How much does a bank loan officer make per year or per month?

already exists.

Would you like to merge this question into it?

already exists as an alternate of this question.

Would you like to make it the primary and merge this question into it?

exists and is an alternate of .

Median annual earnings of loan counselors were $32,010 in 2002. The middle 50 percent earned between $26,330 and $41,660. The lowest 10 percent earned less than $22,800, while the top 10 percent earned more than $57,400. Median annual earnings of loan officers were $43,980 in 2002. The middle 50 percent earned between $32,360 and $62,160. The lowest 10 percent earned less than $25,790, while the top 10 percent earned more than $88,450. Median annual earnings in the industries employing the largest numbers of loan officers in 2002 were:
  • Activities related to credit intermediation $47,240
  • Management of companies and enterprises 46,420
  • Nondepository credit intermediation 44,770
  • Depository credit intermediation 41,450
The form of compensation for loan officers varies. Most loan officers are paid a commission that is based on the number of loans they originate. In this way, commissions are used to motivate loan officers to bring in more loans. Some institutions pay only salaries, while others pay their loan officers a salary plus a commission or bonus based on the number of loans originated. Banks and other lenders sometimes offer their loan officers free checking privileges and somewhat lower interest rates on personal loans. According to a salary survey conducted by Robert Half International, a staffing services firm specializing in accounting and finance, mortgage loan officers earned between $36,000 and $45,750 in 2002; consumer loan officers with 1 to 3 years of experience earned between $42,250 and $56,750; and commercial loan officers with 1 to 3 years of experience made between $48,000 and $64,500. With over 3 years of experience, commercial loan officers made between $66,000 and $92,000, and consumer loan officers earned between $55,500 and $75,750. Earnings of loan officers with graduate degrees or professional certifications were approximately 10 to 15 percent higher than these figures. Loan officers who are paid on a commission basis usually earn more than those on salary only, and those who work for smaller banks generally earn less than those employed by larger institutions. (The above is from the U.S. Bureau of Labor Statistics.)
133 people found this useful

How much does a bank loan officer make per year or month?

Answer . \nIn CA, most bank loan officers get a base pay of 30K. But, if you're funding loans consistantly, because of commission, you can make 50K and higher. BUT, if you're not funding enough loans, or not getting anything at all, you will most likely be fired. The pay potential is high, but j (MORE)

How much does a doctor make per year?

A average doctor can make an average salary of 75,000 90,000 the first years as a rookie but, after being with your business for a while you can average 105,000 - 125,000 a year. It also differs if you specialize in certain fields of doctoring, if so then it can be up to 200,000 - 250,000. If you wo (MORE)

How much does a loan officer make per year?

The amount a loan officer makes depends for who is he working for, Banks have loan officers on salary, maybe with bonus, others works on percentages called points, but new Federal regulations are very hard on them now, because some loan officer charged a lot on points to the client to make big profi (MORE)

How much money do police officers make per month?

A police makes $50,000 the first year on the job. your pay will get higher each year. i know this because i interviewed a police for a school project. By: kira A police makes $50,000 the first year on the job. your pay will get higher each year. i know this because i interviewed a police for a schoo (MORE)

How much does an electriction make per year?

Electrician income . \nThe amount an electrician makes per year is dependent on alot of variables\nGeographic location\nunion affiliation\ntype of work such as residential commercial or industrial\nwhether you do construction or maintenance\n. \nthe higher wages are found on the coasts and north (MORE)

How much do lawyers make per year?

$50,000 to $165,000 a year for most . The average is between $85,000 and $125,000 a year . Earnings depend on experience, reputation, and the type of law

How Much Does A Contractor Make per Year?

Answer . This varies quite a bit. A contractor who cannot secure any contracts doesn't make anything, while someone with a highly desirable and specialized skillset in an extended contract or series of contracts can potentially make over 6 figures.

How much does a lawyer makes per year?

As much as he can. Factors in income include being on retainer by a company, charging aprox. $150 an hour for client services, taking law suit cases where the attorney works for the potential to receive a third of whatever amount his client is awarded (assuming he wins). Corporate lawyers probably m (MORE)

How much does a journalist make per year?

The salary of a journalist will vary on the market they work in,their experience, and who they are working for. The averagestarting pay for a journalist is around $35.000.

How much can an entomoligist make per year?

The average salary for an entomologist is $62,000 per year.However, this figure can vary greatly depending on experience,employer, and specialty. High end of the salary can reach upwardsof 100,000 per year.

How much does an orthodontists make per year?

Answer . It all depends in which country he lives, which part of the country, and how many days per week he or she works.. But to answer the question in a different way, an orthodontist makes in average a higher salary than a dentist.

How much do photographers make per year?

A photographer's salary can vary greatly depending on whether he isself-employed and the number of clients he has. The average salaryfor a photographer working in a studio is around $23,000 per year.Self-employed photographers can make considerably more or less thanthis figure.

