Assistant Loan Officer with Loan Processing Skills Salary

A large fraction of take-home pay for Assistant Loan Officers with Loan Processing skills comes from commissions — over a third on average, in fact. The median overall income in this field is approximately $41K. Although a strong majority have medical coverage and the greater part have dental coverage, just under one in four claim no health benefits at all. Job satisfaction is high and work is enjoyable for most Assistant Loan Officers with Loan Processing skills. The vast majority of Assistant Loan Officers with Loan Processing skills (84 percent) who participated in the survey are women. The numbers in this rundown were provided by PayScale's salary survey participants.

$29,071 - $49,749
$29K
$38K
$50K
MEDIAN: $37,685
10%
50%
90%

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$10.16 - $21.84
$10
$15
$22
MEDIAN: $15.34
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
$29,071 - $49,749  
   
Bonus
$1,039 - $20,033  
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).
)
$26,072 - $56,922  
Country: United States | Currency: USD | Updated: 25 Mar 2017 | Individuals Reporting: 78
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
$10.16 - $21.84  
   
Overtime
$6.38 - $31.20  
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
$1,039 - $20,033  
   
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).
)
$26,072 - $56,922  
Country: United States | Currency: USD | Updated: 25 Mar 2017 | Individuals Reporting: 67

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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
84 %
Male
16 %

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 20 votes.
Less than 1 year
10%
1-4 years
41%
5-9 years
14%
10-19 years
26%
20 years or more
10%
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 20 votes.

Gender

Female
84 %
Male
16 %

Years of Experience

Less than 1 year
10%
1-4 years
41%
5-9 years
14%
10-19 years
26%
20 years or more
10%

Common Health Benefits

medical benefits
Medical: 71%
dental benefits
Dental: 68%
vision benefits
Vision: 61%
no benefits
None: 22%