There are currently an estimated 318,600 loan officers in the United States. The loan officer job market is expected to grow by 11.4% between 2016 and 2026.

How employable are loan officers?

CareerExplorer rates loan officers with a B- employability rating, meaning this career should provide good employment opportunities for the foreseeable future. Over the next 10 years, it is expected the US will need 41,800 loan officers. That number is based on 36,300 additional loan officers, and the retirement of 5,500 existing loan officers.

What’s the supply of loan officers?

The loan officer industry is concentrated in California, Texas, Florida

Loan Officer job market by state

State Name Employed Loan Officers
California 39,520
Texas 20,810
Florida 19,900
North Carolina 13,100
New York 12,670
Illinois 12,580
Ohio 12,130
Pennsylvania 10,990
Virginia 9,290
Arizona 8,480
Minnesota 8,130
Missouri 7,590
Wisconsin 7,350
Georgia 7,050
Washington 6,960
New Jersey 6,750
Tennessee 5,890
Massachusetts 5,640
Colorado 5,560
Kentucky 5,070
Indiana 5,010
Maryland 4,860
Iowa 4,450
Utah 4,410
Oklahoma 4,240
Oregon 4,200
Kansas 4,100
South Carolina 3,930
Alabama 3,850
Louisiana 3,800
Nebraska 3,010
Nevada 2,790
Idaho 2,580
Connecticut 2,440
Arkansas 2,400
Mississippi 2,130
Puerto Rico 1,600
South Dakota 1,570
Rhode Island 1,560
Montana 1,370
New Mexico 1,290
North Dakota 1,280
Hawaii 1,260
Maine 1,120
New Hampshire 1,120
Alaska 850
West Virginia 850
Delaware 760
Wyoming 760
Vermont 520
District of Columbia 500
Guam 50