Mortgage Officer Salary in Memphis, Tennessee

What is the salary range of Mortgage Officer?

As of December 01, 2024, the average annual pay of Mortgage Officer in Memphis, TN is $51,115. While Salary.com is seeing that Mortgage Officer salary in Memphis, TN can go up to $60,809 or down to $37,667, but most earn between $44,076 and $56,189. Salary.com shows the average base salary (core compensation), as well as the average total cash compensation for the job of Mortgage Officer in the United States.

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Salary range for a Mortgage Officer

$44,076 to $56,189

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Mortgage Officer

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Job Openings for Mortgage Officer in Memphis, TN

What does a Mortgage Officer do?

Common responsibilities of a Mortgage Officer

Maintains good working relationship with assigned Mortgage Processor regarding progress and required processing information .

January 04, 2023

Meets with Prospects identified directly as well as referred by realtors, developers, attorneys and other external and internal referral sources.

March 09, 2023

Reviewing completed mortgage application for accuracy and thoroughness and requests additional information if necessary.

March 22, 2023

Collect and confirm the accuracy of all necessary supporting loan documentation, including credit histories, financial statements along with the appropriate fee and lock-in information, and ensure all loans conform to all applicable terms and guidelines.

March 22, 2023

Management directly to ensure that loan documents are submitted in a timely manner following Federal Government requirement for early disclosures and closing disclosure.

April 04, 2023

Develops, creates, conducts, and/or participates in events to build ongoing business for Navy Federal such as Homebuyer Seminars, trade shows, tent sales, branch office promotions, etc.

April 22, 2023

Provides instruction regarding policy, procedures, products, tools and programs and ensures they are well informed regarding related legal and regulatory developments.

April 27, 2023

Demonstrates a positive member service (internal and external) focus at all times, greeting members and guests with a smile and eye contact immediately upon their arrival, using their name or acknowledging them, and thanking them for their business.

April 29, 2023

Understands, accepts and recognizes requirements relating to compliance issues and attends training as is appropriate and relative to their position.

April 29, 2023

Assists to ensure that the various federal reporting documents are delivered in a timely manner, to include the borrowers 1098, sellers 1099, interest reported to the IRS, and the HMDA report.

May 18, 2023

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Mortgage Officer Salary By Experience Levels in Memphis, TN

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RELEVANT JOB EXPERIENCE

Length of experience is a pay differentiator. Those with greater experience may have an advantage in negotiating salary. For those with less experience, other factors such as education or special skills could impact your pay. Please visit Professional Salary Report for more details.

Mortgage Officer Salary By Level of Education in Memphis, TN

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LEVEL OF EDUCATION

Depending on the job, educational levels may have a significant impact on pay levels. Be informed and understand how things like education and certifications can help to increase potential earnings for the career you are interested in. Please visit Professional Salary Report for more details.

Average Salary Range for Mortgage Officer in Memphis, TN

Average Base Salary

Core compensation

44076

56189

51115

Average Total Cash Compensation

Includes base and annual incentives

48354

62082

56133

What is the average salary for Mortgage Officer in 2024?

These charts show the average base salary (core compensation), as well as the average total cash compensation for the job of Mortgage Officer in Memphis, TN. The base salary for Mortgage Officer ranges from $44,076 to $56,189 with the average base salary of $51,115. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $48,354 to $62,082 with the average total cash compensation of $56,133.

View Average Salary for Mortgage Officer as table

	Average Salary	Average Salary Range
Base Salary	$51,115	$44,076 - $56,189
Bonus	$5,018	$4,279 - $5,893
Total Pay	$56,133	$48,354 - $62,082

* Base Salary represents gross income before taxes and deductions. It does not include additional pay such as benefits, bonuses, profit sharing or commissions.

* Total Pay combines base salary, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job.

Mortgage Officer Salary Near Memphis, TN

CITY, STATE	AVERAGE SALARY RANGE	COMPARE TO Memphis, TN
CITY, STATE Germantown, TN	AVERAGE SALARY RANGE $43,481 - $55,432	COMPARE TO Memphis, TN
CITY, STATE Southaven, MS	AVERAGE SALARY RANGE $43,525 - $55,488	COMPARE TO Memphis, TN
CITY, STATE Olive Branch, MS	AVERAGE SALARY RANGE $43,416 - $55,348	COMPARE TO Memphis, TN
CITY, STATE Jonesboro, AR	AVERAGE SALARY RANGE $43,262 - $55,152	COMPARE TO Memphis, TN
CITY, STATE Jackson, TN	AVERAGE SALARY RANGE $43,262 - $55,152	COMPARE TO Memphis, TN
CITY, STATE Tupelo, MS	AVERAGE SALARY RANGE $39,682 - $50,588	COMPARE TO Memphis, TN

See salaries for Mortgage Officer in locations close to Memphis, TN. Pay for the same job may vary based on the location and on the location and on other factors such as the size of company, the industry, and other local conditions.

About Memphis, Tennessee

Memphis is a city located along the Mississippi River in southwestern Shelby County, Tennessee, United States. The 2017 city population was 652,236, making Memphis the largest city on the Mississippi River, second-largest city in Tennessee, as well as the 25th largest city in the United States. Greater Memphis is the 42nd largest metropolitan area in the United States, with a population of 1,348,260 in 2017. The city is the anchor of West Tennessee and the greater Mid-South region, which includes portions of neighboring Arkansas and Mississippi. Memphis is the seat of Shelby County, the most p...

Source: Wikipedia (as of 04/11/2019). Read more from Wikipedia

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The Mortgage Officer job could be listed using titles that are not exactly the same, but actually are for the same or very similar job. Here are some job titles in Memphis, TN that might be a good fit for the type of job and salary you are looking for.

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