The average salary for a Mortgage Loan Officer is $46,380 per year.
Read More
$29,409 - $89,768
$29K
$46K
$90K
MEDIAN: $46,380
10%
50%
90%

Add this chart to your site: 640px    300px

$12.12 - $23.98
$12
$18
$24
MEDIAN: $17.60
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
$29,409 - $89,768  
   
Bonus
$508 - $28,906  
Profit Sharing
$0.00 - $15,319  
Commission
$3,091 - $129,190  
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).
)
$30,510 - $99,875  
Country: United States | Currency: USD | Updated: 18 Jan 2017 | Individuals Reporting: 356
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
$12.12 - $23.98  
   
Overtime
$19.59 - $45.08  
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
$508 - $28,906  
   
Commission
$3,091 - $129,190  
Profit Sharing
$0.00 - $15,319  
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).
)
$30,510 - $99,875  
Country: United States | Currency: USD | Updated: 18 Jan 2017 | Individuals Reporting: 105

Find Out Exactly What You Should Be Paid

United States (change)

Employers: Start Here »

Job Description for Mortgage Loan Officer

The main objective of the mortgage loan officer is to increase the bank's customer base by finding and securing new customers seeking a mortgage. The mortgage loan officer is responsible for developing business relationships, soliciting mortgage customers, and handling customer screenings and loan pre-approvals. They also must work to increase their organization's mortgage customer base, and the officer may oversee a small staff. Most of the time, mortgage loan officers work in the banking industry and handle mortgage loan processes for these organizations; occasionally, a mortgage loan officer may work directly for a real estate firm. The mortgage loan officer is responsible for integrating mortgage loan information and statistics into the bank's strategic planning reviews, identifying improvements that can be made to the mortgage loan system and meeting organizational customer service expectations.

Read More...

Mortgage Loan Officer Tasks

  • Obtain and compile financial information to evaluate loan applications and their risk.
  • Generate new clients and referrals through strong relationship building.
  • Track and maintain credit and loan data.
  • Work directly with clients to review agreements, explain programs, and negotiate loans and terms.

Common Career Paths for Mortgage Loan Officer


Add this chart to your site:   640px 640px    300px 300px

Loan Officer Job Listings

Search for more jobs:

Popular Employer Salaries for Mortgage Loan Officer

Popular Skills for Mortgage Loan Officer

Pay by Experience Level for Mortgage Loan Officer

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

Pay Difference by Location

National Average: $49,300

Larger city markers indicate a job is popular in that location.

Mortgage Loan Officer Reviews

Q: What is it like working as a Mortgage Loan Officer?

Mortgage Loan Officer in McAllen:
"I Enjoy The Work."
Pros: I am able to assist and educate members what best type of mortgage fits their needs.
Cons: Management, pay and no incentives.

Related Job Salaries

Key Stats for Mortgage Loan Officer

Gender

Female
55 %
Male
45 %

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 57 votes.
034
Less than 1 year
7%
1-4 years
34%
5-9 years
16%
10-19 years
27%
20 years or more
16%
Location:
Years in Fields/Career:
United States (change)

Experience Affects Mortgage Loan Officer Salaries




National Average
$49,000


Skills That Affect Mortgage Loan Officer Salaries

Customer Service
up arrow 6%

up arrow 4%



National Average
$49,000




Consumer Loans
up arrow 18%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 57 votes.

Gender

Female
55 %
Male
45 %

Years of Experience

Less than 1 year
7%
1-4 years
34%
5-9 years
16%
10-19 years
27%
20 years or more
16%

Common Health Benefits

medical benefits
Medical: 86%
dental benefits
Dental: 75%
vision benefits
Vision: 57%
dental benefits
None: 11%
ADVERTISEMENT