How Much Do Loan Officers Make

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How much do loan officers make. The national average salary for a loan officer is 45 327 in united states. For example someone who works for a small company with little support may get 1 to 2 percent of the loan amount. How mortgage loan officers get paid.

The average loan officer salary in the united states is 66 936 as of september 25 2020 but the salary range typically falls between 58 545 and 75 905 salary ranges can vary widely depending on many important factors including education certifications additional skills the number of years you have spent in your profession. How much does a loan officer make. Loan officers don t have to tell you how much they make on your loan.

Salary estimates are based on 2 313 salaries submitted anonymously to glassdoor by loan officer employees. Generally the more work you have to do to generate clients on your own the higher your commission. Loan officers themselves often make between 1 and 2 of your loan amount.

What the lender does have to disclose though is the yield spread or the amount a bank pays a broker assuming you use one. How much does a loan officer make. The best paid 25 percent made 92 240 that year while the lowest paid 25 percent made 44 500.

Loan officers made a median salary of 63 040 in 2018.