The average salary for a Mortgage Originator is $39,690 per year. Most people move on to other jobs if they have more than 20 years' experience in this career.
Mortgage Originator Total Pay (?
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.
)
$24,078 - $73,419
(Median)
24K
30K
40K
55K
73K
MEDIAN: $39,689
10%
25%
50%
75%
90%
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Mortgage Originator Total Pay (?
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.
)
$9.91 - $23.90
(Median)
9
12
15
19
24
MEDIAN: $14.00
10%
25%
50%
75%
90%
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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
$24,078 - $73,419  
   
Bonus
$0.00 - $20,134  
Profit Sharing
$43.70 - $10,067  
Commission
$4,943 - $110,000  
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).
)
$28,888 - $116,032  
PayScale
Country: United States | Currency: USD | Updated: 20 Apr 2014 | Individuals Reporting: 340
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
$9.91 - $23.90  
   
Overtime
$12.60 - $32.55  
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 - $20,134  
   
Commission
$4,943 - $110,000  
Profit Sharing
$43.70 - $10,067  
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).
)
$28,888 - $116,032  
PayScale
Country: United States | Currency: USD | Updated: 20 Apr 2014 | Individuals Reporting: 340
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Mortgage Originator Job Listings

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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.
Read more about: Loan Officers
Pay by Experience Level for Mortgage Originator
Median of all compensation (including tips, bonus, and overtime) by years of experience.
Related Job Salaries

Experience Affects Mortgage Originator Salaries

Late-Career
up arrow 54%
Experienced
up arrow 18%
Mid-Career
up arrow 13%
National Average
$49,000
Entry-Level
up arrow 17%

Skills That Affect Mortgage Originator Salaries

National Average
$49,000
Sales
up arrow 20%
Customer Service
up arrow 28%
Job Satisfaction
Highly satisfied Image
Highly satisfied
Rated 4 out of 5 based on 69 votes.
Gender
Female
55%
female alumni
 
Male
45%
male alumni
Years of Experience
Less than 1 year
5%
1-4 years
39%
5-9 years
24%
10-19 years
21%
20 years or more
11%
Common Health Benefits
medical benefits Medical: 82% dental benefits Dental: 66%
vision benefits Vision: 48% employee benefits None: 17%
Find Out Exactly What You Should Be Paid
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