How Much Does a Loan Officer Trainee Make in South Dakota?

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

Low Confidence
$43,555/yr
Average Base Pay
Low $36,535
Average $43,555
High $50,571
The average salary for Loan Officer Trainee is $43,555 per year in South Dakota.

Related Job Titles to Loan Officer Trainee

Agricultural Loan Officer
$93,998
South Dakota
Per Year
Loan Processor Trainee
$42,616
South Dakota
Per Year
Officer Trainee
$53,256
South Dakota
Per Year
Loan Officer
$59,527
South Dakota
Per Year

Similar Job Salaries to Loan Officer Trainee by Company

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Company average base salary in (usd) range
1st Financial Bank USA
Loan Officer
$95,880/yr
$79,990
$111,770
RANGE: $79,990 - $111,770
$95,880/yr
$79,990
$111,770
RANGE: $79,990 - $111,770
$81,710/yr
$67,735
$95,685
RANGE: $67,735 - $95,685
Liberty National Bank
Ag Loan Officer
$72,245/yr
$60,139
$84,351
RANGE: $60,139 - $84,351
The Executive Group
Commercial Loan Officer
$95,169/yr
$79,441
$110,896
RANGE: $79,441 - $110,896
Castle & Cooke Mortgage
Mortgage Loan Officer Retail
$80,874/yr
$69,358
$92,391
RANGE: $69,358 - $92,391
First Dakota National Bank
Loan Production Officer
$87,752/yr
$75,169
$100,335
RANGE: $75,169 - $100,335
$52,579/yr
$45,433
$59,725
RANGE: $45,433 - $59,725
First Savings Banks
Ag/Commercial Loan Officer
$117,385/yr
$93,144
$141,627
RANGE: $93,144 - $141,627
Dakotaland Federal Credit Union
Consumer Loan Officer
$69,498/yr
$58,539
$80,457
RANGE: $58,539 - $80,457

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Top 10 Highest Paying Cities For Loan Officer Trainee Jobs in South Dakota

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 South Dakota. 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 South Dakota. Sioux Falls takes first place in this list, followed by Brookings, Watertown. The Loan Officer Trainee salary is $43,991 in Sioux Falls, which is lower than the national average. There is 0 city's Loan Officer Trainee salary higher than national average in South Dakota.
The average salary for a Loan Officer Trainee in South Dakota is $43,555, but we found that the city with the highest salary for Loan Officer Trainee jobs is Sioux Falls, SD, and it is higher than Brookings. Loan Officer Trainee jobs in Sioux Falls can have the opportunity to earn higher salaries than in other cities in South Dakota.
CITY ANNUAL SALARY MONTHLY PAY WEEKLY PAY HOURLY WAGE
Sioux Falls $43,991 $3,666 $846 $21
Brookings $43,264 $3,605 $832 $21
Watertown $43,264 $3,605 $832 $21
Rapid City $43,119 $3,593 $829 $21
Deadwood $42,392 $3,533 $815 $20
Pierre $40,794 $3,399 $784 $20
Aberdeen $40,067 $3,339 $771 $19

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 South Dakota?

The Loan Officer Trainee salary range is from $36,535 to $50,571, and the average Loan Officer Trainee salary is $43,555/year in South Dakota. 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.