How much does a Loan Officer make at companies like Bank Of America in the United States? The average salary for Loan Officer at companies like Bank Of America in the United States is $99,735 as of March 26, 2024, but the range typically falls between $84,253 and $113,642. 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. View the Cost of Living in Major Cities
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Loan Officers, also referred to as "Mortgage Loan Originators," are people who work for banks and other financial institutions with the main objective to recommend individual and business loan applications for approval and participate in the front end of the mortgage origination process. Loan officers specialize in commercial, consumer and mortgage loans. Although they are employed by financial institutions, they can be seen as intermediaries between lending institutions and borrowers. They solicit loans, represent creditors to borrowers, and represent borrowers to creditors....
Source: Wikipedia (as of 04/28/2019). Read more from Wikipedia
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