Loan Originator

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October 30, 2016

Jobs

Loan 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.

Loan Originator Salary Statistics as of 2015

Average annual salary for a Loan Originator is $48068 based on statistics in the U.S. as of 2015. The highest salary recorded was $132500. The lowest salary reported was $24217. These figures will vary on a state to state basis as these are averages across all 50 states.

Median hourly wage for a Loan Originator is $23.9 based on statistics in the U.S. as of 2015. The highest hourly rate recorded was $65.89. The lowest hourly rate recorded was $12.04. These figures will vary on a state to state basis as these are averages across all 50 states.

Bonuses for a Loan Originator are based on the years of experience using statistics from the U.S. as of 2015. The average bonus recorded was $0 from people with 15+ years of experience. The average bonus recorded was $500 from people with under 1 year of experience.

These are the highest paying states for a Loan Originator. These numbers are based of the median annual salary as of 2015.
Alabama – n/a
Georgia – n/a
Indiana – n/a
Louisiana – n/a
Michigan – $20,000 – $36,121
New York – n/a
Ohio – n/a

These are the highest paying cities for a Loan Originator. These numbers are based of the median annual salary as of 2015.
New York, New York –
Cleveland, Ohio –
Detroit, Michigan –
Mobile, Alabama –
Portland, Oregon –

This chart outlines the average annual salary of a Loan Originator from the past 5 years. In 2015 the average annual salary was $48068 while in 2007 it was just $44577.42

Job Outlook

Gender Statistics

Related Jobs

47%

53%

Based on our stats gathered across the U.S. 47% of Loan Originators were males while 53% were females. These numbers are based on averages across all states combined. Some individual states may have a much different ratio however.

Past Jobs

Future Jobs


Loan Originator Jobs

 

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