Senior Loan Officer Salary

A Senior Loan Officer earns an average salary of $59,771 per year. Skills that are associated with high pay for this job are People Management and Financial Analysis. Most people in this job have more than five years' experience in related jobs.

$36,611 - $118,163
$37K
$60K
$120K
MEDIAN: $59,771
10%
50%
90%

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$16.56 - $26.42
$17
$22
$26
MEDIAN: $21.80
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
$36,611 - $118,163  
   
Bonus
$1,178 - $34,521  
Profit Sharing
$0.00 - $19,727  
Commission
$1,825 - $98,633  
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).
)
$39,638 - $124,053  
Country: United States | Currency: USD | Updated: 18 Jan 2017 | Individuals Reporting: 90
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
$16.56 - $26.42  
   
Overtime
$30.11  
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
$1,178 - $34,521  
   
Commission
$1,825 - $98,633  
Profit Sharing
$0.00 - $19,727  
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).
)
$39,638 - $124,053  
Country: United States | Currency: USD | Updated: 18 Jan 2017 | Individuals Reporting: 22

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
51 %
Male
49 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 14 votes.
1-4 years
8%
5-9 years
15%
10-19 years
39%
20 years or more
38%
Location:
Years in Fields/Career:
United States (change)

Experience Affects Senior Loan Officer Salaries

Late-Career
▲25%

National Average
$59,000

Mid-Career
▼3%

Experienced
▼4%

Entry-Level
▼26%

Skills That Affect Senior Loan Officer Salaries

People Management
▲172%


Loan Underwriting
▼0%

National Average
$59,000

Customer Relations
▼20%

Mortgage Loans
▼24%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 14 votes.

Gender

Female
51 %
Male
49 %

Years of Experience

1-4 years
8%
5-9 years
15%
10-19 years
39%
20 years or more
38%

Common Health Benefits

medical benefits
Medical: 89%
dental benefits
Dental: 76%
vision benefits
Vision: 62%
dental benefits
None: 8%
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