Assistant Loan Officer with Loan Processing Skills Salary

Total annual pay for Assistant Loan Officers with Loan Processing skills is approximately $41K, and commissions account for a significant portion of this final number — around two in five on average. Unfortunately, some people in this line of work are without benefits — roughly a fifth lack coverage. On the flip side, a fair number have medical insurance and more than half receive dental plans. Among survey respondents, women are more common than men; 85 percent of Assistant Loan Officers with Loan Processing skills are female. For the most part, Assistant Loan Officers with Loan Processing skills enjoy their work and report high levels of job satisfaction. The information for this rundown comes from respondents who completed PayScale's salary questionnaire.

$28,187 - $49,485
$28K
$37K
$49K
MEDIAN: $37,399
10%
50%
90%

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$10.45 - $21.79
$10
$15
$22
MEDIAN: $15.29
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$19K$38K$57K
Salary
$28,187 - $49,485  
   
Bonus
$1,000 - $17,500  
Profit Sharing
$3,000  
Commission
$2,500 - $30,827  
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).
)
$25,878 - $56,395  
Country: United States | Currency: USD | Updated: 5 May 2017 | Individuals Reporting: 82
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$11$22$33
Hourly Rate
$10.45 - $21.79  
   
Overtime
$0.00 - $31.51  
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$22K$44K$66K
Bonus
$1,000 - $17,500  
   
Commission
$2,500 - $30,827  
Profit Sharing
$3,000  
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).
)
$25,878 - $56,395  
Country: United States | Currency: USD | Updated: 5 May 2017 | Individuals Reporting: 68

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Pay by Experience Level for Assistant Loan Officer

Pay by Experience for an Assistant Loan Officer has a positive trend. An entry-level Assistant Loan Officer with less than 5 years of experience can expect to earn an average total compensation of $36,000 based on 84 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. An Assistant Loan Officer with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $46,000 based on 34 salaries. An experienced Assistant Loan Officer which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $44,000 based on 38 salaries. An Assistant Loan Officer with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $49,000 based on 14 salaries.

Key Stats for Assistant Loan Officer

Gender

Female
85 %
Male
15 %

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 23 votes.
Less than 1 year
9%
1-4 years
43%
5-9 years
13%
10-19 years
26%
20 years or more
8%
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Location:
Years in Fields/Career:
United States (change)

Experience Affects Assistant Loan Officer Salaries

Late-Career
▲20%

Mid-Career
▲11%

Experienced
▲8%

National Average
$41,000

Entry-Level
▼13%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 23 votes.

Gender

Female
85 %
Male
15 %

Years of Experience

Less than 1 year
9%
1-4 years
43%
5-9 years
13%
10-19 years
26%
20 years or more
8%

Common Health Benefits

medical benefits
Medical: 74%
dental benefits
Dental: 69%
vision benefits
Vision: 62%
no benefits
None: 21%
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