Updated
PERM occupation, SOC 13-2072, #803 of 1,410 by filings
Loan Officers
- Biggest sponsor
- BARCLAYS CAPITAL INC. · 9% of its filings
- Busiest state
- NY · 55% of its filings
- Major group
- Business and financial · SOC 13
Weighing an offer for this job?
Where it falls among certified offers, and the four wage levels DOL sets for it by area.
Too few cases for a rate
11 decided filings: too few for an approval rate.
Why
Across every PERM case DOL decided in this window, 3.20% were denied. At that rate a file this size comes back clean most of the time whatever the occupation did, so a percentage would be a fact about how few cases there are. Telling a clean record apart from the field takes about 117 decided cases.
Median wage
$125,000
all PERM $103,272
Filings
11
#803 of 1,410
Approval
Not shown
withheld: 11 decided
Median days
374
103 faster than the field
What it pays
Where its median offer sits among every occupation, then the whole ladder of certified offers by year and by state.
Median offered wage
$125,000median of 11 filings, too few decided to rank
Approval rate
not shownunder 30 decided
Median days to decision
374 daysmiddle of 11 decided, too few to rank
Each bar counts occupations at that value. More
Who files it
The sponsors and firms with the most PERM filings under this code, the places the work sits, and who the workers were.
Sponsors filing it
- BARCLAYS CAPITAL INC. 1 filings
- CREDIT AGRICOLE CORPORATE INVESTMENT BANK 1 filings
- EMET LENDING GROUP INC 1 filings
- GreenBox Loans, Inc. 1 filings
- International Mortgage Associates inc 1 filings
- JP MORGAN CHASE CO 1 filings
How this is counted
The employers with the most applications under this code. 6 of 11 filings, 55% of the total.
Firms filing it
- Berry Appleman Leiden LLP 1 filings
- Fragomen, Del Rey, Bernsen, Loewy, LLP 1 filings
- Garganigo Goldsmith Weiss 1 filings
- Gottfried and Gottfried LLP 1 filings
- Immigration Law Offices of Lisa Krueger Khan, P.A. 1 filings
- Kramer Levin Naftalis Frankel LLP 1 filings
How this is counted
The law firms named on the most applications under this code. 6 of 11 filings, 55% of the total.
Where the jobs are
- New York 6
- California 3
- Florida 1
- Texas 1
How this is counted
The worksite state on the application, which is where the job is and not where the company is headquartered. Volume by state across everyone is on the state map. These 4 states cover 11 of 11 filings.
Where the work is
- New York, NY 6
- Los Angeles, CA 2
- Brea, CA 1
- Houston, TX 1
- Orlando, FL 1
How this is counted
The worksite city on the application, which is where the job is. These 5 cities cover 11 of 11 filings.
- Every sponsor that files it, by state, approval rate, offered wage and time to a decision
- Every filing for it, PERM, wage requests and H-1B, case by case
Who filled these jobs, FY2016 to FY2023
From DOL's old form; the form in use since mid-2023 doesn't carry them. Top six of each.
Country of citizenship
- China 37
- South Korea 19
- India 11
- Canada 7
- Taiwan 7
- France 4
Worker's education
- Master's 63
- Bachelor's 54
- None 3
- High School 2
Visa held when filed
- H-1B 77
- F-1 9
- L-1 9
- B-2 6
- J-1 4
- E-2 3
Schools
- STATE UNIVERSITY OF NEW YORK AT BUFFALO 4
- HOFSTRA UNIVERSITY 3
- UNIVERSITY OF HOUSTON 3
- UNIVERSITY OF MIAMI 3
- UNIVERSITY OF SOUTHERN CALIFORNIA 3
- BANGALORE UNIVERSITY 2
Fields of study
- BUSINESS ADMINISTRATION 26
- FINANCE 12
- ECONOMICS 9
- ACCOUNTING 6
- FINANCIAL ENGINEERING 3
- ACCOUNTING, FINANCE AND MARKETING. SEE H.14 2
The job itself
What O*NET says the work is, what the market pays it by BLS's survey, its outlook, and DOL's wage levels year by year.
