Chief Lending Officer Salary

Chief Lending Officers in the United States see excellent average salaries — about $130K annually. For the most part, Chief Lending Officers enjoy their work and report high levels of job satisfaction. Most enjoy medical while a strong majority get dental coverage. Vision coverage is also available to more than half. Male Chief Lending Officers are far more common among survey respondents than their female counterparts, who typically comprise less than one-third of the field. Figures cited in this summary are based on replies to PayScale's salary questionnaire.
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$64,604 - $171,178
$65K
$130K
$170K
MEDIAN: $130,219
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
$64,604 - $171,178  
   
Bonus
$3,606 - $30,807  
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).
)
$62,059 - $198,630  
Country: United States | Currency: USD | Updated: 25 Mar 2017 | Individuals Reporting: 62

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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
23 %
Male
77 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 13 votes.
5-9 years
9%
10-19 years
30%
20 years or more
61%
Location:
Years in Fields/Career:
United States (change)

Experience Affects Chief Lending Officer Salaries

Late-Career
▲6%

National Average
$144,000

Experienced
▼4%

Mid-Career
▼9%

Skills That Affect Chief Lending Officer Salaries

Commercial Loans
▲18%

National Average
$144,000

Loan Underwriting
▼7%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 13 votes.

Gender

Female
23 %
Male
77 %

Years of Experience

5-9 years
9%
10-19 years
30%
20 years or more
61%

Common Health Benefits

medical benefits
Medical: 89%
dental benefits
Dental: 74%
vision benefits
Vision: 70%
no benefits
None: 11%