How much do mortgage loan officers make?

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  • December 24, 2023 at 3:41 pm #28622
    Geoff Massanek
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    December 24, 2023 at 3:44 pm #28634
    Team StellarFi
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    According to ZipRecruiter, the average hourly pay for a mortgage loan officer as of November 30 is $38.38 an hour. The wages have been known to go as high as $65.14 and as low as $11.06 as well. 

    A mortgage loan officer generally works with a financial institution to help borrowers get a mortgage or refinance loan. They are in charge of meeting with clients, completing loan applications, and approving, or denying them. The salary of a mortgage loan officer includes base pay plus commission. Other benefits include job security and competitive pay as per experience. Financial institutions also offer them attractive medical, dental, and life insurance plans along with retirement plans.

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StellarFinance, Inc. and its affiliates do not provide tax, legal or accounting advice. This material has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for, tax, legal or accounting advice. You should consult your own tax, legal and accounting advisors before engaging in any transaction.

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