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Mortgage Loan Originator salary in United States

How much does a Mortgage Loan Originator make in the United States?

Average base salary

$143,859
Commission
$8,500per year
Non-cash benefit
401(k)
View more benefits

The average salary for a mortgage loan originator is $143,859 per year in the United States and $8,500 commission per year.3.1k salaries reported, updated at July 28, 2022.

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Salaries by years of experience in the United States

Years of experiencePer year
Less than 1 year
1 to 2 years
3 to 5 years
6 to 9 years
More than 10 years
View job openings with the years of experience that is relevant to you on Indeed
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Top companies for Mortgage Loan Originators in United States

  1. Eastern Union
    4.5star
    33 reviews10771 salaries reported
    $286,097per year
  2. $271,620per year
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Highest paying cities for Mortgage Loan Originators in United States

  1. Austin, TX
    $183,663 per year
    32 salaries reported
  2. Pensacola, FL
    $180,989 per year
    12 salaries reported
  3. Jacksonville, FL
    $168,635 per year
    34 salaries reported
  1. Phoenix, AZ
    $149,077 per year
    36 salaries reported
  2. Houston, TX
    $126,650 per year
    39 salaries reported
  3. Irvine, CA
    $126,422 per year
    14 salaries reported
  1. Detroit, MI
    $114,755 per year
    5 salaries reported
  2. Charlotte, NC
    $107,389 per year
    9 salaries reported
  3. Atlanta, GA
    $104,086 per year
    13 salaries reported
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Where can a Mortgage Loan Originator earn more?

Compare salaries for Mortgage Loan Originators in different locations
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Best-paid skills and qualifications for Mortgage Loan Originators

Top licenses
Real Estate Broker
+51.70%salary
Top skills
Pricing
+63.92%salary

More critical skills and qualifications that pay well

Top LicensesSalaryJob openingsCompanies
4 jobs7
159 jobs373
4 jobs9
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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
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Salary satisfaction

Based on 132 ratings

51% of Mortgage Loan Originators in the United States think their salaries are enough for the cost of living in their area.

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How much do similar professions get paid in United States?

Loan Officer

33,718 job openings

Average $185,336 per year

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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.

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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.

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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:

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