salary for mortgage loan officer

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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.

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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.