How Much Does a Loan Officer Trainee Make?

Updated November 23, 2022

Individually reported data submitted by users of our website

Low Confidence
$40,888/yr
Average Base Pay
Low $35,969
Average $40,888
High $47,654
The average salary for Loan Officer Trainee is $40,888 per year in the United States.

Related Job Titles to Loan Officer Trainee

Loan Processor Trainee
$40,517
US
Per Year
Officer Trainee
$58,817
US
Per Year
Loan Officer
$70,986
US
Per Year
Commercial Loan Officer I
$70,287
US
Per Year

Similar Job Salaries to Loan Officer Trainee by Company

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Company average base salary in (usd) range
Southwest GA Farm Credit, ACA
Loan Officer/Loan Officer Trainee
$47,004/yr
$38,285
$55,722
RANGE: $38,285 - $55,722
Bank Iowa
Loan Officer Trainee
$69,315/yr
$60,376
$78,254
RANGE: $60,376 - $78,254
American National Bank of Texas
Mortgage Loan Officer Trainee
$41,693/yr
$35,864
$47,523
RANGE: $35,864 - $47,523
AG New Mexico Farm Credit
LOAN OFFICER TRAINEE
$53,006/yr
$40,746
$65,267
RANGE: $40,746 - $65,267
FCS Financial
Loan Officer Trainee
$98,640/yr
$80,813
$116,468
RANGE: $80,813 - $116,468
GoodLeap
Loan Officer Trainee
$56,883/yr
$48,011
$65,755
RANGE: $48,011 - $65,755
South Bay Equity Lending
Loan Officer Trainee
$114,943/yr
$95,809
$134,076
RANGE: $95,809 - $134,076
$57,419/yr
$50,517
$64,321
RANGE: $50,517 - $64,321

Open Loan Officer Trainee Jobs in the United States

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What Does a Loan Officer Trainee Do?

Accountant, Compliance Investigator, County Operations Trainee, Economist, Engineer, Farm Loan Officer Trainee (Farm Loan Assistant), Farm Loan Program Technician, Statistician.
Updated December 19, 2021
However, some processors are actually more knowledgeable than the more sales-oriented loan officers because they handle more volume and may have more years of mortgage experience under their belt.
Updated December 19, 2021
While the loan officer or broker may be the person who “got you the loan” to begin with, it’s the processor that will likely take over once you’ve been “sold.”.
Updated December 15, 2021
If you are thinking of becoming a Loan Officer Trainee or planning the next step in your career, find details about.
Updated December 06, 2021
A loan processor deals with lots of paperwork and basically assists the loan officer in closing the loan.
Updated December 04, 2021

Frequently Asked Questions About a Loan Officer Trainee Salaries

What is the average of a Loan Officer Trainee in the United States?

The Loan Officer Trainee salary range is from $35,969 to $47,654, and the average Loan Officer Trainee salary is $40,888/year in the United States. The Loan Officer Trainee's salary will change in different locations.

Which location pays the highest Loan Officer Trainee salary in the United States?

The Loan Officer Trainee salary in San Jose, CA is $51,315 which is the highest in the US.

What kinds of reasons will influence the Loan Officer Trainee'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 Loan Officer Trainee.

What is the growth rate of the Loan Officer Trainee's salary?

If you are thinking of becoming a Loan Officer Trainee or planning the next step in your career, find the detailed salary report of a Loan Officer Trainee.

Recent Salary Report

Below are the most recent Loan Officer Trainee salary reports. Employer name has been removed to protect anonymity.

$49,445 Yearly
A Loan Officer Trainee in Saint Joseph, MO reported making $49,445 per year
Saint Joseph, MO
6 - 1,000 employees
Full-Time
Company - Private
$31,547 Yearly
A Loan Officer Trainee in Missoula, MT reported making $31,547 per year
Missoula, MT
100 - 200 employees
Full-Time
Company - Private
$2,961 Monthly
A Loan Officer Trainee in Plano, TX reported making $2,961 per month
Plano, TX
1,000 - 3,000 employees
Full-Time
Company - Public
$23 Hourly
A Loan Officer Trainee in Milwaukee, WI reported making $23 per hour
Milwaukee, WI
3,000 - 7,6 employees
Part-Time
Company - Public
$23 Hourly
A Loan Officer Trainee in Ventura, CA reported making $23 per hour
Ventura, CA
7,6 - 15,000 employees
Part-Time
Company - Public
$35,099 Yearly
A Loan Officer Trainee in Logan, UT reported making $35,099 per year
Logan, UT
200 - 6 employees
Full-Time
Company - Private