How much do architects make per month?

Architects can make between $50,000- $84,000 dollars a year. Thisequals out to be about $4,100- $6,900 per month. The pay mayincrease or decrease depending on if they are licensed.

How much do hospitalists make per year?

usually around 144,030 $ to 161,530 $ in a year usually around 144,030 $ to 161,530 $ in a year My friend just started a Hopitalist job in NC and got paid 240 K ( 7 on/ 7 off) schedule! He loves it. Another friend of mine got 215K last year in Florida ( 7 on/7 off) I m getting offers any where (MORE)

How much does a mechanic make per year?

It depends on many factors. Many auto mechanices are specialized and different types of pay rates are used. In the US, an auto mechanic can make from $40,000 to $200,000 per year depending upon location, training, and specialties.

How much does a businessman make per month?

The term "businessman" is a broad one, and there will be a wide range of compensation. There is probably no way to even cite a range of incomes as there are so many different types of businessmen. Additionally, they are working in such a wide variety of businesses and in a number of levels within th (MORE)

How much does a cosmetologists make per year?

According to the U.S. Department of Labor, Bureau of Labor statistics (May 2007) the following annual wage estimate according to percentile for cosmetologists is as follows. . 10% - $14,790 . 25% - $17,060 . 50% - $22,210 (Median) . 75% - $30,080 . 90% - $41,290 . For the source and more det (MORE)

How much does a obstetrician make per month?

The average median salary would be $120. per hour. The average median salary weekly would be $4800. The average median salary monthly would be $20,666. As of 2010, In the USA the annual median Obstetrician Salary is $248,000. The lower end 10% is around $101,000 annually. The upper end 10% (MORE)

How much does a babysiter make per year?

Depends on what country, what part of that country, and how many times a year the babysitter works, and how long each session is. It's like asking how long a piece of string is.

How much do you take home per month after taxes if you make 57000 per year?

The net amount that is on the paycheck that you have in your hand is your net pay for the pay period after all of the federal taxes and other necessary withholding amounts have been withheld from your gross earnings by your employer payroll department. You should get the information from your emplo (MORE)

If you make 45000 per annum how much do you make a month?

as there are 52 weeks in a year if you knock off the last 3 digits and multiple the number by 2 that is the earning per week. Then multiply by 4 to get a months earnings which would give around 3600 per month. Then minus tax at around 30% depending on country and the actual earning would be around 2 (MORE)

How much do judges make per month?

The amount a judge makes each month depends on their experience andthe level they are at. A typical magistrate judge will make around$120,000 per year, or $10,000 each month.

How much does a csi make per year?

A csi agent makes 30,000 to 40,000 dollars a year. If i was you,i would totally go for it. Just a tip: you should study hard starting now!

How much do nannies make per year?

If the nanny is through a company, it would depend not only on that nanny's desired price for their service (all varying on the location, size of house, number of household members, age of household members, and work desired from the nanny), but then there will be charges from the company for that n (MORE)

About how much does an accountant make per year?

Starting out, an accountant may be looking at anywhere between $40 to 60,000 depending on the size of the firm and the cost of living for the city. As a general rule, an accountant's salary will just about double every five years so by the time he reaches the partner level in 12-15 years, he could b (MORE)

How much do blizzard make per year?

Blizzard earn $260 Million a year on WoW alone (Subscriptions) They also have Stores, Expansions, And Other games From the WoW Pet Store they earn Around $20 Billion Per year Just for the Mounts Already over $20 Billion and that's just Subscriptions and Mounts For World Of Warcraft I Think is i (MORE)

How much does corn make per year?

It very much depends on the amount of corn produced, as if less corn is produced the prices rise and if more corn is harvested the prices drop- however, in the latter circumstance there is usually more to buy...

How much do a musician make per year?

It really depends on how popular said artist is. Most of the money that artists make is from either Merchandise sales or ticket sales at concerts. The average musician/band makes around $500 every six months from Album sales. But if they do a show, usually they can get a few hundred for a night depe (MORE)

How much do Roustabout's make per year?

Roustabouts typically earn $10-$15/hour, and the hours can vary depending on the size of the company that employees you. Smaller companies may only use roustabouts on an as-needed basis. You should look for a position with an established Oilfield Service company with existing employees or at least a (MORE)

Can a car dealership make you increase your payments per month due to a bank only allowing you to get a loan for 75 instead of 84 months?

The dealership is not the one increasing your payment. They are a messenger for the bank. Apparently the bank is reducing the term for any number of reason which could be anything from your credit worthiness to the type of car. They are doing you a favor and would do you an even bigger one if they w (MORE)

How much does a Navy SEAL make per month and year?

That depends entirely upon his individual rank, paygrade, time inservice, number of dependents, housing situation, training, dutystation, and deployment. For instance, base pay for an E5, 4 years time in service has abase pay of $2328.00, everything else only increases that.