How much does a Lending Officer III make in Salt Lake City, UT? The average Lending Officer III salary in Salt Lake City, UT is $96,991 as of April 24, 2024, but the range typically falls between $87,274 and $108,721. 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.
Percentile | Salary | Location | Last Updated |
10th Percentile Lending Officer III Salary | $78,428 | Salt Lake City,UT | April 24, 2024 |
25th Percentile Lending Officer III Salary | $87,274 | Salt Lake City,UT | April 24, 2024 |
50th Percentile Lending Officer III Salary | $96,991 | Salt Lake City,UT | April 24, 2024 |
75th Percentile Lending Officer III Salary | $108,721 | Salt Lake City,UT | April 24, 2024 |
90th Percentile Lending Officer III Salary | $119,400 | Salt Lake City,UT | April 24, 2024 |
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.
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.
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.
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.
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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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 varies from city to city. Compared with national average salary of Lending Officer III, the highest Lending Officer III salary is in San Francisco, CA, where the Lending Officer III salary is 25.0% above. The lowest Lending Officer III salary is in Miami, FL, where the Lending Officer III salary is 3.5% lower than national average salary.
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Job Title | Experience | EDUCATION | Salary Compared to This Job |
---|---|---|---|
Job Title Agricultural Loan Officer | Experience 2 - 4 | EducationBachelors | Salary Compared to This Job |
Job Title Chief Lending Officer | Experience | EducationBachelors | Salary Compared to This Job |
Job Title Commercial Loan Officer III | Experience 4 - 7 | EducationBachelors | Salary Compared to This Job |
Job Title Commercial Real Estate Loan Officer III | Experience 4 - 7 | EducationBachelors | Salary Compared to This Job |
Job Title Construction Loan Officer | Experience 2 - 4 | EducationBachelors | Salary Compared to This Job |
Jobs with different levels of education may pay very differently. Check the Lending Officer III salary of your education level.
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About Salt Lake City, Utah Salt Lake City has an area of 110.4 square miles (286 km2) and an average elevation of 4,327 feet (1,319 m) above sea level. The lowest point within t....More
Salt Lake City, Utah area prices were up 2.3% from a year ago View the Cost of Living in Salt Lake City, Utah
Lending Officer III Salary in popular cities: Provo, West Jordan, Orem
Skills associated with Lending Officer III: Lending Regulatory Compliance, Loan Software, Loan Portfolio Management, Prospecting ...More
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