How much does a Mortgage Loan Officer III make in Tennessee? The average Mortgage Loan Officer III salary in Tennessee is $87,338 as of February 26, 2024, but the range typically falls between $73,104 and $102,472. 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.

Mortgage Loan Officer III Salaries by Percentile
Percentile Salary Location Last Updated
10th Percentile Mortgage Loan Officer III Salary $60,145 TN February 26, 2024
25th Percentile Mortgage Loan Officer III Salary $73,104 TN February 26, 2024
50th Percentile Mortgage Loan Officer III Salary $87,338 TN February 26, 2024
75th Percentile Mortgage Loan Officer III Salary $102,472 TN February 26, 2024
90th Percentile Mortgage Loan Officer III Salary $116,250 TN February 26, 2024
25% $73,104 10% $60,145 90% $116,250 75% $102,472 $87,338 50%(Median) Didn’t find job title? Click
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What skills does a Mortgage Loan 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.

Futures: Futures are derivative financial contracts obligating the buyer to purchase an asset or the seller to sell an asset at a predetermined future date and set price.

3.

Wholesale: Buying and selling products in large quantities at a lower price to increase profitability through a high sales volume.

Customer Service 3.49%
Futures 0.63%
Wholesale 5.93%
Others 89.95%

Job Description for Mortgage Loan Officer III

Mortgage Loan Officer III solicits and services a variety of residential mortgage loans. Interviews applicants, collects financial data and documents, and makes recommendations regarding the loan products that best meet the borrower's needs. Being a Mortgage Loan Officer III assists buyers in the purchase process through closing. Requires a bachelor's degree. Additionally, Mortgage Loan Officer III typically reports to a manager or head of a unit/department. The Mortgage Loan Officer III contributes to moderately complex aspects of a project. Work is generally independent and collaborative in nature. To be a Mortgage Loan Officer III typically requires 4 to 7 years of related experience. (Copyright 2024 Salary.com)... View full job description

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Job Openings for Mortgage Loan Officer III in Tennessee

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Location Avg. Salary Date Updated
Location Adams, TN Avg. Salary $86,027 Date Updated February 26, 2024
Location Adamsville, TN Avg. Salary $81,167 Date Updated February 26, 2024
Location Afton, TN Avg. Salary $83,180 Date Updated February 26, 2024
Location Alamo, TN Avg. Salary $87,376 Date Updated February 26, 2024
Location Alcoa, TN Avg. Salary $87,078 Date Updated February 26, 2024
Location Alexandria, TN Avg. Salary $87,912 Date Updated February 26, 2024
Location Allardt, TN Avg. Salary $86,502 Date Updated February 26, 2024
Location Allons, TN Avg. Salary $87,207 Date Updated February 26, 2024
Location Allred, TN Avg. Salary $86,502 Date Updated February 26, 2024
Location Alpine, TN Avg. Salary $86,502 Date Updated February 26, 2024

Career Path for Mortgage Loan 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 Mortgage Loan Officer III, the first career path typically starts with a Mortgage Lending Assistant Manager position, and then progresses to Mortgage Lending Branch Manager.

Additionally, the second career path typically progresses to Secondary Market Manager.

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Mortgage Loan Officer III Salary in Tennessee
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