Loan Officer Salary at Bank Of Madison BETA

How much does a Bank Of Madison Loan Officer make?

As of March 2025, the average annual salary for a Loan Officer at Bank Of Madison is $51,605, which translates to approximately $25 per hour. Salaries for Loan Officer at Bank Of Madison typically range from $44,952 to $59,568, reflecting the diverse roles within the company.

It's essential to understand that salaries can vary significantly based on factors such as geographic location, departmental budget, and individual qualifications. Key determinants include years of experience, specific skill sets, educational background, and relevant certifications. For a more tailored salary estimate, consider these variables when evaluating compensation for this role.

DISCLAIMER: The salary range presented here is an estimation that has been derived from our proprietary algorithm. It should be noted that this range does not originate from the company's factual payroll records or survey data.

Bank of Madison Overview

Website:
bankofmadisonga.com
Size:
<25 Employees
Revenue:
$10M - $50M
Industry:
Financial Services

Bank of Madison is a company that operates in the Financial Services industry. It employs 11-20 people and has $10M-$25M of revenue. The company is headquartered in Madison, Georgia.

See similar companies related to Bank Of Madison

What Skills Does a person Need at Bank Of Madison?

At Bank Of Madison, specify the abilities and skills that a person needs in order to carry out the specified job duties. 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. Financial services: A services provided by the finance industry, which encompasses a broad range of businesses that manage money. These services involve banking, brokerage, mortgages, credit cards, payment services, real estate, investment funds, taxes and accounting.
  2. Mortgage Loans: A mortgage loan or, simply, mortgage (/ˈmɔːrɡɪdʒ/) is used either by purchasers of real property to raise funds to buy real estate, or alternatively by existing property owners to raise funds for any purpose, while putting a lien on the property being mortgaged. The loan is "secured" on the borrower's property through a process known as mortgage origination. This means that a legal mechanism is put into place which allows the lender to take possession and sell the secured property ("foreclosure" or "repossession") to pay off the loan in the event the borrower defaults on the loan or otherwise fails to abide by its terms. The word mortgage is derived from a Law French term used in Britain in the Middle Ages meaning "death pledge" and refers to the pledge ending (dying) when either the obligation is fulfilled or the property is taken through foreclosure. A mortgage can also be described as "a borrower giving consideration in the form of a collateral for a benefit (loan)".
  3. 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.
  4. Loan Origination: Loan origination is the process by which a borrower applies for a new loan, and a lender processes that application. Origination generally includes all the steps from taking a loan application up to disbursal of funds (or declining the application). For mortgages, there is a specific mortgage origination process. Loan servicing covers everything after disbursing the funds until the loan is fully paid off. Loan origination is a specialized version of new account opening for financial services organizations. Certain people and organizations specialize in loan origination. Mortgage brokers and other mortgage originator companies serve as a prominent example. There are many different types of loans. For more information on loan types, see the loan and consumer lending articles. Steps involved in originating a loan vary by loan type, various kinds of loan risk, regulator, lender policy, and other factors.
  5. Pricing: Pricing is a process of fixing the value that a manufacturer will receive in the exchange of services and goods.

Related Jobs

Oconee State Bank
Watkinsville , GA

POSITION TITLE: Mortgage Loan Officer LOCATION: Watkinsville, GA DEPARTMENT: Mortgage REPORTS TO: Mortgage President EMPLOYMENT TYPE: Full-Time STATUS: Exempt DEPARTMENT | ROLE DESCRIPTION: Remarkable Mortgage, powered by Oconee State Bank is a dynamic and customer-focused mortgage lending company committed to providing personalized and seamless financial solutions. With a reputation for excellence in service and a dedication to helping individuals achieve their homeownership dreams, we are seeking a motivated and experienced Mortgage Loan Officer to join our growing team. As a Mortgage Loan Officer at Remarkable, you will play a crucial role in guiding clients through the mortgage process, from application to closing. You will be responsible for cultivating and maintaining relationships with clients, real estate professionals, and other key stakeholders, while ensuring a smooth and efficient loan origination process. RESPONSIBILITIES (INCLUDING BUT NOT LIMITED TO): Client Consultation


