How to hire a loan officer assistant

Loan officer assistant hiring summary. Here are some key points about hiring loan officers assistant in the United States:

HR departments typically spend 15% of their expenses on recruitment.
It usually takes about 12 weeks for a new employee to reach full productivity levels.
It typically takes 36-42 days to fill a job opening.
The median cost to hire a loan officer assistant is $1,633.
Small businesses spend an average of $1,105 per loan officer assistant on training each year, while large companies spend $658.
There are currently 257,923 loan officers assistant in the US and 65,094 job openings.
Dallas, TX, has the highest demand for loan officers assistant, with 5 job openings.
San Diego, CA has the highest concentration of loan officers assistant.

How to hire a loan officer assistant, step by step

To hire a loan officer assistant, you should create an ideal candidate profile, determine a budget, and post and promote your job. Here's a step-by-step guide on how to hire a loan officer assistant:

Here's a step-by-step loan officer assistant hiring guide:

Step 1: Identify your hiring needs
Step 2: Create an ideal candidate profile
Step 3: Make a budget
Step 4: Write a loan officer assistant job description
Step 5: Post your job
Step 6: Interview candidates
Step 7: Send a job offer and onboard your new loan officer assistant
Step 8: Go through the hiring process checklist

What does a loan officer assistant do?

Loan Officer Assistants assist loan officers in processing the loan applications of clients. Loan officer assistants primarily work on the administrative tasks in the departments. They are in charge of managing documents, updating databases, and sorting files. Loan officer assistants may be assigned to review applications of clients. They should check whether both the application form and the supplementary documents are complete. They may also assess whether the clients meet the requirements for the loan. Upon checking, they manage the documents and package them for submission to the lender. Loan officer assistance may also be assigned to coordinate with lenders and update in-house policies according to the lenders' policies.

Learn more about the specifics of what a loan officer assistant does

Post a loan officer assistant job for free, promote it for a fee

Identify your hiring needs

Before you post your loan officer assistant job, you should take the time to determine what type of worker your business needs. While certain jobs definitely require a full-time employee, it's sometimes better to find a loan officer assistant for hire on a part-time basis or as a contractor.

Determine employee vs contractor status

Is the person you're thinking of hiring a US citizen or green card holder?

A loan officer assistant's background is also an important factor in determining whether they'll be a good fit for the position. For example, loan officers assistant from different industries or fields will have radically different experiences and will bring different viewpoints to the role. You also need to consider the candidate's previous level of experience to make sure they'll be comfortable with the job's level of seniority.

This list shows salaries for various types of loan officers assistant.

Type of Loan Officer Assistant	Description	Hourly rate
Loan Officer Assistant	Loan officers evaluate, authorize, or recommend approval of loan applications for people and businesses.	$13-34
Loan Coordinator	A Loan Coordinator is responsible for processing loan applications and determining the eligibility of applicants for loan options. Loan Coordinators perform administrative and clerical duties under the supervision of a loan supervisor... Show more	$14-24
Mortgage Consultant	A mortgage consultant is a professional who helps customers and businesses identify the best option for mortgage deals based on their financial resources. To maintain an excellent relationship with clients, mortgage consultants must possess a broad knowledge of the company's products to answer all the clients' queries and concerns... Show more	$11-30

Create an ideal candidate profile
Common skills:
- Customer Service
- Origination
- Loan Process
- Loan Origination
- FHA
- Va
- Administrative Tasks
- Credit Reports
- Escrow
- NMLS
- Loan Programs
- Loan Products
- Order Appraisals
- Tax Returns
Check all skills
Responsibilities:
- Supervise and manage the processing staff and also underwrite conventional loans for correspondent lenders.
- Collect and organize sales and listing data for files, assemble all data in accordance with Fannie Mae and FHA guidelines.
- Field incoming requests for VA home loans.
- Review loans for REPSA and HMDA guidelines, compliance and require documents.
- Check RESPA for compliance and re-disclose for any loan changes or fee corrections.
- Review documents and ensure all applicable disclosures are in loan file according to RESPA guidelines.
More loan officer assistant duties

Make a budget

Including a salary range in your loan officer assistant job description helps attract top candidates to the position. A loan officer assistant salary can be affected by several factors, such as geography, experience, seniority, certifications, and the prestige of the hiring company.

