Loans Officer Salary in Charleston, West Virginia

What is the salary range of Loans Officer?

As of December 01, 2024, the average annual pay of Loans Officer in Charleston, WV is $61,099. While Salary.com is seeing that Loans Officer salary in Charleston, WV can go up to $81,069 or down to $45,174, but most earn between $52,764 and $71,552. Salary.com shows the average base salary (core compensation), as well as the average total cash compensation for the job of Loans Officer in the United States.

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Salary range for a Loans Officer

$52,764 to $71,552

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What is a Loans Officer?

A Loans Officer is responsible for evaluating, authorizing, or recommending approval of loan applications for individuals and businesses. They analyze the financial status of loan applicants, review credit reports, and assess the risk involved in granting loans. Loans Officers also work with clients to explain loan options and terms, and ensure that all necessary documentation is completed accurately. They may also be responsible for monitoring and managing existing loan accounts, as well as promoting and marketing loan products to potential customers. Strong communication and customer service skills are essential for this role, as Loans Officers must be able to build and maintain relationships with clients while adhering to lending regulations and company policies.

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Job Openings for Loans Officer in Charleston, WV

What does a Loans Officer do?

Common responsibilities of a Loans Officer

Stay informed about industry trends, market conditions, and changes in lending practices to make informed decisions about loan approvals and risk management.

September 08, 2023

Provide guidance and assistance to customers in understanding the loan application process and their financial obligations.

September 14, 2023

Develop and maintain relationships with potential borrowers, such as individuals, small businesses, and commercial clients.

September 15, 2023

Negotiate loan terms and conditions with borrowers, including interest rates, repayment schedules, and collateral requirements.

September 18, 2023

Monitor and track the status of existing loans, including payments, delinquencies, and defaults.

October 07, 2023

Interview loan applicants to gather additional information and clarify any discrepancies in their financial records.

October 10, 2023

Review and analyze financial documents, such as income statements and credit reports, to assess the risk of lending to an individual or business.

October 20, 2023

Work with underwriters and other financial professionals to ensure compliance with lending regulations and company policies.

October 21, 2023

Recommend loan approvals or denials based on the applicant's financial situation and credit history.

November 08, 2023

Evaluate loan applications and determine the creditworthiness of applicants.

November 15, 2023

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Loans Officer Salary By Experience Levels in Charleston, WV

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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.

Loans Officer Salary By Level of Education in Charleston, WV

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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 Loans Officer in Charleston, WV

Average Base Salary

Core compensation

52764

71552

61099

Average Total Cash Compensation

Includes base and annual incentives

61319

85966

72158

What is the average salary for Loans Officer in 2024?

These charts show the average base salary (core compensation), as well as the average total cash compensation for the job of Loans Officer in Charleston, WV. The base salary for Loans Officer ranges from $52,764 to $71,552 with the average base salary of $61,099. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $61,319 to $85,966 with the average total cash compensation of $72,158.

View Average Salary for Loans Officer as table

	Average Salary	Average Salary Range
Base Salary	$61,099	$52,764 - $71,552
Bonus	$11,058	$8,555 - $14,413
Total Pay	$72,158	$61,319 - $85,966

* 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.

Loans Officer Salary Near Charleston, WV

CITY, STATE	AVERAGE SALARY RANGE	COMPARE TO Charleston, WV
CITY, STATE Huntington, WV	AVERAGE SALARY RANGE $52,365 - $71,012	COMPARE TO Charleston, WV
CITY, STATE Beckley, WV	AVERAGE SALARY RANGE $52,934 - $71,783	COMPARE TO Charleston, WV
CITY, STATE Parkersburg, WV	AVERAGE SALARY RANGE $52,060 - $70,598	COMPARE TO Charleston, WV
CITY, STATE Portsmouth, OH	AVERAGE SALARY RANGE $53,526 - $72,586	COMPARE TO Charleston, WV
CITY, STATE Chillicothe, OH	AVERAGE SALARY RANGE $54,229 - $73,540	COMPARE TO Charleston, WV
CITY, STATE Fairmont, WV	AVERAGE SALARY RANGE $57,395 - $77,833	COMPARE TO Charleston, WV

See salaries for Loans Officer in locations close to Charleston, WV. 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.

About Charleston, West Virginia

Charleston is the most populous city in, and the capital of, the U.S. state of West Virginia. Located at the confluence of the Elk and Kanawha rivers, the population during the 2017 Census Estimate was 47,929. The Charleston metropolitan area as a whole had 214,406 residents. Charleston is the center of government, commerce, and industry for Kanawha County, of which it is the county seat. Early industries important to Charleston included salt and the first natural gas well. Later, coal became central to economic prosperity in the city and the surrounding area. Today, trade, utilities, governm...

Source: Wikipedia (as of 04/11/2019). Read more from Wikipedia

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JOB TITLE Officer, Entry - Mortgage Loans	LOCATION Charleston, WV	MINIMUM SALARY $38,500	MAXIMUM SALARY $52,200
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JOB TITLE Officer, Senior - Mortgage Loans	LOCATION Charleston, WV	MINIMUM SALARY $72,900	MAXIMUM SALARY $100,100
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JOB TITLE Loan Review Officer - Large Loans	LOCATION Charleston, WV	MINIMUM SALARY $73,300	MAXIMUM SALARY $100,500
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The Loans 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 Charleston, WV that might be a good fit for the type of job and salary you are looking for.

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