How much does a Lending Officer make in the United States?
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The average Lending Officer salary in the United States is $162,232 as of March 26, 2024. The range for our most popular Lending Officer positions (listed below) typically falls between $47,128 and $277,336. Keep in mind that salary ranges can vary widely depending on many important factors, including position, education, certifications, additional skills, and 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.
Lending Officer's Annual Base Salary
| Job Title | Salary | Hourly Rate | Location | Date Updated |
| Chief Lending Officer | $229,708 | $110.44 | United States | March 26, 2024 |
| Lending Officer I | $55,068 | $26.47 | United States | March 26, 2024 |
| Lending Officer II | $76,680 | $36.87 | United States | March 26, 2024 |
| Lending Officer III | $99,735 | $47.95 | United States | March 26, 2024 |
| Construction Loan Officer | $108,231 | $52.03 | United States | March 26, 2024 |
| Community Reinvestment Officer | $90,526 | $43.52 | United States | March 26, 2024 |
| Consumer Loan Officer III | $65,221 | $31.36 | United States | March 26, 2024 |
| Consumer Loan Officer II | $53,562 | $25.75 | United States | March 26, 2024 |
| Commercial Real Estate Loan Officer I | $87,159 | $41.90 | United States | March 26, 2024 |
| Commercial Real Estate Loan Officer II | $112,290 | $53.99 | United States | March 26, 2024 |
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Leads and directs the organization's overall lending operations, policies, and loan portfolio management. Defines the vision for short-term and long-term loan production, growth, and service objectives. Develops the strategy, tactics, and performance goals required to achieve targeted financial results. Creates relationships with key stakeholders, including regulators, examiners, and other external partners. Establishes policies and procedures that comply with state and federal regulations. Builds a high-performance lending team with coaching and professional development. Requires a bachelor's degree. Typically reports to top management. Manages a business unit, division, or corporate function with major organizational impact. Establishes overall direction and strategic initiatives for the given major function or line of business. Has acquired the business acumen and leadership experience to become a top function or division head. View Chief Lending Officer SalaryAlternate Job Titles:Chief Lending and Credit Officer, Chief Lending Officer
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Conducts lending activities for an assigned market or geographic area. Develops a pipeline of customers through referrals, inquiries, and outreach. 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. May manage 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. Work is closely managed. Works on projects/matters of limited complexity in a support role. Typically requires 0-2 years of related experience. View Lending Officer I SalaryAlternate Job Titles:Entry Lending Officer, Loan Officer I, Lending Officer I
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Conducts lending activities for an assigned market or geographic area. Develops a pipeline of customers through referrals, inquiries, and outreach. 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. May manage 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. 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. View Lending Officer II SalaryAlternate Job Titles:Intermediate Lending Officer, Loan Officer II, Lending Officer II
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Conducts lending activities for an assigned market or geographic area. Develops a pipeline of customers through referrals, inquiries, and outreach. 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. 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. Work is generally independent and collaborative in nature. Contributes to moderately complex aspects of a project. Typically requires 4 -7 years of related experience. View Lending Officer III SalaryAlternate Job Titles:Loan Officer III, Senior Lending Officer, Lending Officer III
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Sources and structures construction loans. Performs a due diligence review of potential borrowers, including risk and financial analysis. Analyzes applicants' credit and financial status and obtains property appraisals to determine the feasibility of granting loans. Develops relationships with builders and developers to obtain referrals and future lending opportunities. Structures construction loan terms and conditions according to policies. Approves loans within authorized limits or refers them to a loan committee for approval. May disburse loan proceeds at designated project mile. 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. View Construction Loan Officer SalaryAlternate Job Titles:Construction Lending Officer, Construction Loan Officer
