Mortgage Originator Salary (United States)

For Mortgage Originators, commissions account for a significant portion of income and add up to just under three-fifths of their $46,811 annual pay. Compensation ranges from $29,069 on the low end to $97,542 per year on the high end. Medical benefits are awarded to a strong majority, and more than half earn dental coverage. Men are barely outnumbered by their female counterparts, who make up a slight majority at 58 percent. Job satisfaction is reported as high by the vast majority of workers. The data for this synopsis comes from respondents who took the PayScale salary survey.
Mortgage Originator Salary (?
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.
)
$24,231 - $66,196
(Median)
24K
30K
40K
52K
66K
MEDIAN: $39,901
10%
25%
50%
75%
90%
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Mortgage Originator Salary (?
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.
)
$9.79 - $23.89
(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
$24,231 - $66,196  
   
Bonus
$0.00 - $19,668  
Profit Sharing
$-0.50 - $9,863  
Commission
$4,596 - $102,467  
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).
)
$29,069 - $97,542  
PayScale
Country: United States | Currency: USD | Updated: 3 Sep 2014 | Individuals Reporting: 233
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
$9.79 - $23.89  
   
Overtime
$14.62 - $31.42  
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 - $19,668  
   
Commission
$4,596 - $102,467  
Profit Sharing
$-0.50 - $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).
)
$29,069 - $97,542  
PayScale
Country: United States | Currency: USD | Updated: 3 Sep 2014 | Individuals Reporting: 52
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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.

Common Career Paths for Mortgage Originator

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Though some Mortgage Originators move into positions like Mortgage Loan Underwriter (where salaries climb an extra $6,831), this progression is not the norm. Mortgage Originators most often move into positions as Bank Branch Managers or Mortgage Loan Officers, where they can expect an extra $4,134 or $2,052 per year.

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.
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.

Related Job Salaries

Experience Affects Mortgage Originator Salaries

Late-Career
up arrow 23%
Experienced
up arrow 18%
Mid-Career
up arrow 9%
National Average
$47,000
Entry-Level
up arrow 14%

Skills That Affect Mortgage Originator Salaries

National Average
$47,000
Sales
up arrow 18%

Job Satisfaction

Highly satisfied Image
Highly satisfied
Rated 4 out of 5 based on 56 votes.

Gender

Female
58%
female alumni
 
Male
42%
male alumni

Years of Experience

Less than 1 year
5%
1-4 years
43%
5-9 years
24%
10-19 years
18%
20 years or more
11%

Common Health Benefits

medical benefits Medical: 81% dental benefits Dental: 65%
vision benefits Vision: 47% employee benefits None: 17%
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