What are typical mortgage loan officer salaries?

Get new comments by email
You can cancel email alerts at anytime.
Comments (4)

Host

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?

Reply - Report abuse

erica mcclenny in Raleigh, North Carolina

76 months ago

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

Check out www.aleraexpress.com/flashmovies/8min/player.html

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

- Was this comment helpful? Yes / No Reply - Report abuse

erica mcclenny in Raleigh, North Carolina

76 months ago

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

- Was this comment helpful? Yes / No Reply - Report abuse

sharon in Walled Lake, Michigan

76 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.

- Was this comment helpful? Yes / No Reply - Report abuse

» Sign in or create an account to comment on this topic.