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 $48,257 as of September 25, 2023, but the range typically falls between $41,098 and $56,524. 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. 

Jobs with a similar salary range to Mortgage Loan Officer I : City Launcher, Invoice Administrator, Personal Manager

Based on HR-reported data: a national average with a geographic differential
Mortgage Loan Officer I Salaries by Percentile
Percentile Salary Location Last Updated
10th Percentile Mortgage Loan Officer I Salary $34,580 US September 25, 2023
25th Percentile Mortgage Loan Officer I Salary $41,098 US September 25, 2023
50th Percentile Mortgage Loan Officer I Salary $48,257 US September 25, 2023
75th Percentile Mortgage Loan Officer I Salary $56,524 US September 25, 2023
90th Percentile Mortgage Loan Officer I Salary $64,052 US September 25, 2023
25% $41,098 10% $34,580 90% $64,052 75% $56,524 $48,257 50%(Median) Didn’t find job title? Click
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Job Description for Mortgage Loan Officer I

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 2023 Salary.com)... View full job description

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Job Openings for Mortgage Loan Officer I
Those that have already made the climb...
Pamela J. Shelley-Kessler, Co-President, Chief Financial Officer and Corporate Secretary
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
Fiscal Year Ended in 2022
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City, State Compared to national average
City, State San Francisco, CA Compared to national average
+ 25.0%
City, State Washington, DC Compared to national average
+ 11.3%
City, State Miami, FL Compared to national average
-2.9%
City, State Chicago, IL Compared to national average
+ 5.5%
City, State Boston, MA Compared to national average
+ 12.7%
City, State New York, NY Compared to national average
+ 17.5%
City, State Dallas, TX Compared to national average
-0.7%

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Understand the total compensation opportunity for a Mortgage Loan Officer I, base salary plus other pay elements

Average Base Salary

Core compensation

 
 
 
41098
56524
48257

Average Total Cash Compensation

Includes base and annual incentives

 
 
 
46680
75153
58837
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 $41,098 to $56,524 with the average base salary of $48,257. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $46,680 to $75,153 with the average total cash compensation of $58,837.
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41098
56524

 

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Skills associated with Mortgage Loan Officer I: Lending Regulatory Compliance, Loan Origination, New Business Development, Loan Software

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Salary estimation for Mortgage Loan Officer I at companies like : Uintah School, Organization for the Gifted Inc, P'S Holding LLC