Loan Officer Trainee Salaries in Minnesota
How Much Does a Loan Officer Trainee Make in Minnesota?
Updated April 01, 2025
As of April 01, 2025,
the average annual pay of Loan Officer Trainee in Minnesota is $50,769.
While Salary.com is seeing that Loan Officer Trainee salary in MN can go up to $65,818
or down to $35,918, but most earn between $42,996 and $58,646.
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 Loan Officer Trainee
Facing Salary Structure Challenges? Let Our Expert Guide You
The job market is increasingly challenging. Our whitepaper, Navigating the Challenges of Creating Salary Structures, offers guidance on creating salary structures. Provide your phone number and work email to download the full version.
We will handle your contact details in line with our Privacy Policy.
If you prefer not to receive marketing emails from Salary.com, you can opt-out out of marketing communications at any time by clicking unsubscribe.
Choose a prefer time
Choose Your Preferred Time
All times are listed as US Eastern time (Boston/New York)
-
9:00 AM-9:30 AM
-
9:30 AM-10:00 AM
-
10:00 AM-10:30 AM
-
10:30 AM-11:00 AM
-
11:00 AM-11:30 AM
-
11:30 AM-12:00 PM
-
12:00 PM-12:30 PM
-
12:30 PM-1:00 PM
-
1:00 PM-1:30 PM
-
1:30 PM-2:00 PM
-
2:00 PM-2:30 PM
-
2:30 PM-3:00 PM
-
3:00 PM-3:30 PM
-
3:30 PM-4:00 PM
-
4:00 PM-4:30 PM
-
4:30 PM-5:00 PM
-
5:00 PM-5:30 PM
-
5:30 PM-6:00 PM
-
6:00 PM-6:30 PM
-
6:30 PM-7:00 PM
-
7:00 PM-7:30 PM
-
7:30 PM-8:00 PM
Similar Job Salaries to Loan Officer Trainee by Company
Loading results...
| Company | average base salary in (usd) | range |
|---|---|---|
|
Synectics Inc
Loan Officer
|
$84,794/yr
|
RANGE: $75,924 - $93,664
|
|
Caliver Beach Mortgage
Loan Officer
|
$73,558/yr
|
RANGE: $66,101 - $81,014
|
|
State of Minnesota
Loan Officer
|
$78,473/yr
|
RANGE: $70,518 - $86,428
|
|
Blaze Credit Union
Branch Mortgage Loan Officer
|
$74,785/yr
|
RANGE: $67,578 - $81,993
|
|
CCM CrossCountry Mortgage, LLC
Loan Officer Assistant
|
$59,459/yr
|
RANGE: $53,473 - $65,444
|
|
Builders Capital
Loan Officer - Hybrid
|
$77,204/yr
|
RANGE: $69,037 - $85,371
|
|
Finlayson Bancshares
VP/Commercial Loan Officer
|
$118,809/yr
|
RANGE: $104,974 - $132,644
|
|
First International Bank & Trust
Commercial Loan Officer
|
$101,087/yr
|
RANGE: $89,767 - $112,406
|
|
The First National Bank of Bemidji
Retail Loan Officer
|
$91,285/yr
|
RANGE: $80,091 - $102,478
|
|
CrossCountry Mortgage, LLC
Loan Officer Assistant
|
$60,290/yr
|
RANGE: $54,220 - $66,359
|
Top 10 Highest Paying Cities For Loan Officer Trainee Jobs in Minnesota
It is important to understand how location impacts your career prospects in the United States.
There are some cities where a Loan Officer Trainee can find a job easily with a greater salary paid then achieve a higher standard of living.
Below is the top cities list for Loan Officer Trainee job salaries in Minnesota.
Some cities can pay higher salaries for Loan Officer Trainee jobs, which can indicate that there is a large demand for Loan Officer Trainee positions in this city.
The following table shows top 10 cities where the Loan Officer Trainee salary is higher than other cities in Minnesota.
Minneapolis takes first place in this list, followed by Saint Paul, Minnetonka.
The Loan Officer Trainee salary is $51,925 in Minneapolis,
which is higher than the national average. There are 7 cities' Loan Officer Trainee salary higher than national average in Minnesota.
The average salary for a Loan Officer Trainee in Minnesota is $50,769,
but we found that the city with the highest salary for Loan Officer Trainee jobs is Minneapolis, MN, and it is higher than Saint Paul.
Loan Officer Trainee jobs in Minneapolis can have the opportunity to earn higher salaries than in other cities in Minnesota.
| CITY | ANNUAL SALARY | MONTHLY PAY | WEEKLY PAY | HOURLY WAGE |
| Minneapolis | $51,925 | $4,327 | $999 | $25 |
| Saint Paul | $51,925 | $4,327 | $999 | $25 |
| Minnetonka | $51,925 | $4,327 | $999 | $25 |
| Eden Prairie | $51,836 | $4,320 | $997 | $25 |
| Burnsville | $51,776 | $4,315 | $996 | $25 |
| Lakeville | $51,597 | $4,300 | $992 | $25 |
| Rochester | $49,737 | $4,145 | $956 | $24 |
| Saint Cloud | $48,943 | $4,079 | $941 | $24 |
| Duluth | $47,589 | $3,966 | $915 | $23 |
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
Empower Your Talent Strategy with Salary.com's Skills Library.
Struggling with Managing Your Job Descriptions?
View Job Skills and Competency Data for more than 15,000 Job Titles, 18 Industries, and 26 Job Families.
Skills LibraryOur job description management tool- JobArchitect streamlines your job description process. Say goodbye to the hassle of crafting job descriptions.
Explore JobArchitectFrequently Asked Questions About a Loan Officer Trainee Salaries
What is the average of a Loan Officer Trainee in Minnesota?
The Loan Officer Trainee salary range is from $42,996 to $58,646, and the average Loan Officer Trainee salary is $50,769/year in Minnesota.
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 $62,577
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.
