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Mortgage Loan Officer Salary, Average Salaries | PayScale

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Job Description for Mortgage Loan Officer

The main objective of the mortgage loan officer is to increase the bank's customer base by finding and securing new customers seeking a mortgage. The mortgage loan officer is responsible for developing business relationships, soliciting mortgage customers, and handling customer screenings and loan pre-approvals. They also must...

Date: 2016-09-12 23:25:20

Loan Officer Salary - PayScale

Popular Employer Salaries for Loan Officer

Federal Credit Union, Farm Credit, Usaa Insurance, Wells Fargo & Co., and Wells Fargo Bank are all popular places to work. Loan Officers flock to Farm Credit for generous paychecks, where average earnings of $65K lead the pack in compensation; however, Farm Credit also provides employees with a wide spectrum of compensation ranging from $35K at one end to $93K at the other end.

With a median salary of only $34K (about half the top paying employer's rate), Federal Credit Union lags significantly in the earnings department.

Popular Skills for Loan Officer

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Loan Underwriter, Mortgage Salary - PayScale

Popular Employer Salaries for Loan Underwriter, Mortgage

Mortgage Loan Underwriters fill the offices of leading firms Wells Fargo Home Mortgage, J.P. Morgan Chase & Co. (JPMCC), Bank of America Corp. (BOFA), Wells Fargo & Co., and Chase Bank. The biggest paychecks can be found at Quicken Loans -- the median salary there is $82K. Other employers shelling out big bucks include Chase Bank, U.S. Bank, and J.P. Morgan Chase & Co. (JPMCC), where Mortgage Loan Underwriters typically earn around $71K, $67K, or $64K, respectively.

Workers also receive paychecks lighter than average at Wells Fargo & Co. ($52K), Bank of America Corp....

Date: 2016-09-12 23:25:20

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