The average salary for a Mortgage Originator is $43,514.
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$25k - $74k
$600 - $25k
$489 - $10k
$2k - $76k
$30k - $85k
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Job Description for Mortgage Originator
Being a mortgage originator means that you will spend the majority of your time looking for new clients who want to buy a home or commercial real estate. You may work for a bank, credit union, or mortgage company. There is a lot of flexibility in this line of work. Depending on what a person does best, they may stay in the office and look for clients by phone or online, or they may go out and market with other people in the business. As time goes on, most will find their niche and learn what …Read more
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
Popular Employer Salaries for Mortgage Originator
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.
More common (> 20%)
Somewhat common (8 - 20%)
Less common (< 8%)
Mortgage Originator Job Listings
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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.
Pay Difference by Location
Learn more about cost of living by city.
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.