Median of all compensation (including tips, bonus, and overtime) by years of experience.
For Mortgage Originators, level of experience is overall a somewhat less important part of the salary calculation—more experience does not yield dramatically higher pay—and pay raises are largely incremental. Beginning workers can expect to earn $40K starting out, which grows to $51K after five to 10 years. Pay amounts to $55K after 10 to 20 years. Salary increase slows as Mortgage Originators pass 20 years in their field, with average salaries hovering around $57K. Experienced employees who have 10-20 years of experience make up 18 percent of the workforce; inexperienced individuals who have been working for less than one year comprise less than five, and senior people with more than 20 years under their belt fill out the remaining 11 percent. More than half of the workforce has between one and nine years of experience.