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... * Entry-level experience in mortgage loan origination * High school diploma or equivalent * Active NMLS License * Knowledge of mortgage underwriting principles

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How much do entry level nmls license required jobs pay per hour?

As of Sep 2, 2026, the average hourly pay for entry level nmls license required in the United States is $26.73, according to ZipRecruiter salary data. Most workers in this role earn between $17.07 and $23.08 per hour, depending on experience, location, and employer.

What is the difference between Entry Level Nmls License Required vs Mortgage Loan Processor?

AspectEntry Level Nmls License RequiredMortgage Loan Processor
Required CredentialsNMLS license, basic industry knowledgeTypically no license, but knowledge of loan documents needed
Work EnvironmentLoan origination, sales-focusedProcessing and verifying loan documents
Employer & Industry UsageMortgage lenders, brokersMortgage lenders, banks, brokers
Common Search & ComparisonYesNo

The main difference is that Entry Level Nmls License Required roles involve originating loans and require an NMLS license, while Mortgage Loan Processors focus on verifying and processing loan documents without needing a license. Both roles are essential in the mortgage industry but serve different functions.

What type of jobs require an entry level NMLS license?

Entry level jobs that require an NMLS license typically include mortgage loan originators, loan officers, and mortgage brokers. These roles involve working with clients to originate or process mortgage loans and require knowledge of federal and state regulations, as well as passing the NMLS exam and background checks.
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Infographic showing various Entry Level Nmls License Required job openings in the United States as of August 2026, with employment types broken down into 100% Full Time. Highlights an 83% In-person, and 17% Remote job distribution, with an average salary of $55,594 per year, or $26.7 per hour.

Licensed Mortgage Loan Officer (1+ year required)

Perry Johnson Mortgage Company

Troy, MI

$100K - $600K/yr

Full-time

Medical, Dental, Vision, Life, Retirement

Re-posted 2 days ago


Job description

Job Openings >> Licensed Mortgage Loan Officer (1+ year required)
Licensed Mortgage Loan Officer (1+ year required)
Summary
Title: Licensed Mortgage Loan Officer (1+ year required) ID: 3002 Location: Troy, MI Department: Sales
More about this job >
Description

Responsibilities:
- Evaluate loan applications and determine the creditworthiness of applicants
- Conduct thorough financial analysis and assess the risk associated with each loan application
- Negotiate loan terms and conditions with clients to ensure mutually beneficial agreements
- Collaborate with clients to gather necessary financial documents and information for loan processing
- Utilize loan origination software, such as Quicken, to streamline the application and approval process
- Perform credit analysis to assess the likelihood of repayment and adherence to TILA regulations
- Maintain accurate records of loan applications, approvals, and denials
- Collaborate with underwriters and other team members to ensure smooth loan processing
- Stay up-to-date with industry trends, regulations, and best practices in loan origination
- Work with partner lenders such as Rocket, AmeriSave, Loan Depot, PennyMac, etc.

Qualifications:
- Proven experience in financial sales or a related field
- NMLS license required
- Strong knowledge of loan origination processes and procedures
- Familiarity with accounting software for financial analysis purposes
- Excellent negotiation skills to secure favorable terms for both the client and the bank
- Ability to analyze creditworthiness and assess risk accurately
- Strong attention to detail and ability to work in a fast-paced environment
- Excellent communication skills, both written and verbal
- Ability to build rapport with clients and provide exceptional customer service

Please note that this job description is not exhaustive and additional responsibilities may be assigned as needed.

Job Type: Full-time

Pay: $100,000.00 - $600,000.00 per year

Benefits:

  • 401(k)
  • Dental insurance
  • Health insurance
  • Life insurance
  • Vision insurance

Schedule:

  • 8-hour shift
  • Monday to Friday

Pay types:

  • Base Pay
  • Commission pay
  • Bonus Pay

License/Certification:

  • MLO License (Required)

Ability to Commute:

  • Troy, MI 48084 (Required)

Work Location: In person

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