Loan Officer Salary at Riverbank Finance Llc BETA

How much does a Riverbank Finance Llc Loan Officer make?

As of March 2025, the average annual salary for a Loan Officer at Riverbank Finance Llc is $51,876, which translates to approximately $25 per hour. Salaries for Loan Officer at Riverbank Finance Llc typically range from $45,197 to $59,873, 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.

Riverbank Finance LLC Overview

Website:
riverbankfinance.com
Size:
<25 Employees
Revenue:
<$5M
Industry:
Financial Services

Riverbank Finance is a Michigan mortgage company in Grand Rapids. Locally owned and operated, we specialize in mortgage loans, home loans, mortgage pre-approval, mortgage refinancing, new home purchase loans and new home loans in Grand Rapids. Our commitment to quality ensures that we will provide the best home loans with some of the lowest Grand Rapids mortgage rates.

See similar companies related to Riverbank Finance Llc

What Skills Does a person Need at Riverbank Finance Llc?

At Riverbank Finance Llc, 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

Adventure Credit Union
Grand Rapids , MI

Job Type Full-time Description Adventure Credit Union has been providing financial services to their members for over 80 years and are continuing to grow to meet their members changing needs. As one of the Best & Brightest Companies To Work For In The Nation, we strive to recruit and retain ambitious and talented individuals by continuous development, support, and appreciation. We currently are looking to add a full time Mortgage Loan Originator (MLO) to our Adventure Team! At Adventure, our mortgage loans are internally sourced with expectations of external sourcing as well. The Mortgage Loan Originator role offers a high base salary and commission. The primary purpose of this position is to perform first lien mortgage and construction loan origination functions for the mortgage department. Assists members with loan inquiries/requests and matching their needs to the credit union's loan solutions while maintaining a high level of service and confidentiality. They are responsible for in


Sponsored
3/2/2025 12:00:00 AM
PNC Financial Services Group, Inc.
Muskegon , MI

Position Overview At PNC, our people are our greatest differentiator and competitive advantage in the markets we serve. We are all united in delivering the best experience for our customers. We work together each day to foster an inclusive workplace culture where all of our employees feel respected, valued and have an opportunity to contribute to the company's success. As a Relationship Manager I - Business Banker within PNC's Business Banking organization, you will be based in Muskegon, Grand Haven, Whitehall and Ludington areas of Michigan. PNC Business Bankers provide cash flow solutions to businesses with annual sales from $1 million to $5 million. As a trusted advisor within a fast-paced, dynamic environment you will leverage your business acumen to facilitate cash flow conversations with clients and prospects. Additionally, you will manage the on-going sales cycle to optimize the cash flow of our business customers so they can achieve their goals. PNC's targeted small business se


Sponsored
3/2/2025 12:00:00 AM
Wintrust Financial
Holland , MI

Wintrust is a financial holding company with approximately $62 billion in assets whose common stock is traded on the NASDAQ Global Select Market. Guided by its “Different Approach, Better Results” philosophy, Wintrust offers the sophisticated resources of a large bank while providing a community banking experience to each customer. Wintrust operates more than 200 retail banking locations through 16 community bank subsidiaries in the greater Chicago, southern Wisconsin, west Michigan, northwest Indiana, and southwest Florida market areas. In addition, Wintrust operates various non-bank business units, providing residential mortgage origination, wealth management, commercial and life insurance premium financing, short-term accounts receivable financing/outsourced administrative services to the temporary staffing services industry, and qualified intermediary services for tax-deferred exchanges. Our unique business model is a competitive strength and value driver, powered by our talented c


Sponsored
3/1/2025 12:00:00 AM
Workbox Staffing
Holland , MI

Company Overview: We are a Michigan-based staffing agency with over 30 locations across 5 states. As an independent agency, we take pride in our local ownership and commitment to serving our communities. We excel at sourcing both skilled and unskilled temporary positions in manufacturing, light industrial, and production environments. Our mission is simple: DO GOOD. We strive to make a positive impact on our co-workers, with our candidates and clients, and in our communities every day. Position: Branch Manager (Full Time) We’re searching for a Branch Manager to lead our Holland, Michigan branch. This hands-on role requires the ability to balance team development, management, strategic decision-making, and client development in the region. While you'll engage in various aspects of the business, your primary focus will be building a strong team and fostering long-term client relationships. You'll guide your team, oversee operations, and collaborate with teams nationwide to achieve our st


