Assistant Loan Officer Salary

An Assistant Loan Officer earns an average salary of $36,010 per year. The highest paying skills associated with this job are Mortgage Loans and Customer Relationship Management (CRM). Most people move on to other jobs if they have more than 20 years' experience in this career.
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$26,066 - $49,783
(Median)
$26K
$36K
$50K
MEDIAN: $36,010
10%
50%
90%

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$10.45 - $19.85
(Median)
$10
$15
$20
MEDIAN: $14.00
10%
50%
90%

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National Salary Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$18K$36K$54K
Salary
$26,066 - $49,783  
   
Bonus
$0.00 - $17,759  
Profit Sharing
$0.00 - $8,550  
Commission
$0.00 - $20,273  
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
$25,429 - $53,712  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 321
National Hourly Rate Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$9$18$27
Hourly Rate
$10.45 - $19.85  
   
Hourly Tips
$6.25  
Overtime
$14.49 - $26.44  
National Annualized Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$18K$36K$54K
Bonus
$0.00 - $17,759  
   
Commission
$0.00 - $20,273  
Profit Sharing
$0.00 - $8,550  
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
$25,429 - $53,712  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 197
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Job Description for Assistant Loan Officer

Assistant loan officers are in charge of reviewing loan applications and completing administrative tasks for their organization. They are responsible for checking important loan details and requirements before submitting all documentation to the lender. They also prepare cost estimates for borrowers, provide all necessary information to relevant parties, answer client inquiries, and redirect questions to the appropriate departments.

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Assistant Loan Officer Tasks

  • Review, identify, and resolve problems with loan applications.
  • Facilitate the application process by initiating pre-qualification inquiry calls and reviewing resulting data with the loan officer.
  • Approve, deny, and review loan recommendations.
  • Assist in managing a loan portfolio with regard to credit quality and administration, and portfolio performance.
  • Coordinate and manage marketing to current clients and potential customers.

Common Career Paths for Assistant Loan Officer


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Assistant Loan Officer Job Listings

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Popular Skills for Assistant Loan Officer

Pay by Experience Level for Assistant Loan Officer

Median of all compensation (including tips, bonus, and overtime) by years of experience.

Related Job Salaries

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Experience Affects Assistant Loan Officer Salaries




National Average
$38,000


Skills That Affect Assistant Loan Officer Salaries




Loan Processing
up arrow 3%

Customer Relations
0%

National Average
$38,000

Loan Documents
up arrow 10%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 64 votes.

Gender

Female
81 %
Male
19 %

Years of Experience

Less than 1 year
10%
1-4 years
46%
5-9 years
19%
10-19 years
16%
20 years or more
8%

Common Health Benefits

medical benefits
Medical: 75%
dental benefits
Dental: 66%
medical benefits
Vision: 55%
dental benefits
None: 21%
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