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Oversees the bank's CRA Programs and policies to ensure compliance with federal Community Reinvestment Act banking regulations to meet the credit needs of the area's low to moderate-income populations. Serves as the subject matter expert of CRA laws, rules, and regulations by maintaining a deep and up-to-date knowledge of regulatory requirements, proposed legislation, and announcements. Reviews and analyzes lending activity data and practices to ensure compliance with CRA policies. Develops, implements, and administers the overall corporate CRA plan and localized or remedial plans with guidelines and standards to assist with compliance. Advises management and coordinates with legal staff on the potential impact of actions. Coordinates and delivers reports to bank leadership and regulatory agencies. Ensures the bank has a positive and visible role in community economic development activities, events, and initiatives. Requires a bachelor's degree or equivalent. Typically reports to a director. Work is generally independent and collaborative in nature. Contributes to moderately complex aspects of a project. Typically requires 4 -7 years of related experience. View Community Reinvestment Officer SalaryAlternate Job Titles:Community Development Lending Officer, Community Reinvestment OfficerCategory : Financial Services
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Develops and services consumer loans. Interviews loan applicants to determine financing needs and to offer the appropriate loan products and repayment arrangements. Evaluates loan applications and applicant creditworthiness. Once a loan is approved and negotiated, monitors loan payments, and provides customer service to ensure the borrower's questions are answered and needs are met, and that the loan is repaid appropriately. Maintains accurate and thorough records, and follows all applicable organizational, state, and federal policies and regulations. Requires a high school diploma. Typically reports to a manager or head of a unit/department. Works independently within established procedures associated with the specific job function. Has gained proficiency in multiple competencies relevant to the job. Typically requires 3-5 years of related experience. View Consumer Loan Officer III SalaryAlternate Job Titles:Consumer Lending Officer II, Intermediate Consumer Loan Officer, Consumer Loan Officer III
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Develops and services consumer loans. Interviews loan applicants to determine financing needs and to offer the appropriate loan products and repayment arrangements. Evaluates loan applications and applicant creditworthiness. Once a loan is approved and negotiated, monitors loan payments, and provides customer service to ensure the borrower's questions are answered and needs are met, and that the loan is repaid appropriately. Maintains accurate and thorough records, and follows all applicable organizational, state, and federal policies and regulations. Requires a high school diploma. Typically reports to a manager or head of a unit/department. Works under moderate supervision. Gaining or has attained full proficiency in a specific area of discipline. Typically requires 1-3 years of related experience. View Consumer Loan Officer II SalaryAlternate Job Titles:Consumer Lending Officer I, Entry Consumer Loan Officer, Consumer Loan Officer II
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Solicits, structures, and services a variety of commercial real estate loans. Works mostly with moderately large and complex real estate loans including investments, development, and construction loans. Evaluates loan applicants and reviews appraisals, credit reports, and other information necessary to evaluate deals. Develops and maintains relationships and communication with current and potential borrowers. Coordinates with credit analysts to ensure the accuracy and completeness of loan analysis and documentation. Requires a bachelor's degree. Typically reports to a manager or head of a unit/department. Work is closely managed. Works on projects/matters of limited complexity in a support role. Typically requires 0-2 years of related experience. View Commercial Real Estate Loan Officer I SalaryAlternate Job Titles:Commercial Real Estate Lending Officer I, Loan Officer, Entry - Commercial Real Estate, Commercial Real Estate Loan Officer I
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Solicits, structures, and services a variety of commercial real estate loans. Works mostly with moderately large and complex real estate loans including investments, development, and construction loans. Evaluates loan applicants and reviews appraisals, credit reports, and other information necessary to evaluate deals. Develops and maintains relationships and communication with current and potential borrowers. Coordinates with credit analysts to ensure the accuracy and completeness of loan analysis and documentation. Requires a bachelor's degree. Typically reports to a manager or head of a unit/department. 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. View Commercial Real Estate Loan Officer II SalaryAlternate Job Titles:Commercial Real Estate Lending Officer II, Loan Officer, Experienced - Commercial Real Estate, Commercial Real Estate Loan Officer II