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Mortgage Originator Salary

The average salary for a Mortgage Originator is $40,196 per year. Most people move on to other jobs if they have more than 20 years' experience in this career.
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$24,412 - $68,292
(Median)
$24K
$40K
$68K
MEDIAN: $40,196
10%
50%
90%

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$10.10 - $24.27
(Median)
$10
$15
$24
MEDIAN: $15.00
10%
50%
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
$24,412 - $68,292  
   
Bonus
$0.00 - $19,755  
Profit Sharing
$0.00 - $9,863  
Commission
$3,915 - $101,813  
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).
)
$29,280 - $96,651  
Country: United States | Currency: USD | Updated: 11 Dec 2014 | Individuals Reporting: 223
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
$10.10 - $24.27  
   
Overtime
$14.68 - $31.22  
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 - $19,755  
   
Commission
$3,915 - $101,813  
Profit Sharing
$0.00 - $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).
)
$29,280 - $96,651  
Country: United States | Currency: USD | Updated: 11 Dec 2014 | Individuals Reporting: 47
United States (change)

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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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

Experience Affects Mortgage Originator Salaries

Late-Career
up arrow 25%

Experienced
up arrow 17%

Mid-Career
up arrow 10%

National Average
$47,000

Entry-Level
up arrow 14%

Skills That Affect Mortgage Originator Salaries

National Average
$47,000


Sales
up arrow 21%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 50 votes.

Gender

Female
57 %
Male
43 %

Years of Experience

Less than 1 year
4%
1-4 years
42%
5-9 years
23%
10-19 years
19%
20 years or more
12%

Common Health Benefits

medical benefits Medical: 82% dental benefits Dental: 66%
vision benefits Vision: 49% employee benefits None: 16%