Loan Officer Salary at Financial Equities BETA

How much does a Financial Equities Loan Officer make?

As of December 2024, the average annual salary for a Loan Officer at Financial Equities is $61,363, which translates to approximately $30 per hour. Salaries for Loan Officer at Financial Equities typically range from $53,437 to $70,856, 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.

Financial Equities Overview

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

Financial Equities is a full service mortgage banker that has serviced the community for over 20 years. The fundamental goal of Financial Equities is to establish and develop positive relationships through the highest level of customer service. With this in mind, we are always looking to exceed your expectations and obtain the best possible financing available for your specific goals and needs. It is for this reason that more than 75% of our production comes from referrals of satifsfied clients, realtors and attorneys. Superb Commitment Our dedicated loan team members are here to work with you. Your personal mortgage specialist will walk you through step of the loan process. Service We promise a quick response and follow up on your loan application. A personal processor will be assigned to handle your loan expeditiously and will be able to answer any questions you may have. e maintain a customer focused attitude.

See similar companies related to Financial Equities

What Skills Does a person Need at Financial Equities?

At Financial Equities, 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

Trustbridge Capital
New York , NY

Job Description Job Description We are seeking a Loan Officer to become a part of our team! You will evaluate and authorize approval of real estate loans. Responsibilities: Guide customers through the loan application process File loan applications and supporting documents Develop referral networks to locate prospects for loans Handle customer complaints and take appropriate action to resolve them Qualifications: Previous experience in lending, banking, or other related fields Familiarity with financial and lending practices Ability to build rapport with clients Excellent written and verbal communication skills Company Description TrustBridge Capital, LLC is more than a lender; we're your strategic partner in real estate success. With rapid, adaptable financing solutions, we specialize in hard money, bridge loans, fix & flip, construction, rehab, and long-term rental financing-tailored to meet diverse investment needs. At TBC, our deep expertise in real estate finance and a team of sea


Sponsored
12/11/2024 12:00:00 AM
Flushing Bank
Uniondale , NY

Develop new business, negotiate and obtain credit approval of new Commercial Real Estate loans. Expand banking relationships to include referrals for business loans and deposit accounts, including operating accounts, lease security accounts and any o Loan Officer, Commercial Loan Officer, Real Estate, Officer, Banking


Sponsored
12/11/2024 12:00:00 AM
Valley Bank
New York , NY

Job Overview The Home Loan Consultant will originate first and second residential mortgages through building external referral sources such as realtors, builders, attorneys and housing counseling agencies. The HLC will need strong technical and product experience, a strong ability to sell externally and a history of selling to diverse and LMI communities. The ability to speak more than one language is preferred, but not required for this position. Responsibilities include but are not limited to: Originate first and second mortgages. Prequalify customers based on credit criteria. Build relationships with external referral sources. Communicate effectively with customers, referral sources. Manage pipeline of customers through frequent communication methods. Provide high level customer service. Required Skills: Strong technical experience with origination systems. Strong knowledge of mortgage programs and products. Required Experience: High School Diploma or GED and a minimum of two (2) ye


Sponsored
12/11/2024 12:00:00 AM
MIOYM EQUITIES, INC
New York , NY

Job Description Job Description We are seeking a Mortgage Loan Officer Originator - HARD MONEY to become a part of our team! You will evaluate and authorize approval of real estate, residential and commercial loans. WE PROVIDE LEADS Responsibilities: Advise borrowers on financial status and payment methods Guide customers through the loan application process File loan applications and supporting documents Develop referral networks to locate prospects for loans Handle customer complaints and take appropriate action to resolve them Qualifications: Previous experience in finance, banking, or other related fields Familiarity with financial and lending practices Ability to build rapport with clients Strong analytical and mathematical skills Excellent written and verbal communication skills Company Description MIOYM Equities is a full service private equity real estate investment firm. Our primary focus is investment in distressed residential assets, including 1'st liens, 2nd liens, servicin


