How much does a Residential Mortgage Loan Originator make? The average Residential Mortgage Loan Originator salary is $49,061 as of November 25, 2020, but the salary range typically falls between $42,715 and $57,608. Salary ranges can vary widely depending on many important factors, including education, certifications, additional skills, the number of years you have spent in your profession. With more online, real-time compensation data than any other website, Salary.com helps you determine your exact pay target. 

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Job Openings for Residential Mortgage Loan Originator
Summit Community Bank - Leesburg , VA
Mortgage Loan Originator Classification: Non-Exempt Reports to: SVP of Retail Lending Education ... Experience requirements: Minimum of two year residential mortgage lending experience. Job ...
ZipRecruiter - 50 days ago
CityScape Metro Group - Reston , VA
Prior experience in residential Mortgage Processing is a MANDATORY REQUIREMENT. Applicants who do ... Understanding of loan originator software such as Experian, LendingWise, or Calyx, and Office Suite ...
ZipRecruiter - 59 days ago
The Judge Group - Richmond , VA
Solid understanding of the economics related to the origination, sale, and servicing of residential mortgage loans * Excellent customer service skills Company Benefits/Perks: * 15 Paid Time Off (PTO ...
Judge Group - 79 days ago
NRL Federal Credit Union - Alexandria , VA
... mortgage origination efforts. Facilitates and assists applicants with the residential lending ... Generates loan leads, solicits new business, and develops and maintains sources. 20% - Collect ...
ZipRecruiter - 15 days ago
Eligible to manage or perform loan origination or servicing functions under Mortgage Investor or ... Two or more years of experience in residential mortgage lending with evidence of ability to self ...
Upward.net - Today
... recent residential mortgage underwriting OR 18 months of recent BB&T Residential Mortgage ... Mortgage Loan Originators through appropriate timely feedback.4. Adhere to all compliance ...
Lensa - 79 days ago

Residential Mortgage Loan Originator Salary in Major Cities

This chart shows the salary comparison for Residential Mortgage Loan Originator between major cities. San Francisco City consistently ranks #1 as of November 25, 2020. Click on the chart to see the detail salary data for Residential Mortgage Loan Originator in each city.
Click to see the salary for Residential Mortgage Loan Originator in these major U.S. cities.
City Name Average Salary
San Francisco, CA $61,327
Washington, DC $54,615
Miami, FL $47,762
Chicago, IL $52,049
Boston, MA $55,277
New York, NY $59,021
Dallas, TX $48,742
If you'd like know Residential Mortgage Loan Originator Salary in other cities, then please select a city in

Average Base Salary

Core compensation

 
 
 
42715
57608
49061

Average Total Cash Compensation

Includes base and annual incentives

 
 
 
43022
58148
49774
What is the average salary for Residential Mortgage Loan Originator in 2020?
These charts show the average base salary (core compensation), as well as the average total cash compensation for the job of Residential Mortgage Loan Originator in the United States. The base salary for Residential Mortgage Loan Originator ranges from $42,715 to $57,608 with the average base salary of $49,061. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $43,022 to $58,148 with the average total cash compensation of $49,774.
Average Salary Average Salary Range
Base Salary $49,061 $42,715 - $57,608
Bonus $712 $306 - $540
Total Pay $49,774 $43,022 - $58,148
* 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.
Salary.com Estimate Salary Tool provides free, accurate and real-time salary for thousands of careers. Please enter the following pay factors for Residential Mortgage Loan Originator, to get a real-time salary target. If you want to get more detailed salary information, please view Professional Salary Report
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42715
57608

 

What's the difference between Mortgage Loan Originator and Residential Mortgage Loan Originator?
According to our latest salary estimation on November 25, 2020. The average salary of Residential Mortgage Loan Originator is $49,061, and the average salary of Mortgage Loan Originator is $79,212. The average salary of Mortgage Loan Originator is higher than Residential Mortgage Loan Originator. ( 2020-11-25 salary.com )
I am a Residential Mortgage Loan Originator, which location’s salary is higher, Springfield, MO or Fremont, NE?
Springfield, MO typically sees higher pay than Fremont, NE for Residential Mortgage Loan Originator. a Residential Mortgage Loan Originator Salary in Springfield, MO is $46,353 as of November 25, 2020; a Residential Mortgage Loan Originator Salary in Fremont, NE is $45,693 as of November 25, 2020. ( 2020-11-25 salary.com )
Why does the salary of a Residential Mortgage Loan Originator vary from city to city?
The cost of living is tied to salaries. If the expenses are higher in a particular city, then the wage level will be higher as well to afford the people can opportunity to live there. This is why you're always going to make more money in New York City for example, than in a small town. ( 2020-11-25 salary.com )
What are the Pay Factors for Residential Mortgage Loan Originator?
Salary ranges for a Residential Mortgage Loan Originator can vary widely, depending on the city and several other pay factors, including (but not limited to) education level, certifications, additional skills, and work experience. Click here to view Eight Factors That Can Affect Your Pay ( 2020-11-25 salary.com )
How the Pay Factors Influence Your Pay?
Salaries are ultimately dictated by the position being applied to, and hiring company, but there are several important pay factors that come into play based on your individual history that could impact your value to the company. Salary.com's Personal Salary Report will analyze these factors for you to help you maximize your earning potential. ( 2020-11-25 salary.com )

Last Update: November 25, 2020