Bank Of America Loan Officer Salary in the United States

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 $99,574 as of February 26, 2024, but the range typically falls between $84,123 and $113,450. 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

About Bank Of America

Browse other Companies in the Financial Services Industry

What does a Loan Officer do at companies like Bank Of America?

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

See user submitted job responsibilities for Loan Officer.

Check out Loan Officer jobs in Ashburn, Virginia

Regional Supervisor - Agricultural Division

FIRST BANK AND TRUST COMPANY - Abingdon, VA

Mortgage Loan Officer

Burke & Herbert Bank & Trust - Alexandria, VA

$84,123 Low Average $99,574 High $113,450

Understand the total compensation opportunity for Loan Officer at companies like Bank Of America, base salary plus other pay elements

Average Base Salary

Core compensation

 
 
 
$84,123
$113,450
$99,574

Average Total Cash Compensation

Includes base and annual incentives

 
 
 
$88,747
$123,992
$107,948
These charts show the average base salary (core compensation), as well as the average total cash compensation for Loan Officer in companies like Bank Of America in the United States. The base salary for Loan Officer in companies like Bank Of America range from $84,123 to $113,450 with the average base salary of $99,574. The total cash compensation, which includes bonus, and annual incentives, can vary anywhere from $88,747 to $123,992 with the average total cash compensation of $107,948.
Job Openings for Bank Of America Loan Officer
Chartway Credit Union - Virginia Beach , VA
Commercial Loan Officer Job Type: Full-time Location: Virginia Beach, Virginia All of us at Chartway stand united in our strong culture of listening and learning. We treat people with respect ...
LinkedIn - 26 days ago
CityScape Metro Group - Reston , VA
We are looking for an experienced, service, and detail-oriented mortgage loan officer to join our team. We believe in removing obstacles and creating a supportive environment for you to thrive in. If ...
ZipRecruiter ATS Jobs for ZipSearch/ZipAlerts - 29 days ago
EmpowerHome Mortgage - Vienna , VA
Minimum of 2 years loan officer experience, or industry equivalent or Branch Manager deems history acceptable * NMLS registration required * Proven ability to read, write, and communicate at a level ...
ZipRecruiter ATS Jobs for ZipSearch/ZipAlerts - 38 days ago
UNITED 1 MORTGAGE CORPORATION - Tysons Corner , VA
We are seeking a Licensed Mortgage Loan Officer to become a part of our team! You will evaluate and authorize approval of real estate mortgage loans. Responsibilities: * Advise borrowers on financial ...
ZipRecruiter - 80 days ago
Buckingham Mortgage LLC - Tysons Corner , VA
Must be currently working as a loan officer * Have an active pipeline * Dedicated to full-time work What You'll Gain: * A lucrative compensation plan with uncapped commissions and immediate payouts ...
ZipRecruiter - 9 days ago
The Federal Savings Bank - Norfolk , VA
The coaching & training program for this role was developed by our EVP based on his own experiences as a loan officer and army veteran. If you are a military spouse looking to serve your community ...
ZipRecruiter ATS Jobs for ZipSearch/ZipAlerts - 62 days ago

Are you an HR manager or compensation specialist?

Salary.com's CompAnalyst platform offers:

  • Detailed skills and competency reports for specific positions
  • Job and employee pricing reports
  • Compensation data tools, salary structures, surveys and benchmarks.
Learn about CompAnalyst