How Much Do Mortgage Loan Originators Make?

Having a clear understanding of earnings potential is important, especially if you are researching career paths or considering changing jobs. If you're one of those people, and you're curious what kind of salary mortgage loan originators make, you've come to the right place.

Using data from Lightcast,™ the Best Adult Colleges and Careers Guide has compiled rich information about salary for mortgage loan originators and related jobs, including details about average compensation, salary trends and job growth. We've also gathered advertised salaries from actual job postings to provide insight into what employers of mortgage loan originators are offering as compensation.

Keep reading to learn more about how much mortgage loan originators can expect to make in the United States.

At a Glance: Salary & Jobs for Mortgage Loan Originators

According to data from 2023, there were about 321,457 positions for mortgage loan originators in the United States. In terms of salary, the national median salary for mortgage loan originators was reported to be $69,992. Additionally, when examining job demand, employers across the country posted 60,182 job postings related to positions for mortgage loan originators.

How Much Money Do Mortgage Loan Originators Make?

Median salary is just one data point. To build a better understanding of how much money mortgage loan originators and related positions can expect to make in the United States, it can be helpful to look at the full range of compensation for those jobs.

Let's look more deeply at data that was reported to the U.S. Bureau of Labor Statistics (BLS) for detail into the lowest and highest salary earnings for mortgage loan originators.

Annual Salary for Mortgage Loan Originators

According to the BLS, the lowest earners for mortgage loan originators and related professions earned about $37,024 per year in 2023. Meanwhile, at the other end of the spectrum, the highest earners made about $139,464 annually.

As mentioned previously, the median salary for mortgage loan originators in the United States in 2023 was $69,992.

Hourly Salary for Mortgage Loan Originators

The BLS also breaks down compensation for mortgage loan originators by hourly salary, and the median average hourly pay for mortgage loan originators in 2023 was $34. Lowest hourly earners took home $18 while the highest reported hourly salaries for mortgage loan originators was $67.

Advertised Compensation for Mortgage Loan Originators

Data from the BLS is one way to dig into compensation for mortgage loan originators, but another way to build a more real-time understanding of salary is to look at actual job postings and see what compensation organizations are currently providing to fill open positions for mortgage loan originators.

Keep in mind that salary data is not included in every job posting, so the information compiled here is reflective of the data available through Lightcast.™

Annual Salary from Job Postings for Mortgage Loan Originators

During a review of 53,296 job postings related to mortgage loan originators, advertised salary was included in 19,516 of them, which was 37%. Based on those postings, the median advertised salary for mortgage loan originators was $65,408 per year.

Hourly Salary from Job Postings for Mortgage Loan Originators

A similar analysis of job postings provides insight into advertised hourly salary for mortgage loan originators. Based on 32% of postings with advertised compensation, the median hourly salary for open positions for mortgage loan originators in the United States is about $31.

Salary Trend for Mortgage Loan Originators

If you're thinking about pursuing a career in the field, you may want to understand how compensation has changed over time for mortgage loan originators. The chart below provides a snapshot of advertised salaries over the past three years.

Based on compensation data that was included in job postings for mortgage loan originators dating back to September 2020, advertised salaries for mortgage loan originators have decreased 35%.

What's the Job Growth for Mortgage Loan Originators?

Another data point that someone thinking about a career path should consider is whether or not jobs are expected to see growth in the future. The chart below looks at projected employment for mortgage loan originators over the next 10 years.

According to the data obtained through Lightcast,™ there were 321,905 jobs for mortgage loan originators in the United States in 2023. By 2033, it is expected that about 17,193 jobs will be added. That's a 5.3% increase over the next 10-year period.

Additional Links

Ready to dig deeper into career information about mortgage loan originators? Visit our other pages focused on salary and education for mortgage loan originators.

What do mortgage loan originators do?
Mortgage Loan Originators: How do you become one?

All Occupations

The Best Adult Colleges and Careers Guide has compiled data for dozens of in-demand jobs. Explore our full catalog of occupation data by visiting the link below.

View Other Occupations