Updated Dec 13, 2021

How much does a Mortgage Loan Officer make?

Updated Dec 13, 2021

Experience

$208,067 / yrTotal Pay
$146,453 / yrBase Pay
$61,614 / yrAdditional Pay

$208,067

 / yr
$118K$512K
Most Likely Range
Possible Range

The estimated total pay for a Mortgage Loan Officer is $208,067 per year in the United States area, with an average salary of $146,453 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 $61,614 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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What is the total pay trajectory for Loan Officer?
$148,474 /yr
Loan Officer
$209,079 /yr
Senior Loan Officer
$113,718 /yr
Lead Loan Officer
See Full Career Path

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What are some related job titles for Mortgage Loan Officer?

Some related job titles are Senior Mortgage Loan Officer Salaries with median pay of $198,098, Underwriter Salaries with median pay of $69,098, Financial Advisor Salaries with median pay of $105,017, Mortgage Banker Salaries with median pay of $151,939.

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

Sort:
Company
Total Pay Range
Rocket Companies
3.4
Mortgage Loan Officer229 salaries115 open jobs

$118,129

 / yr

$101,321

 / yr
Wells Fargo
3.6
Mortgage Loan Officer140 salaries12,400 open jobs

$75,121

 / yr
loanDepot
3.4
Mortgage Loan Officer113 salaries88 open jobs

$8,442

 / mo

$7,498

 / mo
Freedom Mortgage
3.5
Mortgage Loan Officer84 salaries47 open jobs

$100,932

 / yr

$67,033

 / yr

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$73,495

 / yr
Pennymac
3.3
Mortgage Loan Officer59 salaries62 open jobs

$98,576

 / yr
USAA
3.6
Mortgage Loan Officer56 salaries426 open jobs

$90,097

 / yr
U.S. Bank
3.8
Mortgage Loan Officer53 salaries2,126 open jobs

$68,701

 / yr
Mr. Cooper
3.6
Mortgage Loan Officer53 salaries123 open jobs

$94,467

 / yr

$92,245

 / yr
Network Capital
3.6
Mortgage Loan Officer42 salaries54 open jobs

$10,271

 / mo

$103,201

 / yr

$9,660

 / mo
Better.com
3.0
Mortgage Loan Officer38 salaries49 open jobs

$97,675

 / yr

$8,301

 / mo
Movement Mortgage
4.0
Mortgage Loan Officer33 salaries11 open jobs

$87,154

 / yr
Guaranteed Rate
3.0
Mortgage Loan Officer33 salaries41 open jobs

$98,106

 / yr
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Viewing 1 - 20 of 1,240

Glassdoor Economist Pay Overview

What is the pay outlook for Finance & Accounting?

Jobs in finance and accounting are expected to see continued demand, with employment growth linked to the health of the broader economy. These jobs will continue to offer above average pay but usually require higher education or certification to enter the field. While automation will replace many common tasks, it is not expected to reduce the need for these employees; it will instead allow them to focus on core soft skills like advising clients and analyzing trends.

Recent mortgage loan officer Salaries

Salary Share
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Job Title

Location

Total Pay

Basic Pay | Additional Pay

Total Years of Experience

Years at Recent Employer

Submitted

Date of Time

Mortgage Loan Officer

United States of America

 | 7-9 years

$55,000

/yr

SubmittedYesterday

7-9 years
Yesterday
Business Loan Officer

United States of America

 | <1 year

$23

/hr

SubmittedYesterday

<1 year
Yesterday
Loan Officer

United States of America

 | 1-3 years

$223,000

/yr

$33K | $190K

SubmittedYesterday

1-3 years
Yesterday
Mortgage Loan Officer

United States of America

 | 4-6 years

$45,000

/yr

SubmittedYesterday

4-6 years
Yesterday
Loan Officer

United States of America

 | 1-3 years

$2,056,000

/yr

$40K | $2M

SubmittedYesterday

1-3 years
Yesterday
Mortgage Loan Officer

United States of America

 | 1-3 years

$175,000

/yr

SubmittedYesterday

1-3 years
Yesterday

Mortgage Loan Officer pay FAQ

The national average salary for a Mortgage Loan Officer is $146,453 per year in United States. Filter by location to see a Mortgage Loan Officer salaries in your area. Salaries estimates are based on 4465 salaries submitted anonymously to Glassdoor by a Mortgage Loan Officer employees.

The highest salary for a Mortgage Loan Officer in United States is $207,194 per year.

The lowest salary for a Mortgage Loan Officer in United States is $103,519 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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