For example, the average salary for a loan officer assistant in Indiana may be lower than in New York, and an entry-level loan officer assistant usually earns less than a senior-level loan officer assistant. Additionally, a loan officer assistant with certifications may command a higher salary, and working for a well-known company or start-up may also impact an employee's pay.

Average loan officer assistant salary

$45,681yearly

$21.96 hourly rate

Entry-level loan officer assistant salary

$28,000 yearly salary

Updated December 15, 2025

Average loan officer assistant salary by state

Rank	State	Avg. salary	Hourly rate
1	New York	$57,169	$27
2	Arkansas	$55,694	$27
3	Texas	$54,941	$26
4	South Dakota	$54,333	$26
5	Pennsylvania	$51,054	$25
6	District of Columbia	$49,258	$24
7	Minnesota	$48,679	$23
8	Oregon	$47,827	$23
9	Iowa	$47,063	$23
10	Washington	$46,669	$22
11	Florida	$44,575	$21
12	California	$44,527	$21
13	Colorado	$44,350	$21
14	Ohio	$44,085	$21
15	North Carolina	$43,408	$21
16	Arizona	$42,491	$20
17	Virginia	$41,834	$20
18	Illinois	$41,673	$20
19	Louisiana	$41,386	$20
20	Tennessee	$39,981	$19

Average loan officer assistant salary by company

Rank	Company	Average salary	Hourly rate	Job openings
1	Stifel Financial	$61,819	$29.72	4
2	Comerica	$60,684	$29.18	7
3	M&T Bank	$57,144	$27.47	51
4	Columbia University in the City of New York	$55,916	$26.88	24
5	Wells Fargo	$55,464	$26.67	33
6	The PNC Financial Services Group	$55,283	$26.58	153
7	Loyola Marymount University	$54,043	$25.98	3
8	Cardinal Financial	$53,496	$25.72	9
9	Hometown Lenders	$53,158	$25.56
10	CrossCountry Mortgage	$52,879	$25.42	120
11	Fairway Independent Mortgage	$51,887	$24.95	8
12	Stock Yards Ban	$50,203	$24.14
13	Insperity	$49,097	$23.60
14	United Community Bank	$48,760	$23.44	44
15	Lee Hecht Harrison	$48,317	$23.23	2
16	The State of Oregon	$48,163	$23.16	11
17	C2 Financial	$48,090	$23.12
18	Summit Funding	$47,907	$23.03	9
19	Jobot	$47,785	$22.97
20	PNC	$47,018	$22.60	216

Writing a loan officer assistant job description
A loan officer assistant job description should include a summary of the role, required skills, and a list of responsibilities. It's also good to include a salary range and the first name of the hiring manager. Below, you can find an example of a loan officer assistant job description:
Loan officer assistant job description example
Schedule: Monday to Friday - 9 AM - 6 PM (1 Hour Lunch Break)
Compensation:
$40,000 - $50,000 yearly
Responsibilities:
Included, but not limited to:
- Handle inbound warm leads from interested clients.
- Take applications, pull credit, and learn Madison Mortgage's internal loan origination system.
- Communicate with Loan Officers and support staff to coordinate the entire mortgage application process
- Coordinate and prepare the documentation necessary for verifications and underwriting such as loan files, loan packages, credit reports, and additional mortgage application paperwork.
- Verify that all loan package documentation received is accurate and complete in accordance with company policy and procedures and report any discrepancies to the loan originator/loan officer.
- Handle all customer and in-house inquiries about transactions so the process is smooth, and customers receive excellent service.
- Assist with administrative duties such as making and screening calls, booking appointments, etc.
Qualifications:
- Bachelor's Degree Preferred
- Experience in a residential mortgage environment is preferred
About Company

Madison Mortgage Services is a diverse group of mortgage experts, sales superstars, tech gurus, marketing whizzes, and more. We are NY’s #1 mortgage brokerage. We’re a growing, family-owned and operated company that still feels like family. We believe in setting our team members up for success by creating a unique, energetic culture where you can be yourself and still reach your professional goals.

