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Licensed Loan Officer Salary in Newark, NJ

How much does a Licensed Loan Officer make in Newark, NJ? The salary range for a Licensed Loan Officer job is from $40,318 to $52,849 per year in Newark, NJ. Click on the filter to check out Licensed Loan Officer job salaries by hourly, weekly, biweekly, semimonthly, monthly, and yearly.

Average base salary
updated at December 01, 2024
$45,752
Per Year
The average salary for a Licensed Loan Officer is $45,752
per Year in Newark, NJ.
Individually reported data submitted by users of our website

HOW SHOULD YOU USE THIS DATA?

Employees: Use this as a guide for salary expectations, but be aware that responsibilities can change across companies for the same job title, so there may be differences between this data, other free site and our subscription products bought by employers.

Employers: This data could be used as reference point in your market pricing, but not the only source, due to differences across jobs locations, and sizes of companies.Consider additional sources like our Employer reported data.

Base Salary
$40,318
$45,752
Medium
$52,849

Highest Paying Cities for Licensed Loan Officer near Newark, NJ

We list eight cities that pay high wages to Licensed Loan Officer near Newark. The salary difference may cause by many reasons, such as the cost of living. The competition will also be fiercer where wages are high. Click the city name to learn more about the Licensed Loan Officer pay level in these cities.

States with Higher Salaries for Licensed Loan Officer

Here are the top five states that pay the highest Licensed Loan Officer salary in the United States. District of Columbia takes first place with the highest Licensed Loan Officer salary is $45,064 per Year. California and New Jersey take the second and third place with $44,659 per Year and $44,376 per Year in the list. A higher average Licensed Loan Officer salary indicates a higher cost of living too.

How Much Do Similar Professions Get Paid in Newark, NJ?

The following job titles have similar responsibilities as a Licensed Loan Officer. However, the different job titles may have different salaries. Learn each job, and finger out the most suitable position with the highest wage for you in your city.
Licensed Lending Officer
Average salary
United States
$89,973
per Year
Loan Officer
Average salary
United States
$76,517
per Year
Loan Officer I
Average salary
United States
$58,910
per Year
Loan Officer III
Average salary
United States
$107,400
per Year
Loan Officer II
Average salary
United States
$84,990
per Year

How Much Should You Be Earning?

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What Does a Licensed Loan Officer Do?

In states like California and Florida, for example, many real estate agents are also licensed mortgage loan officers.

December 19, 2021

The National Mortgage Licensing Service (NMLS) requires mortgage loan officers to take certain pre-licensure courses to ensure they thoroughly understand what this career entails.

December 19, 2021

Becoming a mortgage loan officer or loan originator is possible to do on a full-time or part-time schedule.

December 15, 2021

If you want to become a mortgage loan officer, you probably have a number of questions about what the position entails.

December 09, 2021

As such, however, it's also a common misconception that working as both a real estate agent and a mortgage loan officer at the same time is a conflict of interest and not allowed.

December 08, 2021

Most Common Benefits for Licensed Loan Officer

Social Security
Healthcare
401(k)
Pension
Disability
Time Off (days)

Frequently Asked Questions

Common questions about salaries for a Licensed Loan Officer
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In states like California and Florida, for example, many real estate agents are also licensed mortgage loan officers.
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Check the below career pages for detailed pay ranges for similar professions to Licensed Loan Officer:
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Explore our personal salary report to know the Licensed Loan Officer market value in Newark, NJ. And find out if any places are having a higher Licensed Loan Officer salary.
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The average salary of a Licensed Loan Officer is $45,752 in Newark, NJ.
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