Commissions constitute a big slice (just over two-fifths on average) of overall compensation for Mortgage Loan Officers with Residential Loans skills, and the median take-home for this group lies near $48K. Most enjoy medical while a strong majority get dental coverage. Vision coverage is also available to a little more than half. Women Mortgage Loan Officers with Residential Loans skills who took the survey just slightly outnumber men. Job satisfaction is high and work is enjoyable for most Mortgage Loan Officers with Residential Loans skills. This report is based on answers to PayScale's salary questionnaire.
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$29,032 - $81,751
(Median)
$29K
$42K
$82K
MEDIAN: $42,365
10%
50%
90%

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$11.80 - $24.38
(Median)
$12
$17
$24
MEDIAN: $17.00
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
$29,032 - $81,751  
   
Bonus
$375.00 - $33,000  
Profit Sharing
$3,052  
Commission
$2,936 - $134,810  
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).
)
$30,011 - $94,706  
Country: United States | Currency: USD | Updated: 28 Oct 2016 | Individuals Reporting: 137
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
$11.80 - $24.38  
   
Overtime
$19.89 - $46.76  
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
$375.00 - $33,000  
   
Commission
$2,936 - $134,810  
Profit Sharing
$3,052  
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).
)
$30,011 - $94,706  
Country: United States | Currency: USD | Updated: 28 Oct 2016 | Individuals Reporting: 48

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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.


The average beginner in this position makes around $42K, but folks who have been around for five to 10 years see a markedly higher median salary of $50K. On average, Mortgage Loan Officers with Residential Loans skills make $52K following one to two decades on the job. Mortgage Loan Officers with Residential Loans skills who surpass 20 years on the job report pay that isn't higher than those with 10 to 20 years.

Location:
Years in Fields/Career:
United States (change)

Experience Affects Mortgage Loan Officer Salaries

Experienced
up arrow 9%

Late-Career
up arrow 8%

Mid-Career
up arrow 5%

National Average
$48,000

Entry-Level
up arrow 12%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 28 votes.

Gender

Female
58 %
Male
42 %

Years of Experience

Less than 1 year
3%
1-4 years
35%
5-9 years
21%
10-19 years
25%
20 years or more
17%

Common Health Benefits

medical benefits
Medical: 86%
dental benefits
Dental: 73%
medical benefits
Vision: 55%
dental benefits
None: 11%
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