Residential Loan Officer Salary in Algodones, NM
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How much does a Residential Loan Officer make in Algodones, NM? The average Residential Loan Officer salary in Algodones, NM is $36,384 as of May 28, 2024, but the salary range typically falls between $31,202 and $41,284. 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.
Salary range for a Residential Loan Officer
$31,202 to $41,284
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Residential Loan Officer
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What does a Residential Loan Officer do?
Common responsibilities of a Residential Loan Officer
Attend monthly sales meetings, training sessions and Bank functions.
October 24, 2022
Develop and implement marketing programs such as direct mailings, seminars and event participation as required by written goals.
November 11, 2022
Active solicitation and origination of mortgage loan programs to all prospective borrowers including in low to moderate areas, and low to moderate income individuals.
January 26, 2023
Maintains past dues and charge-offs within or below Bank guidelines, including the regular maintenance of such credits within the parameters of collection law and Bank policy.
March 24, 2023
Provide an excellent customer experience by overseeing the loan process from origination to closing and proactively communicating with the customer throughout the entire process.
April 10, 2023
Reviews all additional documentation needed to determine prospect also meets product guidelines prior to issuance of a pre-qualification letter.
April 10, 2023
Collect all initial documentation and analyze applicant information to determine whether the customer is likely to qualify for the desired loan program, assist customer in choosing the proper program suitable to their needs.
April 17, 2023
Complete application processes with applicants in keeping with Bank policies, procedures and product guidelines and with applicable laws, regulations and accepted business practices.
April 22, 2023
Promote the Bank's loan programs in the community through regular contact with real estate brokers/builders, and other centers of influence who can make client referrals.
April 24, 2023
Follows up on leads generated by personal effort, regular contact from within the industry, call-in/walk-in inquiries, in addition to the support enhancements from Bank advertising, and direct mail efforts.
May 16, 2023
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Residential Loan Officer Salary By Experience Levels in Algodones, NM
How much should you be earning in Residential Loan Officer in Algodones, NM based on your current experience?
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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.
Residential Loan Officer Salary By Level of Education in Algodones, NM
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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 Residential Loan Officer in Algodones, NM
Average Base Salary
Core compensation
31202
41284
Average Total Cash Compensation
Includes base and annual incentives
What is the average salary for Residential 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 Residential Loan Officer in Algodones, NM. The base salary for Residential Loan Officer ranges from $31,202 to $41,284 with the average base salary of $36,384. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $31,727 to $42,849 with the average total cash compensation of $36,931.
View Average Salary for Residential Loan Officer as table
| Average Salary | Average Salary Range | |
|---|---|---|
| Base Salary | $36,384 | $31,202 - $41,284 |
| Bonus | $547 | $525 - $1,564 |
| Total Pay | $36,931 | $31,727 - $42,849 |
* 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.
Residential Loan Officer Salary Near Algodones, NM
| CITY, STATE | AVERAGE SALARY RANGE | COMPARE TO Algodones, NM |
|---|---|---|
| CITY, STATE Rio Rancho, NM | AVERAGE SALARY RANGE $31,513 - $41,696 | COMPARE TO Algodones, NM |
| CITY, STATE Albuquerque, NM | AVERAGE SALARY RANGE $31,614 - $41,829 | COMPARE TO Algodones, NM |
| CITY, STATE Santa Fe, NM | AVERAGE SALARY RANGE $31,774 - $42,041 | COMPARE TO Algodones, NM |
| CITY, STATE Farmington, NM | AVERAGE SALARY RANGE $31,190 - $41,268 | COMPARE TO Algodones, NM |
| CITY, STATE Roswell, NM | AVERAGE SALARY RANGE $29,488 - $39,016 | COMPARE TO Algodones, NM |
| CITY, STATE Alamogordo, NM | AVERAGE SALARY RANGE $29,992 - $39,683 | COMPARE TO Algodones, NM |
See salaries for Residential Loan Officer in locations close to Algodones, NM. 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 Algodones, New Mexico
Algodones is a census-designated place (CDP) in Sandoval County, New Mexico, United States. The population was 814 at the 2010 census. It is part of the Albuquerque Metropolitan Statistical Area.
Algodones lies in the northeast of the Albuquerque Basin on the east bank of the Rio Grande.
According to the United States Census Bureau, the CDP has a total area of 7.3 square miles (19 km2), of which, 7.2 square miles (19 km2) of it is land and 0.1 square miles (0.26 km2) of it (1.37%) is water....
Source: Wikipedia (as of 04/11/2019). Read more from Wikipedia
View Salary for Similar Jobs to Residential Loan Officer in Algodones, NM
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| JOB TITLE | LOCATION | MINIMUM SALARY | MAXIMUM SALARY |
|---|---|---|---|
| JOB TITLE Residential Mortgage Loan Officer | LOCATION Algodones, NM | MINIMUM SALARY $41,943 | MAXIMUM SALARY $57,675 |
| JOB TITLE Residential Mortgage Officer I | LOCATION Algodones, NM | MINIMUM SALARY $38,930 | MAXIMUM SALARY $53,530 |
| JOB TITLE Residential Mortgage Officer II | LOCATION Algodones, NM | MINIMUM SALARY $52,610 | MAXIMUM SALARY $71,770 |
| JOB TITLE Residential Mortgage Officer III | LOCATION Algodones, NM | MINIMUM SALARY $74,420 | MAXIMUM SALARY $104,300 |
| JOB TITLE Mortgage Loan Officer II | LOCATION Algodones, NM | MINIMUM SALARY $52,608 | MAXIMUM SALARY $71,761 |
| JOB TITLE Mortgage Loan Officer III | LOCATION Algodones, NM | MINIMUM SALARY $74,411 | MAXIMUM SALARY $104,291 |
| JOB TITLE Mortgage Loan Officer I | LOCATION Algodones, NM | MINIMUM SALARY $38,923 | MAXIMUM SALARY $53,522 |
| JOB TITLE Entry Level Loan Officer | LOCATION Algodones, NM | MINIMUM SALARY $39,001 | MAXIMUM SALARY $53,601 |
| JOB TITLE Residential Loan Processor | LOCATION Algodones, NM | MINIMUM SALARY $41,407 | MAXIMUM SALARY $52,238 |
| JOB TITLE Residential Officer | LOCATION Algodones, NM | MINIMUM SALARY $32,987 | MAXIMUM SALARY $42,724 |
| JOB TITLE Residential Mortgage Loan Originator | LOCATION Algodones, NM | MINIMUM SALARY $53,356 | MAXIMUM SALARY $72,728 |
The Residential 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 Algodones, NM that might be a good fit for the type of job and salary you are looking for.
About Algodones, New Mexico Algodones is a census-designated place (CDP) in Sandoval County, New Mexico, United States. The population was 814 at the 2010 census. It is part of t....More
Algodones, New Mexico area prices were up 2.5% from a year ago
Residential Loan Officer Salary in popular cities: Albuquerque, Las Cruces, Rio Rancho
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