Entry-Level Mortgage Loan Officer Salary

An Entry-Level Mortgage Loan Officer earns an average salary of $41,317 per year. A skill in Sales is associated with high pay for this job.

$29,087 - $72,767
$29K
$43K
$73K
MEDIAN: $43,225
10%
50%
90%

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$12.19 - $21.94
$12
$17
$22
MEDIAN: $16.88
10%
50%
90%

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$0$93K
Salary $29,087 - $72,767
Bonus $795 - $23,270
Profit Sharing $0.00 - $24,468
Commission $5,139 - $93,768
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).
)
$29,336 - $80,491
  • Country: United States
  • Currency: USD
  • Updated: 16 Nov 2017
  • Individuals Reporting: 166
Hourly Data $0$44
Hourly Rate $12.19 - $21.94
Overtime $19.35 - $44.70
Annual Data $0$93K
Bonus $795 - $23,270
Commission $5,139 - $93,768
Profit Sharing $0.00 - $24,468
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).
)
$29,336 - $80,491
  • Country: United States
  • Currency: USD
  • Updated: 16 Nov 2017
  • Individuals Reporting: 76

Mortgage Loan Officer Job Listings

Mortgage Loan Officer Advice

Q: What do you wish you knew about your job when you first started out?

Mortgage Loan Officer in Miami:
"Very stressfull."
Be prepared and be you, honest and helpful to others, very important.

Mortgage Loan Officer in Cleveland:
"Stressful and rewarding."
Very complex thinking, extremely rewarding at completion. Hang in there. You learn the nuances over time.

Key Stats for Mortgage Loan Officer

Gender

Female
38 %
Male
62 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 36 votes.
Less than 1 year
12%
1-4 years
74%
5-9 years
14%

Skills That Affect Mortgage Loan Officer Salaries

Sales
▲10%

National Average
$44,000

Residential Loans
▼1%

Financial Analysis
▼2%

Mortgage Loans
▼5%

Loan Processing
▼6%

Loan Underwriting
▼7%

Consumer Loans
▼9%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 36 votes.

Gender

Female
38 %
Male
62 %

Common Health Benefits

medical benefits
Medical: 83%
dental benefits
Dental: 76%
vision benefits
Vision: 62%
no benefits
None: 12%