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As of August 01, 2026, the average salary for a Mortgage Originator in Michigan is $63,469 per year, which breaks down to an hourly rate of $31.
However, a Mortgage Originator's salary can vary significantly. Here’s a look at the typical salary range:
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Mortgage Originator Salaries by Percentile
| Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
|
| 75th Percentile | $67,743 | $5,645 | $1,303 | $33 |
| Average | $63,469 | $5,289 | $1,221 | $31 |
| 25th Percentile | $58,523 | $4,877 | $1,125 | $28 |
Arbor Financial Credit Union - Three Rivers, MI
USA Mortgage - Flint, MI
DENALI HOME LOANS LLC - Southfield, MI
American First Funding - Southfield, MI
A Mortgage Originator'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.
Experience is a primary driver of a Mortgage Originator's salary. As you build your skills and take on more complex tasks, your compensation generally increases. Here’s how the average salary grows at different career stages:
| Levels | Salary |
|---|---|
| Mortgage ... Level Mortgage Originator | $50,292 |
| Mortgage ... Level Mortgage Originator | $63,155 |
| Mortgage ... Level Mortgage Originator | $92,092 |
| Mortgage ... Level Mortgage Originator | $94,611 |
| Mortgage ... Level Mortgage Originator | $115,888 |
What Am I Worth?
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 Mortgage Originators. 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 Mortgage Originator roles, the industry you choose can affect earning potential by as much as 25% (the gap between the highest and lowest paying industries). Data shows that the Financial Services and Edu., Gov't. & Nonprofit sectors offer the strongest compensation, at 10% above the average. In contrast, Mortgage Originator positions in Business Services or Insurance typically offer lower base pay, as these industries often view Mortgage Originator as a support function rather than a direct revenue driver.
| Industry Sector | Average Annual Salary | Average Hourly Rate | Pay vs.Avg |
|---|---|---|---|
| Financial Services | $69,816 | $34.0 | 10% |
| Edu., Gov't. & Nonprofit | $66,643 | $32.0 | 5% |
Understanding how a Mortgage Originator'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 | $67,743 | $5,645 | $1,303 | $33 |
| Average | $63,469 | $5,289 | $1,221 | $31 |
| 25th Percentile | $58,523 | $4,877 | $1,125 | $28 |
Ready to take the next step in your career? Browse thousands of current Mortgage Originator job openings on our job board. Use the search bar below to find your perfect match.
Mortgage Center
Detroit, MI
Mortgage Center | Detroit, MI
Mortgage Loan Originator. Would you like to be a part of a company that can offer competitive rates and products to help your clients achieve their dream o... more
4 Days Ago
Arbor Financial Credit Union
Portage, MI
Arbor Financial Credit Union | Portage, MI
Mortgage Loan Originator. As the Mortgage Loan Originator, you will build relationships within the community and guide members through the mortgage process... more
4 Days Ago
Modern Mortgage Financial LLC
Farmington Hills, MI
Modern Mortgage Financial LLC | Farmington Hills, MI
Job Description. Job Description. We are seeking a Mortgage Loan Originator to become a part of our team. Must have MLO license. Responsibilities. Advise b... more
5 Days Ago
Fifth Third Bancorp
West Bloomfield, MI
Fifth Third Bancorp | West Bloomfield, MI
Mortgage Loan Originator. Make banking a Fifth Third better We connect great people to great opportunities. Are you ready to take the next step. Discover a... more
5 Days Ago
First Financial Bank
Grand Rapids, MI
First Financial Bank | Grand Rapids, MI
First Financial Bank Mortgage Loan Originator. We do the right things, right now. We do them in a way that is relevant to our clients. Become a part of our... more
3 Days Ago
Southwest CARE Center
SANTA FE, NM
Southwest CARE Center | SANTA FE, NM
Southwest Care Center employees can answer yes to these 3 questions. 1. Do you want to make a difference. 2. Do you believe everyone is entitled to quality... more
13 Days Ago
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