
Loan officer assistants typically earn a salary range of $40,000 to $70,000 per year, depending on factors like location and experience.
In the United States, the average salary for a loan officer assistant is around $55,000 per year, according to recent data.
The highest paying cities for loan officer assistants are typically major financial hubs, such as New York City and San Francisco.
In these cities, loan officer assistants can earn upwards of $80,000 per year, with some positions reaching as high as $100,000.
Loan Officer Assistant Salary
The average loan officer assistant salary in the United States is $45,681. This number can vary depending on location, education, and experience.
In some cases, loan officer assistants can earn upwards of $72,000 per year, while others may earn as little as $28,000. The average hourly rate for a loan officer assistant is $21.96 per hour.
Loan officer assistants earn the highest average salary in New York, but salaries can also be found in other states like Florida, Ohio, and Minnesota.
Consider reading: Loan Officer Assistant
Here's a breakdown of some recent loan officer assistant salaries:
Salary Information
The average loan officer assistant salary in the United States is $45,681, with salaries ranging between $28,000 and $72,000 yearly.
The average hourly rate for loan officers assistant is $21.96 per hour.
Loan officer assistant salary is impacted by location, education, and experience.
Loan officers assistant earn the highest average salary in New York.
Here's a breakdown of the average loan officer assistant salary in different states:
The lowest earners for mortgage loan officer assistants and related professions earned about $37,024 per year in 2023, while the highest earners made about $139,464 annually.
The median salary for mortgage loan officer assistants in the United States in 2023 was $69,992.
The median advertised salary for mortgage loan officer assistants was $65,408 per year, based on 19,516 job postings.
The median hourly salary for open positions for mortgage loan officer assistants in the United States is about $31.
Job Market and Trends
There were about 321,457 positions for mortgage loan officer assistants in the United States in 2023.
The national median salary for mortgage loan officer assistants was reported to be $69,992 in 2023.
Employers across the country posted 60,182 job postings related to positions for mortgage loan officer assistants.
Advertised salaries for mortgage loan officer assistants have decreased 35% since September 2020.
This significant decline in salary is a trend worth noting for those considering a career in this field.
Salary Breakdown
The average loan officer assistant salary in the United States is $45,681, but it can range from $28,000 to $72,000 yearly.
Loan officer assistant salaries are impacted by location, education, and experience. In New York, they earn the highest average salary.
Here are some specific examples of loan officer assistant salaries from recent job postings:
The hourly rate for loan officer assistants is $21.96 on average, but it can range from $18 to $67.
By Year
The average salary for a loan officer assistant in the United States is $45,681 per year. This is a significant figure that can impact one's financial planning and decision-making.
Loan officer assistant salaries can range from $28,000 to $72,000 yearly, which is a wide margin that depends on various factors.
In terms of hourly rate, loan officers assistants earn an average of $21.96 per hour.
Hourly
The hourly salary for loan officer assistants and mortgage loan officer assistants varies significantly. The average hourly rate for loan officers assistant is $21.96 per hour.
Mortgage loan officer assistants can earn a median average hourly pay of $34 in 2023. This is a decent hourly wage for those in the field.
The highest reported hourly salaries for mortgage loan officer assistants was $67, a substantial difference from the median hourly pay. This highlights the potential for high earnings in the field.
The median hourly salary for open positions for mortgage loan officer assistants in the United States is about $31, based on 32% of postings with advertised compensation.
Frequently Asked Questions
What does a loan officer assistant do?
A loan officer assistant supports loan and mortgage officers by handling paperwork, credit checks, and customer communication, ensuring smooth loan processing. Their tasks also include preparing cost estimates for borrowers and gathering missing information.
What is the lowest salary for a loan officer?
The lowest salary for a loan officer is around $24,312 per year, based on national averages. However, salaries can vary widely depending on location and experience.
Do loan officer assistants make commission?
Loan officer assistants typically do not make commission, but may receive a salary or hourly rate instead. However, in some cases, they may receive a portion of the loan officer's commission.
Sources
- https://www.zippia.com/salaries/loan-officer-assistant/
- https://www.franklin.edu/career-guide/loan-officers/how-much-salary-do-mortgage-loan-officer-assistants-make
- https://www.salary.com/research/salary/listing/loan-officer-assistant-salary/tn
- https://www.salary.com/research/salary/listing/mortgage-loan-assistant-salary
- https://jobapscloud.com/MD/
Featured Images: pexels.com