Assistant Loan Officer Salary

An Assistant Loan Officer earns an average salary of $35,666 per year. A skill in Mortgage Loans is associated with high pay for this job. People in this job generally don't have more than 20 years' experience.
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$25,276 - $49,592
(Median)
$25K
$36K
$50K
MEDIAN: $35,665
10%
50%
90%

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$10.05 - $20.15
(Median)
$10
$15
$20
MEDIAN: $14.00
10%
50%
90%

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National Salary Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$18K$36K$54K
Salary
$25,276 - $49,592  
   
Bonus
$0.00 - $15,575  
Profit Sharing
$0.00 - $11,836  
Commission
$0.00 - $23,489  
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).
)
$24,733 - $53,729  
Country: United States | Currency: USD | Updated: 2 Jul 2015 | Individuals Reporting: 287
National Hourly Rate Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$9$18$27
Hourly Rate
$10.05 - $20.15  
   
Overtime
$15.00 - $26.85  
National Annualized Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$18K$36K$54K
Bonus
$0.00 - $15,575  
   
Commission
$0.00 - $23,489  
Profit Sharing
$0.00 - $11,836  
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).
)
$24,733 - $53,729  
Country: United States | Currency: USD | Updated: 2 Jul 2015 | Individuals Reporting: 176
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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.

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Experience Affects Assistant Loan Officer Salaries




National Average
$37,000


Skills That Affect Assistant Loan Officer Salaries




Loan Processing
up arrow 2%

Customer Relations
up arrow 2%

National Average
$37,000

Loan Documents
up arrow 11%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 59 votes.

Gender

Female
81 %
Male
19 %

Years of Experience

Less than 1 year
10%
1-4 years
48%
5-9 years
18%
10-19 years
16%
20 years or more
8%

Common Health Benefits

medical benefits Medical: 75% dental benefits Dental: 66%
vision benefits Vision: 55% employee benefits None: 20%
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