Browse Categories

Mortgage Originator Salary

Commissions form a big slice (just below three-fifths) of total compensation for Mortgage Originators. The median income in this area hovers around $47K. Final cash compensation to Mortgage Originators varies from around $29K to approximately $97K; choice pay grades include potential for bonuses and profit sharing as high as $20K and $10K, respectively. Job satisfaction is reported as high by the vast majority of workers. A large number report receiving medical coverage from their employers and the larger part collect dental insurance. Men are slightly outnumbered by their female counterparts who answered the questionnaire, who make up a slight majority at 57 percent. This report is based on answers to PayScale's salary questionnaire.
$24,412 - $68,292
(Median)
24K
31K
40K
52K
68K
MEDIAN: $40,196
10%
25%
50%
75%
90%

Add this chart to your site: 640px    300px

$10.10 - $24.27
(Median)
10
12
15
19
24
MEDIAN: $15.00
10%
25%
50%
75%
90%

Add this chart to your site: 640px    300px

National Salary Data

 (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$50K$100K$150K
Salary
$24,412 - $68,292  
   
Bonus
$0.00 - $19,755  
Profit Sharing
$0.00 - $9,863  
Commission
$3,915 - $101,813  
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).
)
$29,280 - $96,651  
Country: United States | Currency: USD | Updated: 11 Dec 2014 | Individuals Reporting: 223
National Hourly Rate Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$25$50$75
Hourly Rate
$10.10 - $24.27  
   
Overtime
$14.68 - $31.22  
National Annualized Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$50K$100K$150K
Bonus
$0.00 - $19,755  
   
Commission
$3,915 - $101,813  
Profit Sharing
$0.00 - $9,863  
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).
)
$29,280 - $96,651  
Country: United States | Currency: USD | Updated: 11 Dec 2014 | Individuals Reporting: 47
United States (change)

Job Description for Mortgage Originator

  • Develop referral base of other banks, agents, attorneys, CPAS, appraisers, realtors, and builders.
  • Ensure a continual volume of loan clients, applications, and closings for purchase or refinance.
  • Assist potential borrowers in loan application process and complete documentation for loan products.
  • Identify financial needs, make proposals, and close business of borrowers.
  • Assign approved applications to a processor for the closing process.

Common Career Paths for Mortgage Originator


Add this chart to your site:   640px 640px    300px 300px


Mortgage Originators who transition into roles like Mortgage Loan Underwriters — a position that pays $54K on average — are not commonly found. Mortgage Originators moving up in their careers tend to step into positions as Banking Branch Managers or Mortgage Loan Officers. The median paychecks in those roles are $4K higher and $2K higher, respectively.

Mortgage Originator Job Listings

Search for more jobs:


Job skills reported by Mortgage Originators are limited. Mortgage Loans and Sales are considered valuable skills and can increase employee pay. Sales and Mortgage Loans, on the other hand, are typically associated with much lower pay. Employees educated in Mortgage Loans are typically practiced in Sales, too.

Pay by Experience Level for Mortgage Originator

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


Experience and pay tend to be weakly linked for Mortgage Originators — those with more experience do not necessarily bring in higher earnings. Survey participants with less than five years' experience pocket $41K on average, but those with five to 10 years of experience enjoy a much bigger median of $52K. For Mortgage Originators, 10 to 20 years of experience on the job amounts to an average salary of $55K. Mortgage Originators who have acquired more than two decades of experience generally do see greater compensation; their average income is approximately $59K.

Related Job Salaries

Experience Affects Mortgage Originator Salaries

Late-Career
up arrow 25%

Experienced
up arrow 17%

Mid-Career
up arrow 10%

National Average
$47,000

Entry-Level
up arrow 14%

Skills That Affect Mortgage Originator Salaries

National Average
$47,000


Sales
up arrow 21%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 50 votes.

Gender

Female
57 %
Male
43 %

Years of Experience

Less than 1 year
4%
1-4 years
42%
5-9 years
23%
10-19 years
19%
20 years or more
12%

Common Health Benefits

medical benefits Medical: 82% dental benefits Dental: 66%
vision benefits Vision: 49% employee benefits None: 16%