Lending Officer Salary

A Lending Officer earns an average salary of $63,871 per year. Experience strongly influences pay for this job.

$32,159 - $118,783
$32K
$64K
$120K
MEDIAN: $63,864
10%
50%
90%

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$12.84 - $19.54
$13
$16
$20
MEDIAN: $15.85
10%
50%
90%

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$0$118K
Salary $32,159 - $118,783
Bonus $103.04 - $58,175
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).
)
$29,598 - $118,718
  • Country: United States
  • Currency: USD
  • Updated: 19 Oct 2017
  • Individuals Reporting: 27
Hourly Data $0$50
Hourly Rate $12.84 - $19.54
Overtime $50.00
Annual Data $0$118K
Bonus $103.04 - $58,175
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).
)
$29,598 - $118,718
  • Country: United States
  • Currency: USD
  • Updated: 19 Oct 2017
  • Individuals Reporting: 10

Job Description for Lending Officer

  • Obtain and compile financial information to evaluate loan applications and their risk.
  • Generate new clients and referrals through strong relationship building.
  • Track and maintain credit and loan data.
  • Work directly with clients to review agreements, explain programs, and negotiate loans and terms.

Lending Officer Job Listings

Pay by Experience Level for Lending Officer

Pay by Experience for a Lending Officer has a positive trend. An entry-level Lending Officer with less than 5 years of experience can expect to earn an average total compensation of $36,000 based on 16 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Lending Officer with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $45,000 based on 8 salaries. An experienced Lending Officer which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $65,000 based on 8 salaries. A Lending Officer with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $120,000 based on 7 salaries.

Related Job Salaries

Key Stats for Lending Officer

Gender

Female
69 %
Male
31 %

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 4 votes.
Less than 1 year
5%
1-4 years
30%
5-9 years
24%
10-19 years
22%
20 years or more
19%

Experience Affects Lending Officer Salaries

Late-Career
▲133%

Experienced
▲26%

National Average
$51,000

Mid-Career
▼13%

Entry-Level
▼29%

Job Satisfaction

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

Gender

Female
69 %
Male
31 %

Years of Experience

Less than 1 year
5%
1-4 years
30%
5-9 years
24%
10-19 years
22%
20 years or more
19%

Common Health Benefits

medical benefits
Medical: 83%
dental benefits
Dental: 83%
vision benefits
Vision: 70%
no benefits
None: 4%