Loan officer salary

How much does a Loan Officer make in the United States?

Sign up in our career community today! The annual compensation for this career has gone up since Salaries have increased by an average of Loan Officers tend to make the most in the following industries:. All careers. Salary for Loan Officers.

Loan officer salary

A loan officer represents a bank, credit union , or other financial institution and finds and assists borrowers in acquiring loans. Loan officers can work with a wide variety of lending products for both consumers and businesses. They must have a comprehensive awareness of lending products and banking industry rules, regulations, and required documentation. Loan officers review loan applications and analyze an applicant's finances to determine who is eligible for a loan. They also educate consumers on loans, verify financial information, and contact individuals and companies to see if they qualify for a loan. Wages vary based on the employer as well as job performance. Some loan officers are paid a flat salary or an hourly rate, but others earn commission on top of their regular compensation. Commissions are based on the number of loans these professionals originate or on how their loans are repaid. Most full-time loan officers receive standard benefits like health, vacation, and access to retirement accounts. Most loan officers work for a bank or private company, so the benefits vary depending on their employer.

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How much does a Loans Officer make? Salary ranges can vary widely depending on many important factors, including education , certifications, additional skills, the number of years you have spent in your profession. With more online, real-time compensation data than any other website, Salary. Search Loans Officer Jobs. Analyze the market and your qualifications to negotiate your salary with confidence. Search thousands of open positions to find your next opportunity. Individualize employee pay based on unique job requirements and personal qualifications. Get the latest market price for benchmark jobs and jobs in your industry.

Loan officer salary

Salary ranges can vary widely depending on many important factors, including education , certifications, additional skills, the number of years you have spent in your profession. With more online, real-time compensation data than any other website, Salary. Latitude, Inc. Junior Loan Officer. Entry-Level Loan Setup Specialist. Individualize employee pay based on unique job requirements and personal qualifications.

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There isn't an average salary for a loan officer assistant, as it depends on too many factors from the company where the assistant is employed, if they work hourly or for an annual salary, and experience. Discover how your pay is adjusted for skills, experience, and other factors. They work with a wide variety of lending products and have a comprehensive awareness of them and banking industry protocols, giving borrowers greater confidence in executing a lending deal. How much does a Loan Officer make in the United States? For Employers. Analyze the market and your qualifications to negotiate your salary with confidence. Evolving as a Loan Officer by having I have 0 years 1 years 2 years 3 years 4 years 5 years 6 years 7 years 8 years 9 years 10 years 11 years 12 years 13 years 14 years 15 years 16 years 17 years 18 years. Others work only with businesses for commercial loans. Not the job you're looking for? Learn about. United Bank - Zebulon , GA. Recruiter makes it easy to find out about new jobs for loan officers.

Loan officer salary is impacted by location, education, and experience. The lowest average loan officer salary states are Arizona, Alabama, and Alaska.

These jobs will most likely occur because many loan officers may hit retirement age or leave the labor force for other reasons. Most loan officers have at least a bachelor's degree in finance or business. Loan products that may involve a loan officer can include personal loans, mortgage loans, and lines of credit. Inside Loan Officer-Salary- Leads provided. Review the job openings and experience requirements for the Loan Officer job to confirm that it is the job you are seeking. Many borrowers prefer working with a loan officer directly to ensure that all of their needs are met. Get Started. Bureau of Labor Statistics, the job market for loan officers will hold steady in the decade between to That's not a valid work email account. Loan processors, like loan officers, work for banks, mortgage lenders, and other loan-related services. Please review our updated Terms of Service. In some cases, people who have experience in a related business career can enter this field without a bachelor's degree. Hourly rate.