Assistant Loan Officer Salary

An Assistant Loan Officer earns an average salary of $36,679 per year. People in this job generally don't have more than 20 years' experience. For the first five to ten years in this position, salary increases sharply, but any additional experience does not have a big effect on pay.
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$27,214 - $48,859
$27K
$37K
$49K
MEDIAN: $36,991
10%
50%
90%

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$10.50 - $20.49
$11
$15
$20
MEDIAN: $15.33
10%
50%
90%

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$0$53K
Salary $27,214 - $48,859
Bonus $550 - $15,073
Profit Sharing $3,000
Commission $1,689 - $20,869
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).
)
$26,134 - $53,265
  • Country: United States
  • Currency: USD
  • Updated: 19 Oct 2017
  • Individuals Reporting: 225
Hourly Data $0$31
Hourly Rate $10.50 - $20.49
Overtime $13.88 - $31.20
Annual Data $0$53K
Bonus $550 - $15,073
Commission $1,689 - $20,869
Profit Sharing $3,000
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).
)
$26,134 - $53,265
  • Country: United States
  • Currency: USD
  • Updated: 19 Oct 2017
  • Individuals Reporting: 182

Job Description for Assistant Loan Officer

Assistant loan officers are in charge of reviewing loan applications and completing administrative tasks for their organization. They are responsible for checking important loan details and requirements before submitting all documentation to the lender. They also prepare cost estimates for borrowers, provide all necessary information to relevant parties, answer client inquiries, and redirect questions to the appropriate departments.

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Assistant Loan Officer Tasks

  • Assist in managing a loan portfolio with regard to credit quality and administration, and portfolio performance.
  • Coordinate and manage marketing to current clients and potential customers.
  • Approve, deny, and review loan recommendations.
  • Review, identify, and resolve problems with loan applications.
  • Facilitate the application process by initiating pre-qualification inquiry calls and reviewing resulting data with the loan officer.

Common Career Paths for Assistant Loan Officer


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Assistant Loan Officer Job Listings

Popular Employer Salaries for Assistant Loan Officer

Popular Skills for Assistant Loan Officer

Pay by Experience Level for Assistant Loan Officer

Pay by Experience for an Assistant Loan Officer has a positive trend. An entry-level Assistant Loan Officer with less than 5 years of experience can expect to earn an average total compensation of $35,000 based on 256 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. An Assistant Loan Officer with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $44,000 based on 79 salaries. An experienced Assistant Loan Officer which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $45,000 based on 81 salaries. An Assistant Loan Officer with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $45,000 based on 32 salaries.

Related Job Salaries

Key Stats for Assistant Loan Officer

Gender

Female
84 %
Male
16 %

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 59 votes.
Less than 1 year
13%
1-4 years
48%
5-9 years
12%
10-19 years
20%
20 years or more
7%

Experience Affects Assistant Loan Officer Salaries

▲17%

▲15%

▲13%

National Average
$39,000

▼11%

Skills That Affect Assistant Loan Officer Salaries




National Average
$39,000



Loan Documents
▼3%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 59 votes.

Gender

Female
84 %
Male
16 %

Years of Experience

Less than 1 year
13%
1-4 years
48%
5-9 years
12%
10-19 years
20%
20 years or more
7%

Common Health Benefits

medical benefits
Medical: 70%
dental benefits
Dental: 62%
vision benefits
Vision: 54%
no benefits
None: 27%