How much does a Mortgage Loan Officer III make in the United States? The average Mortgage Loan Officer III salary in the United States is $95,797 as of May 28, 2024, but the range typically falls between $80,185 and $112,382. 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 III Salaries by Percentile
Percentile Salary Location Last Updated
10th Percentile Mortgage Loan Officer III Salary $65,970 US May 28, 2024
25th Percentile Mortgage Loan Officer III Salary $80,185 US May 28, 2024
50th Percentile Mortgage Loan Officer III Salary $95,797 US May 28, 2024
75th Percentile Mortgage Loan Officer III Salary $112,382 US May 28, 2024
90th Percentile Mortgage Loan Officer III Salary $127,482 US May 28, 2024
25% $80,185 10% $65,970 90% $127,482 75% $112,382 $95,797 50%(Median) Didn’t find job title? Click
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What skills does a Mortgage Loan Officer III 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.

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

3.

Futures: Futures are derivative financial contracts obligating the buyer to purchase an asset or the seller to sell an asset at a predetermined future date and set price.

Customer Service 3.49%
Wholesale 5.93%
Futures 0.63%
Others 89.95%
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Job Description for Mortgage Loan Officer III

Mortgage Loan Officer III 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 III assists buyers in the purchase process through closing. Requires a bachelor's degree. Additionally, Mortgage Loan Officer III typically reports to a manager or head of a unit/department. The Mortgage Loan Officer III contributes to moderately complex aspects of a project. Work is generally independent and collaborative in nature. To be a Mortgage Loan Officer III typically requires 4 to 7 years of related experience. (Copyright 2024 Salary.com)... View full job description

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See user submitted job responsibilities for Mortgage Loan Officer III.

Salary.com job board provides millions of Mortgage Loan Officer III information for you to search for. Click on search button below to see Mortgage Loan Officer III job openings or enter a new job title here.

Job Openings for Mortgage Loan Officer III
  • TEKsystems is currently searching for qualified candidates to fill openings for a Mortgage Loan Officer Assistant position with a Fortune 100 Financial Ins...
    - 1 Day Ago
  • Enterprise Bank & Trust was founded in the spirit of entrepreneurship and community. From the small mom-and-pop coffee shop to the large construction compa...
    - 4 Days Ago
  • Enterprise Bank & Trust was founded in the spirit of entrepreneurship and community. From the small mom-and-pop coffee shop to the large construction compa...
    - 2 Days Ago
  • Enterprise Bank & Trust was founded in the spirit of entrepreneurship and community. From the small mom-and-pop coffee shop to the large construction compa...
    - 2 Days Ago
  • Enterprise Bank & Trust was founded in the spirit of entrepreneurship and community. From the small mom-and-pop coffee shop to the large construction compa...
    - 2 Days Ago

Career Path for Mortgage Loan Officer III

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 III, the first career path typically starts with a Mortgage Lending Assistant Manager position, and then progresses to Mortgage Lending Branch 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 III salary varies from city to city. Compared with national average salary of Mortgage Loan Officer III, the highest Mortgage Loan Officer III salary is in San Francisco, CA, where the Mortgage Loan Officer III salary is 25.0% above. The lowest Mortgage Loan Officer III salary is in Miami, FL, where the Mortgage Loan Officer III salary is 3.5% 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
-3.5%
City, State Chicago, IL Compared to national average
+ 4.9%
City, State Boston, MA Compared to national average
+ 12.1%
City, State New York, NY Compared to national average
+ 16.8%
City, State Dallas, TX Compared to national average
-1.3%

Take just three simple steps below to generate your own personalized salary report

Step 1 of 3

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

Average Base Salary

Core compensation

 
 
 
80185
112382
95797

Average Total Cash Compensation

Includes base and annual incentives

 
 
 
95775
137218
112088
These charts show the average base salary (core compensation), as well as the average total cash compensation for the job of Mortgage Loan Officer III in the United States. The base salary for Mortgage Loan Officer III ranges from $80,185 to $112,382 with the average base salary of $95,797. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $95,775 to $137,218 with the average total cash compensation of $112,088.
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For a real-time salary target, tell us more about your role in the four categories below.

80185
112382

 

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

Recently searched companies with related titles : Wells Fargo Mortgage Loan Consultant

Recently searched related titles: Business Loan Officer, Sap Implementation Specialist, Mortgage Disclosure Specialist

Jobs with a similar salary range to Mortgage Loan Officer III : Senior Mortgage Specialist

Salary estimation for Mortgage Loan Officer III at companies like : BlueLeaf, US Associations, Huber Engineered Materials

Jobs with a similar salary range to Mortgage Loan Officer III : Diversity Consultant

Mortgage Loan Officer III Salary in United States
Mortgage Loan Officer III Salary Graph, Regional Distribution and Summary