Mortgage Loan Officer I Salary in the United States

Mortgage Loan Officer I Salary

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. 

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Salary Salary + Bonus Benefits
25% $35,383 10% $28,213 90% $61,296 75% $52,700 $43,258 50%(Median)
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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 2020 Salary.com)... View full job description

See user submitted job responsibilities for Mortgage Loan Officer I.

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Job Openings for Mortgage Loan Officer I
Those that have already made the climb...
Pamela J. Shelley-Kessler, Executive Vice President, Chief Financial Officer and Corporate Secretary
LTC PROPERTIES INC
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 2018
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Mortgage Loan Officer I Pay Difference by Location

City, State Compared to national average
City, State San Francisco, CA Compared to national average
+ 25.3%
City, State Washington, DC Compared to national average
+ 10.7%
City, State Miami, FL Compared to national average
-2.7%
City, State Chicago, IL Compared to national average
+ 6.0%
City, State Boston, MA Compared to national average
+ 12.9%
City, State New York, NY Compared to national average
+ 21.0%
City, State Dallas, TX Compared to national average
-1.0%

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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

 
 
 
35383
52700
43258

Average Total Cash Compensation

Includes base and annual incentives

 
 
 
55716
111769
77965
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.
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35383
52700

 

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

Recently searched related titles: Mortgage Assistant

Salary estimation for Mortgage Loan Officer I at companies like : FS BANCORP INC, HIGHLANDS BANKSHARES INC /VA/, LTC PROPERTIES INC

Jobs with a similar salary range to Mortgage Loan Officer I : Funding Specialist, HR Intern