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 $68,866 per year in Chicago, IL.

Graph depicting the yearly salary distribution for Mortgage Loan Originator jobs in Chicago, IL, showing an average salary of $68,866 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 $5,739 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 $1,324 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 $33 with varying distribution percentages across salary ranges.

A Mortgage Loan Originator in Chicago, IL, can expect to earn a competitive salary. On average, these professionals make about $68,866 each year. This amount can vary based on experience, skills, and the specific company they work for.

Here are some details about the salary range for Mortgage Loan Originators in Chicago, IL:

10% of professionals earn less than $55,636 per year.
25% of professionals earn between $55,636 and $80,073 per year.
50% of professionals earn between $80,073 and $104,509 per year.
75% of professionals earn between $104,509 and $128,945 per year.
90% of professionals earn less than $177,818 per year.

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

Orland Park, IL, boasts the highest average salary for Mortgage Loan Originators near Chicago, at around $116,000. This city offers competitive pay and a thriving job market. Rockford and Joliet also present good opportunities, with average salaries of $78,232 and $48,500 respectively. These cities provide a range of options for those looking to advance their career in mortgage lending. Whether seeking higher compensation or a more balanced lifestyle, these locations offer attractive benefits and potential for growth.

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
Working as a lending professional in Orland Park offers stability and growth. The local market provides numerous opportunities for building strong client relationships. Companies like Chase and PNC Bank often seek skilled loan officers.
Find Mortgage Loan Originator jobs in Orland Park, IL
Rockford, IL
Average Salary: $78,232
Rockford presents a balanced work environment with competitive compensation. This city allows lending professionals to serve a diverse range of clients. Local firms like First National Bank look for dedicated loan officers.
Find Mortgage Loan Originator jobs in Rockford, IL
Joliet, IL
Average Salary: $48,500
In Joliet, lending professionals find a community-oriented market. This city offers a mix of traditional and modern opportunities. Companies such as Bank of America and Wells Fargo actively seek knowledgeable loan officers.
Find Mortgage Loan Originator jobs in Joliet, IL

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

Job seekers can find top-paying opportunities with U.S. Bank, Devon Bank, and Lakeside Bank in Chicago. These institutions offer competitive salaries for Mortgage Loan Originators, with U.S. Bank leading the way at $49,253 per year. Devon Bank and Lakeside Bank follow closely with average salaries of $46,500 and $31,200, respectively.

Graph displaying best paying company salaries for Mortgage Loan Originator jobs in Chicago, IL, highlighting U.S. Bank with the highest at $49,253 and Lakeside Bank with the lowest at $31,200.

U.S. Bank
Average Salary: $49,253
U.S. Bank offers competitive salaries for Mortgage Loan Originators in Chicago, IL. They provide a robust training program and resources to help their loan officers succeed. U.S. Bank operates several branches in the Chicago area, making it easy to find a job nearby.
Devon Bank
Average Salary: $46,500
Devon Bank pays its Mortgage Loan Originators an average salary of $46,500 in Chicago, IL. They focus on personalized customer service and have a strong community presence. Devon Bank has branches throughout Chicago, offering convenient job locations.
Lakeside Bank
Average Salary: $31,200
Lakeside Bank offers a lower average salary for Mortgage Loan Originators at $31,200 in Chicago, IL. They provide opportunities for growth and development, with branches in various parts of the city. This makes it easier for job seekers to find a location that fits their needs.

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

Job seekers in Chicago, IL, should consider roles such as Commercial Loan Officers who average $150,669 annually. These roles offer high earning potential and often work closely with clients to provide tailored loan solutions. Finance Managers also earn well, with an average salary of $132,917, as they oversee financial strategies for organizations, ensuring profitability and stability.

Graph displaying best paying related job salaries for Mortgage Loan Originator jobs near Chicago, IL, highlighting Commercial Loan Officer with the highest at $150,669 and Financial Advisor with the lowest at $97,711.

Commercial Loan Officer
Average Salary: $150,669
This role involves assessing and approving loan requests for businesses. People in this position must have strong communication skills. They often work with banks and credit unions to help companies secure funding.
Find Commercial Loan Officer jobs in Chicago, IL
Appraiser
Average Salary: $144,332
This position requires evaluating the value of properties. Individuals in this role visit properties and analyze market conditions. They prepare detailed reports for lenders to use in their decision-making process.
Find Appraiser jobs in Chicago, IL
Finance Manager
Average Salary: $132,917
In this role, managing financial operations is key. This involves budgeting, reporting, and analyzing financial data. Companies often look for candidates who can guide them towards financial stability and growth.
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Compliance Officer
Average Salary: $129,010
This role ensures that companies follow legal and regulatory standards. They review documents, create policies, and conduct training sessions. Companies aim to minimize legal risks through their efforts.
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Credit Counselor
Average Salary: $114,790
This position helps individuals manage their debt and credit. Counselors meet with clients to develop repayment plans. They often work with financial institutions to provide education and guidance.
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Underwriter
Average Salary: $112,013
Underwriters assess the risk of lending money to someone. They review applications and decide if a loan should be approved. Companies rely on underwriters to make informed decisions to protect their financial interests.
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Funding Specialist
Average Salary: $106,324
This role focuses on securing funds for various projects. Specialists work with investors and financial institutions. They create proposals and negotiate terms to ensure the project gets the necessary funding.
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Risk Analyst
Average Salary: $98,624
Risk analysts evaluate potential risks in financial decisions. They analyze data and prepare reports. Companies depend on their insights to make sound investment choices and protect their assets.
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Real Estate Appraiser
Average Salary: $98,582
This role involves determining the market value of properties. Appraisers visit homes and analyze similar sales. Their assessments help lenders and buyers make informed decisions.
Find Real Estate Appraiser jobs in Chicago, IL
Financial Advisor
Average Salary: $97,711
Financial advisors offer guidance on investments, retirement plans, and savings. They build relationships with clients to understand their goals. Companies often look for advisors who can help clients achieve financial stability.
Find Financial Advisor 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 446 Mortgage Loan Originator job openings, nationwide.

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

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