Top Business Loan Officer Salary Pictures. The average loan officer salary in the united states is $67,169 as of november 25, 2020, but the salary range typically falls between $58,749 and $76,169. Loan officers can work with a wide variety of lending products for both consumers and businesses.
How Much Money Can a Loan Officer Make a Year? | Bizfluent from img-aws.ehowcdn.com Loan officers evaluate and authorize approval of business, real estate, or credit loans. Salary information and advice for loan officer at us news best jobs. For those who stay in the branch and handle loan requests that come if the loan officer will be specializing in commercial loans, the loan officer will likely be required to have a bachelor's degree in business or accounting.
Another simple way to increase your salary as a loan officer is to move to a higher paying state.
Find out what a business banking officer earns in different cities and companies. Because commercial loan officers analyze the finances of businesses applying for credit, they need to understand general business accounting, including how to read financial statements. Just as with other sales jobs, some people make a great deal of money loan officers working for commercial banks are generally paid on a different basis, receiving a base salary plus a bonus of between.25% and.60. Loan officers handle all responsibilities related to providing loans to both consumers and businesses.
