How Much Does a Loan Officer Trainee Make?

Updated March 26, 2024

Individually reported data submitted by users of our website

Low Confidence
$48,448/yr
Average Base Pay
Low $40,639
Average $48,448
High $56,252
The average salary for Loan Officer Trainee is $48,448 per year in the United States.

Related Job Titles to Loan Officer Trainee

Agricultural Loan Officer
$104,558
US
Per Year
Loan Processor Trainee
$47,404
US
Per Year
Officer Trainee
$59,240
US
Per Year
Loan Officer
$66,214
US
Per Year

Similar Job Salaries to Loan Officer Trainee by Company

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Company average base salary in (usd) range
Village of Brighton
Police Officer
$62,801/yr
$58,003
$67,598
RANGE: $58,003 - $67,598
OSF HealthCare
Security Officer
$57,110/yr
$47,266
$66,954
RANGE: $47,266 - $66,954
Loyola University Chicago
POLICE OFFICER
$67,846/yr
$62,663
$73,028
RANGE: $62,663 - $73,028
$48,119/yr
$41,894
$54,344
RANGE: $41,894 - $54,344
Bella Terra Lombard
Security Officer
$45,488/yr
$39,786
$51,191
RANGE: $39,786 - $51,191
Field Museum
Lead Officer
$67,384/yr
$56,732
$78,036
RANGE: $56,732 - $78,036
$40,787/yr
$35,674
$45,901
RANGE: $35,674 - $45,901
corecivic
Correctional Officer
$49,270/yr
$43,820
$54,721
RANGE: $43,820 - $54,721
City of Lima
Police Officer
$60,860/yr
$56,211
$65,510
RANGE: $56,211 - $65,510

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 $40,639 to $56,252, and the average Loan Officer Trainee salary is $48,448/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 $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.

Recent Salary Report

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

$28 Hourly
A Loan Officer Trainee in Milwaukee, WI reported making $28 per hour
Milwaukee, WI
3,000 - 7,6 employees
Part-Time
Company - Public
$60,384 Yearly
A Loan Officer Trainee in Saint Joseph, MO reported making $60,384 per year
Saint Joseph, MO
6 - 1,000 employees
Full-Time
Company - Private
$28 Hourly
A Loan Officer Trainee in Ventura, CA reported making $28 per hour
Ventura, CA
7,6 - 15,000 employees
Part-Time
Company - Public
$41,073 Yearly
A Loan Officer Trainee in Logan, UT reported making $41,073 per year
Logan, UT
200 - 6 employees
Full-Time
Company - Private
$3,477 Monthly
A Loan Officer Trainee in Plano, TX reported making $3,477 per month
Plano, TX
1,000 - 3,000 employees
Full-Time
Company - Public
$35,759 Yearly
A Loan Officer Trainee in Missoula, MT reported making $35,759 per year
Missoula, MT
100 - 200 employees
Full-Time
Company - Private