Do loan officers make good money?

Asked by Cheryl Galinis on November 15, 2021

Categories: Personal finance Home financing

Rating: 4.3/5 (73 votes)

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.

How much does a bank teller make? Bank teller median pay was $14.16 an hour, or $29,450 a year, as of 2018 per the Bureau of Labor Statistics. The average salary of bank tellers, per PayScale, is $12.21 as of Jan.2020. Chase and Bank of America offer the highest paying jobs to bank tellers, while PNC andU.S. Bank are among the lowest.

How much does a loan officer make per hour? National Average

Salary Range (Percentile)
25th Average
Monthly Salary $2,958 $6,228
Weekly Salary $683 $1,437
Hourly Salary $17 $36

How do I become aloan officer with no experience? How can I get a job as a loan originator with no experience? The first requirement is to get licensed, if youaren't already. To do this, you'll have to complete 20 hours of pre-licensing education and pass an exam with a score of at least 75%.