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Visit payscale to research loan officer salaries by city experience skill employer and more. Employment of loan officers is projected to increase a little faster than average for all occupations from 2016 through 2026 at about 11. The total cash compensation which includes base and annual incentives can vary anywhere from 61158 to 83721 with the average total cash compensation of 71767.
average loan officer salary

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Topping the list is massachusetts with hawaii and connecticut close behind in second and third.

Ryan the office. However a cnn money report determines the average loan officer salary is 64660 with a large range between the high and low side. The average salary for a loan officer is 48333. Connecticut beats the national average by 63 and massachusetts furthers that trend with another 5884 80 above the 73756.

How much does a loan officer make. Salary estimates are based on 2414 salaries submitted anonymously to glassdoor by loan officer employees. According to indeed the average loan officer salary is 74150 with 38300 of this in the form of commissions.

The national average salary for a loan officer is 45596 in united states. This field is heavily dependent on the current state of the economy however and growth can shift from field to field. Loan officers salaries vary depending upon the industry of employment.

The average salary for a loan officer is 149725 per year in the united states and 24000 commission per year. Weve identified ten states where the typical salary for a mortgage loan officer job is above the national average. The biggest employer for loan officers the industry of credit intermediation and related activities offered them an average annual salary of 75070.

Filter by location to see loan officer salaries in your area. Loan officer salaries vary by career path but hard work is typically rewarded. According to the bureau of labor statistics the lowest 10 of.

An entry level mortgage loan officer with less than 1 year experience can expect to earn an average total compensation includes tips bonus and overtime pay of 36588 based on 43 salaries. Loan officer salaries the average yearly salary for a loan officer in 2019 was 73650 per year according to the jobs website indeed. The base salary for loan officer ranges from 58749 to 76169 with the average base salary of 67169.

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