Sponsored
3/2/2025 12:00:00 AM
Cognizant Technology Solutions
Atlanta , GA

Client Relationship Manager-Banking & Financial Services Overview Client Relationship Managers are key contributors to commercial side of Cognizant IT and Consulting Business. They support the Client Partner and act as business owners for assigned accounts, leading the day-to-day activities and P&L of these accounts. The CRM works with delivery teams to enhance backlog, optimizing the resource mix and navigating scope changes to ensure client expectations are met. They work towards establishing a positive client experience. A CRM's shared measures are margin, revenue, client satisfaction & employee retention. CRM role-specific measures are renewal win rates, revenue, and margin. Key Responsibilities •Build trusted relationships with client stakeholders •Understand the client environment, issues, and priorities •Work with clients to define their problems and co-create solutions •Drive RFPs / proactive bids with regards to renewals, extensions, and expansion •Track of BFS industry trends


Sponsored
3/1/2025 12:00:00 AM
AgSouth Farm Credit
Madison , GA

Job Description We are seeking a Loan Processing Coordinator to join our Farm Credit family! This position is crucial to our organization and our lending process by work closely with our customers and association staff to exceed customer expectations through pre-loan closing activities to deliver loans with accurate and legally compliant documentation. Collaboration and working as a team will be essential for success in this role. Responsibilities Lending Loan Processing Support: Support the sales/lending staff by preparing and verifying loan documents, commitment letters, loan disclosures, closing papers, loan treatments and other required time-sensitive information prior to loan closings. Communicate and act as liaison with third parties (attorneys, appraisers, insurance agents) and support the loan closing process in collaboration with loan officer. Assist in reviewing and ensuring loan documents are complete and accurate after loan closings. Follow up with all parties involved to e


Sponsored
2/27/2025 12:00:00 AM
America's Pharmacy Group, LLC
Athens , GA

Whether you are working in a Pharmacy looking for additional income, an established healthcare sales professional, or looking to break into Medical Sales, Healthcare Marketing Group, LLC is a great opportunity for you. As a Pharmacy Relationship Manager, you will help drive the growth of our company through building and retaining customer relationships. You can even change the way healthcare is delivered to Americans. Our Pharmacy Savings Card works like GoodRx and SingleCare. With savings of up to 80% off prescriptions, we provide the highest discounts in the industry! We are now seekingPharmacy Relationship Managers in your area!* What does a Pharmacy Relationship Manager do? Educate Pharmacy Staff about how their customers can save up to 80% on prescriptions Provide Savings Cards by engaging with medical offices and educating Office Staff about how their patients can save up to 80% on medications Create, build, and retain relationships with Pharmacy Staff and Healthcare Providers Re


Sponsored
2/27/2025 12:00:00 AM
Assertive Mortgage
Atlanta , GA

Description We're hiring a loan partner who will work directly alongside our loan origination staff to help our applicants through the mortgage loan process. You'll get applicants mortgage-ready, prepare paperwork, and respond to customer inquiries on transactions as needed. If you're a detail-oriented employee with strong communication and time management skills, we highly encourage you to apply. Responsibilities •Make 20-30 calls per day to realtor partners and network partners. Candidate must have sales skills and comfortable calling. •Be the primary liaison between the mortgage loan officer and our clients and schedule meetings to discuss outstanding items •Follow up and respond to customer and in-house inquiries on transactions as needed in order to provide superior customer service •Gather and coordinate necessary loan documentation necessary for verifications and underwriting such as loan files, loan packages, credit reports, and additional mortgage application paperwork •Review


Sponsored
2/26/2025 12:00:00 AM
Voya Financial, Inc.
Atlanta , GA

Together we fight for everyone's opportunity for a better financial future. We will do this together - with customers, partners and colleagues. We will fight for others, not against: We will stand up for and champion everyone's access to opportunities. The status quo is not good enough ... we believe every individual and every community deserves access to financial opportunities. We are determined to support both individuals and communities in reaching a better financial future. We know that reaching this future depends on our actions today. Like our Purpose Statement, Voya believes in being bold and committed to action. We are committed to a work environment where the differences that we are born with - and those we acquire throughout our lives - are understood, valued and intentionally pursued. We believe that our employees own our culture and have a responsibility to foster an environment where we all feel comfortable bringing our whole selves to work. Purposefully bringing our diff


