As of April 01, 2025, the average annual salary for a Mortgage Loan Officer I in Joliet, IL is $51,556. According to Salary.com, salaries can range from a low of $38,727 to a high of $60,474, with most professionals earning between $44,841 and $56,224.
| Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
|
| 75th Percentile | $55,513 | $4,626 | $1,068 | $27 |
| Average | $50,904 | $4,242 | $979 | $24 |
| 25th Percentile | $44,274 | $3,690 | $851 | $21 |
An entry-level Mortgage Loan Officer I with under 1 year experience makes about $50,553. With less than 2 years of experience, a mid-level Mortgage Loan Officer I makes around $51,355. After 2-4 years, the Mortgage Loan Officer I pay rises to about $52,392. Those senior Mortgage Loan Officer I with 5-8 years of experience earn roughly $52,949, and those Mortgage Loan Officer I having 8 years or more experience are expected to earn about $53,088 on average.
| Levels | Salary |
|---|---|
| Entry Level Mortgage Loan Officer I | $50,553 |
| Intermediate Level Mortgage Loan Officer I | $51,355 |
| Senior Level Mortgage Loan Officer I | $52,392 |
| Specialist Level Mortgage Loan Officer I | $52,949 |
| Expert Level Mortgage Loan Officer I | $53,088 |
| Entry Level | 1% |
| Mid Level | 1% |
| Senior Level | 3% |
| Top Level | 4% |
| Experienced | 4% |
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Each competency has five to ten behavioral assertions that can be observed, each with a corresponding performance level (from one to five) that is required for a particular job.
Customer Service: Customer service is the provision of service to customers before, during and after a purchase. The perception of success of such interactions is dependent on employees "who can adjust themselves to the personality of the guest". Customer service concerns the priority an organization assigns to customer service relative to components such as product innovation and pricing. In this sense, an organization that values good customer service may spend more money in training employees than the average organization or may proactively interview customers for feedback. From the point of view of an overall sales process engineering effort, customer service plays an important role in an organization's ability to generate income and revenue. From that perspective, customer service should be included as part of an overall approach to systematic improvement. One good customer service experience can change the entire perception a customer holds towards the organization.
Wholesale: Buying and selling products in large quantities at a lower price to increase profitability through a high sales volume.
Background Check: A background check or background investigation is a review of a potential employee's criminal, commercial and financial records. The goal of background checks is to ensure the safety and security of the employees in the organisation
| Skill | Salary | Demand |
|---|---|---|
|
Food Safety
|
$93,831 |
82%
|
|
Integrity
|
$53,618 |
4%
|
|
Products and Services
|
$53,618 |
4%
|
|
Data Entry
|
$53,618 |
4%
|
|
Communication Skills
|
$53,618 |
4%
|
|
Effective Communication
|
$53,618 |
4%
|
