To start a career as a car titles loans officer, you will need some professional training. As with most careers in financial services, there are several different niches that you can pursue a career in. Generally, however, loans officers work with clients/consumers and business owners.

The education and training you will need, as well as the licensing and certification needs required for becoming a loans officer, will vary subject on the region where you reside or intend to work.

Below you will find some helpful steps you can take on how you can find good training as a loan officer in order to launch your career as a car title loans officer.

Step 1:

You need to understand that as a loans officer, you will need to learn and remember all the different federal laws and regulations in most states. This can be very intensive and is not for the faint hearted. You will also learn how to process loans, protect privacy, practices and procedures in lending and other commercial activities, among other subjects.

Step 2:

Depending on the state you choose to pursue your career, you may be required to pass an exam in order to become a licensed officer. You may also be required to have consistent education through your career. Find out the requirements for the different states that you may intend to work in.

Step 3:

Do a thorough research on the best and most appropriate institution that you can join in order to get your training. You will also need to decide if you want to take online classes or go to a physical location if there is one near you.

Step 4:

Find out if the institution is accredited to provide training for loan officers if accreditation is required.

Step 5: 

Do your normal due diligence required before you join any learning institution and spend your time and hard earned money with them.

Find out how you will communicate with your instructors, your fees structure, study materials required, how missed classes are handled and such information.

Step 7:

If you decide to pursue online classes, it will be in your interest to find classes offered by the long established colleges. These colleges will more likely be able to offer you a bachelor’s degree that will include a well-rounded training program in law, banking, mathematics, finance, economics, computers and communication skills.

Step 8:

Consider getting some on the job training in an actual establishment that offers such loans. For example, if you are in San Jose and want to work in the area, find a company that actually sells car title loans in San Jose. This way you will be able to find out from your instructors all the nuances of selling or processing car title loans particular to the city or state.

Step 9:

Register and prepare for your classes. Get all the required training material, find out the time you will need to schedule for your classes and to do any remedial work and make sure you adjust your lifestyle accordingly.

Keep a record of all receipts for your training classes and exams that you have taken so that you have proof of training when you need it.

About the author

David Schmidt is finance professional with extensive knowledge of credit products. After 12 years working in the banking sector, David went into private business as a lender and credit consultant in the San Jose area. His business offers credit facilities such as car title loans in San Jose. Visit his site to learn more.


9 Steps to Find the Best Training for a Career as a Car Title Loans Officer