Median of all compensation (including tips, bonus, and overtime) by years of experience.
Mortgage Originators with less experience do not necessarily bring home smaller paychecks. In fact, experience in this field tends to have little impact on salary. New salaries start at $40K and reach $51K in five to 10 years. Those with one to two decades of experience under their belt tend to see salaries around $55K. Salaries grow more slowly as Mortgage Originators approach the 20-year mark, when the pay stabilizes at $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 percent, and senior people with more than 20 years under their belt fill out the remaining 11 percent. In this field, workers tend to have anywhere from one to nine years of experience—of those surveyed, more than half land within this range.