Real Estate Loan Officer Salary in Chicago, IL

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How much does a Real Estate Loan Officer make in Chicago, IL? The average Real Estate Loan Officer salary in Chicago, IL is $92,723 as of March 26, 2024, but the salary range typically falls between $78,488 and $110,308. 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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Salary range for a Real Estate Loan Officer

$78,488 to $110,308

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Real Estate Loan Officer

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Job Openings for Real Estate Loan Officer in Chicago, IL

Mortgage Loan Officer

Helton Real Estate Group - Arlington , TX

We are looking for an experienced, service, and detail-oriented mortgage loan officer to join our ... Multiple years of real estate, mortgage origination, or lending required * Banking, business, real ...

ZipRecruiter ATS Jobs for ZipSearch/ZipAlerts - 22 days ago

Commercial Real Estate Loan Officer

Grand Pacific Financing Corp. - Dallas , TX

We are looking for a highly motivated, experienced Commercial Real Estate Loan Officer to develop new business in Dallas. This position is responsible for generating new business for Grand Pacific ...

ZipRecruiter ATS Jobs for ZipSearch/ZipAlerts - 29 days ago

Real Estate Loan Officer

Pacific Service Credit Union - Concord , CA

The Real Estate Loan Officer is responsible for proactively soliciting new residential real estate loans to meet established loan quality and production goals of Pacific Service Credit Union. This ...

ZipRecruiter ATS Jobs for ZipSearch/ZipAlerts - 41 days ago

Real Estate Loan Processor

HomeTown Credit Union - Faribault , MN

REAL ESTATE LOAN PROCESSOR Hours: Monday-Friday 8:30am - 5:00pm Location: 1205 Hwy 60 West ... Assemble documents for delivery to closing agents or lending officer for closing. * Prepare and ...

ZipRecruiter ATS Jobs for ZipSearch/ZipAlerts - 28 days ago

Mortgage Loan Officer

Cascade Peak Mortgage - Portland , OR

Everything that we do is through the lens of Real Estate. Through the support of our team the loan officer becomes a part of the real estate team and actively works on real estate direct clientele

ZipRecruiter - 1 day ago

Loan Officer - Private Lender

NW Recruiting Partners - Kirkland , WA

S. and $100M in real estate acquisitions over the past four years, they continue to grow and are looking to add a Loan Officer to their dynamic team of 10. As the Loan Officer, you will be pivotal in ...

LinkedIn - 3 days ago

What does a Real Estate Loan Officer do?

Common responsibilities of a Real Estate Loan Officer

Attend loan closings, industry events, and other opportunities for networking and business development.

December 07, 2022

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.

December 16, 2022

Review construction inspections and, with the assistance of the construction loan administrator, monitor draw requests to ensure that sufficient money remains to complete the project.

January 12, 2023

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 17, 2023

Prepare and deliver to applicants all documents and required disclosures according to product requested meeting timing requirements.

February 20, 2023

Meets with applicants to develop a complete package of information on both the real estate which will serve as collateral and the financial condition of the borrower(s) and/or guarantor(s).

March 21, 2023

Develop material for loan presentations, and make presentations to the Executive Committee as required in accordance with loan authority and commercial loan policy.

April 18, 2023

Evaluate and service the needs of present and potential customers seeking a variety of commercial loans, deposit accounts and other bank products.

April 27, 2023

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Real Estate Loan Officer Salary By Experience Levels in Chicago, 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.

Real Estate Loan Officer Salary By Level of Education in Chicago, IL

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LEVEL OF EDUCATION

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Average Salary Range for Real Estate Loan Officer in Chicago, IL

Average Base Salary

Core compensation

78488

110308

92723

Average Total Cash Compensation

Includes base and annual incentives

84763

133358

105511

What is the average salary for Real Estate Loan Officer in 2024?

