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What is the salary range of Loan Officer I?

As of December 01, 2024, the average annual pay of Loan Officer I in Boise, ID is $48,490. While Salary.com is seeing that Loan Officer I salary in Boise, ID can go up to $58,673 or down to $38,651, but most earn between $43,340 and $53,820. Salary.com shows the average base salary (core compensation), as well as the average total cash compensation for the job of Loan Officer I in the United States.

Loan Officer I Salaries by Percentile
Annual
Salary
Monthly
Pay
Weekly
Pay
Hourly
Wage
75th Percentile $53,820 $4,485 $1,035 $26
Average $48,490 $4,041 $933 $23
25th Percentile $43,340 $3,612 $833 $21

Average Salary

25% $43,340 10% $38,651 90% $58,673 75% $53,820 $48,490 50%(Median) Didn’t find job title? Click
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View Loan Officer I Salary by Hour, Week, Month, Year

Salary.com provides you with accurate and diversified Loan Officer I salary data based on specialized databases to help you get a fairer salary. Click the switch button below to see more details about Loan Officer I hourly pay, weekly pay, monthly pay and so on.

Last Updated on December 01, 2024
Last Updated on December 01, 2024
Levels Salary
Entry Level Loan Officer I $46,550
Intermediate Level Loan Officer I $46,703
Senior Level Loan Officer I $46,932
Specialist Level Loan Officer I $47,695
Expert Level Loan Officer I $48,626
$46,550 0 yr
$46,703 < 2 yrs
$46,932 2-4 yrs
$47,695 5-8 yrs
$48,626 > 8 yrs
Last Updated on December 01, 2024
Entry Level 4%
Mid Level 4%
Senior Level 3%
Top Level 2%
Experienced 0%
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Last Updated on December 01, 2024

Job Openings of Loan Officer I

Salary.com job board provides millions of Loan Officer I information for you to search for. Click on search button below to see Loan Officer I job openings or enter a new job title here.

Cost of Living In Boise, ID

Cost of Living in Boise , ID is
1.2% Higher
than the National Average
Use Salary.com's Cost of Living Calculator to find out what income you need to maintain your standard of living in a different city and how much more or less money you need to budget for basic expenses.

Best-Paid Skills and Qualifications for Loan Officer I

What skills does a Loan Officer I need?

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.

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.

2.

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.

3.

Credit Reports: Credit report is a statement that has information about your credit activity and current credit situation such as loan paying history and the status of your credit accounts. It allows to check for any delinquency in past and present credit accounts.

Customer Service 7.96%
Customer Satisfaction 2.01%
Credit Reports 1.33%
Others 88.7%
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What skills can make your compensation higher?
Mastering certain skills can make the compensation of a Loan Officer I higher. Salary.com's Real-time Job Posting Salary Data provides you the latest highly compensated skills to help you get a higher pay. For example, if you master Mortgage Banking, you can get a 16% salary raise. If you are good at Business Development, your salary will increase by 11%. If you are expert in Commitment, your salary will rise by 9%.
Skill Salary Demand
Mortgage Banking
$56,248
16%
Business Development
$53,824
11%
Commitment
$52,854
9%
Lending Products
$52,369
8%
Presentation
$51,399
6%
Analysis
$51,399
6%
Last Updated on December 01, 2024

About Our Data

Salary.com salary estimates, histograms, trends, and comparisons are derived from both employer job postings and third-party data sources. We also provide multiple percentiles of salary information for your reference, click here to know Why the Salary Midpoint Formula Is Crucial to Getting Pay Equity Right. With more online, real-time compensation data than any other website, Salary.com helps you determine your exact pay target.

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The average salary for a Loan Officer I is $48,490 per year in Boise, ID, updated at December 01, 2024.
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