Avg. Base Salary (USD)
The average salary for a Chief Lending Officer is $135,680
What is the Pay by Experience Level for Chief Lending Officers?
A mid-career Chief Lending Officer with 5-9 years of experience earns an average total compensation (includes tips, bonus, and overtime pay) of $120,000 based on 10 salaries. An experienced Chief Lending Officer with 10-19 years of experience earns an average total compensation of $131,402 based on 40 salaries. In their late …Read more
What Do Chief Lending Officers Do?
The role of a chief lending officer is to determine and dictate the lending practices of the financial institution for which they work. They will dictate and coordinate all of the company's lending activities, ensure that they are in compliance with all state and federal regulations, and draft and develop strategies and new ways to streamline the company's lending operations. They will also study all loan portfolios, such as mortgages, business loans, personal loans, and more, and determine …Read more
- Supervise the work and loan portfolios of staff members.
- Manage a bank's loan portfolio, ensure long term profit growth, and minimize risk.
- Develop and enforce a bank's procedures for granting loans such as mortgages and credit cards to customers.
- Ensure loan policies comply with bank and government regulations.