How much does a Lending Officer III make in Iowa? The average Lending Officer III salary in Iowa is $95,186 as of February 26, 2024, but the range typically falls between $85,651 and $106,703. Salary ranges can vary widely depending on the city and many other important factors, including education, certifications, additional skills, the number of years you have spent in your profession.

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Lending Officer III Salaries by Percentile
Percentile Salary Location Last Updated
10th Percentile Lending Officer III Salary $76,969 IA February 26, 2024
25th Percentile Lending Officer III Salary $85,651 IA February 26, 2024
50th Percentile Lending Officer III Salary $95,186 IA February 26, 2024
75th Percentile Lending Officer III Salary $106,703 IA February 26, 2024
90th Percentile Lending Officer III Salary $117,188 IA February 26, 2024
25% $85,651 10% $76,969 90% $117,188 75% $106,703 $95,186 50%(Median) Didn’t find job title? Click
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What skills does a Lending Officer III need?

Each competency has five to ten behavioral assertions that can be observed, each with a corresponding performance level (from one to five) that is required for a particular job.

1.

Customer Service: Customer service is the provision of service to customers before, during and after a purchase. The perception of success of such interactions is dependent on employees "who can adjust themselves to the personality of the guest". Customer service concerns the priority an organization assigns to customer service relative to components such as product innovation and pricing. In this sense, an organization that values good customer service may spend more money in training employees than the average organization or may proactively interview customers for feedback. From the point of view of an overall sales process engineering effort, customer service plays an important role in an organization's ability to generate income and revenue. From that perspective, customer service should be included as part of an overall approach to systematic improvement. One good customer service experience can change the entire perception a customer holds towards the organization.

2.

Customer Satisfaction: Customer satisfaction (often abbreviated as CSAT, more correctly CSat) is a term frequently used in marketing. It is a measure of how products and services supplied by a company meet or surpass customer expectation. Customer satisfaction is defined as "the number of customers, or percentage of total customers, whose reported experience with a firm, its products, or its services (ratings) exceeds specified satisfaction goals." The Marketing Accountability Standards Board (MASB) endorses the definitions, purposes, and constructs of classes of measures that appear in Marketing Metrics as part of its ongoing Common Language in Marketing Project. In a survey of nearly 200 senior marketing managers, 71 percent responded that they found a customer satisfaction metric very useful in managing and monitoring their businesses. It is seen as a key performance indicator within business and is often part of a Balanced Scorecard. In a competitive marketplace where businesses compete for customers, customer satisfaction is seen as a key differentiator and increasingly has become a key element of business strategy.

3.

Purchasing: Purchasing refers to a business or organization attempting to acquire goods or services to accomplish its goals. Although there are several organizations that attempt to set standards in the purchasing process, processes can vary greatly between organizations. Typically the word “purchasing” is not used interchangeably with the word “procurement”, since procurement typically includes expediting, supplier quality, and transportation and logistics (T&L) in addition to purchasing.

Customer Service 6.23%
Customer Satisfaction 2.56%
Purchasing 1.43%
Others 89.78%

Job Description for Lending Officer III

Lending Officer III conducts lending activities for an assigned market or geographic area. Develops a pipeline of customers through referrals, inquiries, and outreach. Being a Lending Officer III performs a due diligence review of potential borrowers, including a risk and financial analysis. Structures loan proposals, prepares credit memos, and presents to loan committee for approval. Additionally, Lending Officer III manages a portfolio of existing loans, including reviewing financial reporting, monitoring compliance with loan terms, and handling loan modifications or workouts. Ensures adherence to regulations, bank credit policies, and procedures. Typically requires a bachelor's degree. Typically reports to a manager. The Lending Officer III work is generally independent and collaborative in nature. Contributes to moderately complex aspects of a project. To be a Lending Officer III typically requires 4 -7 years of related experience. (Copyright 2024 Salary.com)... View full job description

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Job Openings for Lending Officer III in Iowa

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Location Avg. Salary Date Updated
Location Ackley, IA Avg. Salary $89,117 Date Updated February 26, 2024
Location Ackworth, IA Avg. Salary $95,636 Date Updated February 26, 2024
Location Adair, IA Avg. Salary $95,158 Date Updated February 26, 2024
Location Adel, IA Avg. Salary $95,397 Date Updated February 26, 2024
Location Afton, IA Avg. Salary $95,158 Date Updated February 26, 2024
Location Agency, IA Avg. Salary $94,715 Date Updated February 26, 2024
Location Ainsworth, IA Avg. Salary $94,271 Date Updated February 26, 2024
Location Akron, IA Avg. Salary $85,509 Date Updated February 26, 2024
Location Albert City, IA Avg. Salary $85,449 Date Updated February 26, 2024
Location Albia, IA Avg. Salary $95,158 Date Updated February 26, 2024

Career Path for Lending Officer III

A career path is a sequence of jobs that leads to your short- and long-term career goals. Some follow a linear career path within one field, while others change fields periodically to achieve career or personal goals.

For Lending Officer III, the first career path typically progresses to Construction Loan Manager.

The second career path typically progresses to Middle Market Lending Manager.

The third career path typically starts with a Vice President of Lending position, and then progresses to Chief Lending Officer.

Additionally, the fourth career path typically progresses to SBA Banking Manager.

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Lending Officer III Salary in Iowa
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