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Loan Originator Salary (United States)

The average salary for a Loan Originator is $40,404 per year. People in this job generally don't have more than 20 years' experience.
Loan Originator Salary (?
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.
)
$20,307 - $98,754
(Median)
20K
40K
60K
99K
MEDIAN: $40,403
10%
50%
75%
90%
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Loan Originator Salary (?
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.
)
$8.80 - $19.61
(Median)
8
12
15
18
MEDIAN: $14.00
10%
25%
50%
75%
Add this chart to your site: 640px    300px

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
$20,307 - $98,754  
   
Bonus
$0.00 - $30,767  
Commission
$2,384 - $98,633  
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).
)
$22,378 - $118,602  
Country: United States | Currency: USD | Updated: 3 Sep 2014 | Individuals Reporting: 112
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
$8.80 - $19.61  
   
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
$2,384 - $98,633  
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).
)
$22,378 - $118,602  
Country: United States | Currency: USD | Updated: 3 Sep 2014 | Individuals Reporting: 33
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Location:
Years in Field/Career:
United States (change)

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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Experience Affects Loan Originator Salaries

Experienced
up arrow 29%
Mid-Career
up arrow 22%
National Average
$45,000
Entry-Level
up arrow 12%

Job Satisfaction

Extremely satisfied Image
Extremely satisfied
Rated 5 out of 5 based on 24 votes.

Gender

Female
57%
female alumni
 
Male
43%
male alumni

Years of Experience

Less than 1 year
12%
1-4 years
46%
5-9 years
15%
10-19 years
19%
20 years or more
9%

Common Health Benefits

medical benefits Medical: 77% dental benefits Dental: 64%
vision benefits Vision: 52% employee benefits None: 20%