If you’ve ever applied for a bank loan, you’ve likely encountered a loan officer.

These bank employees are responsible for working with clients in the loan program process (perInvestopedia).

Bureau of Labor Statistics).

Two Asian women analyzing documents

The median annual income of a loan officer is more than $60,000

As reported by theU.S.

Bureau of Labor Statistics, the median income for a loan officer in 2021 was $63,380.

Obviously, this pay will vary depending on location and experience.

Black woman working with client

Indian male meeting with elderly couple