$36,687
Avg. Salary
$15.45
Avg. Hourly Rate

Average additional compensation:

$5,434

Bonus

$2,250

Profit Sharing

$9,066

Commission

What am I worth?
How should I pay?

The average pay for an Assistant Loan Officer is $15.45 per hour.

The average pay for an Assistant Loan Officer is $36,687 per year.

10%
$10.63
10%
$15.45
50%
$20.74
90%
90%
MEDIAN $15.45
10%
$28k
10%
$37k
50%
$50k
90%
90%
MEDIAN $36,687
$27,902 - $49,985
$28K
$37K
$50K
MEDIAN: $36,687
10%
50%
90%

Add this chart to your site: 640px    300px

$10.63 - $20.74
$11
$15
$21
MEDIAN: $15.45
10%
50%
90%

Add this chart to your site: 640px    300px

$0$54K
Salary $27,902 - $49,985
Bonus $682 - $14,594
Profit Sharing $440 - $14,809
Commission $1,830 - $20,510
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).
)
$26,153 - $54,521
  • Country: United States
  • Currency: USD
  • Updated: 16 Apr 2019
  • Individuals Reporting: 357
Hourly Data $0$29
Hourly Rate $10.63 - $20.74
Hourly Tips $0.50
Overtime $12.03 - $29.68
Annual Data $0$54K
Bonus $682 - $14,594
Commission $1,830 - $20,510
Profit Sharing $440 - $14,809
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).
)
$26,153 - $54,521
  • Country: United States
  • Currency: USD
  • Updated: 16 Apr 2019
  • Individuals Reporting: 315

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.

Read More...
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.

Assistant Loan Officer Pay By Employer

$0$42K

$36,625

$35,608

$35,375

$35,000

Common Career Paths for Assistant Loan Officer


Add this chart to your site:   640px 640px    300px 300px


Assistant Loan Officers' salaries may rise greatly for those who assume a higher-end position such as a Commercial Loan Officer. The average Commercial Loan Officer brings home $66K per year.

Assistant Loan Officer Job Listings

Popular Skills for Assistant Loan Officer


Assistant Loan Officers report using a diverse set of skills on the job. Most notably, skills in Mortgage Loans, Loan Processing, Customer Relationship Management, and Customer Service are correlated to pay that is above average, with boosts in pay of 7 percent. The majority of those who know Customer Relations also know Mortgage Loans.

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
81 %
Male
19 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 100 votes.
Less than 1 year
12%
1-4 years
49%
5-9 years
13%
10-19 years
17%
20 years or more
9%

Experience Affects Assistant Loan Officer Salaries

▲17%

▲16%

▲13%

National Average
$39,000

▼10%

Skills That Affect Assistant Loan Officer Salaries





National Average
$39,000


Loan Documents
▼3%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 100 votes.

Gender

Female
81 %
Male
19 %

Years of Experience

Less than 1 year
12%
1-4 years
49%
5-9 years
13%
10-19 years
17%
20 years or more
9%

Common Health Benefits

medical benefits
Medical: 71%
dental benefits
Dental: 64%
vision benefits
Vision: 55%
no benefits
None: 26%