How much does a Mortgage Loan Officer II make in the United States? The average Mortgage Loan Officer II salary in the United States is $65,024 as of January 26, 2024, but the range typically falls between $56,111 and $76,545. 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. 

Mortgage Loan Officer II Salaries by Percentile
Percentile Salary Location Last Updated
10th Percentile Mortgage Loan Officer II Salary $47,995 US January 26, 2024
25th Percentile Mortgage Loan Officer II Salary $56,111 US January 26, 2024
50th Percentile Mortgage Loan Officer II Salary $65,024 US January 26, 2024
75th Percentile Mortgage Loan Officer II Salary $76,545 US January 26, 2024
90th Percentile Mortgage Loan Officer II Salary $87,035 US January 26, 2024
25% $56,111 10% $47,995 90% $87,035 75% $76,545 $65,024 50%(Median) Didn’t find job title? Click
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Mortgage Loan Officer Recruiter

Client Direct Mortgage - Bodega Bay, CA

Mortgage Loan Officer

Madison Mortgage Services Inc. - Falmouth, ME

Loan Officer

Valorem Lending - Lake Forest, CA

Sr. Loan Officer - Las Vegas

New American Funding - Las Vegas, NV

What skills does a Mortgage Loan Officer II need?

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.

1.

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.

2.

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

3.

Wholesale: Buying and selling products in large quantities at a lower price to increase profitability through a high sales volume.

Customer Service 23.06%
background check 4.58%
Wholesale 32.41%
Others 39.95%

Job Description for Mortgage Loan Officer II

Mortgage Loan Officer II 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 II assists buyers in the purchase process through closing. Requires a bachelor's degree. Additionally, Mortgage Loan Officer II typically reports to a manager or head of a unit/department. The Mortgage Loan Officer II gains exposure to some of the complex tasks within the job function. Occasionally directed in several aspects of the work. To be a Mortgage Loan Officer II typically requires 2 to 4 years of related experience. (Copyright 2024 Salary.com)... View full job description

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Job Openings for Mortgage Loan Officer II

Career Path for Mortgage Loan Officer II

A career path is a sequence of jobs that leads to your short- and long-term career goals. Some follow a linear career path within one field, while others change fields periodically to achieve career or personal goals.

For Mortgage Loan Officer II, the first career path typically starts with a Mortgage Loan Officer III position, and then progresses to Mortgage Lending Assistant Manager.

Additionally, the second career path typically progresses to Secondary Market Manager.

Those that have already made the climb...
Pamela J. Shelley-Kessler, Co-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's investment portfolio includes 208 properties in 27 states wi... More
Fiscal Year Ended in 2022
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Mortgage Loan Officer II salary varies from city to city. Compared with national average salary of Mortgage Loan Officer II, the highest Mortgage Loan Officer II salary is in San Francisco, CA, where the Mortgage Loan Officer II salary is 25.0% above. The lowest Mortgage Loan Officer II salary is in Miami, FL, where the Mortgage Loan Officer II salary is 2.9% lower than national average salary.

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
-2.9%
City, State Chicago, IL Compared to national average
+ 5.5%
City, State Boston, MA Compared to national average
+ 12.7%
City, State New York, NY Compared to national average
+ 17.5%
City, State Dallas, TX Compared to national average
-0.7%

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

Average Base Salary

Core compensation

 
 
 
56111
76545
65024

Average Total Cash Compensation

Includes base and annual incentives

 
 
 
65907
92445
77887
These charts show the average base salary (core compensation), as well as the average total cash compensation for the job of Mortgage Loan Officer II in the United States. The base salary for Mortgage Loan Officer II ranges from $56,111 to $76,545 with the average base salary of $65,024. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $65,907 to $92,445 with the average total cash compensation of $77,887.
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56111
76545

 

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

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