Are mortgage loan officers in demand?
Demand is limited but steady. The Bureau of Labor Statistics projects loan officer employment to grow 1% from 2025 to 2035, slower than the average for all occupations. Even so, about 17,100 openings are projected each year over the decade, mostly from workers leaving the occupation. Loan officers held about 283,000 jobs in 2025.
Demand growth is projected to be slow. The U.S. Bureau of Labor Statistics projects loan officer employment to grow 1% from 2025 to 2035, which is slower than the average for all occupations. Even so, about 17,100 openings are projected each year, mostly from workers leaving the occupation rather than new demand.
Sources: California DRE: MLO License Endorsement Information; California DRE: How to Obtain a Mortgage Loan Originator License (RE 19).
Demand is projected to grow slowly. The Bureau of Labor Statistics projects loan officer employment to grow 1% from 2025 to 2035, slower than the average for all occupations. About 17,100 openings are projected each year, mostly from replacement needs rather than new demand.
Sources: 5 Del. C. Ch. 24: Mortgage Loan Originators (Delaware SAFE Act); 5 Del. Admin. Code § 2401-5.0: Fees (Regulation 2401).
Demand is modest. The Bureau of Labor Statistics projects loan officer employment to grow 1% from 2025 to 2035, which is slower than the average for all occupations. About 17,100 openings per year are expected, mostly from replacement needs rather than newly created positions.
Sources: Fla. Stat. 494.00312: Loan originator license; Fla. Stat. 494.00313: Loan originator license renewal.
Federal projections show little growth but steady openings. The Bureau of Labor Statistics projects employment of loan officers to grow 1% from 2025 to 2035, slower than the average occupation. Even so, about 17,100 openings are projected each year, mostly from workers leaving the field, and loan officers held about 283,000 jobs in 2025, roughly 80% of them in credit intermediation such as banks and mortgage companies.
Sources: Iowa Code Chapter 535D: Mortgage Licensing Act (Iowa SAFE Act); Iowa Administrative Code 187—Chapter 19: Mortgage loan originators.
Demand is flat by federal projections. The Bureau of Labor Statistics projects 1% employment growth for loan officers from 2025 to 2035, slower than the average occupation, with about 17,100 openings per year, mostly from replacement needs rather than newly created positions.
Sources: KRS 286.8-255: Registration with department required for mortgage loan originator; renewals; CE; background checks; minimum standards; KRS 286.8-260: Continuing professional education required for persons registered under subtitle.
Growth in the field is limited. The Bureau of Labor Statistics projects employment of loan officers to grow 1 percent from 2025 to 2035, slower than the average for all occupations. The field held about 283,000 jobs in 2025, and about 17,100 openings are projected each year, mostly to replace workers who leave the occupation.
Sources: BLS Occupational Outlook Handbook: Loan Officers.
Demand is stable but slow-growing. The Bureau of Labor Statistics projects 1% employment growth for loan officers from 2025 to 2035, slower than the average for all occupations. The field held about 283,000 jobs in 2025 and generates roughly 17,100 openings per year, mostly from replacing workers who leave the occupation.
Sources: Md. Code Fin. Inst. §11-606: Prelicensing education; Md. Code Fin. Inst. §11-604: License application and fees.
Demand for loan officers is projected to be flat. The U.S. Bureau of Labor Statistics projects employment to grow 1% from 2025 to 2035, slower than the average occupation. Still, about 17,100 openings are projected each year, mostly to replace workers who transfer to other jobs or leave the labor force. About 283,000 loan officer jobs existed in 2025.
Sources: Michigan DIFS: Mortgage Loan Originator licensing page; Michigan DIFS: Schedule of Fees — Mortgage Loan Originator (2026).
Demand is flat by federal projections. The Bureau of Labor Statistics projects 1% employment growth for loan officers from 2025 to 2035, with about 17,100 openings per year on average from turnover and replacement needs. The field held 283,000 jobs in 2025.
Sources: MCA 32-9-107: Prelicensing education requirements for mortgage loan originators; ARM 2.59.1752: State-specific prelicensing education.
Loan officers are in modest demand: the Bureau of Labor Statistics projects employment growth of 1% from 2025 to 2035, slower than the average for all occupations. The field still produces about 17,100 openings per year, mostly from replacement needs rather than new job creation. Loan officers held about 283,000 jobs in 2025.
Sources: NMLS: Nebraska state-specific PE and CE requirements for MLOs; Nebraska NDBF: MLO licensing application FAQ (2021).
Demand is steady rather than fast-growing, by federal projections. The Bureau of Labor Statistics projects 1% employment growth for loan officers from 2025 to 2035, with about 17,100 openings each year. The median annual wage was $76,690 in May 2025, and about 80% of loan officers work in credit intermediation, including mortgage companies.
Sources: BLS OOH: Loan officers.
Demand is limited but steady. The Bureau of Labor Statistics projects loan officer employment to grow 1% from 2025 to 2035, slower than the average occupation, and counts about 17,100 openings per year, mostly from workers leaving the field who need replacing.
Sources: N.Y. Banking Law § 590: Definitions; registration required; N.Y. Banking Law § 591-a: Application to register as a mortgage broker; fees.
Demand is modest. North Carolina projects +0.3% average annual growth for loan officers, a rate the state rates as moderately growing, with about 893 job openings a year. Nationally, the Bureau of Labor Statistics projects employment to grow 1% from 2025 to 2035, slower than the average occupation, though about 17,100 openings arise each year, mostly from workers leaving the field rather than new demand.
Sources: North Carolina Commissioner of Banks: MLO licensing requirements; NCCOB: NC prelicensing education requirements.
Nationally, 321,090 people worked as loan officers as of May 2023, according to the Bureau of Labor Statistics. The mortgage industry has high annual turnover, and a large share of current loan originators are over 40, which leaves room for new entrants who complete licensing. Most entry-level positions are commission-based, so income depends on loan volume rather than a guaranteed salary.
Sources: NMLS: Rhode Island state-specific PE and CE requirements for MLOs; 230-RICR-40-10-2: Lenders, Loan Brokers, Small Loan Lenders, Third-Party Loan Servicers and Mortgage Loan Originators (RI DBR regulation).
Moderately. The U.S. Bureau of Labor Statistics projects loan officer employment to grow 1% from 2025 to 2035, slower than the average occupation. Still, about 17,100 openings are projected each year, mostly from workers leaving the field, and loan officers held about 283,000 jobs in 2025.
Sources: 8 V.S.A. 2102: Application for license; application and license fees; 8 V.S.A. 2103: Approval of application and issuance of license.
Loan officer employment is projected to grow 1% from 2025 to 2035, slower than the average across occupations, according to the U.S. Bureau of Labor Statistics. The field still generates about 17,100 openings per year, mostly from replacement needs rather than new demand. Loan officers held about 283,000 jobs in 2025, and about 80% worked in credit intermediation, at commercial banks, savings institutions, and mortgage companies.
Sources: Washington DFI: Mortgage Loan Originators Licensing; Washington DFI: MLO Pre-Application Requirements (testing, education).
Growth is projected to be slow: the Bureau of Labor Statistics projects 1% employment growth for loan officers from 2025 to 2035, which is slower than average. Even so, about 17,100 openings are projected each year, mostly from workers leaving the occupation and needing to be replaced. Loan officers held about 283,000 jobs in 2025, roughly 80% of them in credit intermediation such as banks, savings institutions, and mortgage companies.
Sources: Wisconsin DFI: mortgage banking fees; Coverage gaps noted during research.