A person working as a Loan Officer in will on average earn $43582 per year (pre-tax value). Salary is provided in USD ($/dollar) value.
Below is a break-down of yearly, monthly, weekly and hourly rate.
| Rate Type | Amount (USD) |
|---|---|
| Yearly salary | $43,582.00 |
| Weekly salary | $838.12 |
| Daily salary | $119.40 |
| Hourly salary | $14.93 |
This means loan officer salary is below average!
Job Industry: banking
Description: A loan officer is responsible for evaluating, approving, and managing loan applications. They work in banks, credit unions, or other financial institutions. Their primary role is to assess the creditworthiness of applicants, analyze financial information, and determine the risk associated with granting a loan. Loan officers also guide applicants through the loan process, explaining terms and conditions, and ensuring compliance with lending regulations. They must possess strong communication and interpersonal skills to build relationships with clients and provide exceptional customer service. Additionally, loan officers monitor loan portfolios, review payment schedules, and address any issues or concerns that may arise during the loan term.
Tagged with: Loan officer, Credit analysis, Financial services, Customer service, Loan processing, Risk assessment