Updated Dec 13, 2021

How much does a Loan Officer/Senior Loan Officer make?

Updated Dec 13, 2021

Experience

$209,256 / yrTotal Pay
$142,914 / yrBase Pay
$66,342 / yrAdditional Pay

$209,256

 / yr
$91K$766K
Most Likely Range
Possible Range

The estimated total pay for a Loan Officer/Senior Loan Officer is $209,256 per year in the United States area, with an average salary of $142,914 per year. These numbers represent the median, which is the midpoint of the ranges from our proprietary Total Pay Estimate model and based on salaries collected from our users. The estimated additional pay is $66,342 per year. Additional pay could include cash bonus, commission, tips, and profit sharing. The "Most Likely Range" represents values that exist within the 25th and 75th percentile of all pay data available for this role.

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What is the total pay trajectory for Senior Loan Officer?
$209,256 /yr
Senior Loan Officer
$113,881 /yr
Lead Loan Officer
No Salary Reports
Principal Loan Officer
See Full Career Path

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What are total pay estimates for a Loan Officer/Senior Loan Officer at different companies?

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Average Base Salary in (USD)

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Homestead Financial Mortgage
4.7

Homestead Financial Mortgage

Loan Officer/Senior Loan Officer
About 

$24K -$125K

$24K

$125K

$23,867 - $125,479 Range

Homie
3.4

Homie

Loan Officer/Senior Loan Officer

$58K

$62K

$57,503 - $61,818 Range

Supreme Lending
3.7

Supreme Lending

Loan Officer/Senior Loan Officer - Hourly

$20

$22

$20 - $22 Range

Paramount Residential Mortgage Group
4.2

Paramount Residential Mortgage Group

Loan Officer/Senior Loan Officer

$88K

$95K

$87,867 - $94,828 Range

Gravity Lending
4.7

Gravity Lending

Loan Officer/Senior Loan Officer
About 

$44K -$47K

$44K

$47K

$43,881 - $47,165 Range

American Financial Network
4.2

American Financial Network

Loan Officer/Senior Loan Officer

$25K

$28K

$25,440 - $27,554 Range

PacTrans FCU
1.8

PacTrans FCU

Loan Officer/Senior Loan Officer

$69K

$75K

$69,309 - $74,887 Range

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Hershey State Bank

Loan Officer/Senior Loan Officer
About 

$73K -$78K

$73K

$78K

$73,169 - $78,415 Range

Spring EQ
3.6

Spring EQ

Loan Officer/Senior Loan Officer

$40K

$44K

$39,926 - $43,863 Range

BCS
3.3

BCS

Loan Officer/Senior Loan Officer

$97K

$105K

$97,145 - $105,095 Range

ML Mortgage

Loan Officer/Senior Loan Officer
About 

$96K -$103K

$96K

$103K

$95,820 - $103,189 Range

CBM Mortgage
4.8

CBM Mortgage

Loan Officer/Senior Loan Officer - Monthly

$5K

$6K

$5,170 - $5,543 Range

Obsidian Financial Services
3.0

$166,589

 /yr
Range: $72K - $347K

$72K

$347K

$72,280 - $347,060 Range

OneMain Financial
3.4

OneMain Financial

Personal Loan Specialist

$39,214

 /yr
Range: $31K - $54K

$31K

$54K

$30,668 - $54,481 Range

Rocket Companies
3.4

Rocket Companies

Mortgage Loan Officer

$31,701

 /yr
Range: $20K - $196K

$20K

$196K

$20,000 - $196,450 Range

Wells Fargo
3.6

Wells Fargo

Mortgage Loan Processor

$51,347

 /yr
Range: $35K - $87K

$35K

$87K

$34,611 - $87,213 Range

Wells Fargo
3.6

Wells Fargo

Loan Processor

$49,275

 /yr
Range: $33K - $76K

$33K

$76K

$33,318 - $75,872 Range

Bank of America
4.0

Bank of America

Mortgage Loan Officer

$41,785

 /yr
Range: $1 - $140K

$1

$140K

$1 - $140,258 Range

Royal United Mortgage
4.0

$38,774

 /yr
Range: $27K - $348K

$27K

$348K

$26,975 - $347,997 Range

Aerotek
3.5

Aerotek

Loan Processor

$54,578

 /yr
Range: $36K - $125K

$36K

$125K

$35,539 - $125,430 Range

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Viewing 1 - 10 of 46,053

Recent User Submitted Salaries for Senior Loan Officer in United States of America

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$60,000

/yrAvg Base Salary

9 days ago by a Senior Loan Officer with 4 to 6 years of experience

$90,000

/yrAvg Base Salary

12 days ago by a Senior Home Lending Advisor with 1 to 3 years of experience

$15

/hrAvg Base Salary

13 days ago by a Senior Loan Officer with 4 to 6 years of experience

$30,000

/yrAvg Base Salary

13 days ago by a Senior Loan Officer with 4 to 6 years of experience

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$65,000

/yrAvg Base Salary

13 days ago by a Sr. Loan Officer with 10 to 14 years of experience

$72,000

/yrAvg Base Salary

15 days ago by a Sr. Loan Officer with more than 15 years of experience

$26,000

/yrAvg Base Salary

16 days ago by a Senior Loan Officer with 1 to 3 years of experience

$4,000

/moAvg Base Salary

16 days ago by a Senior Loan Officer with less than one year of experience

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Frequently asked questions about a Loan Officer/Senior Loan Officer salaries

The national average salary for a Loan Officer/Senior Loan Officer is $44,957 per year in United States. Filter by location to see a Loan Officer/Senior Loan Officer salaries in your area. Salaries estimates are based on 5 salaries submitted anonymously to Glassdoor by a Loan Officer/Senior Loan Officer employees.

The highest salary for a Loan Officer/Senior Loan Officer in United States is $113,231 per year.

The lowest salary for a Loan Officer/Senior Loan Officer in United States is $17,850 per year.

If you are thinking of becoming a Loan Officer/Senior Loan Officer or planning the next step in your career, find details about the role, the career path and salary trajectory of a Loan Officer/Senior Loan Officer.