Residential Loan Officer Salary in Farmington, NM

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How much does a Residential Loan Officer make in Farmington, NM? The average Residential Loan Officer salary in Farmington, NM is $36,555 as of August 27, 2024, but the salary range typically falls between $31,351 and $41,479. 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 Residential Loan Officer

$31,351 to $41,479

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Residential Loan Officer

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Job Openings for Residential Loan Officer in Farmington, NM

Mortgage Loan Officer

Primary Residential Mortgage - Nashville , TN

Primary Residential Mortgage, Inc. (PRMI) is expanding its operations in Tennessee and seeks a Mortgage Loan Officer to develop and accelerate this growth. Why PRMI? We pride ourselves on being more ...

LinkedIn - 45 days ago

Loan Officer Outside Sales

Primary Residential Mortgage - Sacramento , CA

... residential mortgage clients, while developing and cultivating a strong business network of ... It is the responsibility of a Loan Officer to analyze a borrower's financial and credit data to ...

LinkedIn - 45 days ago

Loan Officer Outside Sales

Primary Residential Mortgage - Lake Oswego , OR

Primary Residential Mortgage, Inc. (PRMI) is expanding its operations in Oregon and seeks a Mortgage Loan Officer to develop and accelerate this growth. Why PRMI? We pride ourselves on being more ...

LinkedIn - 45 days ago

Mortgage Loan Officer

Primary Residential Mortgage - San Diego , CA

Primary Residential Mortgage, Inc. (PRMI) is expanding its operations in Southern California and seeks a Mortgage Loan Officer to develop and accelerate this growth. Why PRMI? We pride ourselves on ...

LinkedIn - 45 days ago

Mortgage Loan Officer

Primary Residential Mortgage - Alameda County , CA

Primary Residential Mortgage, Inc. (PRMI) is expanding its operations in California and seeks a Mortgage Loan Officer to develop and accelerate this growth. Why PRMI? We pride ourselves on being more ...

LinkedIn - 45 days ago

Mortgage Loan Officer

Primary Residential Mortgage - Spokane , WA

Primary Residential Mortgage, Inc. (PRMI) is expanding its operations in Washington and seeks a Mortgage Loan Officer to develop and accelerate this growth. Why PRMI? We pride ourselves on being more ...

LinkedIn - 45 days ago

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 Farmington, NM

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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 Farmington, NM

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LEVEL OF EDUCATION

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Average Salary Range for Residential Loan Officer in Farmington, NM

Average Base Salary

Core compensation

31351

41479

36555

Average Total Cash Compensation

Includes base and annual incentives

31877

43050

37107

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 Farmington, NM. The base salary for Residential Loan Officer ranges from $31,351 to $41,479 with the average base salary of $36,555. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $31,877 to $43,050 with the average total cash compensation of $37,107.

View Average Salary for Residential Loan Officer as table

	Average Salary	Average Salary Range
Base Salary	$36,555	$31,351 - $41,479
Bonus	$552	$525 - $1,570
Total Pay	$37,107	$31,877 - $43,050

* 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 Farmington, NM

CITY, STATE	AVERAGE SALARY RANGE	COMPARE TO Farmington, NM
CITY, STATE Rio Rancho, NM	AVERAGE SALARY RANGE $31,664 - $41,892	COMPARE TO Farmington, NM
CITY, STATE Albuquerque, NM	AVERAGE SALARY RANGE $31,765 - $42,026	COMPARE TO Farmington, NM
CITY, STATE Santa Fe, NM	AVERAGE SALARY RANGE $31,926 - $42,239	COMPARE TO Farmington, NM
CITY, STATE Grand Junction, CO	AVERAGE SALARY RANGE $34,662 - $45,859	COMPARE TO Farmington, NM
CITY, STATE Pueblo, CO	AVERAGE SALARY RANGE $31,703 - $41,944	COMPARE TO Farmington, NM
CITY, STATE Jefferson, CO	AVERAGE SALARY RANGE $34,395 - $45,506	COMPARE TO Farmington, NM

See salaries for Residential Loan Officer in locations close to Farmington, 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 Farmington, New Mexico

Farmington (Navajo: Tóta) is a city in San Juan County in the U.S. state of New Mexico. As of the 2013 population estimate from the United States Census Bureau the city had a total population of 45,426 people. Farmington (and surrounding San Juan County) makes up one of the four Metropolitan Statistical Areas (MSA's) in New Mexico. The U.S. Census Bureau's population estimate in 2011 for Farmington was about 45,256. Farmington is located at the junction of the San Juan River, the Animas River, and the La Plata River, and is located on the Colorado Plateau. Farmington is the largest city of San...

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

View Salary for Similar Jobs to Residential Loan Officer in Farmington, NM

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JOB TITLE	LOCATION	MINIMUM SALARY	MAXIMUM SALARY
JOB TITLE Residential Mortgage Loan Officer	LOCATION Farmington, NM	MINIMUM SALARY $42,403	MAXIMUM SALARY $57,523
JOB TITLE Residential Mortgage Officer I	LOCATION Farmington, NM	MINIMUM SALARY $39,350	MAXIMUM SALARY $53,390
JOB TITLE Residential Mortgage Officer II	LOCATION Farmington, NM	MINIMUM SALARY $53,220	MAXIMUM SALARY $72,270
JOB TITLE Residential Mortgage Officer III	LOCATION Farmington, NM	MINIMUM SALARY $74,520	MAXIMUM SALARY $102,370
JOB TITLE Mortgage Loan Officer II	LOCATION Farmington, NM	MINIMUM SALARY $53,218	MAXIMUM SALARY $72,266
JOB TITLE Mortgage Loan Officer III	LOCATION Farmington, NM	MINIMUM SALARY $74,516	MAXIMUM SALARY $102,365

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 Farmington, NM that might be a good fit for the type of job and salary you are looking for.

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31351

41479

About Farmington, New Mexico Farmington (Navajo: Tóta) is a city in San Juan County in the U.S. state of New Mexico. As of the 2013 population estimate from the United States Cens....More

Farmington, 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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