Sponsored
12/10/2024 12:00:00 AM
EMM LOANS LLC
Trumbull , CT

Job Description Job Description EMM LOANS LLC (EMM) is currently looking for Retail Loan Officers to work with our growing teams! We are hiring NOW for Uncasville, Plainfield, North Haven, and West Hartford CT. The Retail Loan Officer will work under a strong and experienced leader - Learn from the best! This position will work with a real estate office and be provided leads! The Retail Loan Officer will market and originate residential mortgage loans. This position will be responsible for soliciting residential mortgages through contacts and seeking opportunities to present the mortgage programs to individuals as well as professional organizations. Loan Officers will provide service to customers and prospective customers seeking residential mortgage loans. Loan Officers will interview applicants to acquire information concerning their current financial situation, their needs, desires and property information, as well as obtain and analyze pertinent data. Loan Officers will ensure the


Sponsored
12/9/2024 12:00:00 AM
Citizens
Valley Stream , NY

Description At Citizens, tailored advice, personalized experiences, and innovative ideas, products, and solutions, are central to helping clients navigate changing circumstances. In this role, youll deepen relationships with your clients by collaborating with peers across banking, lending and investing, helping them with short- and long-term financial goals. Our mission is to help clients, colleagues and communities reach their potential. We do this through our distinguished client-centric culture, having a mindset of continuous improvement and always enhancing our excellent capabilities. Citizens is the bank that stands and grows with its clients. As part of the Core Banking Division, Citizens Private Client provides personalized, world class financial planning and advice to help clients achieve their financial goals. We do this through creating a culture of continuous coaching, professional development and ongoing practice management support. As a Citizens Private Client Relationship


Sponsored
12/9/2024 12:00:00 AM
SEA VIEW MORTGAGE INC
Monmouth Beach , NJ

Job Description Job Description LOAN OFFICER/PROCESSOR ASSISTANT Location: Monmouth Beach, NJ Employment Type: Full-Time Are you eager to start a rewarding career in the mortgage industry? We are looking for Loan Officer & Processor Assistants to join our growing team. No prior experience is required – we will provide comprehensive training for motivated and detail-oriented individuals ready to learn and succeed. What You’ll Do: Support Loan Officers and Processors in gathering and organizing client documentation. Communicate with clients to request information and provide updates throughout the loan process. Assist in reviewing documents for accuracy and completeness. Coordinate with third parties, such as appraisers and title companies, to ensure timely receipt of required documents. Maintain accurate records and track loan files to ensure smooth processing. Learn the ins and outs of the mortgage industry to grow into a key player on our team. Who You Are: A motivated individual with


Sponsored
12/7/2024 12:00:00 AM
Valley Bank
Jericho , NY

Job Overview The Home Loan Consultant will originate first and second residential mortgages through building external referral sources such as realtors, builders, attorneys and housing counseling agencies. The HLC will need strong technical and product experience, a strong ability to sell externally and a history of selling to diverse and LMI communities. The ability to speak more than one language is preferred, but not required for this position. Responsibilities include but are not limited to: Originate first and second mortgages. Prequalify customers based on credit criteria. Build relationships with external referral sources. Communicate effectively with customers, referral sources. Manage pipeline of customers through frequent communication methods. Provide high level customer service. Required Skills: Strong technical experience with origination systems. Strong knowledge of mortgage programs and products. Required Experience: High School Diploma or GED and a minimum of two (2) ye


Sponsored
12/7/2024 12:00:00 AM

Check more jobs information at Financial Equities

Job Title Average Financial Equities Salary Hourly Rate
2 Account Executive $71,958 $35
3 Assistant VP, Marketing $176,361 $85
4 Branch Manager $69,920 $34
5 Closing Manager $81,537 $39
6 Director, Marketing $176,361 $85
7 Director, Sales $188,011 $90
8 Front Desk Receptionist $29,182 $14
9 Manager $105,226 $51
10 Mortgage Banker $127,579 $61
11 Mortgage Bankers $127,579 $61
12 Mortgage Closing Manager $127,579 $61

Hourly Pay at Financial Equities

The average hourly pay at Financial Equities for a Loan Officer is $30 per hour. The location, department, and job description all have an impact on the typical compensation for Financial Equities positions. The pay range and total remuneration for the job title are shown in the table below. Financial Equities may pay a varying wage for a given position based on experience, talents, and education.
How accurate does $61,363 look to you?

FAQ about Salary and Jobs at Financial Equities

1. How much does Financial Equities pay per hour?
The average hourly pay is $30. 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 Financial Equities?
According to the data, the highest approximate salary is about $70,856 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 Financial Equities?
According to the data, the lowest estimated salary is about $53,437 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.