Mortgage Originator Salary (United States)

The average Mortgage Originator in the United States earns approximately $46,811 per year. Compensation generally starts at $29,069 and does not exceed $97,542 per year. With some bonuses running north of $19,668, profit sharing proceeds occasionally surpassing $9,863, and select commissions of $102K, total income for Mortgage Originators can range between from $24,231 to $66,196 according to individual performance. Most people in this field enjoy health coverage; most receive medical and dental insurance and about half get vision insurance. Women make up a slight majority of Mortgage Originators (58 percent). Job satisfaction for Mortgage Originators is high. The information for this snapshot was generated by responses to 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 it's uncommon, some Mortgage Originators move into roles as Mortgage Loan Underwriters, bringing in an extra $6,831 per year. When Mortgage Originators are ready for the next step in their career, they often become Bank Branch Managers or Mortgage Loan Officers, where they can expect an additional $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.
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.

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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