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 $99,735 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

About Bank Of America

Browse other Companies in the Financial Services Industry

Employers: Find Surveys For This Job Employees: Get a Salary Increase Employers: Price Your Company Jobs

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 Columbus, Ohio

LOAN OFFICER

American Pacific Mortgage - Berea, OH

Apply Now

Sr. Corporate Loan Processor

CrossCountry Mortgage, LLC. - Cleveland, OH

Apply Now

Member Service Representative III (Loan Officer)

Education First Credit Union - Columbus, OH

Apply Now

Loan Officer Assistant

M/I Homes - Columbus, OH

Apply Now
Search More Loan Officer Jobs in Columbus, Ohio
$84,253 Low Average $99,735 High $113,642
View Career and Salary Advice
View Loan Officer Hourly Wages

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

 
 
 
$84,253
$113,642
$99,735

Average Total Cash Compensation

Includes base and annual incentives

 
 
 
$88,887
$124,203
$108,131
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 $84,253 to $113,642 with the average base salary of $99,735. The total cash compensation, which includes bonus, and annual incentives, can vary anywhere from $88,887 to $124,203 with the average total cash compensation of $108,131.

Search Job Openings

Job Openings for Bank Of America Loan Officer
Agency Banking Comm Loan Officer 2
Westfield Bank - Westfield Center , OH
Mike Wagar Agency Banking Commercial Loan Officer 2 Job Summary The Agency Banking Commercial Loan Officer 2 is responsible for representing Westfield Bank to potential external customers for the ...
ZipRecruiter - 36 days ago
Mortgage Loan Officer
Lee Wealth Group Mortgage - Columbus , OH
We are a tight-knit group of lending professionals seeking an experienced and detail-oriented mortgage loan officer. If you are looking to take the next step in your career, apply now! Compensation ...
ZipRecruiter ATS Jobs for ZipSearch/ZipAlerts - 55 days ago
Mortgage Loan Processor
UNIFIED BANK - Martins Ferry , OH
Performs all tasks necessary to take a residential or consumer loan application from the point where the application package is delivered by the loan officer, to the point where the loan is closed
ZipRecruiter - 34 days ago
Mortgage Loan Assistant
StraussGroup - Executive Search Consultants - Columbus , OH
As a Mortgage Loan Assistant , you will work in tandem with our Loan Officers to assist and support the various aspects of the loan process. Though you're prohibited from performing activities that ...
LinkedIn - 43 days ago
eMember Service Specialist
Sun Federal Credit Union - Maumee , OH
Cross-sells and refers members to consumer or mortgage loan officers, Wealth Management, or other business partners based on member needs over electronic communication (online, email, phone and or ...
ZipRecruiter - 11 days ago
Mortgage Originator Market Leader
YourWayHome.com LLC - Parma , OH
This position is for a producing manager that will serve as market leader and receive an override on other loan officers in your market. We are part of a NASDAQ traded public company that owns a real ...
ZipRecruiter ATS Jobs for ZipSearch/ZipAlerts - 32 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