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.

$28,992 - $75,923
$29K
$42K
$76K
MEDIAN: $41,636
10%
50%
90%

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$12.00 - $20.99
$12
$17
$21
MEDIAN: $16.79
10%
50%
90%

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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
$28,992 - $75,923  
   
Bonus
$400.00 - $21,300  
Profit Sharing
$0.00 - $24,658  
Commission
$4,966 - $100,222  
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).
)
$29,621 - $83,382  
Country: United States | Currency: USD | Updated: 5 May 2017 | Individuals Reporting: 169
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
$12.00 - $20.99  
   
Overtime
$17.19 - $44.70  
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
$400.00 - $21,300  
   
Commission
$4,966 - $100,222  
Profit Sharing
$0.00 - $24,658  
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).
)
$29,621 - $83,382  
Country: United States | Currency: USD | Updated: 5 May 2017 | Individuals Reporting: 68

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Mortgage Loan Officer Advice

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

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
45 %
Male
55 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 37 votes.
Less than 1 year
14%
1-4 years
70%
5-9 years
16%
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Location:
Years in Fields/Career:
United States (change)

Skills That Affect Mortgage Loan Officer Salaries

Sales
▲13%

Residential Loans
▲2%

Financial Analysis
▲1%

National Average
$43,000

Mortgage Loans
▼2%

Loan Processing
▼4%

Loan Underwriting
▼5%

Consumer Loans
▼6%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 37 votes.

Gender

Female
45 %
Male
55 %

Common Health Benefits

medical benefits
Medical: 82%
dental benefits
Dental: 72%
vision benefits
Vision: 58%
no benefits
None: 14%
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