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Career and Education Opportunities for Loan Counselors in Arizona

Arizona has a population of 6,595,778, which has grown by 28.56% over the past 10 years. Nicknamed the "Grand Canyon State," Arizona's capital and biggest city is Phoenix.

There are currently 910 working loan counselors in Arizona; this should grow by 23% to about 1,130 working loan counselors in the state by 2016. This is better than the national trend for loan counselors, which sees this job pool growing by about 16.3% over the next eight years. In general, loan counselors provide guidance to prospective loan applicants who have problems qualifying for traditional loans.

The income of a loan counselor is about $17 per hour or $37,110 annually on average in Arizona. In the U.S. as a whole, their income is about $18 per hour or $37,470 yearly on average. Compared with people working in the overall category of Accounting and Auditing, people working as loan counselors in Arizona earn less. They earn less than people working in the overall category of Accounting and Auditing nationally. People working as loan counselors can fill a number of jobs, such as: credit counselor, loan consultant, and farm mortgage agent.

In 2008, there were a total of 3,437,191 jobs in Arizona. The average annual income was $34,339 in 2008, down from $34,365 the previous year. The unemployment rate in Arizona was 9.1% in 2009, which has grown by 3.2% since the previous year. About 23.5% of Arizona residents have college degrees, which is lower than the national average.

The top industries in Arizona include consumer lending, truck, utility trailer, and rv rental, and truss manufacturing. Notable tourist destinations include the Art Museum Cafe, the Desert Botanical Gardens, and the Heard Museum.

CITIES WITH Loan Counselor OPPORTUNITIES IN Arizona


JOB DESCRIPTION: Loan Counselor

Loan Counselor video from the State of New Jersey Dept. of Labor and Workforce Development

In general, loan counselors provide guidance to prospective loan applicants who have problems qualifying for traditional loans. They also guidance may include determining the best type of loan and explaining loan requirements or restrictions.

Every day, loan counselors are expected to be able to see details at a very fine level of focus. They need to listen to and understand others in meetings. It is also important that they speak clearly.

Similar jobs with educational opportunities in Arizona include:

  • Accountant. Analyze financial information and prepare financial reports to determine or maintain records of assets, liabilities, profit and loss, tax liability, or other financial activities within an organization.
  • Assessor. Appraise real and personal property to determine its fair value. May assess taxes in accordance with prescribed schedules.
  • Auditor. Examine and analyze accounting records to determine financial status of establishment and prepare financial reports concerning operating procedures.
  • Budget Analyst. Examine budget estimates for completeness, accuracy, and conformance with procedures and regulations. Analyze budgeting and accounting reports for the purpose of maintaining expenditure controls.
  • Credit Analyst. Analyze current credit data and financial statements of individuals or firms to determine the degree of risk involved in extending credit or lending money. Prepare reports with this credit information for use in decision-making.
  • Financial Analyst. Conduct quantitative analyses of information affecting investment programs of public or private institutions.
  • Financial Examiner. Enforce or ensure compliance with laws and regulations governing financial and securities institutions and financial and real estate transactions. May examine, verify correctness of, or establish authenticity of records.
  • Income Tax Advisor. Prepare tax returns for individuals or small businesses but do not have the background or responsibilities of an accredited or certified public accountant.
  • Insurance Underwriter. Review individual applications for insurance to evaluate degree of risk involved and determine acceptance of applications.
  • Loan Officer. Evaluate, authorize, or recommend approval of commercial, real estate, or credit loans. Advise borrowers on financial status and methods of payments. Includes mortgage loan officers and agents, collection analysts, loan servicing officers, and loan underwriters.
  • Personal Financial Planner. Advise clients on financial plans utilizing knowledge of tax and investment strategies, securities, and real estate. Duties include assessing clients' assets, liabilities, and financial objectives to establish investment strategies.
  • Real Estate Appraiser. Appraise real property to determine its value for purchase, sales, or loan purposes.
  • Tax Examiner. Determine tax liability or collect taxes from individuals or business firms according to prescribed laws and regulations.

LOCATION INFORMATION: Arizona

Arizona
Arizona photo by Luca Galuzzi

Arizona has a population of 6,595,778, which has grown by 28.56% over the past 10 years. Nicknamed the "Grand Canyon State," Arizona's capital and biggest city is Phoenix. In 2008, there were a total of 3,437,191 jobs in Arizona. The average annual income was $34,339 in 2008, down from $34,365 in 2007. The unemployment rate in Arizona was 9.1% in 2009, which has grown by 3.2% since the previous year. Approximately 23.5% of Arizona residents have college degrees, which is lower than the national average.

The top industries in Arizona include consumer lending, truck, utility trailer, and rv rental, and truss manufacturing. Notable tourist attractions include the Phoenix Art Museum, the Phoenix Museum of History, and the Heard Museum.