Loan Officer Salary at Citi Wide Merchant Funding Inc BETA

How much does a Citi Wide Merchant Funding Inc Loan Officer make?

As of April 2025, the average annual salary for a Loan Officer at Citi Wide Merchant Funding Inc is $57,506, which translates to approximately $28 per hour. Salaries for Loan Officer at Citi Wide Merchant Funding Inc typically range from $50,104 to $66,368, reflecting the diverse roles within the company.

It's essential to understand that salaries can vary significantly based on factors such as geographic location, departmental budget, and individual qualifications. Key determinants include years of experience, specific skill sets, educational background, and relevant certifications. For a more tailored salary estimate, consider these variables when evaluating compensation for this role.

DISCLAIMER: The salary range presented here is an estimation that has been derived from our proprietary algorithm. It should be noted that this range does not originate from the company's factual payroll records or survey data.

Citi Wide Merchant Funding Inc Overview

Website:
citiwidemerchantfunding.com
Size:
<25 Employees
Revenue:
<$5M
Industry:
Financial Services

Citi Wide Merchant Funding has been a leader in providing small business access to working capital. We make it simple for your small business to gain access to affordable working capital. With hundreds of happy small business owners as clients we will work to create solutions tailored your needs and more importantly develop a deep working relationship. To learn more about what we can do for your small business call us at (631)608-2811.

See similar companies related to Citi Wide Merchant Funding Inc

What Skills Does a person Need at Citi Wide Merchant Funding Inc?

At Citi Wide Merchant Funding Inc, specify the abilities and skills that a person needs in order to carry out the specified job duties. Each competency has five to ten behavioral assertions that can be observed, each with a corresponding performance level (from one to five) that is required for a particular job.

  1. Financial services: A services provided by the finance industry, which encompasses a broad range of businesses that manage money. These services involve banking, brokerage, mortgages, credit cards, payment services, real estate, investment funds, taxes and accounting.
  2. Mortgage Loans: A mortgage loan or, simply, mortgage (/ˈmɔːrɡɪdʒ/) is used either by purchasers of real property to raise funds to buy real estate, or alternatively by existing property owners to raise funds for any purpose, while putting a lien on the property being mortgaged. The loan is "secured" on the borrower's property through a process known as mortgage origination. This means that a legal mechanism is put into place which allows the lender to take possession and sell the secured property ("foreclosure" or "repossession") to pay off the loan in the event the borrower defaults on the loan or otherwise fails to abide by its terms. The word mortgage is derived from a Law French term used in Britain in the Middle Ages meaning "death pledge" and refers to the pledge ending (dying) when either the obligation is fulfilled or the property is taken through foreclosure. A mortgage can also be described as "a borrower giving consideration in the form of a collateral for a benefit (loan)".
  3. Underwriting: Underwriting services are provided by some large financial institutions, such as banks, or insurance or investment houses, whereby they guarantee payment in case of damage or financial loss and accept the financial risk for liability arising from such guarantee. An underwriting arrangement may be created in a number of situations including insurance, issue of securities in a public offering, and bank lending, among others. The person or institution that agrees to sell a minimum number of securities of the company for commission is called the underwriter. The name derives from the Lloyd's of London insurance market. Financial bankers, who would accept some of the risk on a given venture (historically a sea voyage with associated risks of shipwreck) in exchange for a premium, would literally write their names under the risk information that was written on a Lloyd's slip created for this purpose.
  4. Loan Origination: Loan origination is the process by which a borrower applies for a new loan, and a lender processes that application. Origination generally includes all the steps from taking a loan application up to disbursal of funds (or declining the application). For mortgages, there is a specific mortgage origination process. Loan servicing covers everything after disbursing the funds until the loan is fully paid off. Loan origination is a specialized version of new account opening for financial services organizations. Certain people and organizations specialize in loan origination. Mortgage brokers and other mortgage originator companies serve as a prominent example. There are many different types of loans. For more information on loan types, see the loan and consumer lending articles. Steps involved in originating a loan vary by loan type, various kinds of loan risk, regulator, lender policy, and other factors.
  5. Pricing: Pricing is a process of fixing the value that a manufacturer will receive in the exchange of services and goods.

