Salary for Loan Officer Jobs

Updated: 10 Feb 2012
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National Salary Data

National Salary Data

 (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$50K$100K$150K
Salary$26,225 - $79,025  
   
Bonus$298.91 - $10,195  
Profit Sharing$550 - $6,500  
Commission$1,177 - $103,222  
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).
)		$25,910 - $90,879  
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Country: United States | Currency: USD | Updated: 10 Feb 2012 | Individuals Reporting: 1,470
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company salaries
Companies and Industries for Loan Officer Jobs

Popular Employers

Salary Range
Bank of America Corp. (BOFA)$29,441 - $80,537
J.P. Morgan Chase & Co. (JPMCC)$24,511 - $98,337
Federal Credit Union$26,451 - $44,219
Wells Fargo Bank$34,000 - $70,500
Farm CreditNot enough data
Popular Industries

Salary Range
Banking$26,648 - $72,525
Mortgage Lending / Loans / Credit Products$27,319 - $87,242
Financial Services$27,746 - $81,690
Credit Union$25,619 - $58,263
Mortgage Broker$26,190 - $116,631

key statistics
Key Statistics for Loan Officer Jobs

Gender
Female
50%
female alumni
  
Male
50%
male alumni
Salary:$31,016 - $48,923 $32,443 - $53,855
Years of Experience
Less than 1 year
7%
1-4 years
41%
5-9 years
26%
10-19 years
20%
20 years or more
6%
Most Common Health Benefits
medical benefits Medical: 82% dental benefits Dental: 64%
vision benefits Vision: 44% employee benefits None: 15%

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career path
Career Path for Loan Officer Jobs

Common Past Jobs
Common Future Jobs

Loan Officer

Salary Range

$25,910 - $90,879
payscale
Bank Teller
$17,363 - $28,757
Customer Service Representative (CSR)
$19,288 - $42,598
Loan Processor
$21,529 - $48,705
 
Common Past Jobs
Common Future Jobs

Loan Officer

Salary Range

$25,910 - $90,879
payscale
Branch Manager, Banking
$34,384 - $79,676
Loan Officer, Commercial
$39,725 - $126,272
Personal Banker
$24,883 - $52,728
 

career path
Salary Map for Loan Officer Jobs

Highest Salaries By City for Loan Officer Jobs

Top Cities by Popularity for Loan Officer Jobs

Highest Salaries By City Top Cities by Popularity

sample job description
Loan Officer Job Description

People with the job title Loan Officer typically fall into one of the following PayScale standard occupations.

Credit Analysts
Analyze current credit data and financial statements of individuals or firms to determine the degree of risk involved in extending credit or lending money. Prepare reports with this credit information for use in decision-making.
Loan Officers
Evaluate, authorize, or recommend approval of commercial, real estate, or credit loans. Advise borrowers on financial status and methods of payments. Includes mortgage loan officers and agents, collection analysts, loan servicing officers, and loan underwriters.

See Sample Job Descriptions for All Jobs

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Loan Officer Jobs

Balance
Loan Officer - (City withheld for privacy), Hawaii, United States
Life is about balance. Physically, mentally, and spiritually. One with the other, or one heavier than the other will cause a reaction of unbalanced lifestyle. Work is just an element of life. Some use there physical well being to work, some don't know any better, but if one, just one person could impact there life someway, somehow and share there positive attributes towards life, collectively one individual may gain so much. Not just gain financially, because money is just an element of lif...
Posted in Work Life Balance on 5 Jun 2007
Slow but steady
Loan Officer - (City withheld for privacy), Illinois, United States
Loyalty, and steady progress towards your goal. I've gone from a "representative" to an Asst. VP in 5 years on those principals. Good reviews, eagerness to take on new responsibilities, and supperior performance don't hurt, either.
Posted in 5 Years Ago on 9 Apr 2007
Stay Free of the Net
Loan Officer - (City withheld for privacy), Virginia, United States
Unless you are doing a search for your job stay away from personal sites during work hours even if you've completed your work and your co-workers work. It will bite you in the long run.
Posted in I Was Fired on 17 Aug 2006
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