What is the average starting loan officer salary?
The average starting loan officer salary as of 2010 is approximately $33,000 per year. This is, expectedly, on the low end of the spectrum when it comes to how much money the average loan officer makes. The average salary for loan officers is about $55,000 per year. As your experience in the industry grows, your salary should grow as well. Loan officers in the top 10 percent of the salary range make over $106,000 per year on average. Different types of loan officers can make more money than others, with commercial loan officers being one of the best paid.