The average hourly pay for a Loan Originator with Loan Underwriting skills is $16.50.
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$1,100 - $52,500
$43,200 - $159,308
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Job Description for Loan Originator
Loan originators work primarily for financial institutions, such as mortgage lending companies, banks, and credit unions to process loan applications up to the actual fund disbursement. They may also decline applications and solicit, negotiate, and coordinate consumers’ loans (car loans, personal loans, residential loans) and/or commercial or business loans. Prior to closing the loan, they must review and verify loan documents such as income statements, credit reports, appraisal reports, and ti…Read more
Loan Originator 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.
Loan Originator Job Listings
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Popular Skills for Loan Originator
Avg. Hourly Rate
Skills that pay less than market rate include Sales and Customer Service.
Years of Experience
This data is based on 5 survey responses.
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