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Loan Officer III Salary in the United States

Loan Officer III Salary

How much does a Loan Officer III make in the United States? The average Loan Officer III salary in the United States is $99,800 as of March 26, 2024, but the range typically falls between $89,800 and $111,900. Salary ranges 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 III Salaries by Percentile
Percentile Salary Location Last Updated
10th Percentile Loan Officer III Salary $80,696 US March 26, 2024
25th Percentile Loan Officer III Salary $89,800 US March 26, 2024
50th Percentile Loan Officer III Salary $99,800 US March 26, 2024
75th Percentile Loan Officer III Salary $111,900 US March 26, 2024
90th Percentile Loan Officer III Salary $122,916 US March 26, 2024
25% $89,800 10% $80,696 90% $122,916 75% $111,900 $99,800 50%(Median) Didn’t find job title? Click
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Check out Loan Officer Job Openings in Columbus, Ohio

Loan Processor

Andover Bank - Andover, OH

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Escrow Officer

Heartland Bank - Circleville, OH

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Sr. Corporate Loan Processor

CrossCountry Mortgage, LLC. - Cleveland, OH

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Mortgage Officer, Southland

Dollar Bank - Cleveland, OH

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Job Description

The Loan Officer III is responsible for approving complex loans and assisting lending teams with structuring and pricing of larger loans. Oversees lending activity for a market vertical or geographic area. Being a Loan Officer III monitors overall loan portfolio performance and seeks resolution of issues. Assess risk, develops policies and guidelines for lenders. In addition, Loan Officer III ensures adherence to bank credit policies and procedures. Requires a bachelor's degree. Typically reports to top management. The Loan Officer III manages a departmental sub-function within a broader departmental function. Creates functional strategies and specific objectives for the sub-function and develops budgets/policies/procedures to support the functional infrastructure. Deep knowledge of the managed sub-function and solid knowledge of the overall departmental function. Working as a Loan Officer III typically requires 5+ years of managerial experience. (Copyright 2024 Salary.com)

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Job Openings for Loan Officer III

Career Path for this job

  1. Down a level:

    Intermediate Lending Officer

    2 - 4 years experience
    Bachelor's Degree

  2. This Job:

    Loan Officer III

    4 - 7 years experience
    Bachelor's Degree

  3. Up a level:

    VP of Lending


    Bachelor's Degree

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Understand the total compensation opportunity for a Loan Officer III, base salary plus other pay elements

Average Base Salary

Core compensation

 
 
 
89800
111900
99800

Average Total Cash Compensation

Includes base and annual incentives

 
 
 
92700
121000
104900
These charts show the average base salary (core compensation), as well as the average total cash compensation for the job of Loan Officer III in the United States. The base salary for Loan Officer III ranges from $89,800 to $111,900 with the average base salary of $99,800. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $92,700 to $121,000 with the average total cash compensation of $104,900.
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89800
111900

 

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