- United States274,330 jobs
- New York-Newark-Jersey City, NY-NJNew York
- Los Angeles-Long Beach-Anaheim, CALos Angeles, Brea
- Houston-Pasadena-The Woodlands, TXHouston
- Orlando-Kissimmee-Sanford, FLOrlando
- middle half of pay (BLS)
- median
- 10th to 90th percentile
- DOL's Levels I to IV, left to right
- median PERM offer
| Area | BLS median | Level I | Level II | Level III | Level IV |
|---|---|---|---|---|---|
| United States | $76,690 | ||||
| New York-Newark-Jersey City, NY-NJ | $101,570 | $61,402 | $91,146 | $120,890 | $150,634 |
| Los Angeles-Long Beach-Anaheim, CA | $80,360 | $44,824 | $69,555 | $94,307 | $119,038 |
| Houston-Pasadena-The Woodlands, TX | $67,560 | $37,045 | $60,819 | $84,594 | $108,368 |
| Orlando-Kissimmee-Sanford, FL | $67,460 | $38,085 | $58,718 | $79,373 | $100,006 |
How these figures fit together
BLS surveys employers on what they pay everyone in a job; DOL builds its four levels from the same survey a year later (the July 2026 wage year uses BLS's May 2025 estimates). DOL publishes levels by area, not nationally, so the United States line has none. Levels are hourly in DOL's tables; here they're shown a year at 2,080 hours, as DOL computes them. The metros are the ones holding the most of this job's PERM filings, placed by Census's county files.
The block is the middle half of what employers report paying everyone in this job, citizen or not; the ticks under it are DOL's four prevailing wage levels for that metro, the floors a PERM or H-1B offer is held to. More
DOL's levels for this job in New York-Newark-Jersey City, NY-NJ, year by year
Each July DOL resets the four levels from BLS's newest survey. A determination keeps the figures of the year it was issued in.
| Wage year | Level I | Level II | Level III | Level IV |
|---|---|---|---|---|
| 2026-27 | $61,402 | $91,146 | $120,890 | $150,634 |
| 2025-26 | $60,008 | $92,560 | $125,112 | $157,664 |
| 2024-25 | $53,976 | $86,133 | $118,310 | $150,467 |
| 2023-24 | $53,331 | $80,954 | $108,555 | $136,178 |
| 2022-23 | $56,638 | $84,261 | $111,862 | $139,485 |
| 2021-22 | $47,549 | $77,750 | $107,973 | $138,174 |
What the job is
Evaluate, authorize, or recommend approval of commercial, real estate, or credit loans. Advise borrowers on financial status and payment methods. Includes mortgage loan officers and agents, collection analysts, loan servicing officers, loan underwriters, and payday loan officers.
- Preparation
- Considerable Preparation Needed
- O*NET Job Zone 4
- DOL's education basis
- Bachelor's degree
- Wage year 2026-27, on DOL's Appendix A list
- Jobs, 2025 to 2035
- +1.1%
- About 17,100 openings a year (BLS)
- Typical entry
- Bachelor's degree
- Less than 5 years of related work (BLS)
The work, most important first
- Meet with applicants to obtain information for loan applications and to answer questions about the process.
- Analyze applicants' financial status, credit, and property evaluations to determine feasibility of granting loans.
- Approve loans within specified limits, and refer loan applications outside those limits to management for approval.
- Explain to customers the different types of loans and credit options that are available, as well as the terms of those services.
- Submit applications to credit analysts for verification and recommendation.
- Review loan agreements to ensure that they are complete and accurate according to policy.
The education workers in it report
- 6%
High School Diploma or the equivalent (such as a GED)
- 13%
Some College Courses
- 11%
Associate's Degree or other 2-year degree
- 69%
Bachelor's Degree
Titles people use for it
Commercial Loan Officer, Financial Aid Counselor, Loan Counselor, Loan Officer, Commercial Banker, Corporate Banking Officer, Financial Aid Advisor, Financial Aid Officer.
Related jobs: Loan Interviewers and Clerks, Credit Counselors, Credit Analysts, Credit Authorizers, Checkers, and Clerks, Personal Financial Advisors, Securities, Commodities, and Financial Services Sales Agents.
This section includes information from the O*NET 31.0 Database and O*NET OnLine by the U.S. Department of Labor, Employment and Training Administration (USDOL/ETA), used under the CC BY 4.0 license. O*NET® is a trademark of USDOL/ETA. PERM Tracker has modified some of this information (the shares are rounded and only the top tasks are shown); what changed. USDOL/ETA has not approved, endorsed, or tested these modifications.
Against other jobs
Where this sits in the ranking
Ranked 803 of 1,410 by volume: 802 filed at least as many filings, and 607 filed no more.
