Loan Officer Salary. The national average salary for a loan officer is $56,917 in united states. Salary estimates are based on 3,486 salaries submitted.
Entry level positions start at $32,222 per year while most experienced workers make up to $150,000 per year. Find the average salary for a mortgage loan officer from ladders' database of over 240,000 jobs that pay over 100k. According to the united states bureau of labor statistics, loan officers held about 316,200 jobs in 2018, 81 percent of them being employed in the field of credit. According to indeed , the average loan officer salary is $74,150, with $38,300 of this in the form of commissions. Loan officers evaluate, authorize, or recommend approval of loan applications for people and businesses.dutiesloan officers typically do the following.
How experience affects loan officer salaries.
Learn about salaries, benefits, salary satisfaction and where you could earn the most. The average loan officer salary in usa is $65,042 per year or $33.35 per hour. Ranks number 1 out of 50 states nationwide for loan. A loan officer typically earns between $40,000 and $175,000 annually with a median salary of $79,500. Loan officers evaluate, authorize, or recommend approval of loan applications for people and businesses. The most highly paid loan officers work for automobile dealerships. Other factors such as company size and industry play a role in determining an individual's pay. Home > careers > loan officers: The highest salaries can exceed $82,716. Wages typically start from $29,632 and go up to $111,888. Want a new opportunity where you can earn a higher salary?