How much does a Mortgage Loan Originator make?
A Mortgage Loan Originator helps people apply for home loans. This job can be very rewarding. The salary for a Mortgage Loan Originator can vary. Most earn between $30,000 and $143,000 each year. The average yearly salary is around $77,500. This means that many people in this job make a good living.
Several factors can affect how much a Mortgage Loan Originator earns. These include experience, location, and the company they work for. Those with more experience often earn more. People in big cities usually make more than those in smaller towns. Some companies offer higher salaries and better benefits. Being good at sales and understanding loans can also lead to higher pay. This job offers many opportunities for growth and higher earnings.
What are the highest paying cities for a Mortgage Loan Originator?

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Atlanta, GA
Average Salary: $200,498
Atlanta offers a dynamic environment for those in the mortgage industry. With a growing population and diverse economy, professionals find ample opportunities. Companies like SunTrust and Chase provide strong support and resources.
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Miami, FL
Average Salary: $178,501
Miami's vibrant market makes it an exciting place for mortgage professionals. The city's diverse population and strong real estate sector create many opportunities. Firms like Wells Fargo and Bank of America are prominent here.
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Tucson, AZ
Average Salary: $161,996
Tucson provides a stable market for mortgage professionals. The city's steady growth and strong community ties offer a supportive environment. Local banks and national lenders like Chase are key players.
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Columbus, OH
Average Salary: $156,280
Columbus offers a balanced market for mortgage professionals. The city's growing economy and diverse industries provide many opportunities. Companies like Huntington Bank and Chase Bank are well-established here.
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Philadelphia, PA
Average Salary: $134,009
Philadelphia's rich history and diverse economy make it a great place for mortgage professionals. The city's strong real estate market offers many opportunities. Banks like Wells Fargo and Chase are prominent here.
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San Diego, CA
Average Salary: $132,982
San Diego's sunny climate and strong economy create a vibrant environment for mortgage professionals. The city's diverse industries and growing population offer many opportunities. Companies like Chase Bank and Wells Fargo are key players.
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Charlotte, NC
Average Salary: $127,112
Charlotte offers a thriving market for mortgage professionals. The city's strong financial sector and growing population create many opportunities. Banks like Wells Fargo and Chase are major employers.
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Omaha, NE
Average Salary: $122,286
Omaha provides a stable and supportive environment for mortgage professionals. The city's strong economy and community focus offer many opportunities. Local banks and national lenders like Chase are key players.
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Austin, TX
Average Salary: $121,513
Austin's vibrant and growing market makes it an exciting place for mortgage professionals. The city's strong tech industry and diverse population create many opportunities. Companies like Chase Bank and Wells Fargo are prominent here.
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San Antonio, TX
Average Salary: $112,589
San Antonio offers a dynamic environment for mortgage professionals. The city's strong economy and diverse industries provide many opportunities. Banks like Chase Bank and Wells Fargo are well-established here.
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What are the best companies a Mortgage Loan Originator can work for?

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Loan Leaders of America
Average Salary: $172,736
Loan Leaders of America offers top-tier compensation for Mortgage Loan Originators. They operate nationwide, providing opportunities for professionals to work in various locations. Their focus on high earnings and career growth makes them a top choice for many.
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Reliance First Capital
Average Salary: $103,636
Reliance First Capital provides competitive salaries for Mortgage Loan Originators. They serve clients in multiple states, offering a dynamic work environment. Their commitment to employee satisfaction and professional development is well-regarded.
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Wells Fargo
Average Salary: $54,364
Wells Fargo is one of the largest financial institutions in the U.S., offering solid salaries for Mortgage Loan Originators. They have branches across the country, providing diverse opportunities. Their comprehensive benefits and career advancement options are attractive to many.
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Navy Federal Credit Union
Average Salary: $49,500
Navy Federal Credit Union offers a good salary for Mortgage Loan Originators. They serve members of the military community and their families. Their supportive work culture and benefits make them a respected employer.
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U.S. Bank
Average Salary: $49,135
U.S. Bank provides a competitive salary for Mortgage Loan Originators. They have a widespread presence across the U.S. Their focus on employee development and career growth opportunities is notable.
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Midland States Bank
Average Salary: $48,500
Midland States Bank offers a solid salary for Mortgage Loan Originators. They operate in several states, providing a range of opportunities. Their commitment to employee well-being and professional development is commendable.
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First Citizens Bank
Average Salary: $47,443
First Citizens Bank provides a good salary for Mortgage Loan Originators. They serve customers in various regions. Their supportive work environment and career growth opportunities are well-regarded.
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Bellwether Community Credit Union
Average Salary: $40,000
Bellwether Community Credit Union offers a fair salary for Mortgage Loan Originators. They focus on community service and employee satisfaction. Their benefits and work culture are attractive to many.
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Michigan Schools & Government Credit Union
Average Salary: $38,500
Michigan Schools & Government Credit Union provides a decent salary for Mortgage Loan Originators. They serve the educational and government sectors. Their supportive work environment and benefits are valued by employees.
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Mutual of Omaha Mortgage
Average Salary: $36,625
Mutual of Omaha Mortgage offers a competitive salary for Mortgage Loan Originators. They have a strong presence in the mortgage industry. Their focus on employee development and career advancement is notable.
How to earn more as a Mortgage Loan Originator?
Becoming a successful Mortgage Loan Originator (MLO) involves more than just securing a job. It requires dedication, skill, and a strategic approach to maximize earnings. Aspiring MLOs can significantly increase their income by focusing on key areas that drive success. These factors include building a strong network, enhancing customer service skills, staying updated on industry trends, increasing productivity, and leveraging technology effectively.
First, building a robust network is crucial. Connecting with real estate agents, financial advisors, and other industry professionals can lead to more referrals and higher sales. Second, excellent customer service skills help in understanding clients' needs and providing tailored solutions, which can lead to repeat business and higher commissions. Third, staying updated on industry trends ensures that MLOs can offer the best products and services, keeping them competitive. Fourth, increasing productivity by managing time efficiently and closing more deals can directly boost earnings. Lastly, leveraging technology such as loan processing software and digital marketing tools can streamline operations and attract more clients.
Here are five key factors to consider:
- Build a strong network
- Enhance customer service skills
- Stay updated on industry trends
- Increase productivity
- Leverage technology effectively



