.

Job Title Date Posted Location Employer
Financial Counselor 8/7/10 Portland Adventist Medical Center
State of Oregon License Information for Loan Counselors
License License Authority Web Site
Loan Originators dfcs.oregon.gov/
Wages for Loan Counselors
Region ---------------- 2010 Wages ----------------
Percentiles (hourly wages) Avg
Hourly
($/hr)
Avg
Annual
10th 25th 50th
(median)
75th 90th
Oregon Statewide $15.91 $17.20 $19.29 $22.35 $24.84 $19.73 $41,031
Multnomah / Washington 16.41 17.59 19.55 22.30 24.58 19.87 41,328
Marion / Polk / Yamhill 16.20 17.33 19.28 22.69 25.53 20.13 41,869
Benton / Lincoln / Linn 14.03 15.50 17.43 19.65 21.95 17.57 36,539
Lane 15.54 19.42 22.04 24.20 25.59 21.28 44,277
Jackson / Josephine 14.96 16.47 18.99 22.22 23.99 19.09 39,713
Crook / Deschutes / Jefferson 14.65 15.42 16.60 17.79 18.50 16.54 34,414
Data Sources and Limitations
Regional Employment Projections for Loan Counselors
Region Employment Change % Change Projected Annual Openings
2008 2018 Growth Replacement Total
Oregon Statewide 461 508 47 10.2% 5 5 10
Multnomah / Washington 283 324 41 14.5% 4 3 7
Marion / Polk / Yamhill 57 64 7 12.3% 1 1 1
Lane 44 46 2 4.5% 0 1 1
Benton / Lincoln / Linn 26 30 4 15.4% 0 0 1
Klamath / Lake 18 19 1 5.6% 0 0 0
Clackamas 15 18 3 20.0% 0 0 1
Jackson / Josephine 14 17 3 21.4% 0 0 1
Crook / Deschutes / Jefferson 11 13 2 18.2% 0 0 0
Coos / Curry 9 9 0 0.0% 0 0 0
Morrow / Umatilla 8 8 0 0.0% 0 0 0
Gilliam / Hood River / Sherman / Wheeler / Wasco 5 6 1 20.0% 0 0 0
Douglas 3 3 0 0.0% 0 0 0
Baker / Union / Wallowa 2 2 0 0.0% 0 0 0
Clatsop / Columbia / Tillamook 2 2 0 0.0% 0 0 0
Grant / Harney / Malheur 1 1 0 0.0% 0 0 0

Replacement openings are caused by existing workers permanently leaving their occupation. Many additional job openings occur due to job changes within occupations.
Data Sources and Limitations
Industries of Employment for Loan Counselors
Industry
Click links to view infoUSA employers
Ownership 2008
Employment
Total, All Industries All 461
Total, All Industries Private 361
Finance and Insurance Private 59
Credit Intermediation and Related Activities Private 57
Depository Credit Intermediation Private 54
Professional, Scientific, and Technical Services Private 28
Other Professional, Scientific, and Technical Services Private 28
Management of Companies and Enterprises Private 50
Educational Services Private 181
Junior Colleges Private 19
Colleges, Universities, and Professional Schools Private 141
Technical and Trade Schools Private 21
Health Care and Social Assistance Private 41
Hospitals Private 35
General Medical and Surgical Hospitals Private 35
Total, All Industries State 32
Educational Services State 32
Colleges, Universities, and Professional Schools State 32
Total, All Industries Local 68
Educational Services Local 68
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 programs related to this occupation. This information is updated once per year. Anyone interested in a particular program should check with the training institution regarding its availability. Listing these training providers does not necessarily constitute or imply their endorsement, recommendation, or favoring by the State of Oregon.

Portland State University
724 SW Harrison
Portland, OR 97201
Phone: (503) 725-4433
Programs of Training:
PRO SCHOOLS
10225 SW Park Way
Portland, OR 97225-5075
Phone: (503) 297-1344
Programs of Training:
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%