How much does a Lending Officer I make at companies like FS Bancorp, Inc. in the United States? The average salary for Lending Officer I at companies like FS Bancorp, Inc. in the United States is $59,795 as of March 26, 2024, but the range typically falls between $51,811 and $66,516. 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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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)
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