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 Chicago, IL. The base salary for Real Estate Loan Officer ranges from $78,488 to $110,308 with the average base salary of $92,723. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $84,763 to $133,358 with the average total cash compensation of $105,511.

View Average Salary for Real Estate Loan Officer as table

	Average Salary	Average Salary Range
Base Salary	$92,723	$78,488 - $110,308
Bonus	$12,788	$6,275 - $23,051
Total Pay	$105,511	$84,763 - $133,358

* 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.

Real Estate Loan Officer Salary Near Chicago, IL

CITY, STATE	AVERAGE SALARY RANGE	COMPARE TO Chicago, IL
CITY, STATE Cicero, IL	AVERAGE SALARY RANGE $78,929 - $110,928	COMPARE TO Chicago, IL
CITY, STATE Oak Park, IL	AVERAGE SALARY RANGE $78,929 - $110,928	COMPARE TO Chicago, IL
CITY, STATE Oak Lawn, IL	AVERAGE SALARY RANGE $78,840 - $110,802	COMPARE TO Chicago, IL
CITY, STATE Evanston, IL	AVERAGE SALARY RANGE $78,899 - $110,886	COMPARE TO Chicago, IL
CITY, STATE Skokie, IL	AVERAGE SALARY RANGE $78,899 - $110,886	COMPARE TO Chicago, IL
CITY, STATE Arlington Heights, IL	AVERAGE SALARY RANGE $77,133 - $108,403	COMPARE TO Chicago, IL

See salaries for Real Estate Loan Officer in locations close to Chicago, 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.

About Chicago, Illinois

Chicago (/ʃɪˈkɑːɡoʊ/ (listen), locally also /-ˈkɔː-/), officially the City of Chicago, is the most populous city in Illinois, as well as the third most populous city in the United States. With an estimated population of 2,716,450 (2017), it is the most populous city in the Midwest. Chicago is the principal city of the Chicago metropolitan area, often referred to as Chicagoland, and the county seat of Cook County, the second most populous county in the United States. The metropolitan area, at nearly 10 million people, is the third-largest in the United States, and the fourth largest in North A...

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

View Salary for Similar Jobs to Real Estate Loan Officer in Chicago, IL

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JOB TITLE	LOCATION	MINIMUM SALARY	MAXIMUM SALARY
JOB TITLE Loan Officer, Entry - Commercial Real Estate	LOCATION Chicago, IL	MINIMUM SALARY $77,220	MAXIMUM SALARY $108,760
JOB TITLE Loan Officer, Senior - Commercial Real Estate	LOCATION Chicago, IL	MINIMUM SALARY $134,030	MAXIMUM SALARY $181,370
JOB TITLE Commercial Real Estate Loan Officer I	LOCATION Chicago, IL	MINIMUM SALARY $77,215	MAXIMUM SALARY $108,756
JOB TITLE Commercial Real Estate Loan Officer II	LOCATION Chicago, IL	MINIMUM SALARY $98,838	MAXIMUM SALARY $141,873
JOB TITLE Commercial Real Estate Loan Officer III	LOCATION Chicago, IL	MINIMUM SALARY $134,021	MAXIMUM SALARY $181,368
JOB TITLE Commercial Real Estate Loan Officer	LOCATION Chicago, IL	MINIMUM SALARY $73,608	MAXIMUM SALARY $103,676

The Real Estate Loan 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 Chicago, IL that might be a good fit for the type of job and salary you are looking for.

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78488

110308

About Chicago, Illinois Chicago (/ʃɪˈkɑːɡoʊ/ (listen), locally also /-ˈkɔː-/), officially the City of Chicago, is the most populous city in Illinois, as well as the third mos....More

Chicago, Illinois area prices were up 0.8% from a year ago

Real Estate Loan Officer Salary in popular cities: Aurora, Rockford, Joliet

Recently searched related titles: Archer Developer, Real Estate Accountant

Learn more about: Compensation Packages, Employee Flight Risk, Gender Pay Gap, Job Openings for This Role

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