Loan Officer Salary at Oswego Mortgage Corp BETA

How much does an Oswego Mortgage Corp Loan Officer make?

As of December 2024, the average annual salary for a Loan Officer at Oswego Mortgage Corp is $54,830, which translates to approximately $26 per hour. Salaries for Loan Officer at Oswego Mortgage Corp typically range from $47,773 to $63,284, reflecting the diverse roles within the company.

It's essential to understand that salaries can vary significantly based on factors such as geographic location, departmental budget, and individual qualifications. Key determinants include years of experience, specific skill sets, educational background, and relevant certifications. For a more tailored salary estimate, consider these variables when evaluating compensation for this role.

DISCLAIMER: The salary range presented here is an estimation that has been derived from our proprietary algorithm. It should be noted that this range does not originate from the company's factual payroll records or survey data.

Oswego Mortgage Corp Overview

Website:
oswegomortgage.com
Size:
<25 Employees
Revenue:
<$5M
Industry:
Financial Services

Oswego Mortgage is not your average mortgage company. When you come in our office you will not find fancy suites and shiny cufflinks, rather you will be greeted by our enthusiastic team members that will soon become your friends. Our experienced professional team is made up of Oregonians just like you, allowing us to relate with our clients/friends in ways that larger mortgage companies simply can't. Whether you are first time buyers purchasing their first home or a seasoned investor just wanting a better interest rate we believe the loan process should be a smooth, positive experience rather than a nightmarish chore. It is our personal approach to the loan process and the experience of our team that sets us apart from the rest. Ethical business practices and the commitment to help our neighbors and community have been the foundation to Oswego Mortgage since founded by Thomas R. Fitkin in 1996. It was never Tom's focus to be the biggest mortgage company out there, rather to be one that stands out as the best. All of our professional team members live and raise there families right here in Oregon and share the passion for meeting and helping others just like you everyday. Our team enjoys each others company away from the office as much as we do on a daily basis. It's camaraderie, innovative thinking and over 50 years combined experience that allows us to provide our clients/friends with the highest level service possible.

See similar companies related to Oswego Mortgage Corp

What Skills Does a person Need at Oswego Mortgage Corp?

At Oswego Mortgage Corp, specify the abilities and skills that a person needs in order to carry out the specified job duties. 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. Financial services: A services provided by the finance industry, which encompasses a broad range of businesses that manage money. These services involve banking, brokerage, mortgages, credit cards, payment services, real estate, investment funds, taxes and accounting.
  2. Mortgage Loans: A mortgage loan or, simply, mortgage (/ˈmɔːrɡɪdʒ/) is used either by purchasers of real property to raise funds to buy real estate, or alternatively by existing property owners to raise funds for any purpose, while putting a lien on the property being mortgaged. The loan is "secured" on the borrower's property through a process known as mortgage origination. This means that a legal mechanism is put into place which allows the lender to take possession and sell the secured property ("foreclosure" or "repossession") to pay off the loan in the event the borrower defaults on the loan or otherwise fails to abide by its terms. The word mortgage is derived from a Law French term used in Britain in the Middle Ages meaning "death pledge" and refers to the pledge ending (dying) when either the obligation is fulfilled or the property is taken through foreclosure. A mortgage can also be described as "a borrower giving consideration in the form of a collateral for a benefit (loan)".
  3. Underwriting: Underwriting services are provided by some large financial institutions, such as banks, or insurance or investment houses, whereby they guarantee payment in case of damage or financial loss and accept the financial risk for liability arising from such guarantee. An underwriting arrangement may be created in a number of situations including insurance, issue of securities in a public offering, and bank lending, among others. The person or institution that agrees to sell a minimum number of securities of the company for commission is called the underwriter. The name derives from the Lloyd's of London insurance market. Financial bankers, who would accept some of the risk on a given venture (historically a sea voyage with associated risks of shipwreck) in exchange for a premium, would literally write their names under the risk information that was written on a Lloyd's slip created for this purpose.
  4. Loan Origination: Loan origination is the process by which a borrower applies for a new loan, and a lender processes that application. Origination generally includes all the steps from taking a loan application up to disbursal of funds (or declining the application). For mortgages, there is a specific mortgage origination process. Loan servicing covers everything after disbursing the funds until the loan is fully paid off. Loan origination is a specialized version of new account opening for financial services organizations. Certain people and organizations specialize in loan origination. Mortgage brokers and other mortgage originator companies serve as a prominent example. There are many different types of loans. For more information on loan types, see the loan and consumer lending articles. Steps involved in originating a loan vary by loan type, various kinds of loan risk, regulator, lender policy, and other factors.
  5. Pricing: Pricing is a process of fixing the value that a manufacturer will receive in the exchange of services and goods.

