Average Loan Officer Salary

$48,775
Avg. Base Salary (USD)
10%
$33k
MEDIAN
$49k
90%
$75k

The average salary for a Loan Officer is $48,775

Base Salary
$33k - $75k
Bonus
$509 - $14k
Profit Sharing
$505 - $9k
Commission
$1k - $92k
Total Pay
$31k - $78k
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What Do Loan Officers Do?

Loan Officer Tasks
  • 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.
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Job Satisfaction for Loan Officer

4 out of 5
(316)
Highly Satisfied
32Reviews
Based on 316 responses, the job of Loan Officer has received a job satisfaction rating of 3.98 out of 5. On average, Loan Officers are highly satisfied with their job.

Gender Breakdown

Female
55.4%
Male
44.1%
Prefer to self-define
0.5%
This data is based on 819 survey responses. Learn more about the gender pay gap.

Common Health Benefits

Medical

82%

Dental

70%

Vision

61%

None

17%