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As of August 01, 2026, the average salary for a Loan Originator Assistant in Illinois is $50,023 per year, which breaks down to an hourly rate of $24.
However, a Loan Originator Assistant's salary can vary significantly. Here’s a look at the typical salary range:
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Loan Originator Assistant Salaries by Percentile
| Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
|
| 75th Percentile | $55,070 | $4,589 | $1,059 | $26 |
| Average | $50,023 | $4,169 | $962 | $24 |
| 25th Percentile | $46,225 | $3,852 | $889 | $22 |
Wintrust Financial - Algonquin, IL
Jet Direct Mortgage - Chicago, IL
USA Mortgage - Bolingbrook, IL
1st MidAmerica Credit Union - Bethalto, IL
A Loan Originator Assistant's salary isn't a fixed number. It's shaped by several important factors. Below, we'll explore how your years of experience, geographic location and company size can directly affect your earning potential.
Your salary can change significantly depending on where you work. States with a higher cost of living and strong industrial sectors often pay more to attract Loan Originator Assistants. For example, consider the average annual salaries in these key locations:
Salaries can also vary between different cities. Major metropolitan areas or cities with a high demand for technicians often offer more competitive pay. Here are a few examples of average annual salaries in different U.S. cities:
For Loan Originator Assistant roles, the industry you choose can impact your earning potential by as much as 50% (the gap between the highest and lowest paying industries). Data shows that the highest-paying industry, Financial Services, offers compensation 30% above the average. Conversely, Loan Originator Assistant positions in Business Services typically offer lower base pay, as this sector often view Loan Originator Assistant as a support function rather than a direct revenue driver.
| Industry Sector | Average Annual Salary | Average Hourly Rate | Pay vs.Avg |
|---|---|---|---|
| Financial Services | $65,031 | $31.0 | 30% |
Understanding how a Loan Originator Assistant's annual salary breaks down can help with budgeting. Below, you can see the average hourly rate, weekly pay, and monthly pay for this role. Use the buttons to switch between different pay periods.
| Annual Salary | Monthly Pay | Weekly Pay | Hourly Wage | |
|---|---|---|---|---|
| 75th Percentile | $55,070 | $4,589 | $1,059 | $26 |
| Average | $50,023 | $4,169 | $962 | $24 |
| 25th Percentile | $46,225 | $3,852 | $889 | $22 |
Ready to take the next step in your career? Browse thousands of current Loan Originator Assistant job openings on our job board. Use the search bar below to find your perfect match.
Merchants Bancorp
Chicago, IL
Merchants Bancorp | Chicago, IL
Mortgage Loan Originator. Our Mortgage Loan Originators are here to help grow and develop new residential mortgage businesses by assisting customers to mee... more
17 Days Ago
1st MidAmerica Credit Union
East Alton, IL
1st MidAmerica Credit Union | East Alton, IL
Consumer Loan Originator 1. Status: Full Time and Part Time. Location: East Alton, Illinois. Salary: $18.60. About Us. 1 st MidAmerica is a trusted financi... more
8 Days Ago
Friedman Management Company
Chicago, IL
Friedman Management Company | Chicago, IL
Commercial Real Estate Loan Originator. Chicago Metropolitan Area - Chicago, IL 60642. Overview. Level Experienced Education Level 4 Year Degree Travel Per... more
8 Days Ago
United Community Bank
Bunker Hill, IL
United Community Bank | Bunker Hill, IL
Job Description. Job Description. United Community Bancorp, Inc., is in search of a Loan Assistant. The loan assistant will provide administrative support ... more
6 Days Ago
United Community Bank
Springfield, IL
United Community Bank | Springfield, IL
Job Description. Job Description. United Community Bancorp, Inc., is in search of a Loan Assistant. The loan assistant will provide administrative support ... more
9 Days Ago
Key Mortgage Services
Schaumburg, IL
Key Mortgage Services | Schaumburg, IL
Loan Officer Assistant. The Loan Officer Assistant (LOA) provides comprehensive support to one or more Loan Originators throughout the loan file production... more
6 Days Ago
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