The average salary for an Experienced Loan Officer is $50,649 per year. A skill in Commercial Loans is associated with high pay for this job.

$34,546 - $100,794
(Median)
$35K
$51K
$100K
MEDIAN: $50,649
10%
50%
90%

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$12.85 - $22.99
(Median)
$13
$18
$23
MEDIAN: $18.00
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$60K$120K$180K
Salary
$34,546 - $100,794  
   
Bonus
$493.16 - $15,232  
Profit Sharing
$0.00 - $6,082  
Commission
$970 - $154,563  
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).
)
$33,548 - $102,535  
Country: United States | Currency: USD | Updated: 28 Oct 2016 | Individuals Reporting: 289
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$30$60$90
Hourly Rate
$12.85 - $22.99  
   
Overtime
$1.53 - $34.99  
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$60K$120K$180K
Bonus
$493.16 - $15,232  
   
Commission
$970 - $154,563  
Profit Sharing
$0.00 - $6,082  
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).
)
$33,548 - $102,535  
Country: United States | Currency: USD | Updated: 28 Oct 2016 | Individuals Reporting: 102
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Skills That Affect Loan Officer Salaries

Commercial Loans
up arrow 21%

Financial Analysis
up arrow 8%

Mortgage Loans
up arrow 7%

National Average
$49,000

Loan Underwriting
up arrow 5%

Sales
up arrow 5%

Customer Relationship Management (CRM)
up arrow 6%

bill collections
up arrow 8%

Consumer Loans
up arrow 9%

Customer Service
up arrow 9%

Loan Processing
up arrow 10%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 50 votes.

Gender

Female
64 %
Male
36 %

Common Health Benefits

medical benefits
Medical: 83%
dental benefits
Dental: 62%
medical benefits
Vision: 51%
dental benefits
None: 15%
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