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Or, simply put â if a loan officer helps you with your mortgage and the total fees and yield spread premium add up to be $4,000 and the loan officer is on a â80% splitâ the loan officer stands to make 80% of $4,000 or $3,200.
As of 2012, the median yearly salary for a loan officer is $59,820 per year or the equivalent of $28.76 per hour. According to the Bureau of Labor Statistics, the lowest 10% of wage earners in this field earn a yearly salary that is just under $32,600, but earners in the top 10% earn an average salary of over $119,710.Highest Paying States for Loan Officers | FindTheBest. Wages vary based on employer as well as job performance.Some loan officers are paid a flat salary or an hourly rate, but others earn commission on top of their regular compensation. Commissions are based on the number of loans these professionals originate or on how their loans are repaid.ages vary based on employer as well as job performance. Some loan officers are paid a flat salary or an hourly rate, but others earn commission on top of their regular compensation. Commissions are based on the number of loans these professionals originate or on how their loans are repaid.