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Licensed Loan Officer Salary in Rhode Island

How much does a Licensed Loan Officer make in Rhode Island? The salary range for a Licensed Loan Officer job is from $37,249 to $48,827 per year in Rhode Island. 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
$42,270
Per Year
The average salary for a Licensed Loan Officer is $42,270
per Year in Rhode Island.
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
$37,249
$42,270
Medium
$48,827

Highest Paying Cities for Licensed Loan Officer in Rhode Island

Here are the top eight that pay the highest Licensed Loan Officer salary in RI. Due to the cost of living in different locations, the Licensed Loan Officer salary will also be different. Westerly with the highest wage for the Licensed Loan Officer in Rhode Island has a high living wage too. Explore more salary information by clicking the city name.

States with Higher Salaries for Licensed Loan Officer

Licensed Loan Officer works in Rhode Island will receive the highest salary in the United States, followed by California, New Jersey. These states have more job opportunities than other places. At the same time, the competition will be fiercer too. People need to improve their competitiveness to get a job in these cities.

How Much Do Similar Professions Get Paid in Rhode Island?

The Licensed Loan Officer jobs have a lot of different directions. And, the job title can also be quite different from in diverse companies. Some job titles may not include the Licensed Loan Officer, while they have the Licensed Loan Officer responsibilities. So, here are some similar jobs and their salaries. Click the link which you are interested in to explore more data.
Licensed Lending Officer
Average salary
United States
$83,125
per Year
Loan Officer
Average salary
United States
$70,693
per Year
Loan Officer I
Average salary
United States
$54,430
per Year
Loan Officer III
Average salary
United States
$99,200
per Year
Loan Officer II
Average salary
United States
$78,530
per Year

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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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Hopkinton pays the highest Licensed Loan Officer wage. Get personal salary report to explore more salary information in different cities.
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The Licensed Loan Officer salary range is $37,249 to $48,827 in RI.
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