Mid-Career Loan Officer Salary

Average Mid-Career Loan Officers make around $49K per year. In the world of Mid-Career Loan Officers, total cash compensation can vary between $32K and $81K. Each package generally includes bonuses and profit sharing proceeds, and in exceptional cases, those amounts can reach heights of $20K and $11K, respectively. Women make up a slight majority of Mid-Career Loan Officers (53 percent) survey respondents. Job satisfaction for Mid-Career Loan Officers is high. Medical benefits are awarded to a large number, and a fair number earn dental coverage. This snapshot results from replies to PayScale's salary survey.

$32,212 - $79,524
$32K
$49K
$80K
MEDIAN: $49,000
10%
50%
90%

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$12.25 - $22.87
$12
$17
$23
MEDIAN: $17.12
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$27K$54K$81K
Salary
$32,212 - $79,524  
   
Bonus
$497.20 - $20,396  
Profit Sharing
$0.00 - $10,500  
Commission
$1,291 - $40,268  
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).
)
$31,595 - $80,752  
Country: United States | Currency: USD | Updated: 25 Mar 2017 | Individuals Reporting: 299
© PayScale, Inc. @ www.payscale.com
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$14$28$42
Hourly Rate
$12.25 - $22.87  
   
Overtime
$7.10 - $34.52  
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$28K$56K$84K
Bonus
$497.20 - $20,396  
   
Commission
$1,291 - $40,268  
Profit Sharing
$0.00 - $10,500  
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).
)
$31,595 - $80,752  
Country: United States | Currency: USD | Updated: 25 Mar 2017 | Individuals Reporting: 120
© PayScale, Inc. @ www.payscale.com

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Key Stats for Loan Officer

Gender

Female
53 %
Male
47 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 40 votes.
5-9 years
73%
10-19 years
27%
Location:
Years in Fields/Career:
United States (change)

Skills That Affect Loan Officer Salaries

Commercial Loans
▲28%

Financial Analysis
▲10%

Mortgage Loans
▲5%

Customer Relationship Management (CRM)
▼0%

National Average
$46,000

Loan Underwriting
▼4%

Sales
▼6%

Consumer Loans
▼8%

Loan Processing
▼12%

Customer Service
▼13%

bill collections
▼13%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 40 votes.

Gender

Female
53 %
Male
47 %

Common Health Benefits

medical benefits
Medical: 88%
dental benefits
Dental: 74%
vision benefits
Vision: 61%
dental benefits
None: 9%
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