Related Jobs

Caliver Beach Mortgage, LLC
Hillsboro , OR

Do you have strong relationship building skills? Have you built your business largely on referrals? Are you an entrepreneur at heart? If so, then we have an exciting opportunity for you. Become your own boss at Caliver Beach Mortgage!! Description: •Run your business remotely on a P&L basis under the umbrella of Caliver Beach Mortgage! •Uncapped commissions! •Loan products for all borrower types! •Add additional LO's to your team OR act as an individual LO! •Licensed in 28 states and growing! •Administrative, operational and compliance support provided by Corporate! Successful Candidate Attributes: •Proven track record developing referral partner relationships with Realtors, CPA's, Financial Planners, etc. •Maintains a database of past clients for marketing purposes. •History of closing at least 3-5 units per month. Loan Officer Requirements: •An active NMLS/MLO license (required). •Strong knowledge of lending regulations and industry best practices. •Exceptional interpersonal and comm


Sponsored
12/13/2024 12:00:00 AM
JPMorgan Chase
Sherwood , OR

You have a passion for helping customers, building relationships, and delivering extraordinary customer service. You are energetic and enthusiastic as the face of Chase to our retail branch customers. From a personal standpoint, you will have the opportunity to take ownership of your career development through a variety of cross-training opportunities. As a Relationship Banker in Branch Banking, you will take a lead role in delivering an outstanding experience to Chase customers. You will acquire, manage, and retain meaningful relationships with our customers, using your financial knowledge to offer thoughtful solutions to help address their financial needs, contributing to the success of the branch. You will be making the lives of customers easier by sharing and setting up self-service options to access their accounts 24 hours a day/ 7 days a week. Job responsibilities Delivers an exceptional customer experience by acting with a customer-first attitude Manages assigned customers and p


Sponsored
12/13/2024 12:00:00 AM
JPMorgan Chase & Co.
Cornelius , OR

JobID: 210571038 Category: Relationship Bankers JobSchedule: Full time Posted Date: 2024-12-02T18:32:33+00:00 JobShift: : You have a passion for helping customers, building relationships, and delivering extraordinary customer service. You are energetic and enthusiastic as the face of Chase to our retail branch customers. From a personal standpoint, you will have the opportunity to take ownership of your career development through a variety of cross-training opportunities. As a Relationship Banker in Branch Banking, you will take a lead role in delivering an outstanding experience to Chase customers. You will acquire, manage, and retain meaningful relationships with our customers, using your financial knowledge to offer thoughtful solutions to help address their financial needs, contributing to the success of the branch. You will be making the lives of customers easier by sharing and setting up self-service options to access their accounts 24 hours a day/ 7 days a week. Job responsibili


Sponsored
12/13/2024 12:00:00 AM
KeyBank
Canby , OR

Location: 200 NW Second Avenue - Canby, Oregon 97013 Job Summary Be a problem solver, trusted advisor, and partner to the people and businesses in our Key Bank communities. Personal Bankers engage clients in deeper conversations to uncover needs and provide guidance and solutions to assist in client's financial wellness both in person and through proactive calling efforts. As part of the branch team, the Personal Banker will work toward attracting new clients to Key and work with existing clients to develop and expand relationships based on their unique financial goals, leading to client confidence in their finances. The Personal Banker is a client first, sales-driven, self-motivated, and competitive individual. Strong and effective teamwork, paired with communication polish and confidence, are critical for this role. At KeyBank, we believe it's our opportunity and our privilege to help our clients move forward in their financial journey. We take pride in serving our clients and making


Sponsored
12/11/2024 12:00:00 AM
Cognizant Technology Solutions
Portland , OR

Retail - Client Relationship Manager Location: Portland OR (applicants must live in Portland OR or willing to relocate) Level: Senior Manager About Cognizant Cognizant (Nasdaq-100: CTSH) is one of the world's leading professional services companies, transforming clients' business, operating and technology models for the digital era. Our unique industry-based, consultative approach helps clients envision, build and run more innovative and efficient businesses. Headquartered in the U.S., Cognizant is on the Fortune 500 and is consistently listed among the most admired companies in the world. Cognizant's RCGTH business unit is one of Cognizant's highest growth businesses and a critical part of Cognizant's business strategy. Learn how Cognizant helps clients lead with digital at www.cognizant.com or follow us @Cognizant. Overview Client Relationship Managers (CRM) are key contributors to commercial side of Cognizant IT and Consulting Business. They support the Client Partner and act as bus


