Chief Lending Officer Salary

Chief Lending Officers in the United States can expect to earn a very generous salary, with average salaries (in the ballpark of $129K) surpassing six figures annually. Most workers in this position report high levels of job satisfaction. The vast majority of Chief Lending Officers (80 percent) survey respondents are men. Medical benefits are awarded to nearly all, and most earn dental coverage. Participants in PayScale's salary questionnaire provided the particulars of this report.
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$63,875 - $174,209
$64K
$130K
$170K
MEDIAN: $128,589
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$70K$140K$210K
Salary
$63,875 - $174,209  
   
Bonus
$4,805 - $32,982  
Profit Sharing
$1,200  
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).
)
$62,916 - $203,719  
Country: United States | Currency: USD | Updated: 18 Jan 2017 | Individuals Reporting: 68

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United States (change)

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Job Description for Chief Lending Officer

The role of a chief lending officer is to determine and dictate the lending practices of the financial institution for which they work. They will dictate and coordinate all of the company's lending activities, ensure that they are in compliance with all state and federal regulations, and draft and develop strategies and new ways to streamline the company's lending operations. They will also study all loan portfolios, such as mortgages, business loans, personal loans, and more, and determine ways to expand into new markets while still strengthening the current customer base.

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Chief Lending Officer Tasks

  • Supervise the work and loan portfolios of staff members.
  • Manage a bank's loan portfolio, ensure long term profit growth, and minimize risk.
  • Develop and enforce a bank's procedures for granting loans such as mortgages and credit cards to customers.
  • Ensure loan policies comply with bank and government regulations.

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Key Stats for Chief Lending Officer

Gender

Female
20 %
Male
80 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 12 votes.
1-4 years
1%
5-9 years
10%
10-19 years
36%
20 years or more
53%
Location:
Years in Fields/Career:
United States (change)

Experience Affects Chief Lending Officer Salaries

Late-Career
▲8%

National Average
$142,000

Experienced
▼11%

Mid-Career
▼34%

Skills That Affect Chief Lending Officer Salaries

Commercial Loans
▲15%

National Average
$142,000

Loan Underwriting
▼5%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 12 votes.

Gender

Female
20 %
Male
80 %

Years of Experience

1-4 years
1%
5-9 years
10%
10-19 years
36%
20 years or more
53%

Common Health Benefits

medical benefits
Medical: 90%
dental benefits
Dental: 81%
vision benefits
Vision: 75%
dental benefits
None: 10%
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