AU$58,036
Avg. Salary

Average additional compensation for this job:

Bonus

AU$6,500

Profit Sharing

AU$300

A Mortgage Loan Officer earns an average salary of AU$60,460 per year. For the first five to ten years in this position, pay increases modestly, but any additional experience does not have a big effect on pay. People in this job generally don't have more than 20 years' experience.

AU$40,547 - AU$79,733
AU$41K
AU$58K
AU$80K
MEDIAN: AU$58,036
10%
50%
90%
AU$24.89 - AU$30.46
AU$26
MEDIAN: AU$25.78
50%
AU$0AU$84K
Salary AU$40,547 - AU$79,733
Bonus AU$0.00 - AU$15,000
Profit Sharing AU$300
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).
)
AU$42,000 - AU$84,305
  • Country: Australia
  • Currency: AUD
  • Updated: 14 Jul 2018
  • Individuals Reporting: 35
Hourly Data AU$0AU$56
Hourly Rate AU$25.78
Overtime AU$56.00
Annual Data AU$0AU$84K
Bonus AU$0.00 - AU$15,000
Profit Sharing AU$300
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).
)
AU$42,000 - AU$84,305
  • Country: United States
  • Currency: AUD
  • Updated: 14 Jul 2018
  • Individuals Reporting: 8

Job Description for Mortgage Loan Officer

The main objective of the mortgage loan officer is to increase the bank's customer base by finding and securing new customers seeking a mortgage. The mortgage loan officer is responsible for developing business relationships, soliciting mortgage customers, and handling customer screenings and loan pre-approvals. They also must work to increase their organization's mortgage customer base, and the officer may oversee a small staff. Most of the time, mortgage loan officers work in the banking industry and handle mortgage loan processes for these organizations; occasionally, a mortgage loan officer may work directly for a real estate firm. The mortgage loan officer is responsible for integrating mortgage loan information and statistics into the bank's strategic planning reviews, identifying improvements that can be made to the mortgage loan system and meeting organizational customer service expectations.

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Mortgage Loan Officer Tasks

  • Obtain and compile financial information to evaluate loan applications and their risk.
  • Generate new clients and referrals through strong relationship building.
  • Track and maintain credit and loan data.
  • Work directly with clients to review agreements, explain programs, and negotiate loans and terms.

Mortgage Loan Officer Pay By Employer

$0$70K

$38,000

$48,000

Mortgage Loan Officer Job Listings

Pay Difference by Location

National Average: AU$58,643

Larger city markers indicate a job is popular in that location.

Key Stats for Mortgage Loan Officer

Gender

Female
40 %
Male
60 %

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 3 votes.
Less than 1 year
2%
1-4 years
47%
5-9 years
19%
10-19 years
19%
20 years or more
14%

Experience Affects Mortgage Loan Officer Salaries

▲6%

▲4%

National Average
AU$59,000

▼9%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 3 votes.

Gender

Female
40 %
Male
60 %

Years of Experience

Less than 1 year
2%
1-4 years
47%
5-9 years
19%
10-19 years
19%
20 years or more
14%

Common Health Benefits

medical benefits
Medical: 10%
dental benefits
Dental:
vision benefits
Vision:
no benefits
None: 90%