Mortgage Loan Originator Salaries & Top Paying Companies in Chicago, IL

Position

City

Salary

How much does a Mortgage Loan Originator make in Chicago, IL?

The average salary for a Mortgage Loan Originator is $82,212 per year in Chicago, IL.

Graph depicting the yearly salary distribution for Mortgage Loan Originator jobs in Chicago, IL, showing an average salary of $82,212 with varying distribution percentages across salary ranges.

Graph depicting the monthly salary distribution for Mortgage Loan Originator jobs in Chicago, IL, showing an average salary of $6,851 with varying distribution percentages across salary ranges.

Graph depicting the weekly salary distribution for Mortgage Loan Originator jobs in Chicago, IL, showing an average salary of $1,581 with varying distribution percentages across salary ranges.

Graph depicting the hourly salary distribution for Mortgage Loan Originator jobs in Chicago, IL, showing an average salary of $40 with varying distribution percentages across salary ranges.

A Mortgage Loan Originator in Chicago, IL, earns an average yearly salary of $82,212. This salary can vary based on experience, skills, and the specific company. Many professionals in this field find that their earnings can increase with time and additional certifications.

The salary range for Mortgage Loan Originators in Chicago can be quite broad. The lowest-paid 10% earn around $31,200 annually, while the top 10% earn over $275,000. This wide range reflects the potential for significant income growth in this career. Factors that can influence salary include the number of loans processed, the size of the loans, and the ability to attract clients. Many successful originators also earn bonuses and commissions, which can add to their overall income.

What are the highest paying cities for a Mortgage Loan Originator near Chicago, IL?

Job seekers looking for Mortgage Loan Originator roles near Chicago, IL, will find competitive salaries in several nearby cities. Orland Park, IL, stands out with an average salary of $116,000. Rockford, IL, offers a solid average of $74,873. Aurora, IL, and Joliet, IL, also provide attractive opportunities with average salaries of $74,790 and $48,500, respectively. These figures highlight the potential for higher earnings in these areas.

Graph displaying highest paying cities salaries for Mortgage Loan Originator jobs near Chicago, IL, highlighting Orland Park, IL with the highest at $116,000 and Joliet, IL with the lowest at $48,500.

Orland Park, IL
Average Salary: $116,000
In Orland Park, a thriving community, you can find many opportunities to help people with their home financing needs. The area has several well-known companies where you can work. These companies offer a supportive environment and chances to grow your career.
Find Mortgage Loan Originator jobs in Orland Park, IL
Rockford, IL
Average Salary: $74,873
Rockford offers a mix of urban and suburban settings, making it a great place to work in the mortgage industry. Here, you can find many companies that value skilled professionals. Working in Rockford means you can help people with their home loans while enjoying a balanced lifestyle.
Find Mortgage Loan Originator jobs in Rockford, IL
Aurora, IL
Average Salary: $74,790
Aurora is a bustling city with many opportunities for those in the mortgage field. The area has several large companies that are leaders in the industry. Working in Aurora allows you to make a real difference in people's lives by helping them secure their home loans.
Find Mortgage Loan Originator jobs in Aurora, IL
Joliet, IL
Average Salary: $48,500
Joliet provides a welcoming environment for mortgage professionals. The city has many companies that offer competitive salaries and benefits. Working in Joliet means you can assist people with their home financing needs in a dynamic and supportive setting.
Find Mortgage Loan Originator jobs in Joliet, IL

What are the best paying companies for a Mortgage Loan Originator in Chicago, IL?

U.S. Bank offers the highest average salary for Mortgage Loan Originators in Chicago, IL, at $48,595. Devon Bank follows closely with an average salary of $46,500. Lakeside Bank provides a competitive salary of $31,200 for this role. These companies provide attractive compensation packages for those in the mortgage industry.

Graph displaying best paying company salaries for Mortgage Loan Originator jobs in Chicago, IL, highlighting U.S. Bank with the highest at $48,595 and Lakeside Bank with the lowest at $31,200.

U.S. Bank
Average Salary: $48,595
U.S. Bank offers competitive salaries for Mortgage Loan Originators. They provide comprehensive training and support. The company operates multiple branches across Chicago, including downtown and the suburbs.
Devon Bank
Average Salary: $46,500
Devon Bank offers a solid salary for Mortgage Loan Originators. They focus on customer service and have a strong presence in Chicago. Locations include the Loop, River North, and the North Side.
Lakeside Bank
Average Salary: $31,200
Lakeside Bank provides a good opportunity for Mortgage Loan Originators. They offer a supportive work environment and have branches in various parts of Chicago, including Lakeview and Lincoln Park.

