Residential Mortgage Loan Originator Salary
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How much does a Residential Mortgage Loan Originator make? The average Residential Mortgage Loan Originator salary is $66,733 as of June 27, 2024, but the salary range typically falls between $57,647 and $78,573. 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.
Salary range for a Residential Mortgage Loan Originator
$57,647 to $78,573
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What does a Residential Mortgage Loan Originator do?
Common responsibilities of a Residential Mortgage Loan Originator
Completes, passes and maintains an up to date status for all positional and company required compliance and regulatory courses by assigned due date(s).
November 27, 2022
Communicates loan decisions to internal lenders, coordinators and/or processors.
December 14, 2022
Assists with re-negotiations of loans based on lending guidelines.
December 23, 2022
Provides complete loan applications to Orion FCU mortgage lending center and partners.
February 26, 2023
Participates in special projects and assignments and performs other duties as assigned.
March 01, 2023
Documents the reasons for approval or denial of the loan in the loan file.
March 23, 2023
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Explore JobArchitectResidential 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 June 27, 2024. Click on the chart to see the detail salary data for Residential Mortgage Loan Originator in each city.
Residential Mortgage Loan Originator Salary by State
- Alaska
- Alabama
- Arkansas
- Arizona
- California
- Colorado
- Connecticut
- District of Columbia
- Delaware
- Florida
- Georgia
- Hawaii
- Iowa
- Idaho
- Illinois
- Indiana
- Kansas
- Kentucky
- Louisiana
- Massachusetts
- Maryland
- Maine
- Michigan
- Minnesota
- Missouri
- Mississippi
- Montana
- North Carolina
- North Dakota
- Nebraska
- New Hampshire
- New Jersey
- New Mexico
- Nevada
- New York
- Ohio
- Oklahoma
- Oregon
- Pennsylvania
- Rhode Island
- South Carolina
- South Dakota
- Tennessee
- Texas
- Utah
- Virginia
- Vermont
- Washington
- Wisconsin
- West Virginia
- Wyoming
Residential Mortgage Loan Originator Salary by City
Click to see the salary for Residential Mortgage Loan Originator in these major U.S. cities.
| City Name | Average Salary |
|---|---|
| San Francisco, CA | $83,416 |
| Washington, DC | $74,274 |
| Miami, FL | $64,397 |
| Chicago, IL | $70,003 |
| Boston, MA | $74,808 |
| New York, NY | $77,944 |
| Dallas, TX | $65,866 |
If you'd like know Residential Mortgage Loan Originator Salary in other cities, then please select a city in
Average Salary Range for Residential Mortgage Loan Originator
Average Base Salary
Core compensation
57647
78573
Average Total Cash Compensation
Includes base and annual incentives
What is the average salary for Residential Mortgage Loan Originator in 2024?
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 $57,647 to $78,573 with the average base salary of $66,733. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $67,838 to $94,938 with the average total cash compensation of $79,984.
View Average Salary for Residential Mortgage Loan Originator as table
| Average Salary | Average Salary Range | |
|---|---|---|
| Base Salary | $66,733 | $57,647 - $78,573 |
| Bonus | $13,250 | $10,191 - $16,365 |
| Total Pay | $79,984 | $67,838 - $94,938 |
* 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.
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57647
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Comments about Residential Mortgage Loan Originator
What's the difference between Mortgage Loan Originator and Residential Mortgage Loan Originator?
According to our latest salary estimation on June 27, 2024. The average salary of Residential Mortgage Loan Originator is $66,733, and the average salary of Mortgage Loan Originator is $50,000. The average salary of Mortgage Loan Originator is lower than Residential Mortgage Loan Originator. ( 2024-06-27 salary.com )
I am a Residential Mortgage Loan Originator, which location’s salary is higher, Auburn, AL or Bentonville, AR?
Bentonville, AR typically sees higher pay than Auburn, AL for Residential Mortgage Loan Originator. a Residential Mortgage Loan Originator Salary in Bentonville, AR is $60,327 as of June 27, 2024; a Residential Mortgage Loan Originator Salary in Auburn, AL is $58,859 as of June 27, 2024. ( 2024-06-27 salary.com )
Residential Mortgage Loan Originator Frequently Asked Questions
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. ( 2024-06-27 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 ( 2024-06-27 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. ( 2024-06-27 salary.com )
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 Residential Mortgage Loan Originator : Escrow Processor, Mortgage Loan Originator Assistant, Mortgage Loan Servicer
Last Update: June 27, 2024