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Often mortgage loan officers must seek out clients which requires developing relationships with real estate companies and other sources that can refer prospective applicants. Mortgage loan officers specialize in loans used to buy real estate property and buildings which are called mortgage loans. The average mortgage loan officer salary in usa is 100000 per year or 5128 per hour.
mortgage loan officer salary

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The average mortgage loan officer i salary in vermont is 42307 as of november 25 2020 but the range typically falls between 34584 and 51468.

Good office plants. This is the equivalent of 1418week or 6146month. Connecticut beats the national average by 63 and massachusetts furthers that trend with another 5884 80 above the 73756. Salary ranges can vary widely depending on the city and many other important factors including education certifications additional skills the number of years you have spent in your profession.

The national average salary for a mortgage loan officer is 40598 in united states. Mortgage loan officers work on loans for both residential and commercial properties. Navy federal credit union mortgage loan officer salaries 3 salaries reported.

Pnc financial services group mortgage loan officer salaries 3 salaries reported. These financial professionals must have a bachelors degree and increasingly a masters degree in a. How much does a mortgage loan officer make.

Weve identified ten states where the typical salary for a mortgage loan officer job is above the national average. American advisors group mortgage loan officer salaries 3 salaries reported. See mortgage loan officer salaries in your area.

An entry level mortgage loan officer with less than 1 year experience can expect to earn an average total compensation includes tips bonus and overtime pay of 36588 based on 43 salaries. Just in case you need a simple salary calculator that works out to be approximately 3546 an hour. Entry level positions start at 30000 per year while most experienced workers make up to 170000 per year.

The total cash compensation which includes base and annual incentives can vary anywhere from 56377 to 113009 with the average total cash compensation of 78860. Topping the list is massachusetts with hawaii and connecticut close behind in second and third. The base salary for mortgage loan officer i ranges from 35913 to 53446 with the average base salary of 43932.

Filter by location to. As of dec 10 2020 the average annual pay for a mortgage loan officer in the united states is 73756 a year.

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