Direct Lending Loan Officer Salaries in Illinois
How Much Does a Direct Lending Loan Officer Make in Illinois?
Updated April 01, 2025
As of April 01, 2025,
the average annual pay of Direct Lending Loan Officer in Illinois is $74,357.
While Salary.com is seeing that Direct Lending Loan Officer salary in IL can go up to $95,041
or down to $55,407, but most earn between $64,438 and $85,184.
Salary ranges can vary widely depending on many important factors,
including education, certifications, additional skills, and your experience levels.
With more online, real-time compensation data than any other website, Salary.com helps you determine your exact pay target.
Related Job Titles to Direct Lending Loan Officer
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Similar Job Salaries to Direct Lending Loan Officer by Company
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| Company | average base salary in (usd) | range |
|---|---|---|
|
BCforward
Syndicated Lending Loan analyst
|
$74,324/yr
|
RANGE: $66,234 - $82,415
|
|
Principal Financial Group
Associate, Underwriter (Direct Lending)
|
$105,141/yr
|
RANGE: $95,579 - $114,703
|
|
FIRST COMMUNITY CREDIT UNION
Direct Lending Professional
|
$67,574/yr
|
RANGE: $60,770 - $74,379
|
|
Byron Bank
Chief Lending Officer
|
$141,732/yr
|
RANGE: $127,855 - $155,609
|
|
BankTalent HQ
Chief Lending Officer
|
$142,684/yr
|
RANGE: $128,914 - $156,455
|
|
Crown Mortgage Company
Loan Officer
|
$79,156/yr
|
RANGE: $71,131 - $87,180
|
|
Mutual of Omaha Mortgage
Loan Officer
|
$58,438/yr
|
RANGE: $52,705 - $64,170
|
|
Lennar Mortgage
Loan Officer
|
$78,166/yr
|
RANGE: $70,242 - $86,090
|
|
First National Bank of Ava
Loan Officer
|
$73,481/yr
|
RANGE: $66,032 - $80,930
|
|
City National Bank
Residential Lending Loan Officer
|
$83,169/yr
|
RANGE: $74,023 - $92,315
|
Top 10 Highest Paying Cities For Direct Lending Loan Officer Jobs in Illinois
It is important to understand how location impacts your career prospects in the United States.
There are some cities where a Direct Lending Loan Officer can find a job easily with a greater salary paid then achieve a higher standard of living.
Below is the top cities list for Direct Lending Loan Officer job salaries in Illinois.
Some cities can pay higher salaries for Direct Lending Loan Officer jobs, which can indicate that there is a large demand for Direct Lending Loan Officer positions in this city.
The following table shows top 10 cities where the Direct Lending Loan Officer salary is higher than other cities in Illinois.
Chicago takes first place in this list, followed by Cicero, Oak Park.
The Direct Lending Loan Officer salary is $75,386 in Chicago,
which is higher than the national average. There are 20 cities' Direct Lending Loan Officer salary higher than national average in Illinois.
The average salary for a Direct Lending Loan Officer in Illinois is $74,357,
but we found that the city with the highest salary for Direct Lending Loan Officer jobs is Chicago, IL, and it is higher than Cicero.
Direct Lending Loan Officer jobs in Chicago can have the opportunity to earn higher salaries than in other cities in Illinois.
| CITY | ANNUAL SALARY | MONTHLY PAY | WEEKLY PAY | HOURLY WAGE |
| Chicago | $75,386 | $6,282 | $1,450 | $36 |
| Cicero | $75,386 | $6,282 | $1,450 | $36 |
| Oak Park | $75,386 | $6,282 | $1,450 | $36 |
| Evanston | $75,357 | $6,280 | $1,449 | $36 |
| Skokie | $75,357 | $6,280 | $1,449 | $36 |
| Oak Lawn | $75,298 | $6,275 | $1,448 | $36 |
| Des Plaines | $75,182 | $6,265 | $1,446 | $36 |
| Mount Prospect | $75,123 | $6,260 | $1,445 | $36 |
| Aurora | $74,802 | $6,234 | $1,439 | $36 |
| Hoffman Estates | $74,737 | $6,228 | $1,437 | $36 |
What Does a Direct Lending Loan Officer Do?
If the loan is approved, the loan officer is responsible for preparing the appropriate documentation and the loan closing documents.
Updated November 13, 2021
The BLS reports that approximately 25,000 openings for loan officers are projected each year, on average, over the decade.
Updated December 21, 2021
Our loan officers are here to support you with any questions or concerns you may have (which is what humans are actually good at).
Updated December 20, 2021
You would need to do a lot of self study and master mortgage processing since you are a new loan officer.
Updated December 20, 2021
A direct lender is a financial institution or private entity that actually provides the loan for a mortgage.
Updated December 18, 2021
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Explore JobArchitectFrequently Asked Questions About a Direct Lending Loan Officer Salaries
What is the average of a Direct Lending Loan Officer in Illinois?
The Direct Lending Loan Officer salary range is from $64,438 to $85,184, and the average Direct Lending Loan Officer salary is $74,357/year in Illinois.
The Direct Lending Loan Officer's salary will change in different locations.
Which location pays the highest Direct Lending Loan Officer salary in the United States?
The Direct Lending Loan Officer salary in San Jose, CA is $92,011
which is the highest in the US.
What kinds of reasons will influence the Direct Lending Loan Officer's salary?
Besides the location, employees' education degree, related skills, and work experience also will influence the salary.
Try to improve your skills and experience to get a higher salary for the position of Direct Lending Loan Officer.
What is the growth rate of the Direct Lending Loan Officer's salary?
If you are thinking of becoming a Direct Lending Loan Officer or planning the next step in your career, find the detailed salary report of a Direct Lending Loan Officer.
