Loan Originator Salary (United States)

A Loan Originator earns an average salary of $40,126 per year. Most people move on to other jobs if they have more than 20 years' experience in this field. A skill in Sales is associated with high pay for this job.
Loan Originator Total Pay (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$20,249 - $96,331
(Median)
20K
40K
60K
96K
MEDIAN: $40,125
10%
50%
75%
90%
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Loan Originator Total Pay (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$8.76 - $19.65
(Median)
8
12
15
18
MEDIAN: $15.00
10%
25%
50%
75%
Add this chart to your site

National Salary Data

 (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$50K$100K$150K
Salary
$20,249 - $96,331  
   
Bonus
$0.00 - $30,767  
Commission
$2,400 - $98,264  
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
$23,056 - $118,050  
PayScale
Country: United States | Currency: USD | Updated: 11 Jun 2014 | Individuals Reporting: 140
National Hourly Rate Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$25$50$75
Hourly Rate
$8.76 - $19.65  
   
Overtime
$10.72 - $30.26  
National Annualized Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$50K$100K$150K
Bonus
$0.00 - $30,767  
   
Commission
$2,400 - $98,264  
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
$23,056 - $118,050  
PayScale
Country: United States | Currency: USD | Updated: 11 Jun 2014 | Individuals Reporting: 140
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Location:
United States (change)
Years in Field/Career:

Job Description for Loan Originator

  • Track and maintain credit and loan data.
  • Work directly with clients to review agreements, explain programs, and negotiate loans and terms.
  • Obtain and compile financial information to evaluate loan applications and their risk.
  • Generate new clients and referrals through strong relationship building.
Read more about: Loan Officers

Loan Originator Job Listings

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Related Job Salaries

Experience Affects Loan Originator Salaries

Experienced
up arrow 30%
Mid-Career
up arrow 21%
National Average
$45,000
Entry-Level
up arrow 12%

Skills That Affect Loan Originator Salaries

Sales
up arrow 27%
Mortgage Loans
up arrow 3%
National Average
$45,000

Job Satisfaction

Extremely satisfied Image
Extremely satisfied
Rated 5 out of 5 based on 23 votes.

Gender

Female
56%
female alumni
 
Male
44%
male alumni

Years of Experience

Less than 1 year
12%
1-4 years
46%
5-9 years
16%
10-19 years
19%
20 years or more
7%

Common Health Benefits

medical benefits Medical: 78% dental benefits Dental: 65%
vision benefits Vision: 53% employee benefits None: 20%
Find Out Exactly What You Should Be Paid
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Location:
United States (change)
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