Lending Officer Salary in Portland, ME

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What is the salary range of Lending Officer?

As of December 01, 2024, the average annual pay of Lending Officer in Portland, ME is $74,909. While Salary.com is seeing that Lending Officer salary in Portland, ME can go up to $88,564 or down to $58,731, but most earn between $66,441 and $82,057. Salary.com shows the average base salary (core compensation), as well as the average total cash compensation for the job of Lending Officer in the United States.

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Salary range for a Lending Officer
$66,441 to $82,057
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What is a Lending Officer?

A Lending Officer is responsible for evaluating and approving loan applications, as well as managing the loan portfolio of a financial institution. They work with individuals and businesses to assess their creditworthiness, determine the appropriate loan products, and negotiate terms and conditions. Lending officers also monitor the performance of existing loans, identify potential risks, and work with clients to address any issues that may arise. Additionally, they may be involved in marketing and promoting loan products to attract new customers and grow the loan portfolio. Strong analytical skills, knowledge of lending regulations, and excellent communication and customer service abilities are essential for success in this role.

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Lending Officer Salary By Experience Levels in Portland, ME

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RELEVANT JOB EXPERIENCE

Length of experience is a pay differentiator. Those with greater experience may have an advantage in negotiating salary. For those with less experience, other factors such as education or special skills could impact your pay. Please visit Professional Salary Report for more details.

Lending Officer Salary By Level of Education in Portland, ME

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LEVEL OF EDUCATION

Depending on the job, educational levels may have a significant impact on pay levels. Be informed and understand how things like education and certifications can help to increase potential earnings for the career you are interested in. Please visit Professional Salary Report for more details.

Average Salary Range for Lending Officer in Portland, ME

Average Base Salary

Core compensation

 
 
 
66441
82057
74909

Average Total Cash Compensation

Includes base and annual incentives

 
 
 
67756
90027
77987
What is the average salary for Lending Officer in 2024?
These charts show the average base salary (core compensation), as well as the average total cash compensation for the job of Lending Officer in Portland, ME. The base salary for Lending Officer ranges from $66,441 to $82,057 with the average base salary of $74,909. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $67,756 to $90,027 with the average total cash compensation of $77,987.

View Average Salary for Lending Officer as table

Average Salary Average Salary Range
Base Salary $74,909 $66,441 - $82,057
Bonus $3,078 $1,315 - $7,970
Total Pay $77,987 $67,756 - $90,027
* Base Salary represents gross income before taxes and deductions. It does not include additional pay such as benefits, bonuses, profit sharing or commissions.
* Total Pay combines base salary, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job.

Lending Officer Salary Near Portland, ME

CITY, STATE AVERAGE SALARY RANGE COMPARE TO Portland, ME
CITY, STATE South Portland, ME AVERAGE SALARY RANGE $66,259 - $81,833 COMPARE TO Portland, ME
CITY, STATE Westbrook, ME AVERAGE SALARY RANGE $66,259 - $81,833 COMPARE TO Portland, ME
CITY, STATE Auburn, ME AVERAGE SALARY RANGE $65,587 - $81,003 COMPARE TO Portland, ME
CITY, STATE Lewiston, ME AVERAGE SALARY RANGE $65,587 - $81,003 COMPARE TO Portland, ME
CITY, STATE Windham, ME AVERAGE SALARY RANGE $66,215 - $81,778 COMPARE TO Portland, ME
CITY, STATE Saco, ME AVERAGE SALARY RANGE $66,125 - $81,667 COMPARE TO Portland, ME
See salaries for Lending Officer in locations close to Portland, ME. Pay for the same job may vary based on the location and on the location and on other factors such as the size of company, the industry, and other local conditions.

View Salary for Similar Jobs to Lending Officer in Portland, ME

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JOB TITLE LOCATION MINIMUM SALARY MAXIMUM SALARY
JOB TITLE Entry Lending Officer LOCATION Portland, ME MINIMUM SALARY $46,100 MAXIMUM SALARY $57,300
JOB TITLE Lending Officer III LOCATION Portland, ME MINIMUM SALARY $85,010 MAXIMUM SALARY $105,415
JOB TITLE Lending Officer I LOCATION Portland, ME MINIMUM SALARY $46,079 MAXIMUM SALARY $57,232
JOB TITLE Senior Lending Officer LOCATION Portland, ME MINIMUM SALARY $85,020 MAXIMUM SALARY $105,420
JOB TITLE Lending Officer II LOCATION Portland, ME MINIMUM SALARY $65,659 MAXIMUM SALARY $81,426
JOB TITLE Intermediate Lending Officer LOCATION Portland, ME MINIMUM SALARY $65,700 MAXIMUM SALARY $81,500
The Lending Officer job could be listed using titles that are not exactly the same, but actually are for the same or very similar job. Here are some job titles in Portland, ME that might be a good fit for the type of job and salary you are looking for.

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66441
82057

 

About Portland, Maine    Portland is a city in the U.S. state of Maine, with a population of 67,067 as of 2017. The Greater Portland metropolitan area is home to over half a m....More

Portland, Maine  area prices were up 1.6% from a year ago

Lending Officer Salary in popular cities: Lewiston, Bangor, South Portland

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