What are typical mortgage loan officer salaries?

Comments (4)

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Do some companies pay a lot more for this position than others? What does a top earner make in this field?

What skills should you learn to increase your salary?

erica mcclenny in Raleigh, North Carolina

84 months ago

My company pays up to 80% of the net field commission but we also offer bonuses.

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We are in Maryland, DC, DE, VA and more. We are actively hiring LO's. I'm happy to talk with you.

erica mcclenny in Raleigh, North Carolina

84 months ago

There are many factors. Some companies pay on gross revenue, basis points or total revenue. Also, it's based on your history.

sharon in Walled Lake, Michigan

83 months ago

I have been thinking about working as a mortgage loan officer at cranbook mortgage company. Initially the company starts out with 30% commission then it increases. No paid training or base salary. They say it takes 2-4 months to receive your first check.

Is this the way most mortgage companies pay their employees? Any feedback would be appreciated.

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