Avg. Base Hourly Rate (USD)
The average hourly pay for an Assistant Loan Officer is $17.47 in 2024
What is the Pay by Experience Level for Assistant Loan Officers?
An entry-level Assistant Loan Officer with less than 1 year experience can expect to earn an average total compensation (includes tips, bonus, and overtime pay) of $15.53 based on 60 salaries. An early career Assistant Loan Officer with 1-4 years of experience earns an average total compensation of $17.24 based on 211 salaries. …Read more
What Do Assistant Loan Officers Do?
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.
One of the assistant loan officer's main responsibilities …Read more
How do Assistant Loan Officers Rate Their Jobs?
FAQs About Assistant Loan Officers
What is the highest pay for Assistant Loan Officers?
Our data indicates that the highest pay for an Assistant Loan Officer is $23.02 / hour
What is the lowest pay for Assistant Loan Officers?
Our data indicates that the lowest pay for an Assistant Loan Officer is $12.98 / hour
How can Assistant Loan Officers increase their salary?
Increasing your pay as an Assistant Loan Officer is possible in different ways. Change of employer: Consider a career move to a new employer that is willing to pay higher for your skills. Level of Education: Gaining advanced degrees may allow this role to increase their income potential and qualify for promotions. Managing Experience: If you are an Assistant Loan Officer that oversees more junior Assistant Loan Officers, this experience can increase the likelihood to earn more.