What are the best paying Mortgage Loan Originator related jobs in Chicago, IL?

Job seekers in Chicago, IL, looking to explore high-paying roles related to Mortgage Loan Originator jobs can consider positions such as Commercial Loan Officer and Appraiser. These roles offer competitive salaries, with Commercial Loan Officers earning an average of $146,900 and Appraisers making around $140,444 annually. Finance Managers, Compliance Officers, and Eligibility Consultants also provide attractive compensation packages, making them viable career paths.

Graph displaying best paying related job salaries for Mortgage Loan Originator jobs near Chicago, IL, highlighting Commercial Loan Officer with the highest at $146,900 and Real Estate Appraiser with the lowest at $94,278.

Commercial Loan Officer
Average Salary: $146,900
This role involves working with businesses to secure loans. It requires a strong understanding of commercial finance. Companies like JPMorgan Chase and Bank of America offer these positions. They value candidates who can assess business credit and market conditions.
Find Commercial Loan Officer jobs in Chicago, IL
Appraiser
Average Salary: $140,444
Appraisers evaluate property values. They work with lenders to ensure loans are backed by accurate property assessments. Firms such as Keller Williams and CBRE hire appraisers. They seek professionals who can provide detailed property reports and market analysis.
Find Appraiser jobs in Chicago, IL
Finance Manager
Average Salary: $128,705
Finance managers oversee financial operations. They ensure that financial strategies align with business goals. Companies like Goldman Sachs and Deloitte offer these roles. They look for candidates with strong analytical skills and financial planning experience.
Find Finance Manager jobs in Chicago, IL
Compliance Officer
Average Salary: $123,712
Compliance officers ensure that companies follow financial regulations. They work closely with loan departments to maintain legal standards. Banks such as Wells Fargo and Citibank hire compliance officers. They value individuals who can interpret and enforce financial laws.
Find Compliance Officer jobs in Chicago, IL
Eligibility Consultant
Average Salary: $116,500
Eligibility consultants help clients understand their loan options. They assess clients' financial situations to determine loan eligibility. Firms like Chase and PNC Bank offer these positions. They seek professionals who can communicate complex financial information clearly.
Find Eligibility Consultant jobs in Chicago, IL
Underwriter
Average Salary: $113,723
Underwriters evaluate loan applications. They assess the risk of lending money to clients. Companies such as State Farm and Allstate hire underwriters. They look for candidates with strong analytical skills and attention to detail.
Find Underwriter jobs in Chicago, IL
Credit Analyst
Average Salary: $99,532
Credit analysts review credit reports. They assess the creditworthiness of loan applicants. Banks like Bank of America and Citibank offer these roles. They seek professionals who can analyze financial data and make informed decisions.
Find Credit Analyst jobs in Chicago, IL
Funding Specialist
Average Salary: $98,512
Funding specialists handle the paperwork for loan approvals. They ensure all documents are in order before a loan is finalized. Companies such as JPMorgan Chase and Goldman Sachs hire funding specialists. They value individuals who can manage detailed and precise tasks.
Find Funding Specialist jobs in Chicago, IL
Risk Analyst
Average Salary: $97,670
Risk analysts evaluate potential risks in loan applications. They help companies make informed lending decisions. Firms like Moody's and S&P Global hire risk analysts. They seek professionals who can analyze data and predict financial risks.
Find Risk Analyst jobs in Chicago, IL
Real Estate Appraiser
Average Salary: $94,278
Real estate appraisers assess property values. They provide detailed reports to support loan applications. Companies such as Cushman & Wakefield and Marcus & Millichap hire real estate appraisers. They look for candidates with strong market knowledge and analytical skills.
Find Real Estate Appraiser jobs in Chicago, IL

Mortgage Loan Originator Salary in Chicago, IL

How much does a Mortgage Loan Originator make in Chicago, IL?

What are the highest paying cities for a Mortgage Loan Originator near Chicago, IL?

What are the best paying companies for a Mortgage Loan Originator in Chicago, IL?

Currently 440 Mortgage Loan Originator job openings, nationwide.

How's the job market for a Mortgage Loan Originator in the US?

Win at hiring.