Related Jobs

Wilmington Savings Fund Society
Philadelphia , PA

Job Description At WSFS Bank, we empower our Associates to grow their careers, guide our customers to secure their financial futures, and actively support our Communities so they can fully thrive. Careers with WSFS Bank offer an inclusive and supportive culture, competitive salaries, advancement opportunities, and more. We are the region's locally headquartered bank and wealth management company. We are honored to consistently be named a Top Workplace by our Associates, who make a difference every day for the people, businesses, and Communities we serve. We Stand For Service® is more than part of our name, it’s our mission and our purpose. The Mortgage Loan Officer will market and originate residential mortgage loans. This position will be responsible for soliciting residential mortgages through their existing referral network and seeking opportunities to present the mortgage programs to individuals as well as professional organizations. Job Responsibilities: Provide service to custome


Sponsored
4/28/2025 12:00:00 AM
Caliver Beach Mortgage, LLC
Elizabeth , NJ

Do you have strong relationship building skills? Have you built your business largely on referrals? Are you an entrepreneur at heart? If so, then we have an exciting opportunity for you. Become your own boss at Caliver Beach Mortgage!! Description: •Run your business remotely on a P&L basis under the umbrella of Caliver Beach Mortgage! •Uncapped commissions! •Loan products for all borrower types! •Add additional LO's to your team OR act as an individual LO! •Licensed in 28 states and growing! •Administrative, operational and compliance support provided by Corporate! Successful Candidate Attributes: •Proven track record developing referral partner relationships with Realtors, CPA's, Financial Planners, etc. •Maintains a database of past clients for marketing purposes. •History of closing at least 3-5 units per month. Loan Officer Requirements: •An active NMLS/MLO license (required). •Strong knowledge of lending regulations and industry best practices. •Exceptional interpersonal and comm


Sponsored
4/28/2025 12:00:00 AM
Firstrust Bank
Horsham , PA

Objective: Mortgage Loan Officer Positions - PA, NJ, and Maryland Opportunities! *Hybrid Position* Originates residential mortgage loans in accordance with the guidelines of Firstrust Bank and/or its investors. Follows through from the origination process through and after loan closing to ensure customer satisfaction. The position is challenged to meet loan production goals, while ensuring the quality standards and compliance requirements. Firstrust Bank is an Affirmative Action Contractor and is an Equal Opportunity Employer. Minority/Female/Disabled/Veteran Responsibilities/Duties: Originates quality mortgage loans in accordance with the required goals as established by Firstrust Bank. Accurately completes all required application documents in accordance with the guidelines of Firstrust Bank and/or its investors. Requests necessary documentation from borrowers to insure loans conform to the guidelines and program requirements. Submits complete mortgage applications to the lending dep


Sponsored
4/26/2025 12:00:00 AM
Fulton Bank
Bensalem , PA

Value Proposition: Our values define us and our culture inspires us to change lives for the better. Our employees are the heart and soul of our company, and every success we experience begins with them. Together we are committed to making a positive impact in our local communities. We champion a culture of continuous learning, work-life integration, and inclusion. We promote a digitally enabled work environment to continuously enhance the experience of our employees and customers. Overview: This is a full-time, commissioned career opportunity based out of Bensalem, PA. Work with customers and prospective customers to assist them in identifying and securing a mortgage loan that is appropriate for their individual financial circumstances and is designed to help them achieve their financial goals, including home ownership. Requires to act on internal leads but to also cultivate external lead sources to generate origination of mortgage loans. A significant amount of time will be spent buil


Sponsored
4/26/2025 12:00:00 AM
Fulton Bank
Manville , NJ

Value Proposition: Our values define us and our culture inspires us to change lives for the better. Our employees are the heart and soul of our company, and every success we experience begins with them. Together we are committed to making a positive impact in our local communities. We champion a culture of continuous learning, work-life integration, and inclusion. We promote a digitally enabled work environment to continuously enhance the experience of our employees and customers. Overview: This is a full-time career opportunity that will cover our Northern and Central NJ markets with a focus on Somerset and Middlesex counties. Represent Fulton Mortgage Company as a Community Reinvestment Act Loan Officer in targeted territories. Originate Community Reinvestment Act qualifying mortgage loans. Establish and support relationships with Realtors and Housing Authorities. Plan, organize and speak at first time homebuyer seminars. Assist first time homebuyers with low to moderate income purch


