How much does a Loan Specialist make in West Palm Beach, FL?
A Loan Specialist in West Palm Beach, Florida, earns an average yearly salary of $113,356. This figure provides a solid understanding of the potential earnings for those in this role. The salary range can vary, with some specialists earning as low as $42,000 and others earning up to $256,375 annually. This wide range reflects the different levels of experience and responsibilities within the field.
The salary distribution for Loan Specialists in West Palm Beach shows that most professionals earn between $80,977 and $158,932 per year. This range indicates that the majority of specialists fall within the middle of the salary spectrum. A smaller percentage of specialists earn the highest or lowest salaries, highlighting the potential for growth and advancement in the field. Understanding these figures can help job seekers set realistic expectations and goals for their career.
What are the highest paying cities for a Loan Specialist near West Palm Beach, FL?
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Wellington, FL
Average Salary: $246,938
In Wellington, FL, professionals in the lending industry enjoy a vibrant community. With companies like Wells Fargo and Chase Bank, there are ample opportunities to grow. The area offers a mix of urban and suburban settings, making it ideal for those seeking a balanced lifestyle.
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Greenacres, FL
Average Salary: $216,550
Greenacres, FL, provides a welcoming environment for those in the lending sector. The presence of local banks and financial institutions makes it a hub for financial services. The community is tight-knit, offering a supportive atmosphere for career development.
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Jupiter, FL
Average Salary: $153,138
Jupiter, FL, is known for its scenic beauty and professional opportunities. Working in lending here means being part of a growing financial sector. The area's upscale neighborhoods attract a diverse clientele, enhancing the work experience.
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Boca Raton, FL
Average Salary: $133,604
Boca Raton, FL, offers a dynamic environment for lending professionals. The city is home to several major financial firms, providing excellent career prospects. The area is known for its high quality of life, making it a great place to live and work.
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Lake Worth, FL
Average Salary: $129,858
Lake Worth, FL, provides a balanced setting for those in the lending industry. The city's financial institutions offer solid career opportunities. The community is friendly and offers a variety of recreational activities, enhancing work-life balance.
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Boynton Beach, FL
Average Salary: $125,521
Boynton Beach, FL, is a vibrant city for lending professionals. The area has a strong financial sector with companies like SunTrust Bank and others. The community is welcoming, offering a good mix of urban and coastal living.
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Delray Beach, FL
Average Salary: $99,929
Delray Beach, FL, offers a lively environment with many opportunities in the lending sector. The city is known for its diverse financial institutions. The area's coastal location provides a relaxed lifestyle, making it an attractive place to work and live.
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What are the best paying companies for a Loan Specialist in West Palm Beach, FL?
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Obsidian Financial Services
Average Salary: $246,938
Obsidian Financial Services offers competitive salaries for Loan Specialists. They focus on providing mortgage solutions and operate in West Palm Beach, FL. Their Loan Specialists work closely with clients to ensure smooth loan processes.
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SUCCESS MORTGAGE PARTNERS
Average Salary: $168,750
SUCCESS MORTGAGE PARTNERS provides a solid salary for Loan Specialists. They specialize in mortgage lending and have offices in West Palm Beach, FL. Loan Specialists here work on various mortgage products and help clients through the entire loan process.
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NewDay USA
Average Salary: $116,667
NewDay USA offers a good salary for Loan Specialists. They provide financial services and are located in West Palm Beach, FL. Loan Specialists at NewDay USA assist clients with loans and ensure they understand their options.
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Paramount Residential Mortgage Group
Average Salary: $90,831
Paramount Residential Mortgage Group offers a decent salary for Loan Specialists. They focus on residential mortgage lending and operate in West Palm Beach, FL. Loan Specialists here help clients with their mortgage applications and guide them through the process.
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Primus Advisory
Average Salary: $60,000
Primus Advisory provides a reasonable salary for Loan Specialists. They offer financial advisory services and are based in West Palm Beach, FL. Loan Specialists at Primus Advisory work with clients to provide personalized financial advice and support.
What are the best paying Loan Specialist related jobs in West Palm Beach, FL?
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Credit Analyst
Average Salary: $205,000
This role involves assessing the creditworthiness of potential borrowers. Analysts review financial documents and credit histories. They work for banks, credit unions, and financial institutions. Companies like JPMorgan Chase and Wells Fargo hire for these positions.
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Commercial Loan Officer
Average Salary: $133,825
These professionals help businesses secure loans. They evaluate business plans and financial statements. They work in banks and financial institutions. PNC Bank and BB&T are some of the companies hiring for these roles.
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Underwriter
Average Salary: $87,586
Underwriters assess the risk of lending money. They review applications and financial data. They work in insurance companies and banks. Companies like State Farm and Allstate hire underwriters.
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Sales Specialist
Average Salary: $86,382
Sales specialists promote financial products. They build relationships with clients and explain loan options. They work in banks and financial firms. Chase Bank and Bank of America are hiring for these positions.
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Risk Analyst
Average Salary: $79,750
Risk analysts identify potential financial risks. They analyze data and create reports. They work in banks and financial institutions. Companies like Citigroup and Goldman Sachs hire for these roles.
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Branch Manager
Average Salary: $79,657
Branch managers oversee daily operations. They manage staff and ensure customer satisfaction. They work in bank branches. Regions Bank and SunTrust Bank are hiring for these positions.
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Portfolio Manager
Average Salary: $77,296
Portfolio managers oversee investment portfolios. They make decisions to maximize returns. They work in investment firms and banks. Fidelity Investments and Vanguard are hiring for these roles.
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Financial Advisor
Average Salary: $76,639
Financial advisors provide investment advice. They help clients plan for the future. They work in financial firms and banks. Edward Jones and Merrill Lynch are hiring for these positions.
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Loan Processor
Average Salary: $67,538
Loan processors handle paperwork for loan applications. They ensure all documents are complete. They work in banks and financial institutions. Wells Fargo and Chase Bank are hiring for these roles.
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Mortgage Loan Originator
Average Salary: $65,840
Mortgage loan originators help clients find mortgage loans. They explain loan options and guide clients through the process. They work in mortgage companies and banks. Quicken Loans and Chase Bank are hiring for these positions.
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