The average salary for a Loan Originator with Sales skills is $40,976.
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$35k - $69k
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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
Skills in Loan Underwriting and Field Sales are correlated to pay that is above average. Skills that pay less than market rate include Data Analysis and Customer Service.
Years of Experience
This data is based on 5 survey responses.