Sponsored
3/1/2025 12:00:00 AM
Wintrust Financial
Grand Rapids , MI

Wintrust is a financial holding company with approximately $62 billion in assets whose common stock is traded on the NASDAQ Global Select Market. Guided by its “Different Approach, Better Results” philosophy, Wintrust offers the sophisticated resources of a large bank while providing a community banking experience to each customer. Wintrust operates more than 200 retail banking locations through 16 community bank subsidiaries in the greater Chicago, southern Wisconsin, west Michigan, northwest Indiana, and southwest Florida market areas. In addition, Wintrust operates various non-bank business units, providing residential mortgage origination, wealth management, commercial and life insurance premium financing, short-term accounts receivable financing/outsourced administrative services to the temporary staffing services industry, and qualified intermediary services for tax-deferred exchanges. Our unique business model is a competitive strength and value driver, powered by our talented c


Sponsored
2/28/2025 12:00:00 AM
Feeding America West Michigan
Grand Rapids , MI

GENERAL DESCRIPTION: This is an exciting opportunity for a passionate fundraising professional who wants to make a lasting impact by helping donors leave a legacy of fighting hunger in West Michigan. The Donor Relationship Manager – Legacy Giving is a key member of the development team, responsible for creating, implementing, and managing Feeding America West Michigan’s legacy giving strategy. This role focuses on cultivating and stewarding relationships with donors who are interested in making a lasting impact through estate planning and other planned giving vehicles. The ideal candidate is a proactive and strategic relationship-builder with experience in fundraising, legacy giving, and donor engagement. This position requires expertise in wills, bequests, trusts, charitable gift annuities, and other planned giving vehicles while ensuring seamless execution of donor stewardship and estate administration. The Donor Relationship Manager will work closely with major gifts, marketing and


Sponsored
2/27/2025 12:00:00 AM
Badger Daylighting
Grand Rapids , MI

The Branch Manager position is accountable for ensuring the safe, cost-effective, and efficient day-to-day management of their assigned area and for the financial results of the branch. This position is accountable for exceptional service delivery as well as a consistent and optimal customer experience. This position is accountable for developing and executing a one-year business plan with a view to safe operations, excellent customer service, employee retention, enhanced financial performance, and growth of the business. The salary for this position will be commensurate with education or work experience. #BDGRJobsHP What You Will Be Doing. Develops and executes a one-year business plan ensuring alignment with the overall corporate strategic plan and immediate manager’s business plan. Enhances area strategic positioning. Grows and establishes Badger’s business through a strong operational base, market brand, and customer service ensuring a foundation is built for long-term profitabilit


Sponsored
2/26/2025 12:00:00 AM
Credit Union ONE
Grand Rapids , MI

The Assistant Branch Manager provides support and assists the Branch Manager in the overall day-to-day management of a retail branch. Assumes responsibility for all Branch Manager duties in their absence. Coaches and develops branch employees. Performs transactions including taking loan applications and closing loans (consumer and home equity). ESSENTIAL DUTIES: Supervision Responsibilities - Supports Branch Manager with defined supervision responsibilities to ensure positive performance of all branch functions. Operations/Audits - Maintains superior knowledge of all operational processes and procedures. Maintains a high level of understanding of the branch audit function and assists with assuring branch is in compliance with audit standards at all times. Assists with the preparation of responses to any adverse audit findings and works with Branch Manager to implement any corrective measures. Effectively establishes relationships with members, identifying their needs and then offering


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

Check more jobs information at Riverbank Finance Llc

Job Title Average Riverbank Finance Llc Salary Hourly Rate
2 Senior Loan Officer $74,905 $36
3 Client Concierge $30,543 $15
4 Mortgage Loan Coordinator $35,139 $17
5 Mortgage Loan Officer $38,951 $19
6 Mortgage Loan Originator $38,951 $19

Hourly Pay at Riverbank Finance Llc

The average hourly pay at Riverbank Finance Llc for a Loan Officer is $25 per hour. The location, department, and job description all have an impact on the typical compensation for Riverbank Finance Llc positions. The pay range and total remuneration for the job title are shown in the table below. Riverbank Finance Llc may pay a varying wage for a given position based on experience, talents, and education.
How accurate does $51,876 look to you?

FAQ about Salary and Jobs at Riverbank Finance Llc

1. How much does Riverbank Finance Llc 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 Riverbank Finance Llc?
According to the data, the highest approximate salary is about $59,873 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 Riverbank Finance Llc?
According to the data, the lowest estimated salary is about $45,197 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.