Lending Officer Salary

A Lending Officer earns an average salary of $63,871 per year. Experience strongly influences pay for this job.

$33,713 - $120,401
$34K
$61K
$120K
MEDIAN: $61,042
10%
50%
90%

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$12.92 - $24.38
$13
$17
$24
MEDIAN: $17.00
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$50K$100K$150K
Salary
$33,713 - $120,401  
   
Bonus
$405.47 - $59,180  
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).
)
$31,897 - $119,737  
Country: United States | Currency: USD | Updated: 4 May 2017 | Individuals Reporting: 23
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$25$50$75
Hourly Rate
$12.92 - $24.38  
   
Overtime
$30.00  
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$50K$100K$150K
Bonus
$405.47 - $59,180  
   
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).
)
$31,897 - $119,737  
Country: United States | Currency: USD | Updated: 4 May 2017 | Individuals Reporting: 11

Find Out Exactly What You Should Be Paid

United States (change)

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Job Description for Lending Officer

  • Obtain and compile financial information to evaluate loan applications and their risk.
  • Generate new clients and referrals through strong relationship building.
  • Track and maintain credit and loan data.
  • Work directly with clients to review agreements, explain programs, and negotiate loans and terms.

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Pay by Experience Level for Lending Officer

Pay by Experience for a Lending Officer has a positive trend. An entry-level Lending Officer with less than 5 years of experience can expect to earn an average total compensation of $36,000 based on 16 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Lending Officer with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $45,000 based on 8 salaries. An experienced Lending Officer which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $65,000 based on 8 salaries. A Lending Officer with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $120,000 based on 7 salaries.

Related Job Salaries

Key Stats for Lending Officer

Gender

Female
50 %
Male
50 %

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 5 votes.
Less than 1 year
12%
1-4 years
29%
5-9 years
18%
10-19 years
21%
20 years or more
21%
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Location:
Years in Fields/Career:
United States (change)

Experience Affects Lending Officer Salaries

Late-Career
▲133%

Experienced
▲26%

National Average
$51,000

Mid-Career
▼13%

Entry-Level
▼29%

Job Satisfaction

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

Gender

Female
50 %
Male
50 %

Years of Experience

Less than 1 year
12%
1-4 years
29%
5-9 years
18%
10-19 years
21%
20 years or more
21%

Common Health Benefits

medical benefits
Medical: 79%
dental benefits
Dental: 79%
vision benefits
Vision: 71%
no benefits
None: 8%
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