Sponsored
12/10/2024 12:00:00 AM
Lions Capital Mortgage Inc
Lake Oswego , OR

Job Description Job Description Are you a dedicated and empathetic individual with a military background looking for a meaningful career in the mortgage industry? Do you have a passion for helping fellow veterans achieve their dreams of homeownership? If so, we invite you to join our team as a Military Veteran Mortgage Loan Officer. Job Description: As a Military Veteran Mortgage Loan Officer at Lions Capital Mortgage, Inc. you will play a vital role in serving the VA community by providing expert guidance and support to veterans and their families throughout the homebuying process. Our company is committed to honesty, integrity, and making the American dream of homeownership a reality for those who have served our nation. Company Description Lions Capital Mortgage, Inc. Locally owned, operated and trusted within the local community. Our mission is to provide our clients with a strong and secure financial foundation for their homes. Just as a lion is the king of the jungle, we strive t


Sponsored
12/9/2024 12:00:00 AM
JPMorgan Chase
Happy Valley , OR

You have a passion for helping customers, building relationships, and delivering extraordinary customer service. You are energetic and enthusiastic as the face of Chase to our retail branch customers. From a personal standpoint, you will have the opportunity to take ownership of your career development through a variety of cross-training opportunities. As a Relationship Banker in Branch Banking, you will take a lead role in delivering an outstanding experience to Chase customers. You will acquire, manage, and retain meaningful relationships with our customers, using your financial knowledge to offer thoughtful solutions to help address their financial needs, contributing to the success of the branch. You will be making the lives of customers easier by sharing and setting up self-service options to access their accounts 24 hours a day/ 7 days a week. Job responsibilities Delivers an exceptional customer experience by acting with a customer-first attitude Manages assigned customers and p


Sponsored
12/9/2024 12:00:00 AM
Hire Horizons
Portland , OR

We’re seeking a Regional Director with expertise in wholesale distribution to guide the profitability and overall performance of our client’s branches located throughout the Western US. In this critical leadership role, you will guide and empower a team of Regional Managers and Branch Managers to successfully grow their profit centers while achieving higher standards of operational excellence. This is a lucrative opportunity to join a well-established and growing supplier of waterworks, HVAC, and plumbing products, with an impressive reputation for providing top-tier customer service to general contractors and construction companies. Compensation includes an attractive base salary, lucrative annual bonus incentive, and monthly vehicle allowance. Comprehensive benefits include 401-K with company match, annual profit-sharing bonus, medical, dental, vision, and life insurance, and paid vacation, volunteer hours, sick leave, and holidays. Essential Job Functions: Lead and direct a team of


Sponsored
12/9/2024 12:00:00 AM

Check more jobs information at Oswego Mortgage Corp

Job Title Average Oswego Mortgage Corp Salary Hourly Rate
2 Loan Originator $37,140 $18
3 Loan Processor $38,774 $19
4 Processing Assistant $42,056 $20
5 Senior Loan Officer $79,171 $38
6 Director, Marketing $157,586 $76
7 Mortgage Loan Assistant $83,002 $40
8 Mortgage Loan Processor $37,140 $18

Hourly Pay at Oswego Mortgage Corp

The average hourly pay at Oswego Mortgage Corp for a Loan Officer is $26 per hour. The location, department, and job description all have an impact on the typical compensation for Oswego Mortgage Corp positions. The pay range and total remuneration for the job title are shown in the table below. Oswego Mortgage Corp may pay a varying wage for a given position based on experience, talents, and education.
How accurate does $54,830 look to you?

FAQ about Salary and Jobs at Oswego Mortgage Corp

1. How much does Oswego Mortgage Corp pay per hour?
The average hourly pay is $26. The salary for each employee depends on several factors, including the level of experience, work performance, certifications and skills.
2. What is the highest salary at Oswego Mortgage Corp?
According to the data, the highest approximate salary is about $63,284 per year. Salaries are usually determined by comparing other employees’ salaries in similar positions in the same region and industry.
3. What is the lowest pay at Oswego Mortgage Corp?
According to the data, the lowest estimated salary is about $47,773 per year. Pay levels are mainly influenced by market forces, supply and demand, and social structures.
4. What steps can an employee take to increase their salary?
There are various ways to increase the wage. Level of education: An employee may receive a higher salary and get a promotion if they obtain advanced degrees. Experience in management: an employee with supervisory experience can increase the likelihood to earn more.