Sponsored
4/26/2025 12:00:00 AM
Home Front Mortgage
Philadelphia , PA

Job Description Job Description Ready to Take Your Mortgage Career to the Next Level? We have an opportunity like no other!! We are currently looking for a Loan Officer who is ready to start closing 8-10 loans from day one with us. As the exclusive mortgage company for RE/MAX Affiliates, you will have access to over 370 buy-side transactions totaling $116 million in total volume. Here are just a few things we offer that most other lenders in the Philadelphia area can't or don't do: The most aggressive interest rate pricing in the state of PA FHA & VA purchases with FICO as low as 500 Non-Credit Qualifying FHA Streamlines Bank Statement Loans for self-employed borrowers Hard Money & Commercial Loans Down Payment Assistance Programs If we don’t have a loan product, we’ll add it for you! Here are a few things we will offer you to support your growth: Fully automated marketing for both customers and referral partners Remote access to all systems via cloud-based tools Plug-and-play CRM and


Sponsored
4/25/2025 12:00:00 AM
Paramount Residential Mortgage Group
Sea Girt , NJ

Overview: PRMG is Built by Originators for Originators. There is a reason why PRMG is consistently voted one of the best places to work. We focus on the areas that make an Originator successful and have an unmatched Culture. We look forward to helping you succeed as an Originator. Responsibilities: Essential Job Functions: Organization: Develops and implements strategies, satisfying customer needs through a full array of products and services. Coordination: Uses judgment and discretion to ensure uninterrupted flow of business. Communication: Communicates well verbally and in writing with co-workers and customers acting as liaison between customer and Companys internal departments to ensure cohesive business flow. Equipment: Uses such office equipment as computer terminals, copiers, and FAX machines. Physical: Sits and stands for extended time periods. Hearing and vision within normal ranges. Must devote substantially more than 50 percent of working hours outside of any Company office,


Sponsored
4/24/2025 12:00:00 AM
OceanFirst Bank
Toms River , NJ

At OceanFirst Bank, each one of our employees plays an important role in delivering value to our customers and executing daily tasks in accordance with our core values. We recognize that our employees are essential to our success, making OceanFirst a great place to work and do business. Great benefits include: on-site fitness facility at Red Bank and Toms River headquarter offices, hybrid schedule after initial onboarding has been completed, employee perks & discount programs, tuition assistance, incentive compensation program, professional development opportunities, and more! Apply today to #BecomeOceanFirst and make an impact in the local community! Position Summary Directly solicits first mortgage loan business through industry sources, such as, Realtors, attorneys, builders and financial planners. Generates residential mortgage loans while maintaining relationships and acting as a liaison between referral sources, borrowers, the Bank and the community. This is a full-time commissio


Sponsored
4/24/2025 12:00:00 AM

Check more jobs information at Citi Wide Merchant Funding Inc

Job Title Average Citi Wide Merchant Funding Inc Salary Hourly Rate
2 Funding Specialist $69,825 $34

Hourly Pay at Citi Wide Merchant Funding Inc

The average hourly pay at Citi Wide Merchant Funding Inc for a Loan Officer is $28 per hour. The location, department, and job description all have an impact on the typical compensation for Citi Wide Merchant Funding Inc positions. The pay range and total remuneration for the job title are shown in the table below. Citi Wide Merchant Funding Inc may pay a varying wage for a given position based on experience, talents, and education.
How accurate does $57,506 look to you?

FAQ about Salary and Jobs at Citi Wide Merchant Funding Inc

1. How much does Citi Wide Merchant Funding Inc pay per hour?
The average hourly pay is $28. The salary for each employee depends on several factors, including the level of experience, work performance, certifications and skills.
2. What is the highest salary at Citi Wide Merchant Funding Inc?
According to the data, the highest approximate salary is about $66,368 per year. Salaries are usually determined by comparing other employees’ salaries in similar positions in the same region and industry.
3. What is the lowest pay at Citi Wide Merchant Funding Inc?
According to the data, the lowest estimated salary is about $50,104 per year. Pay levels are mainly influenced by market forces, supply and demand, and social structures.
4. What steps can an employee take to increase their salary?
There are various ways to increase the wage. Level of education: An employee may receive a higher salary and get a promotion if they obtain advanced degrees. Experience in management: an employee with supervisory experience can increase the likelihood to earn more.