Mortgage Loan Officer average salary is $70,000, median salary is $- with a salary range from $- to $-. Mortgage Loan Officer salaries are collected from government agencies and companies. Each salary is associated with a real job position. Mortgage Loan Officer salary statistics is not exclusive and is for reference only.
As of Aug 21, 2019, the average annual pay for a Mortgage Loan Officer Assistant in the United States is $36,587 a year. While ZipRecruiter is seeing annual salaries as high as $55,500 and as low as $22,500, the majority of Mortgage Loan Officer Assistant salaries currently range between $29,000 (25th percentile) to $45,000 (75th percentile) across the United States.
Usually, the loan officer is the main bridge of communication with the borrower in the attempt to secure a mortgage for real estate. Therefore, the job of a mortgage loan originator is essential and requires a unique set of skills in order for the job to be properly carried out. Here are five benefits of becoming a mortgage loan originator: 5.
A Loan Officer is typically paid an average salary of around $64,500 annually. Loan officers working for car dealerships make much more than this annual salary and loan officers working for other organizations. While entry-level salaries sit below the national average, they increase the more experience a loan officer gets.
Represented as a fraction, that’s .20% to .30% of the loan amount. Using the same $500,000 loan amount, that’s $1,000 to $1,500 per loan. Still good, but not as lucrative as our earlier example. However, this latter group might get a small base salary, along with benefits like 401k and insurance and so forth.
The base salary for Mortgage Loan Officer I ranges from $34,768 to $51,781 with the average base salary of $42,507. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $54,752 to $109,842 with the average total cash compensation of $76,622.
The rankings are open to mortgage loan officers and mortgage brokers. of top producers that considered an ownership stake or base salary to.
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average annual salaries and highest employment in 2013. The BLS definition of loan officer includes mortgage loan officers and agents, collection analysts, loan servicing officers and loan.