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What is the salary range of Construction Loan Officer?

As of January 01, 2025, the average annual salary for a Construction Loan Officer in Henrietta, NY is $108,785. Salary.com reports that pay typically ranges from $83,118 to $129,541, with most professionals earning between $59,749 and $148,439.

Construction Loan Officer Salaries by Percentile
Annual
Salary
Monthly
Pay
Weekly
Pay
Hourly
Wage
75th Percentile $131,648 $10,971 $2,532 $63
Average $110,554 $9,213 $2,126 $53
25th Percentile $84,469 $7,039 $1,624 $41

Average Salary

25% $83,118 10% $59,749 90% $148,439 75% $129,541 $108,785 50%(Median) Didn’t find job title? Click
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Last Updated on January 01, 2025
Last Updated on January 01, 2025
Levels Salary
Entry Level Construction Loan Officer $99,655
Intermediate Level Construction Loan Officer $104,219
Senior Level Construction Loan Officer $113,253
Specialist Level Construction Loan Officer $118,175
Expert Level Construction Loan Officer $118,790
$99,655 0 yr
$104,219 < 2 yrs
$113,253 2-4 yrs
$118,175 5-8 yrs
$118,790 > 8 yrs
Last Updated on January 01, 2025
Entry Level 10%
Mid Level 6%
Senior Level 2%
Top Level 7%
Experienced 7%
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Last Updated on January 01, 2025

Job Openings of Construction Loan Officer

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Cost of Living In Henrietta, NY

Cost of Living in Henrietta , NY is
3.4% 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 Construction Loan Officer

What skills does a Construction Loan Officer 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.

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.

3.

Mortgage Lending: A mortgage loan is a secured loan that allows you to avail funds by providing an immovable asset, such as a house or commercial property, as collateral to the lender.

Customer Service 5.9%
Underwriting 1.74%
Mortgage Lending 1.04%
Others 91.32%
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What skills can make your compensation higher?
Mastering certain skills can make the compensation of a Construction Loan Officer 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 Analytical Skills, you can get a 29% salary raise. If you are good at Relationship Management, your salary will increase by 26%. If you are expert in Hard Working, your salary will rise by 18%.
Skill Salary Demand
Analytical Skills
$140,332
29%
Relationship Management
$137,069
26%
Hard Working
$128,366
18%
Finance and Accounting
$127,278
17%
Tax Return
$125,103
15%
Communication Skills
$120,751
11%
Last Updated on January 01, 2025

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 Construction Loan Officer is $108,785 per year in Henrietta, NY, updated at January 01, 2025.
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