Evaluate, authorize, or recommend approval of commercial, real estate, or credit loans. Advise borrowers on financial status and payment methods. Includes mortgage loan officers and agents, collection analysts, loan servicing officers, loan underwriters, and payday loan officers.
Annual wage data for Loan Officers (2024)
Estimated Total Employment (U.S.)
290,530
Line chart of annual wages by percentile. U.S. is the solid line. 10th percentile: U.S. $38,490. 25th percentile: U.S. $50,460. 50th percentile: U.S. $74,180. 75th percentile: U.S. $101,920. 90th percentile: U.S. $145,780. Use the left and right arrow keys to move between percentiles.
| Metric | U.S. |
|---|---|
| 10% of workers earn the following or less | $38,490 |
| 10% of workers earn the following or more | $145,780 |
| Workers on average earn | $86,020 |
+ indicates wage is at or above the BLS reporting cap ($239,200/year)
Key competencies for this occupation, ranked by importance
Equipment and software commonly used in this occupation
Frequently requested by employers in job postings
