Senior Mortgage Loan Officer Salaries in Minnesota
How Much Does a Senior Mortgage Loan Officer Make in Minnesota?
Updated December 01, 2024
As of December 01, 2024,
the average annual pay of Senior Mortgage Loan Officer in Minnesota is $67,871.
While Salary.com is seeing that Senior Mortgage Loan Officer salary in MN can go up to $88,579
or down to $48,475, but most earn between $57,719 and $78,710.
Salary ranges can vary widely depending on many important factors,
including education, certifications, additional skills, and your experience levels.
With more online, real-time compensation data than any other website, Salary.com helps you determine your exact pay target.
Related Job Titles to Senior Mortgage Loan Officer
Facing Salary Structure Challenges? Let Our Expert Guide You
The job market is increasingly challenging. Our whitepaper, Navigating the Challenges of Creating Salary Structures, offers guidance on creating salary structures. Provide your phone number and work email to download the full version.
We will handle your contact details in line with our Privacy Policy.
If you prefer not to receive marketing emails from Salary.com, you can opt-out out of marketing communications at any time by clicking unsubscribe.
Choose a prefer time
Choose Your Preferred Time
All times are listed as US Eastern time (Boston/New York)
-
9:00 AM-9:30 AM
-
9:30 AM-10:00 AM
-
10:00 AM-10:30 AM
-
10:30 AM-11:00 AM
-
11:00 AM-11:30 AM
-
11:30 AM-12:00 PM
-
12:00 PM-12:30 PM
-
12:30 PM-1:00 PM
-
1:00 PM-1:30 PM
-
1:30 PM-2:00 PM
-
2:00 PM-2:30 PM
-
2:30 PM-3:00 PM
-
3:00 PM-3:30 PM
-
3:30 PM-4:00 PM
-
4:00 PM-4:30 PM
-
4:30 PM-5:00 PM
-
5:00 PM-5:30 PM
-
5:30 PM-6:00 PM
-
6:00 PM-6:30 PM
-
6:30 PM-7:00 PM
-
7:00 PM-7:30 PM
-
7:30 PM-8:00 PM
Similar Job Salaries to Senior Mortgage Loan Officer by Company
Loading results...
| Company | average base salary in (usd) | range |
|---|---|---|
|
Gate City Bank
Senior Mortgage Loan Officer
|
$113,179/yr
|
RANGE: $86,621 - $139,738
|
|
Bank Forward
Mortgage Loan Officer
|
$93,872/yr
|
RANGE: $74,825 - $112,918
|
|
PROGRESSIVE LENDING SOLUTIONS
Mortgage Loan Officer
|
$103,640/yr
|
RANGE: $82,611 - $124,669
|
|
Executive Recruiting Consultants
Mortgage Loan Officer
|
$92,309/yr
|
RANGE: $73,579 - $111,038
|
|
Standard Mortgage - NMLS #1588683
Mortgage Loan Officer
|
$103,640/yr
|
RANGE: $82,611 - $124,669
|
|
Royal Credit Union
Mortgage Loan Officer - Lake Area Mortgage Division
|
$103,640/yr
|
RANGE: $82,611 - $124,669
|
|
Satori Mortgage (NMLS: 4190)
Mortgage Loan Officer Elite Live Transfer Division
|
$115,848/yr
|
RANGE: $90,692 - $141,004
|
|
Thrive Lending LLC
Senior Mortgage Loan Officer
|
$97,763/yr
|
RANGE: $78,093 - $117,433
|
Top 10 Highest Paying Cities For Senior Mortgage Loan Officer Jobs in Minnesota
It is important to understand how location impacts your career prospects in the United States.
There are some cities where a Senior Mortgage Loan Officer can find a job easily with a greater salary paid then achieve a higher standard of living.
Below is the top cities list for Senior Mortgage Loan Officer job salaries in Minnesota.
Some cities can pay higher salaries for Senior Mortgage Loan Officer jobs, which can indicate that there is a large demand for Senior Mortgage Loan Officer positions in this city.
The following table shows top 10 cities where the Senior Mortgage Loan Officer salary is higher than other cities in Minnesota.
Minneapolis takes first place in this list, followed by Saint Paul, Minnetonka.
The Senior Mortgage Loan Officer salary is $70,392 in Minneapolis,
which is higher than the national average. There are 7 cities' Senior Mortgage Loan Officer salary higher than national average in Minnesota.
The average salary for a Senior Mortgage Loan Officer in Minnesota is $67,871,
but we found that the city with the highest salary for Senior Mortgage Loan Officer jobs is Minneapolis, MN, and it is higher than Saint Paul.
Senior Mortgage Loan Officer jobs in Minneapolis can have the opportunity to earn higher salaries than in other cities in Minnesota.
| CITY | ANNUAL SALARY | MONTHLY PAY | WEEKLY PAY | HOURLY WAGE |
| Minneapolis | $70,392 | $5,866 | $1,354 | $34 |
| Saint Paul | $70,392 | $5,866 | $1,354 | $34 |
| Minnetonka | $70,392 | $5,866 | $1,354 | $34 |
| Eden Prairie | $70,259 | $5,855 | $1,351 | $34 |
| Burnsville | $70,193 | $5,849 | $1,350 | $34 |
| Lakeville | $69,928 | $5,827 | $1,345 | $34 |
| Rochester | $66,544 | $5,545 | $1,280 | $32 |
| Saint Cloud | $65,416 | $5,451 | $1,258 | $31 |
| Duluth | $64,089 | $5,341 | $1,232 | $31 |
What Does a Senior Mortgage Loan Officer Do?
You would need to do a lot of self study and master mortgage processing since you are a new loan officer.
Updated December 22, 2021
Our team of experienced mortgage specialists are ready to help you achieve your dream home with our diverse loan options.
Updated December 20, 2021
Learn more about loan officers by visiting additional resources, including O*NET, a source on key characteristics of workers and occupations.
Updated December 19, 2021
All mortgage loan originators also needed to apply for each individual state that they wanted to get licensed in and pass the state exams as well as go through the state’s licensing requirements.
Updated December 15, 2021
In light of those drawbacks, homeowners considering a reverse mortgage should weigh the alternatives, such as refinancing an existing mortgage or taking out a home equity loan.
Updated December 11, 2021
Empower Your Talent Strategy with Salary.com's Skills Library.
Struggling with Managing Your Job Descriptions?
View Job Skills and Competency Data for more than 15,000 Job Titles, 18 Industries, and 26 Job Families.
Skills LibraryOur job description management tool- JobArchitect streamlines your job description process. Say goodbye to the hassle of crafting job descriptions.
Explore JobArchitectFrequently Asked Questions About a Senior Mortgage Loan Officer Salaries
What is the average of a Senior Mortgage Loan Officer in Minnesota?
The Senior Mortgage Loan Officer salary range is from $57,719 to $78,710, and the average Senior Mortgage Loan Officer salary is $67,871/year in Minnesota.
The Senior Mortgage Loan Officer's salary will change in different locations.
Which location pays the highest Senior Mortgage Loan Officer salary in the United States?
The Senior Mortgage Loan Officer salary in San Jose, CA is $83,263
which is the highest in the US.
What kinds of reasons will influence the Senior Mortgage Loan Officer's salary?
Besides the location, employees' education degree, related skills, and work experience also will influence the salary.
Try to improve your skills and experience to get a higher salary for the position of Senior Mortgage Loan Officer.
What is the growth rate of the Senior Mortgage Loan Officer's salary?
If you are thinking of becoming a Senior Mortgage Loan Officer or planning the next step in your career, find the detailed salary report of a Senior Mortgage Loan Officer.
