Loan Officers made a median salary of $63,040 in 2018. The best-paid 25 percent made $92,240 that year, while the lowest-paid 25 percent made $44,500. A loan officer is a representative of a bank, credit union, or other financial institution who finds and assists borrowers in acquiring loans. Loan officers can work with a wide variety of lending.
The typical Bank of America Mortgage Loan Officer salary is $34,052. Mortgage Loan Officer salaries at Bank of America can range from $1 – $82,052. This estimate is based upon 84 Bank of America Mortgage Loan Officer salary report(s) provided by employees or estimated based upon statistical methods.
Mortgage loan officer bank of america salary. 1,166 Mortgage Loan Officer Salaries. Mortgage Loan Officers earn $50,000 annually on average, or $24 per hour, which is 28% less than the national average for all working Americans.Our data indicates that the best paid Mortgage Loan Officers work for Sage at $115,000 annually while the lowest paid Mortgage Loan Officers work for Equity One earning approximately $23,000 each year. As of Oct 12, 2020, the average annual pay for a Mortgage Loan Officer in the United States is $73,756 a year. While ZipRecruiter is seeing annual salaries as high as $181,000 and as low as $16,000, the majority of Mortgage Loan Officer salaries currently range between $35,000 (25th percentile) to $100,000 (75th percentile) across the United States. 129 mortgage loan officer bank of america jobs available. See salaries, compare reviews, easily apply, and get hired. New mortgage loan officer bank of america careers are added daily on SimplyHired.com. The low-stress way to find your next mortgage loan officer bank of america job opportunity is on SimplyHired. There are over 129 mortgage loan officer bank of america careers waiting for you.
While some mortgage loan officers do earn six-figure salaries, most are mid-five-figure folks. The US Bureau of Labor Statistics reports the median salary for a loan officer was $51,760 in 2006, with the middle 50 percent earning between $37,590 and $73,630. How much does a Loan Officer make in the United States? The average Loan Officer salary in the United States is $66,936 as of September 25, 2020, but the salary range typically falls between $58,545 and $75,905.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. The typical Bank of America Loan Officer salary is $40,651. Loan Officer salaries at Bank of America can range from $30,997 – $78,066. This estimate is based upon 97 Bank of America Loan Officer salary report(s) provided by employees or estimated based upon statistical methods.
How to Become a Loan Officer. Most loan officers need a bachelor’s degree and receive on-the-job training. Mortgage loan officers must be licensed. Pay. The median annual wage for loan officers was $63,270 in May 2019. Job Outlook Average Bank of America Loan Officer yearly pay in the United States is approximately $49,494, which is 59% below the national average. Salary information comes from 59 data points collected directly from employees, users, and past and present job advertisements on Indeed in the past 36 months. How much does a Mortgage Loan Officer make in Los Angeles, CA? The average salary for a Mortgage Loan Officer is $35,417 in Los Angeles, CA. Salaries estimates are based on 80 salaries submitted anonymously to Glassdoor by Mortgage Loan Officer employees in Los Angeles, CA.
The broker or bank, or whomever employs the loan officer,. Or what the average mortgage loan officer salary is? Well, take note that most loan officers do not receive a base salary, only commission, so they are paid for performance. Sales performance. Anh Nguyen – Mortgage Loan Officer – Bank of America Get information about Anh Nguyen, a Bank of America Senior Financial Center Lending Officer in Plano, TX. Find contact information, expertise and more, to start your path to the right loan. Anh Nguyen, mortgage loan officer A Bank of America Mortgage Loan Officer annual salary is about $0, based on salary and pay scale data from 0 real Bank of America employees.
The average salary for a Loan Officer is $143,919 per year in San Francisco, CA. Learn about salaries, benefits, salary satisfaction and where you could earn the most. The average salary for a Mortgage Loan Officer with Mortgage Loans skills is $48,600. Visit PayScale to research mortgage loan officer salaries by city, experience, skill, employer and more. The average hourly pay for a Mortgage Loan Officer at Bank of America Corp. (BOFA) is $15.47. Visit PayScale to research mortgage loan officer hourly pay by city, experience, skill, employer and more.
Bank of America offers tailored guidance for your unique situation, competitive rates and online resources and mortgage calculators that help clarify the home buying process from beginning to end. Our local Bank of America mortgage loan officers are committed to working with you to find the home loan that’s right for your needs. How Mortgage Loan Officers Get Paid . Loan officers get paid in a way that they call "on the front" and/or "on the back." If a loan officer makes money on the front, that means they are charging. Bank of America and its affiliates consider for employment and hire qualified candidates without regard to race, religious creed, religion, color, sex, sexual orientation, genetic information, gender, gender identity, gender expression, age, national origin, ancestry, citizenship, protected veteran or disability status or any factor prohibited by law, and as such affirms in policy and practice.
The average salary for Loan Officer at companies like Bank Of America in the United States is $101,326 as of September 25, 2020, but the salary range typically falls between $88,331 and $110,519. Browse through Mortgage Loan Officer jobs in Bullhead City, Arizona. You can apply for any Bullhead City Mortgage Loan Officer positions right from the Bank of America Careers site. As of Oct 10, 2020, the average annual pay for a Senior Loan Officer in the United States is $108,945 a year. While ZipRecruiter is seeing annual salaries as high as $302,000 and as low as $16,000, the majority of Senior Loan Officer salaries currently range between $60,000 (25th percentile) to $120,000 (75th percentile) across the United States.
As mentioned above, the more specific job duties of a loan officer are dependent upon the particular financial institution the loan officer represents. Each of these unique jobs has its own set of job duties and in order to get a more detailed overview of what these are you’ll want to do a bit more research beyond this particular article.