Lending Officer Salary in Springfield, IL

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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 Springfield, IL is $73,470. While Salary.com is seeing that Lending Officer salary in Springfield, IL can go up to $86,863 or down to $57,602, but most earn between $65,164 and $80,480. 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
$65,164 to $80,480
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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 Springfield, IL

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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 Springfield, IL

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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 Springfield, IL

Average Base Salary

Core compensation

 
 
 
65164
80480
73470

Average Total Cash Compensation

Includes base and annual incentives

 
 
 
66454
88297
76489
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 Springfield, IL. The base salary for Lending Officer ranges from $65,164 to $80,480 with the average base salary of $73,470. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $66,454 to $88,297 with the average total cash compensation of $76,489.

View Average Salary for Lending Officer as table

Average Salary Average Salary Range
Base Salary $73,470 $65,164 - $80,480
Bonus $3,019 $1,290 - $7,817
Total Pay $76,489 $66,454 - $88,297
* 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 Springfield, IL

CITY, STATE AVERAGE SALARY RANGE COMPARE TO Springfield, IL
CITY, STATE Normal, IL AVERAGE SALARY RANGE $64,355 - $79,481 COMPARE TO Springfield, IL
CITY, STATE Bloomington, IL AVERAGE SALARY RANGE $64,177 - $79,261 COMPARE TO Springfield, IL
CITY, STATE Peoria, IL AVERAGE SALARY RANGE $64,889 - $80,140 COMPARE TO Springfield, IL
CITY, STATE Champaign, IL AVERAGE SALARY RANGE $63,714 - $78,689 COMPARE TO Springfield, IL
CITY, STATE Florissant, MO AVERAGE SALARY RANGE $66,038 - $81,559 COMPARE TO Springfield, IL
CITY, STATE Saint Louis, MO AVERAGE SALARY RANGE $66,145 - $81,692 COMPARE TO Springfield, IL
See salaries for Lending Officer in locations close to Springfield, IL. 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 Springfield, IL

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JOB TITLE LOCATION MINIMUM SALARY MAXIMUM SALARY
JOB TITLE Entry Lending Officer LOCATION Springfield, IL MINIMUM SALARY $45,200 MAXIMUM SALARY $56,200
JOB TITLE Lending Officer III LOCATION Springfield, IL MINIMUM SALARY $83,377 MAXIMUM SALARY $103,390
JOB TITLE Lending Officer I LOCATION Springfield, IL MINIMUM SALARY $45,194 MAXIMUM SALARY $56,132
JOB TITLE Senior Lending Officer LOCATION Springfield, IL MINIMUM SALARY $83,380 MAXIMUM SALARY $103,390
JOB TITLE Lending Officer II LOCATION Springfield, IL MINIMUM SALARY $64,398 MAXIMUM SALARY $79,862
JOB TITLE Intermediate Lending Officer LOCATION Springfield, IL MINIMUM SALARY $64,400 MAXIMUM SALARY $79,900
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 Springfield, IL that might be a good fit for the type of job and salary you are looking for.

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65164
80480

 

About Springfield, Illinois    Springfield is the capital of the U.S. state of Illinois and the county seat of Sangamon County. The city's population of 116,250 as of the 2010 U.S. ....More

Springfield, Illinois  area prices were up 1.3% from a year ago

Lending Officer Salary in popular cities: Chicago, Aurora, Rockford

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