Average Mortgage Originator Salary

$43,514
Avg. SalaryShow Hourly Rate
$5,139
Bonus
$31,187
Commission
$2,528
Profit Sharing
What am I worth?
Get pay report
How should I pay?
Price a job
The average salary for a Mortgage Originator is $43,514.
10%
$25k
10%
$44k
50%
$74k
90%
90%
MEDIAN $43,514
Is Mortgage Originator your job title? Get a personalized salary report!
How it works:
1
Enter city & years of experience
2
Add pay factors like skills & education
3
Find your market worth with a report tailored to you
United States (change)
Salary
$25k - $74k
Bonus
$600 - $25k
Profit Sharing
$489 - $10k
Commission
$2k - $76k
Total Pay
$30k - $85k

Your Market Worth Over Time

How has your pay changed over time for your market? Find out by taking our salary quiz.

Job Description for Mortgage Originator

Mortgage Originator Tasks
  • Identify financial needs, make proposals, and close business of borrowers.
  • Assign approved applications to a processor for the closing process.
  • Assist potential borrowers in loan application process and complete documentation for loan products.
  • Develop referral base of other banks, agents, attorneys, CPAS, appraisers, realtors, and builders.
  • Ensure a continual volume of loan clients, applications, and closings for purchase or refinance.

Job Satisfaction for Mortgage Originator

3.9 out of 5
(51)
Highly Satisfied
We currently don't have any reviews for this job. Are you a Mortgage Originator? Take our survey to help us meet this goal.

Popular Employer Salaries for Mortgage Originator

Career Paths

Explore the most common career paths for Mortgage 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.
Mortgage Originator
Mortgage Loan Officer
Mortgage Loan Processor
Loan Underwriter, Mortgage
More common (> 20%)
Somewhat common (8 - 20%)
Less common (< 8%)

Mortgage Originator Job Listings

Search for more jobs
Search

Popular Skills for Mortgage Originator

Skills in Customer Relationship Management (CRM), Loan Processing and Loan Underwriting are correlated to pay that is above average. Skills that pay less than market rate include Sales and Mortgage Loans.

Pay by Experience Level for Mortgage Originator

An entry-level Mortgage Originator with less than 1 year experience can expect to earn an average total compensation (includes tips, bonus, and overtime pay) of $41,271 based on 35 salaries. An early career Mortgage Originator with 1-4 years of experience earns an average total compensation of $41,905 based on 149 salaries. A mid-career Mortgage Originator with 5-9 years of experience earns an average total compensation of $46,762 based on 64 salaries. An experienced Mortgage Originator with 10-19 years of experience earns an average total compensation of $50,749 based on 88 salaries. In their late career (20 years and higher), employees earn an average total compensation of $39,305.
Employees with Mortgage Originator in their job title in Denver, Colorado earn an average of 110.3% more than the national average. These job titles also find higher than average salaries in San Francisco, California (26.4% more) and Phoenix, Arizona (14.9% more). The lowest salaries can be found in Orlando, Florida (43.9% less), Houston, Texas (26.5% less) and Lake Charles, Louisiana (9.7% less).

Years of Experience

This data is based on 382 survey responses.
Entry Level
9.2%
Early Career
39.0%
Mid Career
16.8%
Experienced
23.0%
Late Career
12.0%

Related Job Salaries