Mortgage loan originator salary in United States
How much does a Mortgage Loan Originator make in the United States?
Average base salary
The average salary for a mortgage loan originator is $171,279 per year in the United States and $11,750 commission per year.7k salaries reported, updated at September 29, 2023
Salaries by years of experience in the United States
| Years of experience | Per year |
|---|---|
| Less than 1 year | |
| 1 to 2 years | |
| 3 to 5 years | |
| 6 to 9 years | |
| More than 10 years |
Top companies for Mortgage Loan Originators in United States
Highest paying cities for Mortgage Loan Originators near United States
Where can a Mortgage Loan Originator earn more?
Compare salaries for Mortgage Loan Originators in different locations
Best-paid skills and qualifications for Mortgage Loan Originators
More critical skills and qualifications that pay well
| Top Licenses | Salary | Job openings | Companies |
|---|---|---|---|
| 4 jobs | 7 | ||
| 159 jobs | 373 | ||
| 4 jobs | 9 |
Most common benefits for Mortgage Loan Originators
- 401(k)
- 401(k) matching
- Dental insurance
- Disability insurance
- Employee assistance program
- Flexible schedule
- Flexible spending account
- Health insurance
- Health savings account
- Life insurance
- Opportunities for advancement
- Paid time off
- Referral program
- Retirement plan
- Tuition reimbursement
- Vision insurance
- Work from home
Salary satisfaction
Based on 132 ratings51% of Mortgage Loan Originators in the United States think their salaries are enough for the cost of living in their area.
How much do similar professions get paid in United States?
Loan Officer
Job openingsAverage $183,246 per year
Loan Processor
Job openingsAverage $51,998 per year
Loan Specialist
Job openingsAverage $43,382 per year
Mortgage Banker
Job openingsAverage $67,692 per year
Mortgage Agent
Job openingsAverage $54,118 per year
Loan Consultant
Job openingsAverage $71,267 per year
Common questions about salaries for a Mortgage Loan Originator
How can I know if I am being paid fairly as a mortgage loan originator?
If you’re unsure about what salary is appropriate for a mortgage loan originator, visit Indeed's Salary Calculator to get a free, personalized pay range based on your location, industry and experience.
Do mortgage loan originators receive a commission?
Most mortgage loan originators receive a commission on the loans they originate. The size of the commission and how it is calculated differs for each financial institution. Larger banks tend to pay their mortgage loan originators a salary plus a small percentage of the final mortgage amount. Smaller banks might pay a salary plus a percentage of the fees.
How much do similar professions to mortgage loan originator get paid?
Check the below Indeed career pages for the detailed pay ranges for the similar professions to mortgage loan originator here:
