Mortgage Loan Officer with Residential Loans Skills Salary

A large fraction of take-home pay for Mortgage Loan Officers with Residential Loans skills comes from commissions — about three-fifths on average, in fact. The median overall income in this field is approximately $50K. Women Mortgage Loan Officers with Residential Loans skills who took the survey just slightly outnumber men. Medical benefits are awarded to most, and a strong majority earn dental coverage. Job satisfaction is high and work is enjoyable for most Mortgage Loan Officers with Residential Loans skills. The figures in this rundown are based on the results of PayScale's salary questionnaire.
Read More
$29,510 - $83,045
$30K
$46K
$83K
MEDIAN: $46,133
10%
50%
90%

Add this chart to your site: 640px    300px

$13.85 - $30.53
$14
$18
$31
MEDIAN: $18.22
10%
50%
90%

Add this chart to your site: 640px    300px

$0$154K
Salary $29,510 - $83,045
Bonus $755 - $29,799
Profit Sharing $5,000
Commission $5,817 - $154,563
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).
)
$31,166 - $115,358
  • Country: United States
  • Currency: USD
  • Updated: 23 Sep 2017
  • Individuals Reporting: 123
Hourly Data $0$145
Hourly Rate $13.85 - $30.53
Overtime $19.99 - $145.44
Annual Data $0$154K
Bonus $755 - $29,799
Commission $5,817 - $154,563
Profit Sharing $5,000
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).
)
$31,166 - $115,358
  • Country: United States
  • Currency: USD
  • Updated: 23 Sep 2017
  • Individuals Reporting: 50

Find Out Exactly What You Should Be Paid

United States (change)

Mortgage Loan Officer Job Listings

Pay by Experience Level for Mortgage Loan Officer

Pay by Experience for a Mortgage Loan Officer has a positive trend. An entry-level Mortgage Loan Officer with less than 5 years of experience can expect to earn an average total compensation of $44,000 based on 82 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Mortgage Loan Officer with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $50,000 based on 46 salaries. An experienced Mortgage Loan Officer which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $54,000 based on 49 salaries. A Mortgage Loan Officer with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $52,000 based on 27 salaries.

Key Stats for Mortgage Loan Officer

Gender

Female
56 %
Male
44 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 41 votes.
Less than 1 year
1%
1-4 years
39%
5-9 years
18%
10-19 years
24%
20 years or more
18%
ADVERTISEMENT
Location:
Years in Fields/Career:
United States (change)

Experience Affects Mortgage Loan Officer Salaries

Experienced
▲5%

Late-Career
▲1%

National Average
$52,000

Mid-Career
▼4%

Entry-Level
▼15%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 41 votes.

Gender

Female
56 %
Male
44 %

Years of Experience

Less than 1 year
1%
1-4 years
39%
5-9 years
18%
10-19 years
24%
20 years or more
18%

Common Health Benefits

medical benefits
Medical: 89%
dental benefits
Dental: 79%
vision benefits
Vision: 58%
no benefits
None: 9%
ADVERTISEMENT