Mortgage Loan Officer with Residential Loans Skills Salary

A large fraction of take-home pay for Mortgage Loan Officers with Residential Loans skills comes from commissions — just under three-fifths on average, in fact. The median overall income in this field is approximately $49K. Job satisfaction for Mortgage Loan Officers with Residential Loans skills is high. Men are slightly outnumbered by their female counterparts who answered the questionnaire, who make up a slight majority at 53 percent. A large number report receiving medical coverage from their employers and a fair number collect dental insurance. The figures in this rundown are based on the results of PayScale's salary questionnaire.
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$29,415 - $80,139
$29K
$45K
$80K
MEDIAN: $44,969
10%
50%
90%

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$12.27 - $24.75
$12
$17
$25
MEDIAN: $17.50
10%
50%
90%

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$0$195K
Salary $29,415 - $80,139
Bonus $784 - $42,894
Profit Sharing $5,000
Commission $5,106 - $195,743
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).
)
$30,293 - $100,981
  • Country: United States
  • Currency: USD
  • Updated: 11 Jul 2017
  • Individuals Reporting: 120
Hourly Data $0$49
Hourly Rate $12.27 - $24.75
Overtime $19.89 - $49.46
Annual Data $0$195K
Bonus $784 - $42,894
Commission $5,106 - $195,743
Profit Sharing $5,000
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).
)
$30,293 - $100,981
  • Country: United States
  • Currency: USD
  • Updated: 11 Jul 2017
  • Individuals Reporting: 46

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Mortgage Loan Officer Job Listings

Pay by Experience Level for Mortgage Loan Officer

Pay by Experience for a Mortgage Loan Officer has a positive trend. An entry-level Mortgage Loan Officer with less than 5 years of experience can expect to earn an average total compensation of $44,000 based on 82 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Mortgage Loan Officer with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $50,000 based on 46 salaries. An experienced Mortgage Loan Officer which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $54,000 based on 49 salaries. A Mortgage Loan Officer with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $52,000 based on 27 salaries.

Key Stats for Mortgage Loan Officer

Gender

Female
53 %
Male
47 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 35 votes.
Less than 1 year
1%
1-4 years
42%
5-9 years
19%
10-19 years
23%
20 years or more
15%
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Location:
Years in Fields/Career:
United States (change)

Experience Affects Mortgage Loan Officer Salaries

Experienced
▲10%

Late-Career
▲6%

Mid-Career
▲1%

National Average
$49,000

Entry-Level
▼11%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 35 votes.

Gender

Female
53 %
Male
47 %

Years of Experience

Less than 1 year
1%
1-4 years
42%
5-9 years
19%
10-19 years
23%
20 years or more
15%

Common Health Benefits

medical benefits
Medical: 87%
dental benefits
Dental: 77%
vision benefits
Vision: 55%
no benefits
None: 11%
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