A Senior Loan Officer earns an average salary of $59,849 per year. A skill in People Management is associated with high pay for this job. Most people in this job have more than five years' experience in related jobs.

$35,228 - $118,163
$35K
$60K
$120K
MEDIAN: $59,848
10%
50%
90%

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$16.78 - $26.36
$17
$21
$26
MEDIAN: $21.00
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
$35,228 - $118,163  
   
Bonus
$1,039 - $33,935  
Profit Sharing
$0.00 - $19,866  
Commission
$1,855 - $100,334  
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).
)
$39,596 - $125,301  
Country: United States | Currency: USD | Updated: 28 Oct 2016 | Individuals Reporting: 100
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
$16.78 - $26.36  
   
Overtime
$31.39  
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
$1,039 - $33,935  
   
Commission
$1,855 - $100,334  
Profit Sharing
$0.00 - $19,866  
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).
)
$39,596 - $125,301  
Country: United States | Currency: USD | Updated: 28 Oct 2016 | Individuals Reporting: 23

Find Out Exactly What You Should Be Paid

United States (change)

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Job Description for Senior Loan Officer

Senior loan officers work in financial institutions and often supervise the work of other loan officers. Because this is a senior position, at least a few years of experience as a loan officer are generally required, and sales goals and benchmarks may need to be met in this position.

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Senior Loan Officer Tasks

  • Solicit, originate, negotiate, underwrite, process, and coordinate the closing of consumer, residential, equipment, commercial building, and business loans.
  • Cultivate new lending opportunities in new markets.
  • Make recommendations to senior management to streamline lending practices and procedures.
  • Assist loan manager in determining the credit risk of the loan portfolio.
  • Analyze, verify, package, and submit loans.

Common Career Paths for Senior Loan Officer


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Senior Loan Officer Job Listings

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Pay by Experience Level for Senior Loan Officer

Median of all compensation (including tips, bonus, and overtime) by years of experience.

Related Job Salaries

Key Stats for Senior Loan Officer

Gender

Female
54 %
Male
46 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 18 votes.
1-4 years
8%
5-9 years
13%
10-19 years
46%
20 years or more
33%
Location:
Years in Fields/Career:
United States (change)

Experience Affects Senior Loan Officer Salaries

Late-Career
up arrow 25%

Mid-Career
up arrow 6%

National Average
$59,000

Experienced
up arrow 2%

Entry-Level
up arrow 27%

Skills That Affect Senior Loan Officer Salaries

People Management
up arrow 169%

Financial Analysis
up arrow 4%

National Average
$59,000

Loan Underwriting
up arrow 1%

Customer Relations
up arrow 21%

Mortgage Loans
up arrow 25%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 18 votes.

Gender

Female
54 %
Male
46 %

Years of Experience

1-4 years
8%
5-9 years
13%
10-19 years
46%
20 years or more
33%

Common Health Benefits

medical benefits
Medical: 86%
dental benefits
Dental: 77%
vision benefits
Vision: 60%
dental benefits
None: 10%
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