Mortgage Originator Salary in Rapid City, SD

How much does a Mortgage Originator make in Rapid City, SD?

As of April 01, 2025, the average annual salary for a Mortgage Originator in Rapid City, SD is $60,931. Salary.com reports that pay typically ranges from $52,624 to $71,352, with most professionals earning between $45,062 and $80,840.

Search Mortgage Originator Jobs in Rapid City, SD

Develop a Job description

Pay Equity

2024 Compensation Trend

Benefits Consulting

Salary range for a Mortgage Originator

$52,624 to $71,352

Employers: Find Surveys For This Job

Employers: Price Your Company Jobs

View Average Salary for United States
Adjust Mortgage Originator Salary:
Select State
Select City in SD
Choose Similar Job
Pick Related Category
View Cost of Living in Rapid City, South Dakota

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.

Mortgage Originator

Review the job openings and experience requirements for the Mortgage Originator job to confirm that it is the job you are seeking.

See user submitted job responsibilities for Mortgage Originator.

Search Mortgage Originator Job Openings

Job Openings for Mortgage Originator in Rapid City, SD

What does a Mortgage Originator do?

Common responsibilities of a Mortgage Originator

Interviews applicants to collect and analyze information regarding their income, assets, debts and credit data as well as their needs, desires, and earnings to assist in determining whether the loan will be an acceptable risk.

May 13, 2023

Provides equal employment opportunities to all employees and applicants for employment and prohibits discrimination and harassment of any type without regard to race, color, religion, age, sex, national origin, disability status, genetics, protected veteran status, sexual orientation, gender identity or expression, or any other characteristic protected by federal, state or local laws.

December 06, 2022

Works cooperatively and constructively with a wide variety of people, cross-functional teams, community- based organizations, title companies, and referral partners.

December 19, 2022

Meet with prospects referred by these sources and obtains information to understand individual situations and mortgage needs.

January 15, 2023

Develop and maintain relationships with realtors and builders and people of influence with the purpose of originating mortgages from referrals by these individuals.

February 20, 2023

Maintains active relationships with existing customers to ensure retention of relationships, fostering new business through actively meeting the needs of those customers.

March 03, 2023

Assists customer via telephone and walk-in customers directly to discuss loan programs and pre-qualifying requirements and procedures.

March 29, 2023

Manage the closing process for new transactions including negotiating loan applications and loan documents, completing all due diligence, and coordinating a closing team that includes loan asset managers, production analysts, attorneys, architects, appraisers and other third-party service providers.

April 13, 2023

Follow through with branch office applications until closing, obtaining commitment papers, surveys, title insurance, employment verification's, etc.

May 01, 2023

Submit Other Responsibilities

Not the job you're looking for? Search more salaries here:

Are you an HR manager or compensation specialist?

Salary.com's CompAnalyst platform offers:

Detailed skills and competency reports for specific positions
Job and employee pricing reports
Compensation data tools, salary structures, surveys and benchmarks.

Learn about

Mortgage Originator Salary By Experience Levels in Rapid City, SD

How much should you be earning in Mortgage Originator in Rapid City, SD based on your current experience?

Tell us how much experience you have and see an estimate of earnings and view how different experience leavels impact potential pay for Mortgage Originator in Rapid City, SD

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 Originator Salary By Level of Education in Rapid City, SD

Do you know how much should you be paid for a Mortgage Originator position in Rapid City, SD based on your education level?

Tell us about your education and see an estimate of earnings for Mortgage Originator in Rapid City, SD and well to know the impact of education on future careers.

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 Originator in Rapid City, SD

Average Base Salary

Core compensation

52624

71352

60931

Average Total Cash Compensation

Includes base and annual incentives

61145

85706

71945

What is the average salary for Mortgage Originator in 2025?

These charts show the average base salary (core compensation), as well as the average total cash compensation for the job of Mortgage Originator in Rapid City, SD. The base salary for Mortgage Originator ranges from $52,624 to $71,352 with the average base salary of $60,931. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $61,145 to $85,706 with the average total cash compensation of $71,945.

