How much does a Construction Loan Officer make in Ohio? The average Construction Loan Officer salary in Ohio is $105,892 as of February 26, 2024, but the range typically falls between $80,925 and $126,104. 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.

Construction Loan Officer Salaries by Percentile
Percentile Salary Location Last Updated
10th Percentile Construction Loan Officer Salary $58,194 OH February 26, 2024
25th Percentile Construction Loan Officer Salary $80,925 OH February 26, 2024
50th Percentile Construction Loan Officer Salary $105,892 OH February 26, 2024
75th Percentile Construction Loan Officer Salary $126,104 OH February 26, 2024
90th Percentile Construction Loan Officer Salary $144,505 OH February 26, 2024
25% $80,925 10% $58,194 90% $144,505 75% $126,104 $105,892 50%(Median) Didn’t find job title? Click
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Check out Construction Loan Officer jobs in Ohio

Loan Coordinator I or II

Kitsap Bank - Bremerton, WA

Construction Loan Processor

CrossCountry Mortgage, LLC. - Cleveland, OH

Senior Loan Administration Officer

Century Housing Corporation - Culver City, CA

Mortgage Loan Officer

Impeccable Lending - Ellijay, GA

What skills does a Construction Loan Officer 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.

Underwriting: Underwriting services are provided by some large financial institutions, such as banks, or insurance or investment houses, whereby they guarantee payment in case of damage or financial loss and accept the financial risk for liability arising from such guarantee. An underwriting arrangement may be created in a number of situations including insurance, issue of securities in a public offering, and bank lending, among others. The person or institution that agrees to sell a minimum number of securities of the company for commission is called the underwriter. The name derives from the Lloyd's of London insurance market. Financial bankers, who would accept some of the risk on a given venture (historically a sea voyage with associated risks of shipwreck) in exchange for a premium, would literally write their names under the risk information that was written on a Lloyd's slip created for this purpose.

3.

Mortgage Lending: A mortgage loan is a secured loan that allows you to avail funds by providing an immovable asset, such as a house or commercial property, as collateral to the lender.

Customer Service 0.05%
Underwriting 0.01%
Mortgage Lending 0.01%
Others 99.93%

Job Description for Construction Loan Officer

Construction Loan Officer sources and structures construction loans. Performs a due diligence review of potential borrowers, including risk and financial analysis. Being a Construction Loan Officer 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. Additionally, Construction Loan Officer 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. The Construction Loan Officer occasionally directed in several aspects of the work. Gaining exposure to some of the complex tasks within the job function. To be a Construction Loan Officer typically requires 2 -4 years of related experience. (Copyright 2024 Salary.com)... View full job description

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Job Openings for Construction Loan Officer in Ohio

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Location Avg. Salary Date Updated
Location Chillicothe, OH Avg. Salary $99,871 Date Updated February 26, 2024
Location Lakewood, OH Avg. Salary $106,581 Date Updated February 26, 2024
Location Portsmouth, OH Avg. Salary $98,575 Date Updated February 26, 2024
Location Aberdeen, OH Avg. Salary $97,927 Date Updated February 26, 2024
Location Ada, OH Avg. Salary $101,793 Date Updated February 26, 2024
Location Adamsville, OH Avg. Salary $100,422 Date Updated February 26, 2024
Location Addyston, OH Avg. Salary $105,539 Date Updated February 26, 2024
Location Adelphi, OH Avg. Salary $99,612 Date Updated February 26, 2024
Location Adena, OH Avg. Salary $100,892 Date Updated February 26, 2024
Location Akron, OH Avg. Salary $103,660 Date Updated February 26, 2024

Career Path for Construction Loan Officer

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

The second career path typically progresses to Community Reinvestment Officer.

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

Additionally, the fourth career path typically starts with a Lending Officer III position, and then progresses to Vice President of Lending.

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Construction Loan Officer Salary in Ohio
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