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How to Become a Loan Officer in Georgia
Education, licensing and job training are among the requirements necessary to become a loan officer in Georgia. A variety of Atlanta-area schools offer certifications both online and in a traditional classroom setting. Loan offers have the option of specializing in a particular field. According to the Occupational Outlook handbook, nine out of 10 loan officers work within a bank or other financial institution.
Get your degree. The basic educational requirement to become a loan officer is a high school degree or GED. A college degree in business or finance is helpful but not required. For advanced positions in commercial and consumer lending, a candidate can benefit from courses that involve legal, financial and business obligations in lending.
Know the rules. To become a loan officer, no special licensing is required in the state of Georgia. However, to become a specialized officer in mortgage or commercial lending, the federal government requires a candidate to complete pre-license education, pass a credit check, pass both state and national tests, and submit to being fingerprinted in Georgia.
Get certified. If you are looking to advance your career as a loan officer in Georgia, adding certifications to a solid knowledge base will boost career opportunities. Choosing a specialization in mortgage, commercial or consumer lending may assist officers in enhancing career growth. Certifications such as a mortgage specialist program for loan originators or loan underwriting training can increase income and career options.
Continue your education as a loan officer. Laws and regulations change continually, and if you have a specialization in which the laws change frequently, such as mortgage lending, you are required to complete up to eight hours a year of additional training. Make sure the training is state or federally approved.
Working as a mortgage lender without the proper certification can result in fines and additional fees.
- Working as a mortgage lender without the proper certification can result in fines and additional fees.
Alyssa Ideboen has been writing professionally since 2005. She has contributed to several print and online publications, including "Lexington Woman" and "Global Business" magazines. Ideboen holds a Bachelor of Arts in business management and communication from Judson University.