How Much Does a Loan Officer Trainee Make in New Mexico?

Updated March 26, 2024
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Individually reported data submitted by users of our website

Low Confidence
$44,669/yr
Average Base Pay
Low $37,470
Average $44,669
High $51,864
The average salary for Loan Officer Trainee is $44,669 per year in New Mexico.

Related Job Titles to Loan Officer Trainee

Agricultural Loan Officer
$96,402
New Mexico
Per Year
Loan Processor Trainee
$43,707
New Mexico
Per Year
Officer Trainee
$54,619
New Mexico
Per Year
Loan Officer
$61,050
New Mexico
Per Year

Similar Job Salaries to Loan Officer Trainee by Company

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Company average base salary in (usd) range
Summit Funding
Loan Officer
$86,630/yr
$71,737
$101,523
RANGE: $71,737 - $101,523
Keypath Mortgage
Mortgage Loan Officer
$97,463/yr
$76,912
$118,014
RANGE: $76,912 - $118,014
SANDIA AREA FEDERAL CREDIT UNION
CONSUMER UNDERWRITER/LOAN OFFICER
$71,839/yr
$60,652
$83,027
RANGE: $60,652 - $83,027
Homewise
Solar Loan Officer
$63,634/yr
$52,491
$74,778
RANGE: $52,491 - $74,778
Motto Mortgage First Class
Mortgage Loan Officer
$61,365/yr
$54,297
$68,433
RANGE: $54,297 - $68,433
Guardian Mortgage Company, Inc
Retail Mortgage Loan Officer
$99,959/yr
$86,852
$113,065
RANGE: $86,852 - $113,065
Dona Ana County
Detention Center Officer Trainee
$37,254/yr
$31,590
$42,919
RANGE: $31,590 - $42,919
Mission San Jose Mortgage
Mortgage Loan Officer or have passed the NMLS Safe Test
$76,780/yr
$64,166
$89,395
RANGE: $64,166 - $89,395
$45,509/yr
$40,004
$51,015
RANGE: $40,004 - $51,015

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Top 10 Highest Paying Cities For Loan Officer Trainee Jobs in New Mexico

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 New Mexico. 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 New Mexico. Santa Fe takes first place in this list, followed by Albuquerque, Rio Rancho. The Loan Officer Trainee salary is $45,784 in Santa Fe, which is lower than the national average. There is 0 city's Loan Officer Trainee salary higher than national average in New Mexico.
The average salary for a Loan Officer Trainee in New Mexico is $44,669, but we found that the city with the highest salary for Loan Officer Trainee jobs is Santa Fe, NM, and it is higher than Albuquerque. Loan Officer Trainee jobs in Santa Fe can have the opportunity to earn higher salaries than in other cities in New Mexico.
CITY ANNUAL SALARY MONTHLY PAY WEEKLY PAY HOURLY WAGE
Santa Fe $45,784 $3,815 $880 $22
Albuquerque $45,541 $3,795 $876 $22
Rio Rancho $45,396 $3,783 $873 $22
Farmington $44,960 $3,747 $865 $22
Clovis $43,264 $3,605 $832 $21
Alamogordo $43,216 $3,601 $831 $21
Hobbs $42,877 $3,573 $825 $21
Roswell $42,489 $3,541 $817 $20
Sunland Park $42,199 $3,517 $812 $20
Las Cruces $41,956 $3,496 $807 $20

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 New Mexico?

The Loan Officer Trainee salary range is from $37,470 to $51,864, and the average Loan Officer Trainee salary is $44,669/year in New Mexico. 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 $60,803 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.