Assistant Loan Officer Salary (United States)

An Assistant Loan Officer earns an average salary of $34,055 per year. A skill in Financial Analysis is associated with high pay for this job. Experience has a moderate effect on income for this job. People in this job generally don't have more than 20 years' experience.
Assistant Loan Officer Total Pay (?
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.
)
$24,435 - $48,732
(Median)
24K
29K
34K
40K
49K
MEDIAN: $34,055
10%
25%
50%
75%
90%
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Assistant Loan Officer Total Pay (?
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.
)
$9.64 - $18.64
(Median)
9
11
13
16
19
MEDIAN: $13.00
10%
25%
50%
75%
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$17K$34K$51K
Salary
$24,435 - $48,732  
   
Bonus
$0.00 - $14,227  
Commission
$0.00 - $27,148  
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).
)
$22,803 - $50,923  
PayScale
Country: United States | Currency: USD | Updated: 11 Jun 2014 | Individuals Reporting: 401
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
$9.64 - $18.64  
   
Overtime
$14.62 - $25.31  
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 - $14,227  
   
Commission
$0.00 - $27,148  
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).
)
$22,803 - $50,923  
PayScale
Country: United States | Currency: USD | Updated: 11 Jun 2014 | Individuals Reporting: 401
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Location:
United States (change)
Years in Field/Career:
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.
Read More...
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.
Read more about: Loan Officers
Common Career Paths for Assistant Loan Officer

Assistant Loan Officer Job Listings

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Pay by Experience Level for Assistant Loan Officer
Median of all compensation (including tips, bonus, and overtime) by years of experience.
Pay Difference By Location
St. Louis
up arrow 16%
Chicago
up arrow 14%
San Antonio
up arrow 12%
Seattle
up arrow 11%
Charlotte
up arrow 3%
National Average
$34,000
San Diego
up arrow 6%
Larger circles over a city indicate a job is popular in that location.
Related Job Salaries

Experience Affects Assistant Loan Officer Salaries

Late-Career
up arrow 31%
Experienced
up arrow 19%
National Average
$34,000
Entry-Level
up arrow 7%

Skills That Affect Assistant Loan Officer Salaries

Financial Analysis
up arrow 23%
Loan Processing
up arrow 4%
Mortgage Loans
up arrow 3%
National Average
$34,000
Loan Documents
up arrow 4%
Job Satisfaction
Highly satisfied Image
Highly satisfied
Rated 4 out of 5 based on 80 votes.
Gender
Female
79%
female alumni
 
Male
21%
male alumni
Years of Experience
Less than 1 year
12%
1-4 years
49%
5-9 years
17%
10-19 years
16%
20 years or more
5%
Common Health Benefits
medical benefits Medical: 78% dental benefits Dental: 63%
vision benefits Vision: 49% employee benefits None: 19%
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