How much does a Mortgage Loan Officer make? The national average salary for a Mortgage Loan Officer is $36,541 in United States. Filter by location to see Mortgage Loan Officer salaries in your area. Salary estimates are based on 988 salaries submitted anonymously to Glassdoor by Mortgage Loan Officer employees.
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Mortgage loan officers must have a Mortgage Loan Originator (MLO) license. To become licensed, they must complete at least 20 hours of coursework, pass an exam, and submit to background and credit checks. Licenses must be renewed annually, and individual states may have additional requirements.
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This mortgage loan officer sample job description can assist in your creating a job application that will attract job candidates who are qualified for the job. Feel free to revise this job description to meet your specific job duties and job requirements. mortgage loan Officer Job Responsibilities:
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The average salary for a Loan Officer is $74,305 per year in the United States. Salary estimates are based on 5,102 salaries submitted anonymously to Indeed by Loan Officer employees, users, and collected from past and present job advertisements on Indeed in the past 36 months.
· Steer my clients to higher rate loans so I can earn a higher commission? Are you crazy? How am I, a fully CA-DRE and NMLS licensed mortgage broker, supposed to stay in business if I.
Loan Officers made a median salary of $64,660 in 2017. The best-paid 25 percent made $94,150 that year, while the lowest-paid 25 percent made $45,660.
The average Loan Officer salary in the United States is $96,444 as of May 13, 2019. The range for our most popular Loan Officer positions (listed below) typically falls between $35,780 and $157,107. Keep in mind that salary ranges can vary widely depending on many important factors, including position, education, certifications, additional.
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As with their competitors in the mortgage industry, salaries are commission-based, with 20% of the sales force generating 80% of the loan volume. An aggressive loan officer who puts forth the required effort and services her customers well can earn income upwards of $350,000 per year.