Average Mortgage Loan Officer Salary

$54,373
Avg. Base Salary (USD)
10%
$34k
MEDIAN
$54k
90%
$89k

The average salary for a Mortgage Loan Officer is $54,373 in 2024

Base Salary
$34k - $89k
Bonus
$1k - $37k
Profit Sharing
$979 - $8k
Commission
$3k - $107k
Total Pay
$38k - $108k
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How do Mortgage Loan Officers Rate Their Jobs?

4 out of 5
(41)
Highly Satisfied
15Reviews
Based on 41 responses, the job of Mortgage Loan Officer has received a job satisfaction rating of 3.97 out of 5. On average, Mortgage Loan Officers are highly satisfied with their job.

FAQs About Mortgage Loan Officers

What is the highest pay for Mortgage Loan Officers?

Our data indicates that the highest pay for a Mortgage Loan Officer is $89k / year

What is the lowest pay for Mortgage Loan Officers?

Our data indicates that the lowest pay for a Mortgage Loan Officer is $34k / year

How can Mortgage Loan Officers increase their salary?

Increasing your pay as a Mortgage Loan Officer is possible in different ways. Change of employer: Consider a career move to a new employer that is willing to pay higher for your skills. Level of Education: Gaining advanced degrees may allow this role to increase their income potential and qualify for promotions. Managing Experience: If you are a Mortgage Loan Officer that oversees more junior Mortgage Loan Officers, this experience can increase the likelihood to earn more.