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Loan Originator Salary

The average salary for a Loan Originator is $42,251 per year. People in this job generally don't have more than 20 years' experience.

$20,583 - $93,021
(Median)
$21K
$42K
$93K
MEDIAN: $42,250
10%
50%
90%

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$9.07 - $19.87
(Median)
$9
$16
$20
MEDIAN: $15.00
10%
50%
90%

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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
$20,583 - $93,021  
   
Bonus
$0.00 - $29,799  
Commission
$1,163 - $118,359  
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).
)
$24,090 - $119,343  
Country: United States | Currency: USD | Updated: 31 Mar 2015 | Individuals Reporting: 121
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
$9.07 - $19.87  
   
Overtime
$4.14 - $30.84  
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 - $29,799  
   
Commission
$1,163 - $118,359  
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).
)
$24,090 - $119,343  
Country: United States | Currency: USD | Updated: 31 Mar 2015 | Individuals Reporting: 27

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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.

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Pay by Experience Level for Loan Originator

Median of all compensation (including tips, bonus, and overtime) by years of experience.

Related Job Salaries

United States (change)

Experience Affects Loan Originator Salaries

Late-Career
up arrow 28%

Experienced
up arrow 23%

Mid-Career
up arrow 13%

National Average
$47,000

Entry-Level
up arrow 13%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 20 votes.

Gender

Female
61 %
Male
39 %

Years of Experience

Less than 1 year
11%
1-4 years
46%
5-9 years
15%
10-19 years
21%
20 years or more
7%

Common Health Benefits

medical benefits Medical: 79% dental benefits Dental: 64%
vision benefits Vision: 52% employee benefits None: 18%