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Loan Operations Officer Salary
in Chicago, Illinois

$93,379 (USD)

Average Salary


Average Hourly


Average Bonus

Last updated: May 20, 2019

Salary Recap

The average pay for a Loan Operations Officer is $93,379 a year and $45 an hour in Chicago, Illinois, United States. The average salary range for a Loan Operations Officer is between $66,307 and $115,611. On average, a High School Degree is the highest level of education for a Loan Operations Officer. This compensation analysis is based on salary survey data collected directly from employers and anonymous employees in Chicago, Illinois.

Average Salary Chart

Scroll for Salary Potential, Education and Skills

Job Summary

  • Supervises and coordinates activities of workers engaged in processing and recording commercial, residential, and consumer loans.
  • Reviews and authorizes corrections to loan records.
  • May supervise mortgage loan processor, mortgage loan closer, and clerk regarding procedures.
  • NOTE--ERI's salary based on asset size.
Loan Operations Officer Job Prevalence in Chicago, Illinois, United States

Job family: First-Line Supervisors of Office and Administrative Support Workers

Job family population: 1,458,380

Estimated population of Loan Operations Officer jobs: 7,029

Rate of error: 0.3%

Salary Potential

Estimated salary in 2024:
5 Year Change:
16 %



Loan Operations Officer Job Listings for Chicago, Illinois

Mortgage Loan Officer Assistant
Mar 18
Lombard, IL, USA
Market Place Mortgage Corp.
Consistently Communicating with the Loan Officer, Operations staff, Lenders and Clients. Requirements: * Minimum 1 year of mortgage experience * Ability to prioritize tasks, and follow through to ...
Outside Mortgage Loan Officer / Branch Manager Opportunity
Feb 19
Chicago, IL, USA
American Residential Lending
Operations : so we have the best prices, the most flexible comp, and an incredibly expansive product line...so how about operations? We close loans in as little as 14 days and on average in 28 days.
Loan Officer
Mar 18
Lombard, IL, USA
Market Place Mortgage Corp.
Market Place Mortgage Corp. is seeking experienced Loan Originators to join our team in our Lombard ... We offer above industry average compensation plans, and seasoned operations staff to support your ...
Sr. Mortgage Loan Originator / Branch Manager
May 15
Chicago, IL, USA
Dunson & Associates, Inc.
... level solutions for operations, leadership development, content marketing, engagement, talent ... A base salary is available for qualified, entry level mortgage loan officers (inquire with hiring ...
Mortgage Loan Processor
May 6
Chicago, IL, USA
StaffLINK Consulting
The Loan Manager will work directly with Production Associate or Loan Officer and team to ... Return any incomplete loans back to Operations Manager with explanation, so they may complete and ...
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