How much does a Mortgage Loan Officer I make in the United States? The average Mortgage Loan Officer I salary in the United States is $43,258 as of April 27, 2020, but the range typically falls between $35,383 and $52,700. Salary ranges 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.
Mortgage Loan Officer I 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 I assists buyers in the purchase process through closing. Requires a bachelor's degree. Additionally, Mortgage Loan Officer I typically reports to a manager or head of a unit/department. The Mortgage Loan Officer I works on projects/matters of limited complexity in a support role. Work is closely managed. To be a Mortgage Loan Officer I typically requires 0-2 years of related experience. (Copyright 2020 Salary.com)... View full job description
LTC is a real estate investment trust (REIT) investing in seniors housing and health care properties primarily through sale-leasebacks, mortgage financing, joint-ventures and structured finance solutions including preferred equity and mezzanine lending. LTC holds more than 200 investments in 28 states with 29 operating... More
LTC PROPERTIES INC
Fiscal Year Ended in 2018
What does a Mortgage Loan Officer I do?
Mortgage Loan Officer I in Adelanto, CA
Obtains loan approval within specified limits or refers loan-to-loan committee or underwriting department for approval.
October 10, 2019
Requests property appraisals, applicant credit reports, background checks, reference checks, and other information pertinent to loan applicantÆs evaluation.
December 28, 2019
Assists customers with inquiries and information requests, and resolves complaints relating to loan products and services offered.
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These charts show the average base salary (core compensation), as well as the average total cash compensation for the job of Mortgage Loan Officer I in the United States. The base salary for Mortgage Loan Officer I ranges from $35,383 to $52,700 with the average base salary of $43,258. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $55,716 to $111,769 with the average total cash compensation of $77,965.