As of March 01, 2025, the average annual salary for a Mortgage Loan Officer III in West Orange, NJ is $108,728. Salary.com reports that pay typically ranges from $92,151 to $126,587, with most professionals earning between $77,059 and $142,847.
| Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
|
| 75th Percentile | $112,024 | $9,335 | $2,154 | $54 |
| Average | $96,220 | $8,018 | $1,850 | $46 |
| 25th Percentile | $81,550 | $6,796 | $1,568 | $39 |
An entry-level Mortgage Loan Officer III with under 1 year experience makes about $100,009. With less than 2 years of experience, a mid-level Mortgage Loan Officer III makes around $101,231. After 2-4 years, the Mortgage Loan Officer III pay rises to about $103,673. Those senior Mortgage Loan Officer III with 5-8 years of experience earn roughly $107,337, and those Mortgage Loan Officer III having 8 years or more experience are expected to earn about $113,915 on average.
| Levels | Salary |
|---|---|
| Entry Level Mortgage Loan Officer III | $100,009 |
| Intermediate Level Mortgage Loan Officer III | $101,231 |
| Senior Level Mortgage Loan Officer III | $103,673 |
| Specialist Level Mortgage Loan Officer III | $107,337 |
| Expert Level Mortgage Loan Officer III | $113,915 |
| Entry Level | 4% |
| Mid Level | 5% |
| Senior Level | 8% |
| Top Level | 12% |
| Experienced | 18% |
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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.
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.
| Skill | Salary | Demand |
|---|---|---|
|
Logistics
|
$129,387 |
19%
|
|
Customer Engagement
|
$129,387 |
19%
|
|
Sales and Marketing
|
$122,863 |
13%
|
|
Services Marketing
|
$119,601 |
10%
|
|
Event Marketing
|
$118,514 |
9%
|
|
Negotiating
|
$118,514 |
9%
|
