Mid-Career Loan Officer Salary

The average Mid-Career Loan Officer earns approximately $50K annually. The range in cash compensation to Mid-Career Loan Officers (largely between $32K and $81K) includes potential earnings of $21K from bonuses, $10K from profit sharing, and commissions of $40K in exceptional cases. Women Mid-Career Loan Officers who took the survey just slightly outnumber men. Job satisfaction for Mid-Career Loan Officers is high. Most enjoy medical while a strong majority get dental coverage. Vision coverage is also available to a majority. This snapshot results from replies to PayScale's salary survey.

$32,284 - $79,914
$32K
$50K
$80K
MEDIAN: $49,521
10%
50%
90%

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$12.09 - $23.07
$12
$17
$23
MEDIAN: $17.17
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$28K$56K$84K
Salary
$32,284 - $79,914  
   
Bonus
$499.17 - $20,540  
Profit Sharing
$0.00 - $10,356  
Commission
$1,309 - $39,732  
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).
)
$31,614 - $81,409  
Country: United States | Currency: USD | Updated: 5 May 2017 | Individuals Reporting: 317
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
$12.09 - $23.07  
   
Overtime
$7.00 - $35.00  
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$28K$56K$84K
Bonus
$499.17 - $20,540  
   
Commission
$1,309 - $39,732  
Profit Sharing
$0.00 - $10,356  
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).
)
$31,614 - $81,409  
Country: United States | Currency: USD | Updated: 5 May 2017 | Individuals Reporting: 124

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Key Stats for Loan Officer

Gender

Female
52 %
Male
48 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 46 votes.
5-9 years
73%
10-19 years
27%
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Location:
Years in Fields/Career:
United States (change)

Skills That Affect Loan Officer Salaries

Commercial Loans
▲25%

Financial Analysis
▲7%

Mortgage Loans
▲3%

National Average
$48,000

Customer Relationship Management (CRM)
▼2%

Loan Underwriting
▼7%

Sales
▼8%

Consumer Loans
▼11%

Loan Processing
▼14%

Customer Service
▼15%

bill collections
▼15%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 46 votes.

Gender

Female
52 %
Male
48 %

Common Health Benefits

medical benefits
Medical: 87%
dental benefits
Dental: 73%
vision benefits
Vision: 60%
no benefits
None: 9%
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