Sponsored
2/26/2025 12:00:00 AM
Winged Keel Group
Atlanta , GA

Firm Summary: Winged Keel Group is an independent life insurance brokerage firm that creates and implements tax-efficient, multi-generational wealth accumulation and wealth transfer strategies for ultra-high net worth families. With offices in New York, San Francisco, Boston, Richmond, Washington, D.C., Houston, Atlanta, and Denver, the firm specializes in the structuring and administration of large blocks of Traditional Life Insurance and large portfolios of Private Placement Variable Life Insurance and Annuities. Position Summary: The primary function of the Producer / Client Relationship Manager (CRM) is to proactively market the products and services we offer to existing and new Centers of Influence and potential clients. The CRM will be expected to develop expertise with respect to the products and services we offer, and with the acquisition strategies our clients and their advisors employ to acquire such products. Further, our expectation is that the CRM will perform at a level o


Sponsored
2/26/2025 12:00:00 AM
Penhall Company
Atlanta , GA

Application Instructions Penhall Company has been shaping the future of concrete services for over 65 years. As the nation's leader in concrete cutting, coring, scanning, and demolition, and ranked 3rd in Demolition by ENR's 2023 Top Specialty Contractors, we deliver more than just expertise-we deliver results. With safety at the core of our operations and state-of-the-art technology in our hands, we ensure every project is executed with precision, efficiency, and care. Position Description Job Summary: The Account Manager is responsible for managing customer relationships, estimating projects, and overseeing the successful execution of assigned projects. This role is critical in driving revenue growth, providing excellent customer service, and building strong networks within the market. The Account Manager will handle "Come Do" or service work as well as project work, ensure customer satisfaction, and achieve annual revenue goals. Duties and Responsibilities: Estimate and prepare prop


Sponsored
2/26/2025 12:00:00 AM

Check more jobs information at Bank Of Madison

Job Title Average Bank Of Madison Salary Hourly Rate
2 Banker $80,566 $39
3 Banking Officer $70,215 $34
4 Senior Compliance Officer $75,873 $36
5 Senior Vice President $170,846 $82
6 Supervisor, Loan Operations $50,500 $24
7 Customer Service $34,410 $17
8 Loan Coordinator $33,338 $16
9 Mortgage Loan Originator $38,747 $19
10 Assistant Vice President $50,649 $24
11 Chief Financial Officer $348,045 $167
12 Customer Service Represenative $30,384 $15
13 Network Support $81,697 $39

Hourly Pay at Bank Of Madison

The average hourly pay at Bank Of Madison for a Loan Officer is $25 per hour. The location, department, and job description all have an impact on the typical compensation for Bank Of Madison positions. The pay range and total remuneration for the job title are shown in the table below. Bank Of Madison may pay a varying wage for a given position based on experience, talents, and education.
How accurate does $51,605 look to you?

FAQ about Salary and Jobs at Bank Of Madison

1. How much does Bank Of Madison pay per hour?
The average hourly pay is $25. The salary for each employee depends on several factors, including the level of experience, work performance, certifications and skills.
2. What is the highest salary at Bank Of Madison?
According to the data, the highest approximate salary is about $59,568 per year. Salaries are usually determined by comparing other employees’ salaries in similar positions in the same region and industry.
3. What is the lowest pay at Bank Of Madison?
According to the data, the lowest estimated salary is about $44,952 per year. Pay levels are mainly influenced by market forces, supply and demand, and social structures.
4. What steps can an employee take to increase their salary?
There are various ways to increase the wage. Level of education: An employee may receive a higher salary and get a promotion if they obtain advanced degrees. Experience in management: an employee with supervisory experience can increase the likelihood to earn more.