Assistant Loan Officer Salary at Prospect Mortgage

The average salary for an Assistant Loan Officer at Prospect Mortgage is $35,000.

Salary

$0 - $35k

Bonus

$0 - $12k

Total Pay

$38k - $45k

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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. One of the assistant loan officer's main responsibilities incl…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.

Popular Employer Salaries for Assistant Loan Officer

Guild Mortgage Company

$41k

Movement Mortgage

$36k

Cornerstone Home Lending

$36k

Fairway Mortgage

$42k

Supreme Lending

$46k

Primelending

$35k

The top respondents for the job title Assistant Loan Officer are from the companies Guild Mortgage Company, Movement Mortgage and Cornerstone Home Lending. Reported salaries are highest at Supreme Lending where the average pay is $46,000. Other companies that offer high salaries for this role include Fairway Mortgage and Guild Mortgage Company, earning around $42,000 and $40,564, respectively. Primelending pays the lowest at around $35,000. Cornerstone Home Lending and Movement Mortgage also pay on the lower end of the scale, paying $36,000 and $36,438, respectively.