- Just above
- Postsecondary Teachers, All Other 11 filings
- Just below
- Physicists 11 filings
Other business and financial roles
Occupations sharing this one's SOC major group, which is carried in the first two digits of the code. More
Occupations sharing this one's SOC major group, which is carried in the first two digits of the code. Wages inside a group still swing hard, because the group holds every seniority level and every metro.
- #791 Environmental Compliance Inspectors 11 filings · 1 denied
- #829 Online Merchants 9 filings · none denied
- #834 Appraisers and Assessors of Real Estate 9 filings · none denied
- #762 Business Operations Specialists, All Other 12 filings · 2 denied
- #850 Financial Specialists, All Other 9 filings · 1 denied
- #745 Security Management Specialists 13 filings · none denied
The same job on H-1B
163 certified H-1B labor condition applications for this occupation since FY2020, offering a median of $71,600 a year; the middle half ran $55,000 to $106,980. By state and year in the salary explorer.
Notes on these numbers
Reading the wage
A floor, not a salary survey: every level and metro mixed. DOL's four wage levels for this job, by area.
What the median is
The median wage employers committed to in federal filings for this occupation. It mixes every experience level and every metro, and it's a floor: the employer must offer at least the prevailing wage DOL determines for the occupation, level and county. Across all PERM filings the middle half of offered wages runs $45,178 to $141,357, so a figure inside that band is unremarkable whichever occupation it belongs to. The levels page reads DOL's OFLC wage search live.
What these numbers don't say
4 notes
- The code is the identity
- This one is SOC 13-2072. Two SOC codes can carry the same job title, so a title that looks duplicated on the ranking is two different occupations. Match on the code when you're checking a specific filing.
- A median isn’t an offer
- It's the middle of all 11 wages committed to for this occupation across the country, entry level and principal alike. The same role's medians swing hard by worksite, which the state map shows directly.
- Approval isn’t about the occupation
- The denial rate moves with what happened in the filing rather than with the job title, so nothing here is a property of Loan Officers. The measured factors are on the denial risk page, published as separate rates.
- Nothing here is pending
- All 11 counted here carry a decision date, because every case in DOL's disclosure files does, so a case still waiting is in none of them. The largest filer of this occupation is BARCLAYS CAPITAL INC.. Where the queue stands today is on the processing times page.
The window these figures cover: DOL's PERM disclosure files for fiscal years 2024 to 2026, through the third quarter of 2026, 373,939 decided cases. Nothing pending is counted here. How each figure is built
Weighing an offer?
Compare it against this median, then check the state map, where the same occupation's medians swing hard by worksite.
Setting one?
All 1,410 occupations sort together on the wages page, and denial rates show how outcome moves with the offered wage.
Filings newer than DOL's last published file can't be attributed to this occupation until DOL publishes them. The live list on the case search page carries them by employer.
Case data: DOL quarterly disclosure files (flag.dol.gov) · data through Jun 30, 2026 · quarterly
Employers and firms: Derived from DOL's disclosure files · data through Jun 30, 2026 · rebuilt with each quarterly load
O*NET occupation data: O*NET Database, USDOL/ETA (onetcenter.org) · data through Aug 16, 2026 · twice a year
BLS market pay: BLS Occupational Employment and Wage Statistics (bls.gov) · data through May 31, 2025 · yearly, each spring
BLS employment projections: BLS Employment Projections (bls.gov) · data through Dec 31, 2025 · yearly, each autumn
DOL wage tables: DOL OFLC wage data downloads (flag.dol.gov) · data through Jul 1, 2026 · yearly, each july
What each source includes
Case data: Decided PERM cases only. A case still waiting isn't in here, so counts and durations describe finished cases.
Employers and firms: Employers, law firms and occupations ranked from decided cases only.
O*NET occupation data: What O*NET says each occupation is and takes: its description, tasks, Job Zone and the education workers report. A description of the job everywhere, not of any one employer's opening.
BLS market pay: What employers report paying everyone in each job, nationally, by state and by metro, from BLS's yearly survey (May of the year named). Citizens and immigrants alike; not PERM offers.
BLS employment projections: BLS's ten-year projection of each job's employment and yearly openings, and the entry education it calls typical. A projection, not a count.
DOL wage tables: The four prevailing wage levels DOL publishes for every job in every area, each wage year from 2021-22, as DOL's own tables print them. The floors an offer is held to, not what anyone was paid.
Cite this page
Waiting on a PERM case?
- When it'll likely be decided
- An email when DOL moves it