Loan Officer Salary at Luckmore Finance BETA

How much does a Luckmore Finance Loan Officer make?

As of April 2025, the average annual salary for a Loan Officer at Luckmore Finance is $52,545, which translates to approximately $25 per hour. Salaries for Loan Officer at Luckmore Finance typically range from $45,774 to $60,638, 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.

Luckmore Finance Overview

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

Since 1964,Weve been helping people with all credit types, achieve approval for the financing they need . We specialize in assisting individuals with excellent & good credit accomplish their financing goals with debt consolidations , auto loans and personal loans , at the most competitive rates possible. We can also get you the loans you need at reasonable rates if your credit is less than perfect and are looking to start rebuilding your credit rating or if you have no credit and are looking to establish a credit history. Luckmore Finance has built an exceptional, relationship-based connection with generations of New Orleans families. We provide a wide array of lending solutions to the Greater New Orleans market.Our business may be about lending, but our success is all about our customer. We believe in providing fair, friendly and fast service to our customers. Each and every transaction is an opportunity to build a relationship, so each loan is as important to us as it is to our customers. In 2015 the Luckmore Finance Family expanded to include our newest branch in Kenner, Louisiana. Our Veterans Boulevard location offers the same lending options with easy access just blocks from the Williams boulevard I-10 exit. Financing can be used to satisfy many different needs; unexpected emergency, eliminating debt, a business start-up, taking a vacation, student expenses, and more. Our process is quick and simple; getting the loans you need, usually in the same day! If you have questions about how Luckmore Finance can help with your unique financial situation, stop by one of our offices at 629 Baronne Street, New Orleans, LA 70113, or 2401 Veterans Blvd #15, Kenner, LA 70062. You can also just give us a call at (504)581-7346. We look forward to hearing from you! CONTACT US today! A friendly Luckmore Finance representative will be happy to help you choose the loan that is right for you.

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What Skills Does a person Need at Luckmore Finance?

At Luckmore Finance, 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.

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Check more jobs information at Luckmore Finance

Job Title Average Luckmore Finance Salary Hourly Rate
2 Clerical $34,125 $16
3 President $679,743 $327
4 Manager $90,106 $43
5 Managing Director $679,743 $327
6 Office Manager $68,113 $33

Hourly Pay at Luckmore Finance

The average hourly pay at Luckmore Finance for a Loan Officer is $25 per hour. The location, department, and job description all have an impact on the typical compensation for Luckmore Finance positions. The pay range and total remuneration for the job title are shown in the table below. Luckmore Finance may pay a varying wage for a given position based on experience, talents, and education.
How accurate does $52,545 look to you?

FAQ about Salary and Jobs at Luckmore Finance

1. How much does Luckmore Finance pay per hour?
The average hourly pay is $25. 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 Luckmore Finance?
According to the data, the highest approximate salary is about $60,638 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 Luckmore Finance?
According to the data, the lowest estimated salary is about $45,774 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.