How Much Does a Loan Operations Officer Make in Minnesota?

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

Low Confidence
$89,829/yr
Average Base Pay
Low $74,123
Average $89,829
High $106,181
The average salary for Loan Operations Officer is $89,829 per year in Minnesota.

Related Job Titles to Loan Operations Officer

Middle Market Loan Officer
$111,100
Minnesota
Per Year
Agricultural Loan Officer
$106,963
Minnesota
Per Year
Loan Officer
$67,737
Minnesota
Per Year
Consumer Loan Officer I
$51,705
Minnesota
Per Year

Similar Job Salaries to Loan Operations Officer by Company

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Company average base salary in (usd) range
M&M Mortgage, LLC
Loan Officer
$78,144/yr
$63,608
$92,681
RANGE: $63,608 - $92,681
Mann Mortgage LLC
Loan Officer
$112,036/yr
$93,468
$130,604
RANGE: $93,468 - $130,604
Citizens Alliance Bank
Loan Officer
$78,994/yr
$65,964
$92,024
RANGE: $65,964 - $92,024
TEKsystems
Loan Officer
$52,573/yr
$45,612
$59,534
RANGE: $45,612 - $59,534
EZ Mortgage .Store
Loan Officer
$104,856/yr
$87,478
$122,234
RANGE: $87,478 - $122,234
Lennar Corporation
Loan Officer
$111,825/yr
$93,292
$130,358
RANGE: $93,292 - $130,358
$112,036/yr
$93,468
$130,604
RANGE: $93,468 - $130,604
Mann Mortgage LLC
Licensed Loan Officer Assistant
$43,355/yr
$37,414
$49,296
RANGE: $37,414 - $49,296
Affinity Plus
Loan Officer - Virginia, MN
$101,054/yr
$84,306
$117,802
RANGE: $84,306 - $117,802
Coulee Bank
Mortgage Loan Officer
$79,804/yr
$66,432
$93,176
RANGE: $66,432 - $93,176

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Top 10 Highest Paying Cities For Loan Operations Officer 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 Operations Officer 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 Operations Officer job salaries in Minnesota. Some cities can pay higher salaries for Loan Operations Officer jobs, which can indicate that there is a large demand for Loan Operations Officer positions in this city.
The following table shows top 10 cities where the Loan Operations Officer salary is higher than other cities in Minnesota. Minneapolis takes first place in this list, followed by Saint Paul, Minnetonka. The Loan Operations Officer salary is $93,165 in Minneapolis, which is higher than the national average. There are 7 cities' Loan Operations Officer salary higher than national average in Minnesota.
The average salary for a Loan Operations Officer in Minnesota is $89,829, but we found that the city with the highest salary for Loan Operations Officer jobs is Minneapolis, MN, and it is higher than Saint Paul. Loan Operations Officer 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 $93,165 $7,764 $1,792 $45
Saint Paul $93,165 $7,764 $1,792 $45
Minnetonka $93,165 $7,764 $1,792 $45
Eden Prairie $92,990 $7,749 $1,788 $45
Burnsville $92,902 $7,742 $1,787 $45
Lakeville $92,551 $7,713 $1,780 $44
Rochester $88,072 $7,339 $1,694 $42
Saint Cloud $86,580 $7,215 $1,665 $42
Duluth $84,824 $7,069 $1,631 $41

What Does a Loan Operations Officer Do?

A concluding paragraph asking the loan officer to review your package and expressing your anticipation of speaking with them soon.
Updated December 14, 2021
LO Connect’s intutive design and powerful automation helps your loan officers accomplish common tasks with ease, including:.
Updated December 13, 2021
The Encompass LOS allows loan officers to access everything they need to originate and close more loans, in less time, from any location.
Updated December 12, 2021
Responsible for audit of loan operation activity, reviews daily reports for accuracy, and responsible for monthly and/or quarterly reports as required.
Updated December 06, 2021
Learn about your eligibility and find application guides to help you prepare for your USDA Service Center visit with a loan officer.
Updated October 26, 2021

Frequently Asked Questions About a Loan Operations Officer Salaries

What is the average of a Loan Operations Officer in Minnesota?

The Loan Operations Officer salary range is from $74,123 to $106,181, and the average Loan Operations Officer salary is $89,829/year in Minnesota. The Loan Operations Officer's salary will change in different locations.

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

The Loan Operations Officer salary in San Jose, CA is $110,200 which is the highest in the US.

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

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

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