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Hourly Wage for Loan Officer II Salary in the United States

Hourly Wage for Loan Officer II Salary

How much does a Loan Officer II make hourly in the United States? The average hourly wage for a Loan Officer II in the United States is $37 as of March 26, 2024, but the range typically falls between $32 and $41. Hourly rate can vary widely depending on many important factors, including education, certifications, additional skills, the number of years you have spent in your profession. With more online, real-time compensation data than any other website, Salary.com helps you determine your exact pay target.

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Loan Officer II Salaries by Percentile
Percentile Hourly Pay Rate Location Last Updated
10th Percentile Loan Officer II Salary $27 US March 26, 2024
25th Percentile Loan Officer II Salary $32 US March 26, 2024
50th Percentile Loan Officer II Salary $37 US March 26, 2024
75th Percentile Loan Officer II Salary $41 US March 26, 2024
90th Percentile Loan Officer II Salary $44 US March 26, 2024
25% $32 10% $27 90% $44 75% $41 $37 50%(Median) Didn’t find job title? Click
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Job Description

The Loan Officer II is responsible for approving larger complex loans and supporting credit team with structuring and pricing simpler loans. Oversees lending activity for a market vertical and/or geographic area. Being a Loan Officer II requires a bachelor's degree of finance or related area. Assess risk and ensures adherence to bank credit policies and procedures. In addition, Loan Officer II typically reports to top management. Being a Loan Officer II works on advanced, complex technical projects or business issues requiring state of the art technical or industry knowledge. Works autonomously. Goals are generally communicated in solution or project goal terms. May provide a leadership role for the work group through knowledge in the area of specialization. Working as a Loan Officer II typically requires 10+ years of related experience. (Copyright 2024 Salary.com)

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Job Openings for Loan Officer II

Career Path for this job

  1. Down a level:

    Entry Lending Officer

    0 - 2 years experience
    Bachelor's Degree

  2. This Job:

    Loan Officer II

    2 - 4 years experience
    Bachelor's Degree

  3. Up a level:

    Loan Officer III

    4 - 7 years experience
    Bachelor's Degree

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Understand the total hourly compensation opportunity for a Loan Officer II, hourly wage plus other pay elements

Average Hourly Wage

Core compensation

 
 
 
32
41
37

Average Total Hourly Cash Compensation

Includes base and short-term incentives

 
 
 
33
45
39
These charts show the average hourly wage (core compensation), as well as the average total hourly cash compensation for the job of Loan Officer II in the United States. The average hourly rate for Loan Officer II ranges from $32 to $41 with the average hourly pay of $37. The total hourly cash compensation, which includes base and short-term incentives, can vary anywhere from $33 to $45 with the average total hourly cash compensation of $39.
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32
41

 

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