As of December 01, 2024, the average hourly pay of Lending Officer III in the United States is $46. While Salary.com is seeing that the highest pay for Lending Officer III in the US can go up to $56 and the lowest down to $37, but most earn between $41 and $51. Salary.com shows the average base salary (core compensation), as well as the average total cash compensation for the job of Lending Officer III in the United States.
| Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
|
| 75th Percentile | $106,588 | $8,882 | $2,050 | $51 |
| Average | $95,007 | $7,917 | $1,827 | $46 |
| 25th Percentile | $85,956 | $7,163 | $1,653 | $41 |
As of December 01, 2024, Salary.com is seeing that an entry-level Lending Officer III with under 1 year experience makes about $91,550. With less than 2 years of experience, a mid-level Lending Officer III makes around $91,819. After 2-4 years, the Lending Officer III pay rises to about $92,222. Those senior Lending Officer III with 5-8 years of experience earn roughly $92,894, and those Lending Officer III having 8 years or more experience is expected to earn about $93,835 on average.
| Levels | Salary |
|---|---|
| Entry Level Lending Officer III | $91,550 |
| Intermediate Level Lending Officer III | $91,819 |
| Senior Level Lending Officer III | $92,222 |
| Specialist Level Lending Officer III | $92,894 |
| Expert Level Lending Officer III | $93,835 |
| Entry Level | 4% |
| Mid Level | 3% |
| Senior Level | 3% |
| Top Level | 2% |
| Experienced | 1% |
Salaries in the United States can vary significantly from state to state due to a multitude of factors, including cost of living, local economic conditions, and industry presence.
For example, as of December 01, 2024, the average yearly salary of Lending Officer III is $104,792 in California and in Massachusetts, the average annual salary goes to $103,367. While in New Jersey, a Lending Officer III earns $104,127 per year.
What Am I Worth?
Salaries in the United States can vary significantly from city to city due to a multitude of factors, including cost of living, local economic conditions, and industry presence.
For example, as of December 01, 2024, the average yearly salary of Lending Officer III in San Francisco, CA is $118,758 and in New York, NY, the average annual salary goes to $110,968. While a Lending Officer III earns $106,502 per year in Boston, MA.
For those exploring the changing dynamics of Lending Officer III salaries, Salary.com offers detailed insights through our Job Trending in CA Labor Market analysis. As of December 01, 2024, our research highlights a notable shift in Lending Officer III compensation over the past six years. For instance, the median salary has moved from $96,695 in 2023 to about $95,435 in 2024 (for a comprehensive analysis of Lending Officer III salary trends, click here). It's crucial to consider several elements, including geographical location, experience level, industry demand, and economic development, as they play a significant role in influencing salary variations.
Salary.com job board provides millions of Lending Officer III information for you to search for. Click on search button below to see Lending Officer III job openings or enter a new job title here.
Here are companies hiring for Lending Officer III and their salaries, click below for more details.
| Core Compensation | ||||
| Core Compensation | Median | % of Total | ||
| Base Salary | $95,007 | 70.6% | ||
| Bonus | $3,069 | 2.3% | ||
| Value of Benefits | ||||
| Core Compensation | Median | % of Total | ||
| Social Security | $7,503 | 5.6% | ||
| 401K/403B | $4,610 | 3.4% | ||
| Disability | $785 | 0.6% | ||
| Healthcare | $6,056 | 4.5% | ||
| Pension | $5,394 | 4.0% | ||
| Time Off | $12,071 | 9.0% | ||
| Total Compensation | $134,494 | 100% | ||
| Degree Level | % of user with this level of education |
|---|---|
| High School | 8.3% |
| Associates | 13.9% |
| Bachelors | 38.9% |
| Masters | 36.1% |
| Doctorate | 2.8% |
What Am I Worth?
Lending Officer III conducts lending activities for an assigned market or geographic area. Develops a pipeline of customers through referrals, inquiries, and outreach. Being a Lending Officer III 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 III manages 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 III work is generally independent and collaborative in nature. Contributes to moderately complex aspects of a project. To be a Lending Officer III typically requires 4 -7 years of related experience.
Specify the abilities and skills that a person needs in order to carry out the specified job duties. 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.
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.
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.
Purchasing: Purchasing refers to a business or organization attempting to acquire goods or services to accomplish its goals. Although there are several organizations that attempt to set standards in the purchasing process, processes can vary greatly between organizations. Typically the word “purchasing” is not used interchangeably with the word “procurement”, since procurement typically includes expediting, supplier quality, and transportation and logistics (T&L) in addition to purchasing.
