Career and Education Opportunities for Loan Counselors in New Mexico
New Mexico has a population of 2,009,671, which has grown by 10.48% in the last 10 years. Nicknamed the "The Land of Enchantment," its capital is Santa Fe, though its biggest city is Albuquerque.
The national trend for loan counselors sees this job pool growing by about 16.3% over the next eight years. Loan counselors generally provide guidance to prospective loan applicants who have problems qualifying for traditional loans.
Income for loan counselors is about $18 per hour or $37,750 per year on average in New Mexico. Nationally, their income is about $18 hourly or $37,470 annually. Earnings for loan counselors are not quite as good as earnings in the general category of Accounting and Auditing in New Mexico and not quite as good as general Accounting and Auditing category earnings nationally. People working as loan counselors can fill a number of jobs, such as: finance manager, farm mortgage agent, and lending services manager.
In 2008, there were a total of 1,117,433 jobs in New Mexico. The average annual income was $33,389 in 2008, up from $32,093 in 2007. The unemployment rate in New Mexico was 7.2% in 2009, which has grown by 2.7% since the previous year. Roughly 23.5% of New Mexico residents have college degrees, which is lower than the national average.
The top industries in New Mexico include casinos (except casino hotels), other nonmetallic mineral mining, and all other miscellaneous ambulatory health care services. Notable tourist attractions include the Albuquerque City Government, the Hispanic Cultural Foundation, and the National Hispanic Cultural Center.
CITIES WITH Loan Counselor OPPORTUNITIES IN New Mexico
JOB DESCRIPTION: Loan Counselor
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 New Mexico 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.
- 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.
- 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.
- Tax Examiner. Determine tax liability or collect taxes from individuals or business firms according to prescribed laws and regulations.
LOCATION INFORMATION: New Mexico
New Mexico has a population of 2,009,671, which has grown by 10.48% over the past decade. Nicknamed the "The Land of Enchantment," its capital is Santa Fe, though its largest city is Albuquerque. In 2008, there were a total of 1,117,433 jobs in New Mexico. The average annual income was $33,389 in 2008, up from $32,093 the preceding year. The unemployment rate in New Mexico was 7.2% in 2009, which has grown by 2.7% since the previous year. About 23.5% of New Mexico residents have college degrees, which is lower than the national average.
The top industries in New Mexico include casinos (except casino hotels), other nonmetallic mineral mining, and all other miscellaneous ambulatory health care services. Notable tourist destinations include the Albuquerque City Government, the Flowers by ZACH, and the Rattlesnake Museum & Gift Shop.