A Mortgage Originator earns an average salary of $44,115 per year. Pay for this job rises steadily for more experienced workers, but goes down noticeably for employees with more than 20 years' experience.
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$24,411 - $69,320
(Median)
$24K
$44K
$69K
MEDIAN: $44,115
10%
50%
90%

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$11.14 - $22.21
(Median)
$11
$16
$22
MEDIAN: $16.00
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$28K$56K$84K
Salary
$24,411 - $69,320  
   
Bonus
$342.55 - $24,292  
Profit Sharing
$2,472  
Commission
$4,530 - $73,404  
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).
)
$30,319 - $83,483  
Country: United States | Currency: USD | Updated: 28 Oct 2016 | Individuals Reporting: 144
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$14$28$42
Hourly Rate
$11.14 - $22.21  
   
Overtime
$13.59 - $37.25  
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$28K$56K$84K
Bonus
$342.55 - $24,292  
   
Commission
$4,530 - $73,404  
Profit Sharing
$2,472  
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).
)
$30,319 - $83,483  
Country: United States | Currency: USD | Updated: 28 Oct 2016 | Individuals Reporting: 39
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Job Description for Mortgage Originator

Being a mortgage originator means that you will spend the majority of your time looking for new clients who want to buy a home or commercial real estate. You may work for a bank, credit union, or mortgage company. There is a lot of flexibility in this line of work. Depending on what a person does best, they may stay in the office and look for clients by phone or online, or they may go out and market with other people in the business. As time goes on, most will find their niche and learn what works best for them.

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Mortgage Originator Tasks

  • 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


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Mortgage Originator Job Listings

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Pay by Experience Level for Mortgage Originator

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

Related Job Salaries

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Experience Affects Mortgage Originator Salaries

Experienced
up arrow 26%

Late-Career
up arrow 14%

Mid-Career
up arrow 6%

National Average
$47,000


Skills That Affect Mortgage Originator Salaries

Mortgage Loans
up arrow 1%

National Average
$47,000

Sales
up arrow 4%

Customer Service
up arrow 15%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 16 votes.

Gender

Female
59 %
Male
41 %

Years of Experience

Less than 1 year
8%
1-4 years
41%
5-9 years
16%
10-19 years
22%
20 years or more
13%

Common Health Benefits

medical benefits
Medical: 80%
dental benefits
Dental: 73%
medical benefits
Vision: 57%
dental benefits
None: 16%
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