Retail Loan Officer Salary at Indymac Inc BETA

How much does an Indymac Inc Retail Loan Officer make?

As of April 2025, the average annual salary for a Retail Loan Officer at Indymac Inc is $73,166, which translates to approximately $35 per hour. Salaries for Retail Loan Officer at Indymac Inc typically range from $64,758 to $82,095, 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.

Indymac Inc Overview

Website:
indymac.com
Size:
100 - 200 Employees
Revenue:
$10M - $50M
Industry:
Business Services

IndyMac Bancorp, Inc. is the holding company for IndyMac Bank, the largest savings and loan in Los Angeles County and the 10th largest nationwide (based on assets). Through its hybrid thrift/mortgage banking business model, IndyMac is in the business of designing, manufacturing and distributing cost-efficient financing for the acquisition, development and improvement of single-family homes. IndyMac also provides financing secured by single-family homes to facilitate consumers' personal financial goals and strategically invests in single-family mortgage-related assets. IndyMac utilizes its award-winning e-MITS technology platform to facilitate automated underwriting, risk-based pricing and rate lock of home loans on a nationwide basis via the Internet at the point of sale. IndyMac provides mortgage products and services through various mortgage banking divisions and invests in certain of its mortgage loan production and mortgage servicing for long-term returns. IndyMac Bank also offers a wide array of retail banking services, including deposits, competitive CD and money market accounts and online bill payment services. IndyMac Bank is FDIC insured.

See similar companies related to Indymac Inc

What Skills Does a person Need at Indymac Inc?

At Indymac Inc, 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. Commercial Loans: A commercial loan is a debt-based funding arrangement between a business and a financial institution such as a bank. It is typically used to fund major capital expenditures and/or cover operational costs that the company may otherwise be unable to afford.
  2. Analysis: Analysis is the process of considering something carefully or using statistical methods in order to understand it or explain it.
  3. Business Development: Business development entails tasks and processes to develop and implement growth opportunities within and between organizations. It is a subset of the fields of business, commerce and organizational theory. Business development is the creation of long-term value for an organization from customers, markets, and relationships. Business development can be taken to mean any activity by either a small or large organization, non-profit or for-profit enterprise which serves the purpose of ‘developing’ the business in some way. In addition, business development activities can be done internally or externally by a business development consultant. External business development can be facilitated through Planning Systems, which are put in place by governments to help small businesses. In addition, reputation building has also proven to help facilitate business development.
  4. 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.
  5. 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.

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Check more jobs information at Indymac Inc

Job Title Average Indymac Inc Salary Hourly Rate
2 Administrative Assistant $53,962 $26
3 Customer Account Executive $106,971 $51
4 Customer Account Manager $81,780 $39
5 Customer Representative II $48,575 $23
6 Loan Processor $46,751 $22
7 Manager $113,365 $55
8 Quality Control $114,159 $55
9 Regional VP $374,164 $180
10 Senior Underwriter $147,334 $71
11 Corporate Sales Trainer $70,768 $34
12 Lead Customer Service Representative $76,603 $37
13 Loan Counselor $46,751 $22

Hourly Pay at Indymac Inc

The average hourly pay at Indymac Inc for a Retail Loan Officer is $35 per hour. The location, department, and job description all have an impact on the typical compensation for Indymac Inc positions. The pay range and total remuneration for the job title are shown in the table below. Indymac Inc may pay a varying wage for a given position based on experience, talents, and education.
How accurate does $73,166 look to you?

FAQ about Salary and Jobs at Indymac Inc

1. How much does Indymac Inc pay per hour?
The average hourly pay is $35. 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 Indymac Inc?
According to the data, the highest approximate salary is about $82,095 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 Indymac Inc?
According to the data, the lowest estimated salary is about $64,758 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.