$43,581
Avg. Salary
$15.05
Avg. Hourly Rate

Average additional compensation:

$7,400

Bonus

$12,500

Profit Sharing

$34,817

Commission

What am I worth?
How should I pay?

The average pay for a Loan Originator is $15.05 per hour.

The median Loan Originator has a base pay of $43,581. Salaries generally range from $25k to $126k. The median bonus is $7,400. Skills that can affect salary include Mortgage Loans.
$11.69
10%
$15.05
50%
$20.68
90%
MEDIAN $15.05
$25k
10%
$44k
50%
$126k
90%
MEDIAN $43,581
$25,192 - $125,572
$25K
$44K
$130K
MEDIAN: $43,581
10%
50%
90%

Add this chart to your site: 640px    300px

$11.69 - $20.68
$12
$15
$21
MEDIAN: $15.05
10%
50%
90%

Add this chart to your site: 640px    300px

$0$200K
Salary $25,192 - $125,572
Bonus $805 - $58,723
Profit Sharing $12,500
Commission $2,410 - $200,000
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).
)
$25,840 - $128,155
  • Country: United States
  • Currency: USD
  • Updated: 12 Feb 2019
  • Individuals Reporting: 127
Hourly Data $0$20
Hourly Rate $11.69 - $20.68
Overtime $20.25
Annual Data $0$200K
Bonus $805 - $58,723
Commission $2,410 - $200,000
Profit Sharing $12,500
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).
)
$25,840 - $128,155
  • Country: United States
  • Currency: USD
  • Updated: 12 Feb 2019
  • Individuals Reporting: 42

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.

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

Pay by Experience Level for Loan Originator

Pay by Experience for a Loan Originator has a positive trend. An entry-level Loan Originator with less than 5 years of experience can expect to earn an average total compensation of $40,000 based on 67 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Loan Originator with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $70,000 based on 24 salaries. An experienced Loan Originator which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $81,000 based on 16 salaries. A Loan Originator with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $51,000 based on 7 salaries.

Related Job Salaries

Key Stats for Loan Originator

Gender

Female
46 %
Male
54 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 25 votes.
Less than 1 year
9%
1-4 years
51%
5-9 years
15%
10-19 years
17%
20 years or more
7%

Experience Affects Loan Originator Salaries

Experienced
▲86%

Mid-Career
▲60%

Late-Career
▲16%

National Average
$44,000

Entry-Level
▼9%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 25 votes.

Gender

Female
46 %
Male
54 %

Years of Experience

Less than 1 year
9%
1-4 years
51%
5-9 years
15%
10-19 years
17%
20 years or more
7%

Common Health Benefits

medical benefits
Medical: 80%
dental benefits
Dental: 68%
vision benefits
Vision: 59%
no benefits
None: 19%