How much does a Construction Loan Officer earn in the United States? The average Construction Loan Officer salary in the United States is $90,093 as of March 28, 2019, but the range typically falls between $75,000 and $110,131. Salary ranges can vary widely depending on many important factors, including education, certifications, additional skills, the number of years you have spent in your profession. With more online, real-time compensation data than any other website, Salary.com helps you determine your exact pay target. View Cost of Living in Major Cities
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. Occasionally directed in several aspects of the work. Gaining exposure to some of the complex tasks within the job function. Typically requires 2 -4 years of related experience.
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Includes bonus, healthcare, and retirement
2 - 4 years experience
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