What is the highest and lowest pay for Mortgage Loan Officer I?
As of December 01, 2024, the average annual pay of Mortgage Loan Officer I in Royal Oak, MI is $50,097. While Salary.com is seeing that the highest pay for Mortgage Loan Officer I in Royal Oak, MI can go up to $65,914 and the lowest down to $36,598, but most earn between $43,031 and $58,376. Salary.com shows 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.
View Mortgage Loan Officer I Salary by Hour, Week, Month, Year
Salary.com provides you with accurate and diversified Mortgage Loan Officer I salary data based on specialized databases to help you get a fairer salary.
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Last Updated on December 01, 2024
|
Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
75th Percentile |
$57,971 |
$4,831 |
$1,115 |
$28 |
Average |
$49,749 |
$4,146 |
$957 |
$24 |
25th Percentile |
$42,732 |
$3,561 |
$822 |
$21 |
Last Updated on December 01, 2024
View Mortgage Loan Officer I Salary by Experience Levels
An entry-level Mortgage Loan Officer I with under 1 year experience makes about $48,789.
With less than 2 years of experience, a mid-level Mortgage Loan Officer I makes around $49,629.
After 2-4 years, the Mortgage Loan Officer I pay rises to about $51,314.
Those senior Mortgage Loan Officer I with 5-8 years of experience earn roughly $52,297, and those Mortgage Loan Officer I having 8 years or more experience are expected to earn about $52,543 on average.
Levels |
Salary |
Entry Level Mortgage Loan Officer I
|
$48,789
|
Intermediate Level Mortgage Loan Officer I
|
$49,629
|
Senior Level Mortgage Loan Officer I
|
$51,314
|
Specialist Level Mortgage Loan Officer I
|
$52,297
|
Expert Level Mortgage Loan Officer I
|
$52,543
|
$48,789
0 yr
$49,629
< 2 yrs
$51,314
2-4 yrs
$52,297
5-8 yrs
$52,543
> 8 yrs
Last Updated on December 01, 2024
Entry Level
|
2%
|
Mid Level
|
0%
|
Senior Level
|
3%
|
Top Level
|
5%
|
Experienced
|
6%
|
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Last Updated on December 01, 2024