Entry-Level Mortgage Loan Officer Salary

An Entry-Level Mortgage Loan Officer earns an average salary of $41,317 per year. A skill in Sales is associated with high pay for this job.

$28,824 - $73,448
$29K
$43K
$73K
MEDIAN: $42,799
10%
50%
90%

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$11.91 - $20.90
$12
$17
$21
MEDIAN: $16.72
10%
50%
90%

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$0$100K
Salary $28,824 - $73,448
Bonus $493.16 - $23,938
Profit Sharing $0.00 - $24,468
Commission $3,650 - $100,000
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).
)
$29,116 - $83,257
  • Country: United States
  • Currency: USD
  • Updated: 25 Jul 2017
  • Individuals Reporting: 162
Hourly Data $0$44
Hourly Rate $11.91 - $20.90
Overtime $19.33 - $44.70
Annual Data $0$100K
Bonus $493.16 - $23,938
Commission $3,650 - $100,000
Profit Sharing $0.00 - $24,468
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).
)
$29,116 - $83,257
  • Country: United States
  • Currency: USD
  • Updated: 25 Jul 2017
  • Individuals Reporting: 68

Find Out Exactly What You Should Be Paid

United States (change)

Mortgage Loan Officer Job Listings

Mortgage Loan Officer Advice

Q: What do you wish you knew about your job when you first started out?

Mortgage Loan Officer in Miami:
"Very stressfull."
Be prepared and be you, honest and helpful to others, very important.

Mortgage Loan Officer in Cleveland:
"Stressful and rewarding."
Very complex thinking, extremely rewarding at completion. Hang in there. You learn the nuances over time.

Key Stats for Mortgage Loan Officer

Gender

Female
41 %
Male
59 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 38 votes.
Less than 1 year
14%
1-4 years
71%
5-9 years
14%
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Location:
Years in Fields/Career:
United States (change)

Skills That Affect Mortgage Loan Officer Salaries

Sales
▲11%

Residential Loans
▼0%

National Average
$44,000

Financial Analysis
▼1%

Mortgage Loans
▼4%

Loan Processing
▼5%

Loan Underwriting
▼7%

Consumer Loans
▼8%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 38 votes.

Gender

Female
41 %
Male
59 %

Common Health Benefits

medical benefits
Medical: 81%
dental benefits
Dental: 73%
vision benefits
Vision: 57%
no benefits
None: 14%
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