Loan Officer Salary in United States

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Average Salary for Loan Officer in United States

The average salary of a(n) Loan Officer in United States is $63,284.

The average hourly rate of a(n) Loan Officer in United States is $30.43.

The average bonus of a(n) Loan Officer in United States is $2,196.00.

Job Description:

Talks with applicants and requests specified information for loan application. Examines, assesses, and okays or recommends approval of customer applications for lines or extension of lines of credit, commercial loans, real estate loans, consumer credit loans, or credit card accounts. Analyzes applicants' financial status, credit, and property evaluation to determine feasibility of granting loan or submits application to credit analysis department for verification and recommendation. Corresponds with or interviews applicants or creditors to resolve questions regarding application information. Approves loan within specified limits or refers loan to loan committee for approval. Ensures loan agreements are complete and accurate according to policy. May confer with loan underwriting department to aid in resolving mortgage application problems. May analyze potential loan markets to develop prospects for loans. May solicit and negotiate conventional or government secured loans on commission basis. May specialize by type of lending activity. May supervise loan personnel. Less

Talks with applicants and requests specified information for loan application. Examines, assesses, and okays or recommends approval of customer applications for lines or extension of lines of credit, commercial loans, real estate loans, consumer credit loans, or credit card accounts.... More

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Texas State Mortgage License. Most loans are about 250-400 in size so you will need to fund about one loan per week. Required license or certification:....

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