Loan Officer Salaries

3,414 SalariesUpdated May 5, 2021

Average Base Pay
$56,668 / yr
Not enough reports to show salary distribution
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Additional Cash Compensation

AverageNo Reports
RangeNo Reports

How much does a Loan Officer make?

The national average salary for a Loan Officer is $56,668 in United States. Filter by location to see Loan Officer salaries in your area. Salary estimates are based on 3,414 salaries submitted anonymously to Glassdoor by Loan Officer employees.

Salaries for Related Job Titles

Commercial Loan Officer$73K
Sales$56K
Teller$29K

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Salaries by Company

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Average Base Salaries in (USD)
Company
Average Base Salaries in (USD)
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High

Loan Officer

Obsidian Financial Services

$153,873/yr

Range: $154K - $321K

346 salaries

$153,873/yr
$154K$321K

Loan Officer

Bank of America

$41,532/yr

Range: $24K - $66K

126 salaries

$41,532/yr
$24K$66K

Loan Officer

PNC Financial Services Group

$35,506/yr

Range: $25K - $82K

78 salaries

$35,506/yr
$25K$82K

Loan Officer

New American Funding

$47,393/yr

Range: $16K - $196K

77 salaries

$47,393/yr
$16K$196K

Loan Officer

Wells Fargo

$47,110/yr

Range: $27K - $109K

66 salaries

$47,110/yr
$27K$109K

Loan Officer

loanDepot

$29,473/yr

Range: $17K - $222K

63 salaries

$29,473/yr
$17K$222K

Loan Officer

NEXA Mortgage

$323,134/yr

Range: $75K - $327K

62 salaries

$323,134/yr
$75K$327K

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Loan Officer

Freedom Mortgage

$40,000/yr

Range: $32K - $101K

62 salaries

$40,000/yr
$32K$101K

Loan Officer

Fairway Independent Mortgage

$60,267/yr

Range: $19K - $167K

44 salaries

$60,267/yr
$19K$167K

Loan Officer

US Small Business Administration

$48,432/yr

Range: $37K - $98K

39 salaries

$48,432/yr
$37K$98K

Loan Officer

Paramount Residential Mortgage Group

$69,243/yr

Range: $28K - $128K

39 salaries

$69,243/yr
$28K$128K

Loan Officer

Citizens

$48,368/yr

Range: $27K - $55K

39 salaries

$48,368/yr
$27K$55K

Loan Officer - Hourly

American Advisors Group

$11/hr

Range: $8 - $51

38 salaries

$11/hr
$8$51

Loan Officer

OneMain Financial

$36,755/yr

Range: $30K - $47K

36 salaries

$36,755/yr
$30K$47K

Loan Officer

Veterans United Home Loans

$62,091/yr

Range: $34K - $133K

35 salaries

$62,091/yr
$34K$133K

Loan Officer

Cardinal Financial Company

$38,597/yr

Range: $25K - $186K

35 salaries

$38,597/yr
$25K$186K

Loan Officer

Homeside Financial

$60,263/yr

Range: $19K - $105K

34 salaries

$60,263/yr
$19K$105K

Loan Officer

PennyMac

$30,706/yr

Range: $29K - $52K

32 salaries

$30,706/yr
$29K$52K

Loan Officer

Mountain America Credit Union

$36,338/yr

Range: $32K - $52K

30 salaries

$36,338/yr
$32K$52K

Loan Officer

Bank Of Hope

$51,028/yr

Range: $38K - $73K

29 salaries

$51,028/yr
$38K$73K

Recent Salary Reports

Below are the most recent loan officer salary reports. Employer name has been removed to protect anonymity.

$21
hourly
A Collateral Specialist in the San Francisco, CA Area area reported making $21 per hour
Job Highlights
1-2 years experience
San Francisco, CA Area area
Full-time
 
1001 to 5000 employees
Company - Private
$50,000
per year
A Mortgage Loan Officer in the Riverside, CA Area area reported making $50,000 per year
Job Highlights
1-2 years experience
Riverside, CA Area area
Full-time
 
10000+ employees
Company - Public
$150,000
per year
A Credit Administration Officer in the Provo, UT Area area reported making $150,000 per year
Additional Pay
$45k cash bonus
$15k stock bonus
$10k profit sharing
Job Highlights
10+ years experience
Provo, UT Area area
Full-time
 
201 to 500 employees
Company - Public
$30,000
per year
A Mortgage Loan Officer in the Columbus, OH Area area reported making $30,000 per year
Additional Pay
$100k commissions
Job Highlights
3-4 years experience
Columbus, OH Area area
Full-time
 
501 to 1000 employees
Company - Public
$30,000
per year
A Mortgage Loan Officer in the Columbus, OH Area area reported making $30,000 per year
Additional Pay
$100k commissions
Job Highlights
1-2 years experience
Columbus, OH Area area
Full-time
 
501 to 1000 employees
Company - Public
$40,000
per year
A Mortgage Loan Officer in the Omaha, NE Area area reported making $40,000 per year
Job Highlights
10+ years experience
Omaha, NE Area area
Full-time
 
5001 to 10000 employees
College / University
$14
hourly
A Mortgage Loan Officer in the Detroit, MI Area area reported making $14 per hour
Additional Pay
$4k commissions
Job Highlights
Detroit, MI Area area
Full-time
 
501 to 1000 employees
Company - Private
$36,000
per year
A Loan Originator in the Phoenix, AZ Area area reported making $36,000 per year
Additional Pay
$250k commissions
Job Highlights
8-10 years experience
Phoenix, AZ Area area
Full-time
 
51 to 200 employees
Company - Private