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Career and Education Opportunities for Loan Counselors in Texas

Texas has a population of 24,782,302, which has grown by 18.85% over the past 10 years. Nicknamed the "Lone Star State," its capital is Austin, though its largest city is Houston.

There are currently 3,870 jobs for loan counselors in Texas and this is projected to grow by 12% to 4,330 jobs by 2016. This is not quite as good as the nation as a whole, where employment opportunities for loan counselors are expected to grow by about 16.3%. Loan counselors generally provide guidance to prospective loan applicants who have problems qualifying for traditional loans.

The income of a loan counselor is about $15 per hour or $32,710 per year on average in Texas. In the U.S. as a whole, their income is about $18 hourly or $37,470 annually on average. Loan counselors earn less than people working in the category of Accounting and Auditing generally in Texas and less than people in the Accounting and Auditing category nationally. Jobs in this field include: financial aid officer, financial aid administrator, and lending services manager.

In 2008, there were a total of 14,469,900 jobs in Texas. The average annual income was $37,809 in 2008, up from $36,838 in 2007. The unemployment rate in Texas was 7.6% in 2009, which has grown by 2.7% since the previous year. About 23.2% of Texas residents have college degrees, which is lower than the national average.

The top industries in Texas include petroleum products merchant wholesalers, petroleum products merchant wholesalers (except bulk stations), and other basic organic chemical manufacturing. Notable tourist destinations include the APT Galerie d' Art, the Bayou Bend Collection and Gardens, and the Cy Twombly Gallery.

CITIES WITH Loan Counselor OPPORTUNITIES IN Texas


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 Texas 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: Texas

Texas
Texas photo by Flcelloguy

Texas has a population of 24,782,302, which has grown by 18.85% in the last 10 years. Nicknamed the "Lone Star State," its capital is Austin, though its biggest city is Houston. In 2008, there were a total of 14,469,900 jobs in Texas. The average annual income was $37,809 in 2008, up from $36,838 in 2007. The unemployment rate in Texas was 7.6% in 2009, which has grown by 2.7% since the previous year. Approximately 23.2% of Texas residents have college degrees, which is lower than the national average.

The top industries in Texas include petroleum products merchant wholesalers, petroleum products merchant wholesalers (except bulk stations), and other basic organic chemical manufacturing. Notable tourist destinations include the APT Galerie d' Art, the Art Car Museum, and the Byzantine Fresco Chapel Museum.