Here are some of the reasons you’ll love working here:
- Fun and fast-paced environment with great team-oriented people
- A comfortable work environment where employee comfort is the #1 focus
- Strong potential for learning and professional growth
- Great leadership and a family-style environment
- A high-tech workplace with state-of-the-art technology, computers, phones
Post your job
To find loan officers assistant for your business, try out a few different recruiting strategies:
- Consider internal talent. One of the most important talent pools for any company is its current employees.
- Ask for referrals. Reach out to friends, family members, and your current work to ask if they know any loan officers assistant they would recommend.
- Recruit at local colleges. Attend job fairs at local colleges to recruit entry-level loan officers assistant with the right educational background.
- Social media platforms. LinkedIn, Facebook, and Twitter have more than 3.5 billion users, and they're a great place for company branding and reaching potential job candidates.
Post your job online:
- Post your loan officer assistant job on Zippia to find and attract quality loan officer assistant candidates.
- Use niche websites such as efinancialcareers, financialjobsweb.com, careerbank, financial job bank.
- Post a job on free websites.
Interview candidates
Your first interview with loan officer assistant candidates should focus on their interest in the role and background experience. As the hiring process goes on, you can learn more about how they'd fit into the company culture in later rounds of interviews.
You should also ask about candidates' unique skills and talents to see if they match the ideal candidate profile you developed earlier. Candidates good enough for the next step can complete the technical interview.
The right interview questions can help you assess a candidate's hard skills, behavioral intelligence, and soft skills.
Send a job offer and onboard your new loan officer assistant
Once you've found the loan officer assistant candidate you'd like to hire, it's time to write an offer letter. This should include an explicit job offer that includes the salary and the details of any other perks. Qualified candidates might be looking at multiple positions, so your offer must be competitive if you like the candidate. Also, be prepared for a negotiation stage, as candidates may way want to tweak the details of your initial offer. Once you've settled on these details, you can draft a contract to formalize your agreement.
It's equally important to follow up with applicants who don't get the job with an email letting them know that the position has been filled.
To prepare for the new employee's start date, you can create an onboarding schedule and complete any necessary paperwork, such as employee action forms and onboarding documents like I-9 forms, benefits enrollment, and federal and state tax forms. Human Resources should also ensure that a new employee file is created.
Go through the hiring process checklist
- Determine employee type (full-time, part-time, contractor, etc.)
- Submit a job requisition form to the HR department
- Define job responsibilities and requirements
- Establish budget and timeline
- Determine hiring decision makers for the role
- Write job description
- Post job on job boards, company website, etc.
- Promote the job internally
- Process applications through applicant tracking system
- Review resumes and cover letters
- Shortlist candidates for screening
- Hold phone/virtual interview screening with first round of candidates
- Conduct in-person interviews with top candidates from first round
- Score candidates based on weighted criteria (e.g., experience, education, background, cultural fit, skill set, etc.)
- Conduct background checks on top candidates
- Check references of top candidates
- Consult with HR and hiring decision makers on job offer specifics
- Extend offer to top candidate(s)
- Receive formal job offer acceptance and signed employment contract
- Inform other candidates that the position has been filled
- Set and communicate onboarding schedule to new hire(s)
- Complete new hire paperwork (i9, benefits enrollment, tax forms, etc.)
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How much does it cost to hire a loan officer assistant?

Before you start to hire loan officers assistant, it pays to consider both the one-off costs like recruitment, job promotion, and onboarding, as well as the ongoing costs of an employee's salary and benefits. While most companies that hire loan officers assistant pay close attention to the initial cost of hiring, ongoing costs are much more significant in the long run.

Loan officers assistant earn a median yearly salary is $45,681 a year in the US. However, if you're looking to find loan officers assistant for hire on a contract or per-project basis, hourly rates typically range between $13 and $34.

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Updated December 15, 2025

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How to hire a loan officer assistant