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 $44,330 as of April 27, 2021, but the range typically falls between $36,237 and $53,931. 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. 

Salary Salary + Bonus Benefits
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25% $36,237 10% $28,869 90% $62,672 75% $53,931 $44,330 50%(Median)

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Check out Mortgage Loan Officer jobs in Virginia

Mortgage Processor - Remote

Atlantic Coast Mortgage - Annandale, VA

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Mortgage Loan Closer - Remote

Atlantic Coast Mortgage - Annandale, VA

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Loan Officer - MUST HAVE EXPERIENCE

Mortgage Company - Ashburn, VA

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Mortgage Loan Officer

AAFMAA Mortgage Services LLC (AMS) - Chantilly, VA

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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 2021 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, 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 2019
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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
+ 25.0%
City, State Washington, DC Compared to national average
+ 11.3%
City, State Miami, FL Compared to national average
-2.6%
City, State Chicago, IL Compared to national average
+ 6.1%
City, State Boston, MA Compared to national average
+ 12.7%
City, State New York, NY Compared to national average
+ 20.3%
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

 
 
 
36237
53931
44330

Average Total Cash Compensation

Includes base and annual incentives

 
 
 
56883
114025
79572
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 $36,237 to $53,931 with the average base salary of $44,330. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $56,883 to $114,025 with the average total cash compensation of $79,572.
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36237
53931

 

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

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