How much does a Lending Officer I make in Middlesex, NJ? The average Lending Officer I salary in Middlesex, NJ is $61,569 as of February 26, 2024, but the range typically falls between $53,345 and $68,500. 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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Lending Officer I Salaries by Percentile
Percentile Salary Location Last Updated
10th Percentile Lending Officer I Salary $45,858 Middlesex,NJ February 26, 2024
25th Percentile Lending Officer I Salary $53,345 Middlesex,NJ February 26, 2024
50th Percentile Lending Officer I Salary $61,569 Middlesex,NJ February 26, 2024
75th Percentile Lending Officer I Salary $68,500 Middlesex,NJ February 26, 2024
90th Percentile Lending Officer I Salary $74,811 Middlesex,NJ February 26, 2024
25% $53,345 10% $45,858 90% $74,811 75% $68,500 $61,569 50%(Median) Didn’t find job title? Click
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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%

Job Description for Lending Officer I

Lending Officer I conducts lending activities for an assigned market or geographic area. Develops a pipeline of customers through referrals, inquiries, and outreach. Being a Lending Officer I performs a due diligence review of potential borrowers, including a risk and financial analysis. Structures loan proposals, prepares credit memos, and presents to loan committee for approval. Additionally, Lending Officer I may manage a portfolio of existing loans, including reviewing financial reporting, monitoring compliance with loan terms, and handling loan modifications or workouts. Ensures adherence to regulations, bank credit policies, and procedures. Typically requires a bachelor's degree. Typically reports to a manager. The Lending Officer I work is closely managed. Works on projects/matters of limited complexity in a support role. To be a Lending Officer I typically requires 0-2 years of related experience. (Copyright 2024 Salary.com)... View full job description

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Job Openings for Lending Officer I in Middlesex, NJ

Career Path for Lending Officer I

A career path is a sequence of jobs that leads to your short- and long-term career goals. Some follow a linear career path within one field, while others change fields periodically to achieve career or personal goals.

For Lending Officer I, the first career path typically progresses to Agricultural Loan Officer.

The second career path typically starts with a Construction Loan Officer position, and then progresses to Construction Loan Manager.

The third career path typically progresses to Community Reinvestment Officer.

Additionally, the fourth career path typically starts with a Middle Market Lending Specialist position, and then progresses to Middle Market Lending Manager.

Those that have already made the climb...
Pamela J. Shelley-Kessler, Co-President, Chief Financial Officer and Corporate Secretary
LTC is a real estate investment trust (REIT) investing in seniors housing and health care properties primarily through sale-leasebacks, mortgage financing, joint-ventures and structured finance solutions including preferred equity and mezzanine lending. LTC's investment portfolio includes 208 properties in 27 states wi... More
Fiscal Year Ended in 2022
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Lending Officer I salary varies from city to city. Compared with national average salary of Lending Officer I, the highest Lending Officer I salary is in San Francisco, CA, where the Lending Officer I salary is 25.0% above. The lowest Lending Officer I salary is in Miami, FL, where the Lending Officer I salary is 2.9% lower than national average salary.

City, State Compared to national average
City, State San Francisco, CA Compared to national average
+ 25.0%
City, State Washington, DC Compared to national average
+ 11.3%
City, State Miami, FL Compared to national average
-2.9%
City, State Chicago, IL Compared to national average
+ 5.5%
City, State Boston, MA Compared to national average
+ 12.7%
City, State New York, NY Compared to national average
+ 17.5%
City, State Dallas, TX Compared to national average
-0.7%

Take just three simple steps below to generate your own personalized salary report

Step 1 of 3

Understand the total compensation opportunity for a Lending Officer I, base salary plus other pay elements

Average Base Salary

Core compensation

 
 
 
53345
68500
61569

Average Total Cash Compensation

Includes base and annual incentives

 
 
 
53988
71512
62606
These charts show the average base salary (core compensation), as well as the average total cash compensation for the job of Lending Officer I in Middlesex, NJ. The base salary for Lending Officer I ranges from $53,345 to $68,500 with the average base salary of $61,569. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $53,988 to $71,512 with the average total cash compensation of $62,606.
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For a real-time salary target, tell us more about your role in the four categories below.

53345
68500

 

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About Middlesex, New Jersey    Middlesex is a borough in Middlesex County, New Jersey, United States. As of the 2010 United States Census, the borough's population was 13,635 reflec....More

Middlesex, New Jersey  area prices were up 1.5% from a year ago    View the Cost of Living in Middlesex, New Jersey

Lending Officer I Salary in popular cities: NewarkJersey CityPaterson

Skills associated with Lending Officer I: Loan Software, Loan Portfolio Management, Business Relationship Management, Lending Regulatory Compliance ...More

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