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Hourly Wage for Residential Mortgage Officer III Salary in the United States

Hourly Wage for Residential Mortgage Officer III Salary

How much does a Residential Mortgage Officer III make hourly in the United States? The average hourly wage for a Residential Mortgage Officer III in the United States is $46 as of March 26, 2024, but the range typically falls between $38 and $54. Hourly rate can vary widely depending on many important factors, including education, certifications, additional skills, the number of years you have spent in your profession. With more online, real-time compensation data than any other website, Salary.com helps you determine your exact pay target.

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Residential Mortgage Officer III Salaries by Percentile
Percentile Hourly Pay Rate Location Last Updated
10th Percentile Residential Mortgage Officer III Salary $32 US March 26, 2024
25th Percentile Residential Mortgage Officer III Salary $38 US March 26, 2024
50th Percentile Residential Mortgage Officer III Salary $46 US March 26, 2024
75th Percentile Residential Mortgage Officer III Salary $54 US March 26, 2024
90th Percentile Residential Mortgage Officer III Salary $61 US March 26, 2024
25% $38 10% $32 90% $61 75% $54 $46 50%(Median) Didn’t find job title? Click
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Check out Residential Mortgage Officer III Job Openings in Columbus, Ohio

Mortgage Loan Officer

Primary Residential Mortgage - Cincinnati, OH

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Escrow Officer

Heartland Bank - Circleville, OH

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Sr. Corporate Loan Processor

CrossCountry Mortgage, LLC. - Cleveland, OH

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Job Description

The Residential Mortgage Officer III interviews applicants, collects financial data and documents, and makes recommendations regarding the loan products that best meet the borrower's needs. Solicits and services a variety of residential mortgage loans. Being a Residential Mortgage Officer III requires a bachelor's degree. Assists buyers in the purchase process through closing. In addition, Residential Mortgage Officer III typically reports to a manager or head of a unit/department. Being a Residential Mortgage Officer III contributes to moderately complex aspects of a project. Work is generally independent and collaborative in nature. Working as a Residential Mortgage Officer III typically requires 4 to 7 years of related experience. (Copyright 2024 Salary.com)

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Job Openings for Residential Mortgage Officer III

Career Path for this job

  1. Down a level:

    Officer, Experienced - Mortgage Loans

    2 - 4 years experience
    Bachelor's Degree

  2. This Job:

    Residential Mortgage Officer III

    4 - 7 years experience
    Bachelor's Degree

  3. Up a level:

    Mortgage Lending Development Assistant Manager

    3 + years experience
    Bachelor's Degree

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Understand the total hourly compensation opportunity for a Residential Mortgage Officer III, hourly wage plus other pay elements

Average Hourly Wage

Core compensation

 
 
 
38
54
46

Average Total Hourly Cash Compensation

Includes base and short-term incentives

 
 
 
46
66
54
These charts show the average hourly wage (core compensation), as well as the average total hourly cash compensation for the job of Residential Mortgage Officer III in the United States. The average hourly rate for Residential Mortgage Officer III ranges from $38 to $54 with the average hourly pay of $46. The total hourly cash compensation, which includes base and short-term incentives, can vary anywhere from $46 to $66 with the average total hourly cash compensation of $54.
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38
54

 

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