The average salary for a Loan Originator is $41,328 per year. A skill in Sales is associated with high pay for this job. For the first five to ten years in this position, pay increases steeply, but any additional experience does not have a big effect on pay. Most people move on to other jobs if they have more than 20 years' experience in this field.
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.
)
$20,258 - $99,499
(Median)
20K
41K
64K
99K
MEDIAN: $41,328
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
13
15
18
MEDIAN: $15.00
10%
25%
50%
75%
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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
$20,258 - $99,499  
   
Bonus
$0.00 - $30,410  
Commission
$0.00 - $97,871  
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).
)
$22,890 - $119,844  
PayScale
Country: United States | Currency: USD | Updated: 20 Apr 2014 | Individuals Reporting: 138
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
$11.45 - $30.49  
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 - $30,410  
   
Commission
$0.00 - $97,871  
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).
)
$22,890 - $119,844  
PayScale
Country: United States | Currency: USD | Updated: 20 Apr 2014 | Individuals Reporting: 138
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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.
Read more about: Loan Officers
Related Job Salaries

Experience Affects Loan Originator Salaries

Experienced
up arrow 34%
Mid-Career
up arrow 32%
National Average
$46,000
Entry-Level
up arrow 14%

Skills That Affect Loan Originator Salaries

Sales
up arrow 26%
Mortgage Loans
up arrow 2%
National Average
$46,000
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
13%
1-4 years
43%
5-9 years
14%
10-19 years
21%
20 years or more
9%
Common Health Benefits
medical benefits Medical: 78% dental benefits Dental: 68%
vision benefits Vision: 53% employee benefits None: 19%
Find Out Exactly What You Should Be Paid
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