The average salary for a Mortgage Loan Officer is C$44,043 per year.

C$30,639 - C$50,856
C$31K
C$44K
C$51K
MEDIAN: C$43,939
10%
50%
90%
C$0C$51K
Salary C$30,639 - C$50,856
Bonus C$2,035
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).
)
C$31,913 - C$51,963
  • Country: Canada
  • Currency: CAD
  • Updated: 20 Nov 2017
  • Individuals Reporting: 22

Mortgage Loan Officer Job Listings

Pay by Experience Level for Mortgage Loan Officer

Pay by Experience for a Mortgage Loan Officer has a positive trend. An entry-level Mortgage Loan Officer with less than 5 years of experience can expect to earn an average total compensation of C$44,000 based on 16 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Mortgage Loan Officer with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of C$43,000 based on 7 salaries. An experienced Mortgage Loan Officer which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of C$48,000 based on 8 salaries. A Mortgage Loan Officer with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of C$53,000 based on 9 salaries.

Mortgage Loan Officer Reviews

Q: What is it like working as a Mortgage Loan Officer?

Mortgage Loan Officer in Toronto:
"Redundant."
Pros: The people I work with and the money I am paid.
Cons: The brokers I deal with as well as tbe clients.

Mortgage Loan Officer in Toronto:
Pros: Helping people with their home ownership.
Cons: Dealing with deadlines and staff shortages.

Key Stats for Mortgage Loan Officer

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 2 votes.
1-4 years
68%
5-9 years
12%
10-19 years
12%
20 years or more
8%

Experience Affects Mortgage Loan Officer Salaries

Late-Career
▲18%

Experienced
▲6%

National Average
C$45,000

Entry-Level
▼1%

Mid-Career
▼5%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 2 votes.

Years of Experience

1-4 years
68%
5-9 years
12%
10-19 years
12%
20 years or more
8%

Common Health Benefits

medical benefits
Medical: 70%
dental benefits
Dental: 70%
vision benefits
Vision: 50%
no benefits
None: 30%