Loan Officer with Consumer Loans Skills Salary

A Loan Officer with Consumer Loans skills earns an average salary of $42,045 per year. People in this job generally don't have more than 20 years' experience. For the first five to ten years in this position, pay increases somewhat, but any additional experience does not have a big effect on pay.

$30,957 - $62,315
$31K
$43K
$62K
MEDIAN: $42,573
10%
50%
90%

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$12.11 - $21.89
$12
$16
$22
MEDIAN: $16.45
10%
50%
90%

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$0$62K
Salary $30,957 - $62,315
Bonus $197.83 - $8,118
Profit Sharing $0.00 - $7,047
Commission $496.65 - $24,468
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).
)
$28,683 - $61,306
  • Country: United States
  • Currency: USD
  • Updated: 15 Oct 2017
  • Individuals Reporting: 406
Hourly Data $0$35
Hourly Rate $12.11 - $21.89
Overtime $16.81 - $35.57
Annual Data $0$61K
Bonus $197.83 - $8,118
Commission $496.65 - $24,468
Profit Sharing $0.00 - $7,047
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).
)
$28,683 - $61,306
  • Country: United States
  • Currency: USD
  • Updated: 15 Oct 2017
  • Individuals Reporting: 319

Loan Officer Job Listings

Pay by Experience Level for Loan Officer

Pay by Experience for a Loan Officer has a positive trend. An entry-level Loan Officer with less than 5 years of experience can expect to earn an average total compensation of $37,000 based on 363 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A 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 $42,000 based on 191 salaries. An experienced Loan Officer which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $44,000 based on 171 salaries. A 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 68 salaries.

Key Stats for Loan Officer

Gender

Female
56 %
Male
44 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 187 votes.
Less than 1 year
2%
1-4 years
46%
5-9 years
20%
10-19 years
21%
20 years or more
10%

Experience Affects Loan Officer Salaries

Late-Career
▲11%

Experienced
▲8%

Mid-Career
▲3%

National Average
$41,000

Entry-Level
▼9%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 187 votes.

Gender

Female
56 %
Male
44 %

Years of Experience

Less than 1 year
2%
1-4 years
46%
5-9 years
20%
10-19 years
21%
20 years or more
10%

Common Health Benefits

medical benefits
Medical: 85%
dental benefits
Dental: 69%
vision benefits
Vision: 55%
no benefits
None: 13%