Retail Loan Officer Salary in Elyria, OH
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How much does a Retail Loan Officer make in Elyria, OH? The average Retail Loan Officer salary in Elyria, OH is $70,917 as of May 28, 2024, but the salary range typically falls between $62,208 and $81,273. 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 Retail Loan Officer
$62,208 to $81,273
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Retail Loan Officer
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See user submitted job responsibilities for Retail Loan Officer.
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What does a Retail Loan Officer do?
Common responsibilities of a Retail Loan Officer
Actively educates members on credit and suggests products that will always put them in a better financial situation.
May 10, 2023
Determine customer loan needs and recommend the right products to help meet their goals according to organization's lending guidelines.
December 03, 2022
Attend sales seminars and builder/realtor meetings to generate loan volume within market area.
December 12, 2022
Provide a high level of customer service to every customer during the loan process.
February 08, 2023
Manage active pipeline from origination to closing, work effectively with fulfillment departments to ensure loan requirements are satisfied and deadlines met.
February 13, 2023
Participate in business related development opportunities that promote homeownership and professional organizations.
March 05, 2023
Understanding of federal regulations governing Real Estate Lending.
March 17, 2023
Follow up with prospects regarding documents that were submitted for review, analyze credit reports, income documents, and conduct further research as required.
March 26, 2023
Develop and maintain successful relationships with business referral sources, both existing and prospective, through marketing, cold-calling, prospecting and networking activities.
April 09, 2023
Adhere to all federal and state compliance guidelines relative to the position.
May 19, 2023
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Retail Loan Officer Salary By Experience Levels in Elyria, OH
How much should you be earning in Retail Loan Officer in Elyria, OH 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.
Retail Loan Officer Salary By Level of Education in Elyria, OH
Do you know how much should you be paid for a Retail Loan Officer position in Elyria, OH based on your education level?
Tell us about your education and see an estimate of earnings for Retail Loan Officer in Elyria, OH and well to know the impact of education on future careers.
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 Retail Loan Officer in Elyria, OH
Average Base Salary
Core compensation
62208
81273
Average Total Cash Compensation
Includes base and annual incentives
What is the average salary for Retail 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 Retail Loan Officer in Elyria, OH. The base salary for Retail Loan Officer ranges from $62,208 to $81,273 with the average base salary of $70,917. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $64,656 to $89,174 with the average total cash compensation of $76,055.
View Average Salary for Retail Loan Officer as table
| Average Salary | Average Salary Range | |
|---|---|---|
| Base Salary | $70,917 | $62,208 - $81,273 |
| Bonus | $5,138 | $2,448 - $7,901 |
| Total Pay | $76,055 | $64,656 - $89,174 |
* 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.
Retail Loan Officer Salary Near Elyria, OH
| CITY, STATE | AVERAGE SALARY RANGE | COMPARE TO Elyria, OH |
|---|---|---|
| CITY, STATE Lorain, OH | AVERAGE SALARY RANGE $62,638 - $81,835 | COMPARE TO Elyria, OH |
| CITY, STATE Lakewood, OH | AVERAGE SALARY RANGE $63,308 - $82,710 | COMPARE TO Elyria, OH |
| CITY, STATE Cleveland, OH | AVERAGE SALARY RANGE $63,308 - $82,710 | COMPARE TO Elyria, OH |
| CITY, STATE Euclid, OH | AVERAGE SALARY RANGE $63,257 - $82,643 | COMPARE TO Elyria, OH |
| CITY, STATE Cuyahoga Falls, OH | AVERAGE SALARY RANGE $61,573 - $80,444 | COMPARE TO Elyria, OH |
| CITY, STATE Akron, OH | AVERAGE SALARY RANGE $61,573 - $80,444 | COMPARE TO Elyria, OH |
See salaries for Retail Loan Officer in locations close to Elyria, OH. 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 Elyria, Ohio
Elyria (/əˈlɪəriə/ ə-LEER-ee-ə) is a city in the Greater Cleveland metropolitan statistical area and the county seat of Lorain County, Ohio, United States, located at the forks of the Black River in Northeast Ohio 23 miles southwest of Cleveland. As of the 2010 census, the city had a population of 54,533. The city is home to Lorain County Community College.
Elyria, part of the Cleveland–Elyria–Mentor metropolitan area, is located at 41°22′24″N 82°6′6″W / 41.37333°N 82.10167°W / 41.37333; -82.10167 (41.373396, -82.101692). Elyria's primary zip code is 44035 with post office boxes being assi...
Source: Wikipedia (as of 04/11/2019). Read more from Wikipedia
View Salary for Similar Jobs to Retail Loan Officer in Elyria, OH
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| JOB TITLE | LOCATION | MINIMUM SALARY | MAXIMUM SALARY |
|---|---|---|---|
| JOB TITLE Retail Loan Processor | LOCATION Elyria, OH | MINIMUM SALARY $38,580 | MAXIMUM SALARY $55,951 |
| JOB TITLE Loan Officer | LOCATION Elyria, OH | MINIMUM SALARY $55,771 | MAXIMUM SALARY $76,020 |
| JOB TITLE Consumer Loan Officer II | LOCATION Elyria, OH | MINIMUM SALARY $45,943 | MAXIMUM SALARY $56,970 |
| JOB TITLE Consumer Loan Officer III | LOCATION Elyria, OH | MINIMUM SALARY $56,391 | MAXIMUM SALARY $72,138 |
| JOB TITLE Consumer Loan Officer I | LOCATION Elyria, OH | MINIMUM SALARY $43,769 | MAXIMUM SALARY $54,225 |
| JOB TITLE Construction Loan Officer | LOCATION Elyria, OH | MINIMUM SALARY $80,607 | MAXIMUM SALARY $125,618 |
| JOB TITLE Agricultural Loan Officer | LOCATION Elyria, OH | MINIMUM SALARY $83,433 | MAXIMUM SALARY $124,421 |
| JOB TITLE Loan Officer I | LOCATION Elyria, OH | MINIMUM SALARY $46,520 | MAXIMUM SALARY $59,720 |
| JOB TITLE Commercial Loan Officer V | LOCATION Elyria, OH | MINIMUM SALARY $133,926 | MAXIMUM SALARY $186,890 |
| JOB TITLE Loan Officer III | LOCATION Elyria, OH | MINIMUM SALARY $87,500 | MAXIMUM SALARY $109,000 |
| JOB TITLE Loan Officer II | LOCATION Elyria, OH | MINIMUM SALARY $64,780 | MAXIMUM SALARY $82,300 |
The Retail 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 Elyria, OH that might be a good fit for the type of job and salary you are looking for.
About Elyria, Ohio Elyria (/əˈlɪəriə/ ə-LEER-ee-ə) is a city in the Greater Cleveland metropolitan statistical area and the county seat of Lorain County, Ohio, United St....More
Elyria, Ohio area prices were up 1.3% from a year ago
Retail Loan Officer Salary in popular cities: Columbus, Cleveland, Cincinnati
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