Loan Originator Salary

A Loan Originator earns an average salary of $44,212 per year. Pay for this job rises steadily for more experienced workers, but goes down noticeably for the few employees with more than 20 years' experience. Most people move on to other jobs if they have more than 20 years' experience in this field.

$23,929 - $95,820
(Median)
$24K
$44K
$96K
MEDIAN: $44,211
10%
50%
90%

Add this chart to your site: 640px    300px

$11.47 - $19.97
(Median)
$11
$15
$20
MEDIAN: $15.00
10%
50%
90%

Add this chart to your site: 640px    300px

National Salary Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$50K$100K$150K
Salary
$23,929 - $95,820  
   
Bonus
$0.00 - $30,201  
Profit Sharing
$5,500  
Commission
$-0.49 - $121,641  
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).
)
$25,556 - $118,803  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 123
National Hourly Rate Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$25$50$75
Hourly Rate
$11.47 - $19.97  
   
Overtime
$4.07 - $30.97  
National Annualized Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$50K$100K$150K
Bonus
$0.00 - $30,201  
   
Commission
$-0.49 - $121,641  
Profit Sharing
$5,500  
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).
)
$25,556 - $118,803  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 29
United States (change)

Find Out Exactly What You Should Be Paid

United States (change)


Comp Managers: Start Here »

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.

Loan Officer Job Listings

Search for more jobs:

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)

Find Out Exactly What You Should Be Paid

United States (change)


Comp Managers: Start Here »

Experience Affects Loan Originator Salaries

Experienced
up arrow 30%

Mid-Career
up arrow 20%

Late-Career
up arrow 19%

National Average
$48,000

Entry-Level
up arrow 11%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 14 votes.

Gender

Female
63 %
Male
37 %

Years of Experience

Less than 1 year
11%
1-4 years
43%
5-9 years
18%
10-19 years
20%
20 years or more
8%

Common Health Benefits

medical benefits
Medical: 79%
dental benefits
Dental: 63%
medical benefits
Vision: 51%
dental benefits
None: 18%
ADVERTISEMENT