A substantial slice of final earnings for Mortgage Loan Officers with Residential Loans skills (just under a half) arrives through commissions. Median overall income in this area is approximately $48K. Most report receiving medical coverage from their employers and a strong majority collect dental insurance. Job satisfaction for Mortgage Loan Officers with Residential Loans skills is high. Women make up a slight majority of Mortgage Loan Officers with Residential Loans skills (58 percent) survey respondents. This report is based on answers to PayScale's salary questionnaire.
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$29,138 - $80,821
$29K
$42K
$81K
MEDIAN: $42,089
10%
50%
90%

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$11.92 - $24.44
$12
$17
$24
MEDIAN: $17.32
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
$29,138 - $80,821  
   
Bonus
$745 - $42,282  
Profit Sharing
$7,000  
Commission
$4,000 - $141,000  
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).
)
$30,146 - $96,327  
Country: United States | Currency: USD | Updated: 18 Jan 2017 | Individuals Reporting: 126
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
$11.92 - $24.44  
   
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
$745 - $42,282  
   
Commission
$4,000 - $141,000  
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).
)
$30,146 - $96,327  
Country: United States | Currency: USD | Updated: 18 Jan 2017 | Individuals Reporting: 47

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Pay by Experience Level for Mortgage Loan Officer

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


Survey participants with less than five years' experience pocket $43K on average, but those with five to 10 years of experience enjoy a much bigger median of $50K. People with 10 to 20 years of experience make an average of about $52K in this role. Individuals who report more than two decades of experience seem to make about the same as folks in the 10-to-20 year range.

Key Stats for Mortgage Loan Officer

Gender

Female
58 %
Male
42 %

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 26 votes.
036
Less than 1 year
1%
1-4 years
37%
5-9 years
18%
10-19 years
25%
20 years or more
18%
Location:
Years in Fields/Career:
United States (change)

Experience Affects Mortgage Loan Officer Salaries

Experienced
up arrow 8%

Late-Career
up arrow 8%

Mid-Career
up arrow 4%

National Average
$48,000

Entry-Level
up arrow 11%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 26 votes.

Gender

Female
58 %
Male
42 %

Years of Experience

Less than 1 year
1%
1-4 years
37%
5-9 years
18%
10-19 years
25%
20 years or more
18%

Common Health Benefits

medical benefits
Medical: 86%
dental benefits
Dental: 74%
vision benefits
Vision: 54%
dental benefits
None: 11%
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