Mortgage Loan Officer with Residential Loans Skills Salary

Total annual pay for Mortgage Loan Officers with Residential Loans skills is approximately $49K, and commissions account for a significant portion of this final number — over one-half on average. The majority of workers are highly satisfied with their job. Women make up a slight majority of Mortgage Loan Officers with Residential Loans skills (53 percent) survey respondents. A large number enjoy medical while a fair number get dental coverage. Vision coverage is also available to over one-half. This report is based on responses to the PayScale salary survey.
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$28,985 - $80,566
$29K
$43K
$81K
MEDIAN: $42,738
10%
50%
90%

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$12.10 - $23.93
$12
$17
$24
MEDIAN: $17.47
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$60K$120K$180K
Salary
$28,985 - $80,566  
   
Bonus
$740 - $42,574  
Profit Sharing
$7,000  
Commission
$5,017 - $154,563  
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).
)
$30,681 - $98,974  
Country: United States | Currency: USD | Updated: 25 Mar 2017 | Individuals Reporting: 118
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$33$66$99
Hourly Rate
$12.10 - $23.93  
   
Overtime
$19.82 - $97.50  
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$70K$140K$210K
Bonus
$740 - $42,574  
   
Commission
$5,017 - $154,563  
Profit Sharing
$7,000  
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).
)
$30,681 - $98,974  
Country: United States | Currency: USD | Updated: 25 Mar 2017 | Individuals Reporting: 45

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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 25 votes.
Less than 1 year
1%
1-4 years
39%
5-9 years
20%
10-19 years
23%
20 years or more
17%
Location:
Years in Fields/Career:
United States (change)

Experience Affects Mortgage Loan Officer Salaries

Experienced
▲10%

Late-Career
▲7%

Mid-Career
▲2%

National Average
$49,000

Entry-Level
▼10%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 25 votes.

Gender

Female
53 %
Male
47 %

Years of Experience

Less than 1 year
1%
1-4 years
39%
5-9 years
20%
10-19 years
23%
20 years or more
17%

Common Health Benefits

medical benefits
Medical: 86%
dental benefits
Dental: 77%
vision benefits
Vision: 55%
no benefits
None: 12%