A Loan Officer can expect a yearly competitive salary of
$122,750.50
A Loan Officer, or Commercial Loan Officer works with financial institutions and money lenders. Their primary duties include developing and maintaining relationships with borrowers, evaluating various loan applications and managing loan portfolios.
A competitive salary means that the salary being offered is equal to or more than the industry average for similar positions in the same location.
So although the salary isn’t specifically detailed – that doesn’t mean you can’t estimate a ballpark figure based on your own research. Using websites that allow you to search for competitive salaries depending on your job title is a great start, but we highly recommend you ask the employer in your first meeting the rough salary that's being offered for this role.
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