How much does a Real Estate Loan Officer make? The average Real Estate Loan Officer salary is $46,973 as of October 28, 2020, but the salary range typically falls between $42,572 and $52,895. Salary ranges can vary widely depending on many important factors, including education, certifications, additional skills, the number of years you have spent in your profession. With more online, real-time compensation data than any other website, Salary.com helps you determine your exact pay target.
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What does a Real Estate Loan Officer do?
Real Estate Loan Officer
Attend loan closings, industry events, and other opportunities for networking and business development.
January 09, 2020
Provides support and assistance to the branch and loan officers in other areas in the origination of commercial real estate loans by providing quality service.
February 22, 2020
Supports the quality process, participates in task forces, departmental meetings, and other activities.
March 16, 2020
Performs pre-qualification assessment of applicants and obtains information regarding earnings and financial condition to evaluate the applicant's creditworthiness, including the analysis of financial condition and if the risk of request is within the framework of Banks credit culture and current economic and industry trends.
April 21, 2020
Demonstrates effective face-to-face and telephone interviewing skills and techniques, including the ability to discuss loan denials, loan alternatives, interest rates, and follow-up items.
April 22, 2020
Evaluate and service the needs of present and potential customers seeking a variety of commercial loans, deposit accounts and other bank products.
May 04, 2020
Prepare and deliver to applicants all documents and required disclosures according to product requested meeting timing requirements.
June 11, 2020
Real Estate Loan Officer Salary in Major Cities
This chart shows the salary comparison for Real Estate Loan Officer between major cities. San Francisco City consistently ranks #1 as of October 28, 2020. Click on the chart to see the detail salary data for Real Estate Loan Officer in each city.
Real Estate Loan Officer Salary by State
- Alaska
- Alabama
- Arkansas
- Arizona
- California
- Colorado
- Connecticut
- District of Columbia
- Delaware
- Florida
- Georgia
- Hawaii
- Iowa
- Idaho
- Illinois
- Indiana
- Kansas
- Kentucky
- Louisiana
- Massachusetts
- Maryland
- Maine
- Michigan
- Minnesota
- Missouri
- Mississippi
- Montana
- North Carolina
- North Dakota
- Nebraska
- New Hampshire
- New Jersey
- New Mexico
- Nevada
- New York
- Ohio
- Oklahoma
- Oregon
- Pennsylvania
- Rhode Island
- South Carolina
- South Dakota
- Tennessee
- Texas
- Utah
- Virginia
- Vermont
- Washington
- Wisconsin
- West Virginia
- Wyoming
Real Estate Loan Officer Salary by City
Click to see the salary for Real Estate Loan Officer in these major U.S. cities.
| City Name | Average Salary |
|---|---|
| San Francisco, CA | $58,716 |
| Washington, DC | $52,290 |
| Miami, FL | $45,729 |
| Chicago, IL | $49,833 |
| Boston, MA | $52,925 |
| New York, NY | $56,509 |
| Dallas, TX | $46,668 |
If you'd like know Real Estate Loan Officer Salary in other cities, then please select a city in
Average Salary Range for Real Estate Loan Officer
Average Base Salary
Core compensation
42572
52895
Average Total Cash Compensation
Includes base and annual incentives
What is the average salary for Real Estate Loan Officer in 2020?
These charts show the average base salary (core compensation), as well as the average total cash compensation for the job of Real Estate Loan Officer in the United States. The base salary for Real Estate Loan Officer ranges from $42,572 to $52,895 with the average base salary of $46,973. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $43,580 to $54,625 with the average total cash compensation of $48,043.
View Average Salary for Real Estate Loan Officer as table
| Average Salary | Average Salary Range | |
|---|---|---|
| Base Salary | $46,973 | $42,572 - $52,895 |
| Bonus | $1,070 | $1,008 - $1,730 |
| Total Pay | $48,043 | $43,580 - $54,625 |
* 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.
Estimate Salary for Real Estate Loan Officer online for free
Salary.com Estimate Salary Tool provides free, accurate and real-time salary for thousands of careers. Please enter the following pay factors for Real Estate Loan Officer, to get a real-time salary target. If you want to get more detailed salary information, please view Professional Salary Report
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Comments about Real Estate Loan Officer
What's the difference between Loan Officer, Entry - Commercial Real Estate and Real Estate Loan Officer?
According to our latest salary estimation on October 28, 2020. The average salary of Real Estate Loan Officer is $46,973, and the average salary of Loan Officer, Entry - Commercial Real Estate is $81,130. The average salary of Loan Officer, Entry - Commercial Real Estate is higher than Real Estate Loan Officer. ( 2020-10-28 salary.com )
I am a Real Estate Loan Officer, which location’s salary is higher, Barnstable, MA or New Britain, CT?
New Britain, CT typically sees higher pay than Barnstable, MA for Real Estate Loan Officer. a Real Estate Loan Officer Salary in New Britain, CT is $50,731 as of October 28, 2020; a Real Estate Loan Officer Salary in Barnstable, MA is $49,534 as of October 28, 2020. ( 2020-10-28 salary.com )
Real Estate Loan Officer Frequently Asked Questions
Why does the salary of a Real Estate Loan Officer vary from city to city?
The cost of living is tied to salaries. If the expenses are higher in a particular city, then the wage level will be higher as well to afford the people can opportunity to live there. This is why you're always going to make more money in New York City for example, than in a small town. ( 2020-10-28 salary.com )
What are the Pay Factors for Real Estate Loan Officer?
Salary ranges for a Real Estate Loan Officer can vary widely, depending on the city and several other pay factors, including (but not limited to) education level, certifications, additional skills, and work experience. Click here to view Eight Factors That Can Affect Your Pay ( 2020-10-28 salary.com )
How the Pay Factors Influence Your Pay?
Salaries are ultimately dictated by the position being applied to, and hiring company, but there are several important pay factors that come into play based on your individual history that could impact your value to the company. Salary.com's Personal Salary Report will analyze these factors for you to help you maximize your earning potential. ( 2020-10-28 salary.com )
Learn more about: Compensation Packages, Employee Flight Risk, Gender Pay Gap, Job Openings for This Role
Last Update: October 28, 2020