What is a loan officer assistant?
A loan officer assistant plays a vital role in the administrative upkeep of a loan office. As such, the duties
of a loan officer assistant cover the entire loan origination process, including managing paperwork and
interacting with everyone involved to keep the process moving efficiently. A loan officer assistant job
description may include taking loan applications, answering clients’ questions, and filing necessary paperwork.
Want to learn what to expect when becoming a loan officer assistant? Read on to find out about education and
skill requirements, plus potential salary and career paths.
How is this role monitored?
Loan officer assistants typically report to the organization’s loan officer or loan originator and must adhere
to the federal and state tests and licensing requirements.
A successful loan officer assistant helps ensure the entire loan process runs smoothly, from filing necessary
documents on-time and accurately, to maintaining appropriate correspondence with all involved parties.
Loan officer assistant salary
If this sounds like a career path for you, you may be wondering, how much does a loan officer assistant make?
Although there isn’t an official U.S. government classification for the position, you can calculate a loan
officer assistant’s salary by looking at the median salaries for a loan officer, $63,270 in May 2019, and for
secretaries and administrative assistants,
$39,850 in May 2019.
Expect a loan officer assistant salary to fall within this range. However, the exact amount will depend on your
experience and education, as well as the company type and where it’s located.