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The base salary for Mortgage Loan Officer I ranges from $34,704 to $51,684 with the average base salary of $42,425. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $54,654 to $109,636 with the average total cash compensation of $76,480.
Do you have any advice about getting a mortgage? – Tony A: When you start looking for. Like everything else in life, there are good loan officers and others that are best avoided. Make sure you.
The base salary for Loan Officer ranges from $57,031 to $73,944 with the average base salary of $65,205. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $59,367 to $81,272 with the average total cash compensation of $69,666.
Mortgage Loan Officer average salary is $70,000, median salary is $- with a salary range from $- to $-. Mortgage Loan Officer salaries are collected from government agencies and companies. Each salary is associated with a real job position. Mortgage Loan Officer salary statistics is not exclusive and is for reference only.
While the highest percentile of loan officers salaries can reach up to $120,000, the income for this job can grow much higher. For example, many loan officers are paid by an additional commission added to their base pay. The average commission rate is 2%, so if a loan officer completes a mortgage with the amount of $250,000, they will earn $5,000.
Or what the average mortgage loan officer salary is? Well, take note that most loan officers do not receive a base salary, only commission, so they are paid for performance. sales performance. The median income for a loan officer in the United States was $63,650 in 2016, according to the Bureau of Labor Statistics (BLS).
Mortgage Loan Officer I Salary in Arizona. How much does a Mortgage Loan Officer I make in Arizona? The average Mortgage Loan Officer I salary in Arizona is $40,495 as of May 31, 2019, but the range typically falls between $33,123 and $49,335.
Median pay for Loan Officers in the United States lies in the neighborhood of $45K annually. Overall incomes of Loan Officers – including $14K bonuses, $10K profit sharing proceeds, and $80K commissions on the more lucrative end – generally ranges between $29K and $78K.