Loan Officer Salary

The most highly paid loan officers work for automobile dealerships. The median wage is the wage at which half the workers in an occupation earned more than that amount and half earned less.

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Salaries estimates are based on 3662 salaries submitted anonymously to Glassdoor by Loan Officer.

Loan officer salary. Loan officer salaries vary by career path but hard work is typically rewarded. The average salary for a loan officer is 181988 per year in the United States and 24000 commission per year. A Loan Officer in your area makes on average 70569 per year or 1632 2 more than the national average annual salary of 68937.

The average Loan Officer salary in Michigan is 67340 as of December 28 2020 but the range typically falls between 58899 and 76362. Similar to any other job their salary will increase as they gain experience. Apply to Loan Officer Junior Loan Officer and more.

Salary estimates are based on 3629 salaries submitted anonymously to Glassdoor by Loan Officer employees. Loan Officer Salary 2018 76270. The national average salary for a Loan Officer is 57027 in United States.

Financial Advisors made 119290 Financial Analysts made. Bureau of Labor Statistics. 33650 to 45540 per year.

1 These financial professionals must have a bachelors degree and increasingly a. The total cash compensation which includes base and annual incentives can vary anywhere from 61902 to 84745 with the average total cash compensation of 72642. Some employers will require you to have a.

The lowest 10 percent earned less than 33650 and the highest 10 percent earned more than 133850. Becoming a Loan Officer. Filter by location to see Loan Officer salaries in your area.

Loan officers salaries can depend on their employers and the scope of their responsibilities. Discover how your pay is adjusted for skills experience and other factors. Keep in mind that salary ranges can vary widely depending on many important factors including position education certifications additional skills and the number of years you.

More than 132080 6350hour Bottom 10 Annual Salary. Comparable jobs earned the following average salary in 2019. Just in case you need a simple salary calculator that works out to be approximately 3546 an hour.

An entry-level Loan Officer with less than 1 year experience can expect to earn an average total compensation includes tips bonus and overtime pay of 42889. See Full Salary Details How to Become a Loan. The average salary for a Loan Officer is 56860 per year in United States.

According to Indeed the average loan officer salary is 74150 with 38300 of this in the form of commissions. Loan Officers made a median salary of 63270 in 2019. This is the equivalent of 1418week or 6146month.

As of Jun 27 2021 the average annual pay for a Mortgage Loan Officer in the United States is 73756 a year. However a CNN Money report determines the average loan officer salary is 64660 with a large range between the high and low side. Salary ranges can vary widely depending on the city and many other important factors including education certifications additional skills the number of years you have spent in your profession.

The base salary for Loan Officer ranges from 59465 to 77097 with the average base salary of 67989. The median annual wage for loan officers was 63960 in May 2020. The range for our most popular Mortgage Loan Officer positions listed below typically falls between 30782 and 161113.

Less than 31870 1532hour. Entry-level Loan Officers with little to no experience can expect to make anywhere between 33650 to 45540 per year or 16 to 22 per hour. The average Mortgage Loan Officer salary in the United States is 95947 as of June 28 2021.

63040 3031hour Top 10 Annual Salary. Loan Officers earned an average salary of 76200 in 2019. Ranks number 1 out of 50 states nationwide for Loan Officer salaries.

The best-paid 25 percent made 92960 that year while the lowest-paid 25 percent made 44840. 16 to 22 per hour.

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