View Average Salary for Mortgage Originator as table

	Average Salary	Average Salary Range
Base Salary	$60,931	$52,624 - $71,352
Bonus	$11,015	$8,520 - $14,354
Total Pay	$71,945	$61,145 - $85,706

* 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 Originator Salary Near Rapid City, SD

CITY, STATE	AVERAGE SALARY RANGE	COMPARE TO Rapid City, SD
CITY, STATE Deadwood, SD	AVERAGE SALARY RANGE $51,737 - $70,149	COMPARE TO Rapid City, SD
CITY, STATE Gillette, WY	AVERAGE SALARY RANGE $53,648 - $72,739	COMPARE TO Rapid City, SD
CITY, STATE Pierre, SD	AVERAGE SALARY RANGE $49,821 - $67,551	COMPARE TO Rapid City, SD
CITY, STATE Casper, WY	AVERAGE SALARY RANGE $56,451 - $76,540	COMPARE TO Rapid City, SD
CITY, STATE Sheridan, WY	AVERAGE SALARY RANGE $56,356 - $76,411	COMPARE TO Rapid City, SD
CITY, STATE Dickinson, ND	AVERAGE SALARY RANGE $57,923 - $78,536	COMPARE TO Rapid City, SD

See salaries for Mortgage Originator in locations close to Rapid City, SD. 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 Rapid City, South Dakota

Rapid City is located at 44°04′34″N 103°13′42″W / 44.076188°N 103.228299°W / 44.076188; -103.228299. The downtown elevation of Rapid City is 3,202 feet (976 m) and Rapid City sits in the shadow of Black Elk Peak, which at 7,242 feet (2,207 m), is the highest point east of the Rocky Mountains. According to the United States Census Bureau, the city has a total area of 55.49 square miles (143.71 km2), of which 55.41 square miles (143.5 km2) is land and 0.08 square mile (0.2 km2) is water. Rapid City is located on the eastern edge of the Black Hills, and is split in half by the Dakota Hogback. ...

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

View Salary for Similar Jobs to Mortgage Originator in Rapid City, SD

See Additional Similar Jobs

Loading results...

JOB TITLE	LOCATION	MINIMUM SALARY	MAXIMUM SALARY
JOB TITLE Mortgage Loan Originator	LOCATION Rapid City, SD	MINIMUM SALARY $38,893	MAXIMUM SALARY $52,651
JOB TITLE Mortgage Originator Assistant	LOCATION Rapid City, SD	MINIMUM SALARY $41,070	MAXIMUM SALARY $48,284
JOB TITLE Outside Mortgage Originator	LOCATION Rapid City, SD	MINIMUM SALARY $59,022	MAXIMUM SALARY $69,965
JOB TITLE Residential Mortgage Loan Originator	LOCATION Rapid City, SD	MINIMUM SALARY $52,624	MAXIMUM SALARY $71,352
JOB TITLE Senior Mortgage Loan Originator	LOCATION Rapid City, SD	MINIMUM SALARY $44,274	MAXIMUM SALARY $55,513
JOB TITLE Mortgage Loan Originator Assistant	LOCATION Rapid City, SD	MINIMUM SALARY $49,411	MAXIMUM SALARY $67,674

The Mortgage Originator 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 Rapid City, SD that might be a good fit for the type of job and salary you are looking for.

Discover how your pay is adjusted for skills, experience, and other factors

How much should you be paid?

For a real-time salary target, tell us more about your role in the four categories below.

52624

71352

About Rapid City, South Dakota Rapid City is located at 44°04′34″N 103°13′42″W / 44.076188°N 103.228299°W / 44.076188; -103.228299. The downtown elevation of Rapid City is 3,202 ....More

Rapid City, South Dakota area prices were up 0.8% from a year ago

Mortgage Originator Salary in popular cities: Sioux Falls, Aberdeen, Brookings

Recently searched related titles: Loan Closing Analyst, Home Loan Advisor, Loan Closing Officer

Learn more about: Compensation Packages, Employee Flight Risk, Gender Pay Gap, Job Openings for This Role

Jobs with a similar salary range to Mortgage Originator : Escrow Processor, Mortgage Loan Originator Assistant, Mortgage Loan Servicer