How much does a Mortgage Loan Officer III make in Massachusetts? The average Mortgage Loan Officer III salary in Massachusetts is $104,227 as of May 28, 2024, but the range typically falls between $87,241 and $122,272. Salary ranges can vary widely depending on the city and many other important factors, including education, certifications, additional skills, the number of years you have spent in your profession.

Mortgage Loan Officer III Salaries by Percentile
Percentile Salary Location Last Updated
10th Percentile Mortgage Loan Officer III Salary $71,776 MA May 28, 2024
25th Percentile Mortgage Loan Officer III Salary $87,241 MA May 28, 2024
50th Percentile Mortgage Loan Officer III Salary $104,227 MA May 28, 2024
75th Percentile Mortgage Loan Officer III Salary $122,272 MA May 28, 2024
90th Percentile Mortgage Loan Officer III Salary $138,700 MA May 28, 2024
25% $87,241 10% $71,776 90% $138,700 75% $122,272 $104,227 50%(Median) Didn’t find job title? Click
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What skills does a Mortgage Loan Officer III need?

Each competency has five to ten behavioral assertions that can be observed, each with a corresponding performance level (from one to five) that is required for a particular job.

1.

Customer Service: Customer service is the provision of service to customers before, during and after a purchase. The perception of success of such interactions is dependent on employees "who can adjust themselves to the personality of the guest". Customer service concerns the priority an organization assigns to customer service relative to components such as product innovation and pricing. In this sense, an organization that values good customer service may spend more money in training employees than the average organization or may proactively interview customers for feedback. From the point of view of an overall sales process engineering effort, customer service plays an important role in an organization's ability to generate income and revenue. From that perspective, customer service should be included as part of an overall approach to systematic improvement. One good customer service experience can change the entire perception a customer holds towards the organization.

2.

Wholesale: Buying and selling products in large quantities at a lower price to increase profitability through a high sales volume.

3.

Futures: Futures are derivative financial contracts obligating the buyer to purchase an asset or the seller to sell an asset at a predetermined future date and set price.

Customer Service 3.49%
Wholesale 5.93%
Futures 0.63%
Others 89.95%

Job Description for Mortgage Loan Officer III

Mortgage Loan Officer III solicits and services a variety of residential mortgage loans. Interviews applicants, collects financial data and documents, and makes recommendations regarding the loan products that best meet the borrower's needs. Being a Mortgage Loan Officer III assists buyers in the purchase process through closing. Requires a bachelor's degree. Additionally, Mortgage Loan Officer III typically reports to a manager or head of a unit/department. The Mortgage Loan Officer III contributes to moderately complex aspects of a project. Work is generally independent and collaborative in nature. To be a Mortgage Loan Officer III typically requires 4 to 7 years of related experience. (Copyright 2024 Salary.com)... View full job description

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Job Openings for Mortgage Loan Officer III in Massachusetts
  • Job Description. Job Description. Are you currently a productive loan officer wanting to take your business to the next level. If so, join the team at Mutu...
    - 5 Days Ago
  • FUNCTION: Working under the directives and goals set forth by the Regional Mortgage Development Manager, each MLO is responsible for the production of mort...
    - 4 Days Ago
  • Job Type. Full-time. Description. HUNT Mortgage is seeking an ambitious and results-driven Mortgage Loan Officer to join our team of highly motivated Mortg...
    - 1 Day Ago
  • Position Overview. At PNC, our people are our greatest differentiator and competitive advantage in the markets we serve. We are all united in delivering th...
    - 5 Days Ago
  • Work Location. Cambridge, Massachusetts. Hours. 40. Pay Details. $15.00 - $15.00 USD. TD is committed to providing fair and equitable compensation opportun...
    - 4 Days Ago

Select a city to view specific salary and bonus information for Mortgage Loan Officer III

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Location Avg. Salary Date Updated
Location Attleboro, MA Avg. Salary $100,491 Date Updated May 28, 2024
Location Barnstable, MA Avg. Salary $101,545 Date Updated May 28, 2024
Location Fitchburg, MA Avg. Salary $102,120 Date Updated May 28, 2024
Location Hyannis, MA Avg. Salary $101,162 Date Updated May 28, 2024
Location Leominster, MA Avg. Salary $100,875 Date Updated May 28, 2024
Location Malden, MA Avg. Salary $107,389 Date Updated May 28, 2024
Location Methuen, MA Avg. Salary $102,311 Date Updated May 28, 2024
Location Newton, MA Avg. Salary $107,389 Date Updated May 28, 2024
Location Revere, MA Avg. Salary $107,389 Date Updated May 28, 2024
Location Weymouth, MA Avg. Salary $104,611 Date Updated May 28, 2024

Career Path for Mortgage Loan Officer III

A career path is a sequence of jobs that leads to your short- and long-term career goals. Some follow a linear career path within one field, while others change fields periodically to achieve career or personal goals.

For Mortgage Loan Officer III, the first career path typically starts with a Mortgage Lending Assistant Manager position, and then progresses to Mortgage Lending Branch Manager.

Additionally, the second career path typically progresses to Secondary Market Manager.

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Mortgage Loan Officer III Salary in Massachusetts
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