Updated Dec 13, 2021

How much does a Mortgage Loan Officer make?

Updated Dec 13, 2021

Experience

Industry

$205,155 / yrTotal Pay
$144,079 / yrBase Pay
$61,077 / yrAdditional Pay

$205,155

 / yr
$116K$507K
Most Likely Range
Possible Range

The estimated total pay for a Mortgage Loan Officer is $205,155 per year in the United States area, with an average salary of $144,079 per year. These numbers represent the median, which is the midpoint of the ranges from our proprietary Total Pay Estimate model and based on salaries collected from our users. The estimated additional pay is $61,077 per year. Additional pay could include cash bonus, commission, tips, and profit sharing. The "Most Likely Range" represents values that exist within the 25th and 75th percentile of all pay data available for this role.

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Related Job Titles

For Mortgage Loan Officer

Some related job titles are Senior Mortgage Loan Officer Salaries with median pay of $195,656, Underwriter Salaries with median pay of $69,501, Financial Advisor Salaries with median pay of $106,169, Mortgage Banker Salaries with median pay of $150,449.

What are total pay estimates for a Mortgage Loan Officer at different companies?

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Average Base Salary in (USD)

Range

Open Jobs

Rocket Companies
3.5

Rocket Companies

Mortgage Loan Officer

$31,941

 /yr
Range: $20K - $195K

$20K

$195K

$20,000 - $195,448 Range

123 Jobs
Bank of America
4.0

Bank of America

Mortgage Loan Officer

$42,534

 /yr
Range: $2K - $142K

$2K

$142K

$2,440 - $142,421 Range

Wells Fargo
3.6

Wells Fargo

Mortgage Loan Officer

$37,793

 /yr
Range: $24K - $142K

$24K

$142K

$24,125 - $141,568 Range

loanDepot
3.3

loanDepot

Mortgage Loan Officer - Hourly

$15

 /hr
Range: $0 - $104

$0

$104

$0 - $104 Range

AmeriSave Mortgage
2.7

AmeriSave Mortgage

Mortgage Loan Officer - Hourly

$15

 /hr
Range: $9 - $101

$9

$101

$9 - $101 Range

Freedom Mortgage
3.4

Freedom Mortgage

Mortgage Loan Officer

$43,740

 /yr
Range: $26K - $180K

$26K

$180K

$25,681 - $180,000 Range

Navy Federal Credit Union
4.1

Navy Federal Credit Union

Mortgage Loan Officer

$52,441

 /yr
Range: $40K - $70K

$40K

$70K

$40,000 - $69,622 Range

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PNC Financial Services Group
3.6

PNC Financial Services Group

Mortgage Loan Officer

$29,833

 /yr
Range: $27K - $162K

$27K

$162K

$26,651 - $161,598 Range

Pennymac
3.2

Pennymac

Mortgage Loan Officer

$33,515

 /yr
Range: $28K - $168K

$28K

$168K

$28,156 - $168,307 Range

USAA
3.6

USAA

Mortgage Loan Officer

$48,603

 /yr
Range: $39K - $67K

$39K

$67K

$39,289 - $66,990 Range

Mr. Cooper
3.5

Mr. Cooper

Mortgage Loan Officer

$40,223

 /yr
Range: $21K - $138K

$21K

$138K

$21,000 - $138,446 Range

Cardinal Financial Company
3.7

Cardinal Financial Company

Mortgage Loan Officer

$29,784

 /yr
Range: $25K - $156K

$25K

$156K

$25,280 - $156,414 Range

U.S. Bank
3.8

U.S. Bank

Mortgage Loan Officer

$37,446

 /yr
Range: $26K - $200K

$26K

$200K

$25,853 - $200,000 Range

Network Capital Funding Corporation
3.6

Network Capital Funding Corporation

Mortgage Loan Officer - Hourly

$15

 /hr
Range: $12 - $78

$12

$78

$12 - $78 Range

JPMorgan Chase & Co
4.0

JPMorgan Chase & Co

Mortgage Loan Officer

$38,137

 /yr
Range: $25K - $113K

$25K

$113K

$24,896 - $112,750 Range

Royal United Mortgage
4.0

Royal United Mortgage

Mortgage Loan Officer

$41,710

 /yr
Range: $29K - $61K

$29K

$61K

$29,012 - $61,482 Range

Better.com
2.9

Better.com

Mortgage Loan Officer

$63,894

 /yr
Range: $51K - $80K

$51K

$80K

$50,560 - $80,000 Range

Intercontinental Capital Group
2.4

Intercontinental Capital Group

Mortgage Loan Officer - Hourly

$16

 /hr
Range: $12 - $74

$12

$74

$12 - $74 Range

New American Funding
3.9

New American Funding

Mortgage Loan Officer - Hourly

$16

 /hr
Range: $9 - $68

$9

$68

$9 - $68 Range

Guaranteed Rate
2.9

Guaranteed Rate

Mortgage Loan Officer

$32,399

 /yr
Range: $25K - $121K

$25K

$121K

$25,026 - $120,623 Range

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Viewing 1 - 10 of 12,281

Recent User Submitted Salaries for Loan Officer in United States of America

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$15

/hrAvg Base Salary

8 days ago by a Loan Officer with 10 to 14 years of experience

$37,000

/yrAvg Base Salary

8 days ago by a Mortgage Loan Officer with 1 to 3 years of experience

$12

/hrAvg Base Salary

8 days ago by a Mortgage Loan Officer with 4 to 6 years of experience

$30,000

/yrAvg Base Salary

8 days ago by a Mortgage Loan Officer with less than one year of experience

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$13

/hrAvg Base Salary

8 days ago by a Mortgage Loan Officer with 1 to 3 years of experience

$24,000

/yrAvg Base Salary

8 days ago by a Home Mortgage Consultant with more than 15 years of experience

$2,000

/moAvg Base Salary

8 days ago by a Mortgage Loan Officer with 1 to 3 years of experience

$60,000

/yrAvg Base Salary

8 days ago by a Loan Officer with 4 to 6 years of experience

$15

/hrAvg Base Salary

8 days ago by a Mortgage Loan Officer with 1 to 3 years of experience

Download as data table

Frequently asked questions about a Mortgage Loan Officer salaries

The national average salary for a Mortgage Loan Officer is $43,241 per year in United States. Filter by location to see a Mortgage Loan Officer salaries in your area. Salaries estimates are based on 2495 salaries submitted anonymously to Glassdoor by a Mortgage Loan Officer employees.

The highest salary for a Mortgage Loan Officer in United States is $81,226 per year.

The lowest salary for a Mortgage Loan Officer in United States is $23,020 per year.

If you are thinking of becoming a Mortgage Loan Officer or planning the next step in your career, find details about the role, the career path and salary trajectory of a Mortgage Loan Officer.

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