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What is the salary range of Lending Officer I?

As of December 01, 2024, the average annual pay of Lending Officer I in Framingham, MA is $56,561. While Salary.com is seeing that Lending Officer I salary in Framingham, MA can go up to $68,455 or down to $45,082, but most earn between $50,552 and $62,787. Salary.com shows the average base salary (core compensation), as well as the average total cash compensation for the job of Lending Officer I in the United States.

Lending Officer I Salaries by Percentile
Annual
Salary
Monthly
Pay
Weekly
Pay
Hourly
Wage
75th Percentile $57,868 $4,822 $1,113 $28
Average $52,130 $4,344 $1,002 $25
25th Percentile $46,592 $3,883 $896 $22

Average Salary

25% $50,552 10% $45,082 90% $68,455 75% $62,787 $56,561 50%(Median) Didn’t find job title? Click
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Last Updated on December 01, 2024
Last Updated on December 01, 2024
Levels Salary
Entry Level Lending Officer I $54,301
Intermediate Level Lending Officer I $54,480
Senior Level Lending Officer I $54,747
Specialist Level Lending Officer I $55,639
Expert Level Lending Officer I $56,725
$54,301 0 yr
$54,480 < 2 yrs
$54,747 2-4 yrs
$55,639 5-8 yrs
$56,725 > 8 yrs
Last Updated on December 01, 2024
Entry Level 4%
Mid Level 5%
Senior Level 5%
Top Level 7%
Experienced 9%
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Last Updated on December 01, 2024

Job Openings of Lending Officer I

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Cost of Living In Framingham, MA

Cost of Living in Framingham , MA is
37.4% 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 Lending Officer I

What skills does a Lending 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 Lending 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
$65,610
16%
Business Development
$62,782
11%
Commitment
$61,651
9%
Lending Products
$61,086
8%
Presentation
$59,954
6%
Analysis
$59,954
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 Lending Officer I is $56,561 per year in Framingham, MA, updated at December 01, 2024.
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