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Mortgage Loan Officer Salary

United States » Job » Mortgage Loan Officer Overview » Mortgage Loan Officer Salary

Updated: 17 Jun 2013

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Mortgage Assistant Salary

Mortgage Loan Officer 2013 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.

)

$29,097 - $106,485

(Median)

29K

49K

69K

110K

MEDIAN: $48,610

10%

50%

75%

90%

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Mortgage Loan Officer Job Listings

Mortgage Loan Officer

Jun 06

Residential Wholesale Mortgage, Inc. - San Diego, CA

Mortgage, Inc. has opportunities available at our office in San Diego for Mortgage Loan Officers. RWMI is... experience. We officer Loan Officers: - In house... - Indeed

Apply For This Job »

Mortgage Loan Officer

May 15

Supreme Lending - Sulphur Springs, TX

East Texas area and looking for seasoned Mortgage Loan Officers and Originators that are willing to work... Mortgage Banker, with a full line of Mortgage... - Indeed

Apply For This Job »

Retail Mortgage Loan Officer

Jun 04

AdKore/MegaForce Banking & Financial Services Division - Shawnee, KS

Loan Officer, Mortgage, Mortgage Banker, Mortgage Loan Officer, Commercial Lender, Commercial Loan Officer... Loan Processor, Loan Officer Jobs, Loans, Loan, HUD... - Indeed

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Want local data for this job?

National Salary Data

	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	$24,118 - $80,386
Bonus	$0.00 - $28,926
Profit Sharing	$0.30 - $14,544
Commission	$0.00 - $99,498
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). )	$29,097 - $106,485
Country: United States \| Currency: USD \| Updated: 17 Jun 2013 \| Individuals Reporting: 492

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Mortgage Loan Officer Tasks

Assess local mortgage market to find deals for client.
Apply for loans on behalf of borrower and collect documentation to pre-approve client.
Mediate between the prospective homebuyer and the lending institution to underwrite and structure financial solutions.
Interview and document credit, income, and financial history of clients.
Deploy marketing and sales strategies to attract new clients.

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Companies and Industries for Mortgage Loan Officer Salaries

Popular Employers

Salary Range


Bank of America Corp. (BOFA)	$26,500 - $110,000
J.P. Morgan Chase & Co. (JPMCC)	$20,560 - $58,958
First National Bank	$23,500 - $40,976
Wells Fargo Home Mortgage	$32,000 - $92,998
Federal Credit Union	$38,000 - $55,357

See more employers

Popular Industries

Salary Range


Mortgage Lending, Loans, or Credit Products	$21,884 - $86,930
Banking	$21,833 - $76,814
Financial Services	$22,599 - $85,324
Credit Union	$21,508 - $54,432
Mortgage Brokerage	$19,008 - $135,424

Key Statistics for Mortgage Loan Officer Salaries and Jobs

Gender

	Female 61%			Male 39%
Salary:	$30,748 - $48,970			$32,939 - $60,558

Years of Experience

Less than 1 year

1-4 years

34%

5-9 years

22%

10-19 years

27%

20 years or more

10%

Top Degrees

Salary Range


Bachelor's Degree	$22,250 - $70,468
Associate's Degree	$29,799 - $66,283
Bachelor of Science (BS / BSc), Finance	$25,434 - $39,736
Master of Business Administration (MBA)	$38,848 - $59,916
Bachelor of Business Administration (BBA), Finance	$35,608 - $45,781

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Most Common Health Benefits

	Medical: 81%		Dental: 68%
	Vision: 48%		None: 16%

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