Mortgage Loan Officer Salaries in the United States
How much does a Mortgage Loan Officer make in the United States?
Mortgage Loan Officers earn $50,000 annually on average, or $24 per hour, which is 28% less than the national average for all working Americans. Our data indicates that the best paid Mortgage Loan Officers work for Sage at $115,000 annually while the lowest paid Mortgage Loan Officers work for Equity One earning approximately $23,000 each year.
Submit a Salary$53K Quicken Loans' Average Mortgage Loan Officer Salary (5 salaries)
+$3K (5%) more than national average Mortgage Loan Officer salary ($50K)
+$12K (25%) more than average Quicken Loans salary ($41K)
+$17K (27%) more than average Quicken Loans Mortgage Loan Officer salary ($53K)
"I felt I was being sufficiently compensated for my work."
+$12K (20%) more than average Quicken Loans Mortgage Loan Officer salary ($53K)
"Fair"
-$23K (55%) less than average Quicken Loans Mortgage Loan Officer salary ($53K)
$50K Bank of America's Average Mortgage Loan Officer Salary (237 salaries)
Equal to national average Mortgage Loan Officer salary ($50K)
+$5K (10%) more than average Bank of America salary ($45K)
+$20K (33%) more than average Bank of America Mortgage Loan Officer salary ($50K)
"Underpaid - BofA has lowered the Comp Plans since purchasing Countrywide."
-$9K (19%) less than average Bank of America Mortgage Loan Officer salary ($50K)
-$9K (19%) less than average Bank of America Mortgage Loan Officer salary ($50K)
$50K JPMorgan's Average Mortgage Loan Officer Salary (36 salaries)
Equal to national average Mortgage Loan Officer salary ($50K)
-$1K (1%) less than average JPMorgan salary ($51K)
+$25K (40%) more than average JPMorgan Mortgage Loan Officer salary ($50K)
"I am good with my current pay."
+$31K (47%) more than average JPMorgan Mortgage Loan Officer salary ($50K)
-$9K (19%) less than average JPMorgan Mortgage Loan Officer salary ($50K)
$51K Fifth Third Bank's Average Mortgage Loan Officer Salary (26 salaries)
+$1K (1%) more than national average Mortgage Loan Officer salary ($50K)
+$10K (21%) more than average Fifth Third Bank salary ($41K)
-$16K (37%) less than average Fifth Third Bank Mortgage Loan Officer salary ($51K)
"They paid a fraction of what I was hired in at the next company. I believe they didn't have an interest in my career advancement nor that my earnings were sufficient."
-$6K (12%) less than average Fifth Third Bank Mortgage Loan Officer salary ($51K)
Equal to average Fifth Third Bank Mortgage Loan Officer salary ($51K)
$50K US Bank's Average Mortgage Loan Officer Salary (18 salaries)
Equal to national average Mortgage Loan Officer salary ($50K)
+$10K (22%) more than average US Bank salary ($40K)
+$5K (9%) more than average US Bank Mortgage Loan Officer salary ($50K)
"It was low for the industry. Commissions were not what other banks and brokers are paying."
+$1K (1%) more than average US Bank Mortgage Loan Officer salary ($50K)
+$1K (1%) more than average US Bank Mortgage Loan Officer salary ($50K)
$52K Huntington National Bank's Average Mortgage Loan Officer Salary (7 salaries)
+$2K (3%) more than national average Mortgage Loan Officer salary ($50K)
+$11K (23%) more than average Huntington National Bank salary ($41K)
+$8K (14%) more than average Huntington National Bank Mortgage Loan Officer salary ($52K)
"I think in the banking world it wasn't competitive as other Banks offered a lot more per loan even tiered, I worked there over the others for the sold advancment abilities that weren't real."
+$13K (22%) more than average Huntington National Bank Mortgage Loan Officer salary ($52K)
-$9K (18%) less than average Huntington National Bank Mortgage Loan Officer salary ($52K)
$55K AmeriSave's Average Mortgage Loan Officer Salary (4 salaries)
+$5K (9%) more than national average Mortgage Loan Officer salary ($50K)
+$5K (9%) more than average AmeriSave salary ($50K)
+$5K (8%) more than average AmeriSave Mortgage Loan Officer salary ($55K)
"Decent"
+$16K (25%) more than average AmeriSave Mortgage Loan Officer salary ($55K)
-$5K (9%) less than average AmeriSave Mortgage Loan Officer salary ($55K)
$41K CitiMortgage's Average Mortgage Loan Officer Salary (3 salaries)
-$9K (19%) less than national average Mortgage Loan Officer salary ($50K)
-$7K (15%) less than average CitiMortgage salary ($48K)
+$84K (101%) more than average CitiMortgage Mortgage Loan Officer salary ($41K)
"In my opinion, my salary was fair and equivalent to my hard work and drive to succeed. I always met and exceeded my performance goals, thus I feel I was paid accurately and fairly."
+$10K (21%) more than average CitiMortgage Mortgage Loan Officer salary ($41K)
-$11K (30%) less than average CitiMortgage Mortgage Loan Officer salary ($41K)
$108K Apex Lending's Average Mortgage Loan Officer Salary (2 salaries)
+$58K (73%) more than national average Mortgage Loan Officer salary ($50K)
+$48K (57%) more than average Apex Lending salary ($60K)
-$83K (124%) less than average Apex Lending Mortgage Loan Officer salary ($108K)
"The compensation doesn't align with expectations from the company or work performed. The skillset needed and licensing required for any MLO opportunity are above the minimum wage level. The commission compensation is laughable in comparison to what's being charged. This company (Apex Lending) hasn't paid me commissions earned in the amount of $7,351.13, owes me vacation pay and overtime. I wouldn't recommend this company or CEO to anyone and the rating is very POOR."
+$82K (55%) more than average Apex Lending Mortgage Loan Officer salary ($108K)
$85K Paramount Equity's Average Mortgage Loan Officer Salary (2 salaries)
+$35K (51%) more than national average Mortgage Loan Officer salary ($50K)
+$35K (51%) more than average Paramount Equity salary ($50K)
-$15K (19%) less than average Paramount Equity Mortgage Loan Officer salary ($85K)
"We are in the middle."
+$15K (16%) more than average Paramount Equity Mortgage Loan Officer salary ($85K)
Mortgage Loan Officer by State
- Arizona
- California
- Florida
- Georgia
- Illinois
- Indiana
- Kentucky
- Maryland
- Michigan
- New Jersey
- New York
- North Carolina
- Ohio
- Oregon
- Pennsylvania
- Tennessee
- Texas
- Utah
- Virginia
- Washington
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