Alternate Job Titles: Construction Lending Officer, Construction Loan Officer
How much does a Construction Loan Officer make? The median annual Construction Loan Officer salary is $87,207, as of September 27, 2017, with a range usually between $72,605-$106,603, however this can vary widely depending on a variety of factors. Our team of Certified Compensation Professionals has analyzed survey data collected from thousands of HR departments at companies of all sizes and industries to present this range of annual salaries for people with the job title Construction Loan Officer in the United States.
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This chart describes the expected percentage of people who perform the job of Construction Loan Officer in the United States that make less than that annual salary. For example the median expected annual pay for a typical Construction Loan Officer in the United States is $87,207, so 50% of the people who perform the job of Construction Loan Officer in the United States are expected to make less than $87,207.
Source: HR Reported data as of September 27, 2017
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This chart describes the expected percentage of people who perform the job of Construction Loan Officer that make less than that salary. For example 50% of the people who perform the job of Construction Loan Officer are expected to make less than the median.
Source: HR Reported data as of October 2017
Develops relationships with builders and developers in order to source, solicit and sell construction loans. Interviews applicants, analyzes applicant's credit and financial status and obtains property appraisals to determine feasibility of granting loan. Recommends loan terms and conditions and ensures loan agreements are complete and accurate according to policy Approves loan within established limits or refers to loan to loan committee for approval. May be responsible for disbursing loan proceeds based on the completion of designated project milestones. Requires a bachelor's degree . Typically reports to a manager. Gaining exposure to some of the complex tasks within the job function. Occasionally directed in several aspects of the work. Typically requires 2 to 4 years of related experience. View full job description