Average Early-Career Loan Originator Salary

$40,000
Avg. SalaryShow Hourly Rate
$6,286
Bonus
$23,500
Commission
$5,000
Profit Sharing
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The average salary for an Early-Career Loan Originator is $40,000.
10%
$25k
10%
$40k
50%
$81k
90%
90%
MEDIAN $40,000
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United States (change)
Salary
$25k - $81k
Bonus
$795 - $35k
Profit Sharing
$0 - $5k
Commission
$0 - $60k
Total Pay
$25k - $92k

Your Market Worth Over Time

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Job Description for Loan Originator

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.

Career Paths

Explore the most common career paths for Loan Originator. Thickness and color of lines indicates popularity of movement from one job to the next. Visit our career path planner to research other job paths.
Loan Originator
System Administrator, Computer / Network
Mortgage Loan Officer
Assistant General Manager, Hotel
More common (> 20%)
Somewhat common (8 - 20%)
Less common (< 8%)

Loan Originator Job Listings

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Popular Skills for Loan Originator

Skills that pay less than market rate include Sales, Data Analysis and Customer Service.

Pay by Experience Level for Loan Originator

An entry-level Loan Originator with less than 1 year experience can expect to earn an average total compensation (includes tips, bonus, and overtime pay) of $34,737 based on 14 salaries. A mid-career Loan Originator with 5-9 years of experience earns an average total compensation of $65,000 based on 20 salaries. An experienced Loan Originator with 10-19 years of experience earns an average total compensation of $60,000 based on 30 salaries. In their late career (20 years and higher), employees earn an average total compensation of $55,000.

Pay Difference by Location

Learn more about cost of living by city.

Years of Experience

This data is based on 76 survey responses.
Entry Level
18.4%
Mid Career
26.3%
Experienced
39.5%
Late Career
15.8%