Mortgage Originator

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October 30, 2016

Jobs

Mortgage Originator Job Description

Loan Officers Evaluate, authorize, or recommend approval of commercial, real estate, or credit loans. Advise borrowers on financial status and methods of payments. Includes mortgage loan officers and agents, collection analysts, loan servicing officers, and loan underwriters.

Mortgage Originator Salary Statistics as of 2015

Average annual salary for a Mortgage Originator is $46414 based on statistics in the U.S. as of 2015. The highest salary recorded was $103339. The lowest salary reported was $28709. These figures will vary on a state to state basis as these are averages across all 50 states.

Median hourly wage for a Mortgage Originator is $23.08 based on statistics in the U.S. as of 2015. The highest hourly rate recorded was $51.39. The lowest hourly rate recorded was $14.28. These figures will vary on a state to state basis as these are averages across all 50 states.

Bonuses for a Mortgage Originator are based on the years of experience using statistics from the U.S. as of 2015. The average bonus recorded was $40000 from people with 15+ years of experience. The average bonus recorded was $0 from people with under 1 year of experience.

These are the highest paying states for a Mortgage Originator. These numbers are based of the median annual salary as of 2015.
Florida – $38,884 – $73,250
Georgia – $40,500 – $97,500
Massachusetts – $24,740 – $60,335
Michigan – $27,500 – $60,000
Minnesota – $25,540 – $59,000
Ohio – $27,469 – $74,220
Pennsylvania – $24,490 – $47,846

These are the highest paying cities for a Mortgage Originator. These numbers are based of the median annual salary as of 2015.
Pittsburgh, Pennsylvania –
Columbus, Ohio –
Atlanta, Georgia –
Tulsa, Oklahoma –
Gulfport, Mississippi –
Minneapolis, Minnesota –
Valparaiso, Indiana –

This chart outlines the average annual salary of a Mortgage Originator from the past 5 years. In 2015 the average annual salary was $46414 while in 2007 it was just $43043.53

Job Outlook

Gender Statistics

Related Jobs

34%

66%

Based on our stats gathered across the U.S. 34% of Mortgage Originators were males while 66% were females. These numbers are based on averages across all states combined. Some individual states may have a much different ratio however.

Past Jobs

Loan Officer
$25,758 – $102,583
Mortgage Loan Processor
$23,977 – $49,128
Sales Associate
$15,583 – $56,165

Future Jobs

Branch Manager, Banking
$34,305 – $72,209
Mortgage Loan Officer
$27,981 – $119,850
Personal Banker
$24,971 – $48,799


Mortgage Originator Jobs

 

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