Mortgage Loan Officer I Salary in Chicago, Illinois

How much does a Mortgage Loan Officer I make in Chicago, IL? The average Mortgage Loan Officer I salary in Chicago, IL is $45,183 as of August 27, 2019, but the range typically falls between $36,956 and $55,041. 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. 

About Chicago, Illinois    Chicago (/ʃɪˈkɑːɡoʊ/ (listen), locally also /-ˈkɔː-/), officially the City of Chicago, is the most populous city in Illinois, as well as the third mos....More

Chicago, Illinois  area prices were up 0.8% from a year ago    View the Cost of Living in Chicago, Illinois

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

Popular jobs: Physical Therapist, Actuary I, Aerospace Engineer I

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

Job Description

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 2019 Salary.com)

See user submitted job responsibilities for Mortgage Loan Officer I.

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Step 1 of 3

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

Average Base Salary

Core compensation

 
 
 
36956
55041
45183

Average Total Cash Compensation

Includes base and annual incentives

 
 
 
58195
116748
81438
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 Chicago, IL. The base salary for Mortgage Loan Officer I ranges from $36,956 to $55,041 with the average base salary of $45,183. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $58,195 to $116,748 with the average total cash compensation of $81,438.
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36956
55041

 

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Job Openings for Mortgage Loan Officer I in Chicago, IL
Those that have already made the climb...
Pamela J. Shelley-Kessler , Executive Vice 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 operatin... More
Fiscal Year Ended in 2018
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