Mortgage loan originators can have a salary ranging from $50,000-$70,000 a year. Some people make an average of $40,000 a year while others make upwards of $100,000. It all depends on particulars. The salary range for mortgage loan originators increases and decreases based on certain characteristics:
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The average Mortgage Loan Officer salary in the United States is $109,163 as of September 26, 2019. The range for our most popular mortgage loan officer positions (listed below) typically falls between $27,616 and $190,710. Keep in mind that salary ranges can vary widely depending on many important factors, including position, education, certifications, additional skills, and the number of years you have spent in your profession.
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Current mortgage loan officer average salary is calculated to be around $65,000 on average. However, loan officer remuneration depends to a great extent on state, industry, employer’s size, employee experience, track of successful history, etc.
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The 2019 average Mortgage Loan Officer I salary in the US is $42701. How much does a Mortgage Loan Officer I make near you? Get a free salary report today.
Mortgage Loan Officer Salaries by State. What is the average annual salary for a Mortgage Loan Officer job by State? See how much a Mortgage Loan Officer job pays hourly by State. New York is the highest paying state for Mortgage Loan Officer jobs. North Carolina is the lowest paying State for Mo.
How much does a Loan Officer make? The national average salary for a Loan Officer is $40,782 in United States. Filter by location to see Loan Officer salaries in your area. Salary estimates are based on 2,104 salaries submitted anonymously to Glassdoor by Loan Officer employees.
Loan officers earn an average of $63,210 a year in the United States as of May 2009, according to the Bureau of Labor Statistics. Loan officers in the bottom 10 percent earn as little as $31,030 a year, while those in the top 10 percent make as much as $105,330 a year.
“Paying loan originators salaries is not workable because most mortgage brokers do not have sufficient loan volume to make salaried loan officers an economically viable option,” the association said.
So you need a job and you’re thinking about becoming a residential mortgage loan officer? Or a mortgage loan originator (MLO) as they’re now known. Well, there