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Mortgage Loan Officer Salary

$66,107 (USD)

Average Salary

$32/hr

Average Hourly

$2,301

Average Bonus

Last updated: November 19, 2019

The average pay for a Mortgage Loan Officer is $66,107 a year and $32 an hour in the United States. The average salary range for a Mortgage Loan Officer is between $47,412 and $81,509. On average, a Bachelor's Degree is the highest level of education for a Mortgage Loan Officer. This compensation analysis is based on salary survey data collected directly from employers and anonymous employees in the United States.

ERI’s compensation data are based on salary surveys conducted and researched by ERI. Cost of labor data in the Assessor Series are based on actual housing sales data from commercially available sources, plus rental rates, gasoline prices, consumables, medical care premium costs, property taxes, effective income tax rates, etc.

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Description:
  • Interviews applicants, and reviews, evaluates, and authorizes or recommends approval of customer applications for conventional residential mortgage and FHA/VA loans.
  • Interviews applicant and requests specified information for mortgage loan application.
  • Analyzes applicant financial status, credit, and property evaluation to determine feasibility of granting loan, or may submit application to Credit Analyst for verification and recommendation.
Mortgage Loan Officer Job Prevalence in the United States

Job family: Loan Officers

Job family population: 304,950

Estimated population of Mortgage Loan Officer jobs: 29,522

Rate of error: 1.2%

Estimated salary in 2024:
$76,636
5 Year Change:
16 %
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About United States

United States Cost of Living Score:

Description: The United States of America (USA), commonly known as the United States (U.S. or US) or simply America, is a country comprising 50 states, a federal district, five major self-governing territories, and various possessions. At 3.8 million square miles (9.8 million km2), it is the world's third or fourth largest country by total area and is slightly smaller than the entire continent of Europe. Most of the country is located in central North America between Canada and Mexico. With an estimated population of over 327 million people, the U.S. is the third most populous country. The capital is Washington, D.C., and the...

Mortgage Loan Officer Job Listings for United States

New Career Path! Entry Level -- Mortgage Loan Officer Assistant
Nov 19
Ashburn, VA, USA
Mortgage Company
Career pathways to become a Loan Officer within 12 months or a Mortgage Loan Processor are outlined from the very first day. We are a very busy mortgage company in Ashburn, VA (ONE LOUDOUN). We are ...
Mortgage Loan officer - LEAD BASED! 75-150 bps
Nov 19
Ashburn, VA, USA
Mortgage Company
Marketing based mortgage office is seeking 3 additional Mortgage Loan Originators to join our busy ... Those loan officers who work at bank - we have a 3 week program to get you licensed on the state ...
Mortgage loan officer
Nov 19
Liberty, United States
American Pacific Mortgage Corporation
... Loan Officers and Branch Managers look good! Does your current company value you by doing the same?We are growing and seeking experienced Branch Managers.Primary FunctionsThe mortgage advisor is ...
Mortgage Loan Officer
Nov 18
Jacksonville, FL, USA
First Alliance Home Mortgage Florida
Mortgage Loan Officer We are seeking a Mortgage Loan - Originator / Officer to become a part of our team! WE OFFER * Company Supplied Long Form Leads * CRM with Custom Auto-Drip Campaign * State of ...
Mortgage Loan Officer (#12742915)
Nov 14
Orlando, FL, USA
Everest Recruiting
Are you a Licensed Mortgage Loan Officer? We are seeking a Licensed Mortgage Loan Officer to become part of our Maitland team! We are a direct lender and a leader in residential lending. We are ...

The average pay for a Mortgage Loan Officer is $66,107 a year and $32 an hour in the United States. The average salary range for a Mortgage Loan Officer is between $47,412 and $81,509. On average, a Bachelor's Degree is the highest level of education for a Mortgage Loan Officer. This compensation analysis is based on salary survey data collected directly from employers and anonymous employees in the United States.

ERI’s compensation data are based on salary surveys conducted and researched by ERI. Cost of labor data in the Assessor Series are based on actual housing sales data from commercially available sources, plus rental rates, gasoline prices, consumables, medical care premium costs, property taxes, effective income tax rates, etc.

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Mortgage Loan Officer
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New Career Path! Entry Level -- Mortgage Loan Officer Assistant
Nov 19
Ashburn, VA, USA
Mortgage Company
Career pathways to become a Loan Officer within 12 months or a Mortgage Loan Processor are outlined from the very first day. We are a very busy mortgage company in Ashburn, VA (ONE LOUDOUN). We are ...
Mortgage Loan officer - LEAD BASED! 75-150 bps
Nov 19
Ashburn, VA, USA
Mortgage Company
Marketing based mortgage office is seeking 3 additional Mortgage Loan Originators to join our busy ... Those loan officers who work at bank - we have a 3 week program to get you licensed on the state ...
Explore our most popular jobs
View our most popular salary searches and other resources