CDCareer Decision

Loan Officers Salary in IL

In the 2025 U.S. Bureau of Labor Statistics, OEWS dataset, Loan Officers in IL have a median annual salary of $79,150, with 10,890 recorded jobs in this area. Recorded earnings range from $43,020 at the 10th percentile to $137,080 at the 90th percentile.

Source: U.S. Bureau of Labor Statistics, OEWS · Data year: 2025 · Last updated: 2026-09-22

Salary overview

Median annual salary

$79,150

Data year: 2025

Hourly median

$38.05

Employment

10,890

Source

U.S. Bureau of Labor Statistics, OEWS

Salary distribution

$43,020
10th
$60,520
25th
$79,150
Median
$104,560
75th
$137,080
90th

Local compared with national

IL

$79,150

Median annual · 2025

United States

$76,690

Median annual · 2025

The IL median is 3.2% above the national median in the available dataset (a difference of $2,460).

Top skills

  1. 1.Active ListeningImportance 4.0
  2. 2.SpeakingImportance 4.0
  3. 3.Reading ComprehensionImportance 3.9
  4. 4.Judgment and Decision MakingImportance 3.9
  5. 5.Critical ThinkingImportance 3.8
  6. 6.WritingImportance 3.4
  7. 7.MathematicsImportance 3.3
  8. 8.Social PerceptivenessImportance 3.3
  9. 9.Complex Problem SolvingImportance 3.3
  10. 10.Active LearningImportance 3.1
  11. 11.Time ManagementImportance 3.1
  12. 12.Service OrientationImportance 3.0

Career information

Education and experience

Typical education
Bachelor's Degree
Experience
Over 4 years, up to and including 6 years
Job zone
4

Technology used

  • 1003 Uniform Residential Loan Application
  • Amortization loan software
  • Bankers Systems Rembrandt Lending System
  • Bottom Line LoanMaster Loan Servicing
  • California Infinite LPS
  • Calyx Point
  • CGI-AMS BureauLink Enterprise
  • CGI-AMS CACS Enterprise
  • CGI-AMS Strata
  • Click1003 Online Mortgage Application
  • Common business oriented language COBOL
  • Credit and risk analysis software
  • Credit fraud detection software
  • Credit underwriting software
  • Customer information control system CICS

Common tasks

  • Review billing for accuracy.
  • Meet with applicants to obtain information for loan applications and to answer questions about the process.
  • Analyze applicants' financial status, credit, and property evaluations to determine feasibility of granting loans.
  • Approve loans within specified limits, and refer loan applications outside those limits to management for approval.
  • Explain to customers the different types of loans and credit options that are available, as well as the terms of those services.
  • Submit applications to credit analysts for verification and recommendation.
  • Review loan agreements to ensure that they are complete and accurate according to policy.
  • Review and update credit and loan files.
  • Obtain and compile copies of loan applicants' credit histories, corporate financial statements, and other financial information.
  • Work with clients to identify their financial goals and to find ways of reaching those goals.

Related careers

Occupations recorded as related in the dataset. A relationship does not imply a guaranteed transition.

Loan Officers salary in other locations

Other occupations in IL