Mortgage Loan Originator Salary
| Annual Salary | Monthly Pay | Weekly Pay | Hourly Wage | |
|---|---|---|---|---|
| Top Earners | $141,000 | $11,750 | $2,711 | $68 |
| 75th Percentile | $100,000 | $8,333 | $1,923 | $48 |
| Average | $74,838 | $6,236 | $1,439 | $36 |
| 25th Percentile | $30,000 | $2,500 | $576 | $14 |
As of May 10, 2021, the average annual pay for a Mortgage Loan Originator in the United States is $74,838 a year.
Just in case you need a simple salary calculator, that works out to be approximately $35.98 an hour. This is the equivalent of $1,439/week or $6,236/month.
While ZipRecruiter is seeing annual salaries as high as $202,500 and as low as $15,500, the majority of Mortgage Loan Originator salaries currently range between $30,000 (25th percentile) to $100,000 (75th percentile) with top earners (90th percentile) making $141,000 annually across the United States. The average pay range for a Mortgage Loan Originator varies greatly (by as much as $70,000), which suggests there may be many opportunities for advancement and increased pay based on skill level, location and years of experience.
Based on recent job postings on ZipRecruiter, the Mortgage Loan Originator job market in both Ashburn, VA and the surrounding area is very active. A Mortgage Loan Originator in your area makes on average $75,865 per year, or $1,027 (1%) more than the national average annual salary of $74,838. Virginia ranks number 7 out of 50 states nationwide for Mortgage Loan Originator salaries.
To estimate the most accurate annual salary range for Mortgage Loan Originator jobs, ZipRecruiter continuously scans its database of millions of active jobs published locally throughout America.
Find your next high paying job as a Mortgage Loan Originator on ZipRecruiter today.
Top 10 Highest Paying Cities for Mortgage Loan Originator Jobs
We’ve identified 10 cities where the typical salary for a Mortgage Loan Originator job is above the national average. Topping the list is San Mateo, CA, with Berkeley, CA and Daly City, CA close behind in the second and third positions. Daly City, CA beats the national average by $14,051 (18.8%), and San Mateo, CA furthers that trend with another $17,427 (23.3%) above the $74,838 average.
Importantly, San Mateo, CA has a moderately active Mortgage Loan Originator job market with only a few companies currently hiring for this type of role.
With these 10 cities having average salaries higher than the national average, the opportunities for economic advancement by changing locations as a Mortgage Loan Originator appears to be exceedingly fruitful.
Finally, another factor to consider is the average salary for these top ten cities varies very little at 11% between San Mateo, CA and Knik-Fairview, AK, reinforcing the limited potential for much wage advancement. The possibility of a lower cost of living may be the best factor to use when considering location and salary for a Mortgage Loan Originator role.
| City | Annual Salary | Monthly Pay | Weekly Pay | Hourly Wage |
|---|---|---|---|---|
| San Mateo, CA | $92,266 | $7,689 | $1,774 | $44.36 |
| Berkeley, CA | $89,138 | $7,428 | $1,714 | $42.85 |
| Daly City, CA | $88,889 | $7,407 | $1,709 | $42.74 |
| Richmond, CA | $86,560 | $7,213 | $1,665 | $41.62 |
| Stamford, CT | $84,287 | $7,024 | $1,621 | $40.52 |
| Bellevue, WA | $84,058 | $7,005 | $1,616 | $40.41 |
| San Francisco, CA | $83,332 | $6,944 | $1,603 | $40.06 |
| Brooklyn, NY | $82,759 | $6,897 | $1,592 | $39.79 |
| Lakes, AK | $82,417 | $6,868 | $1,585 | $39.62 |
| Knik-Fairview, AK | $82,313 | $6,859 | $1,583 | $39.57 |
Top 5 Best Paying Related Mortgage Loan Originator Jobs in the U.S.
We found at least five jobs related to the Mortgage Loan Originator job category that pay more per year than a typical Mortgage Loan Originator salary. Top examples of these roles include: Senior Mortgage Loan Originator, Locum Tenens Mortgage Loan Originator, and Locum Tenens Mortgage Loan Officer.
Importantly, all of these jobs are paid between $14,665 (19.6%) and $60,019 (80.2%) more than the average Mortgage Loan Originator salary of $74,838. If you’re qualified, getting hired for one of these related Mortgage Loan Originator jobs may help you make more money than that of the average Mortgage Loan Originator position.
| Job Title | Annual Salary | Monthly Pay | Weekly Pay | Hourly Wage |
|---|---|---|---|---|
| Senior Mortgage Loan Originator | $134,857 | $11,238 | $2,593 | $64.84 |
| Locum Tenens Mortgage Loan Originator | $101,152 | $8,429 | $1,945 | $48.63 |
| Locum Tenens Mortgage Loan Officer | $98,418 | $8,202 | $1,893 | $47.32 |
| Vice President Mortgage Loan Originator | $89,503 | $7,459 | $1,721 | $43.03 |
| VP Mortgage Loan Originator | $89,503 | $7,459 | $1,721 | $43.03 |
