How much does a Mortgage Loan Officer make in the United States?

Responsible for soliciting and developing residential mortgage loans. Interviews applicants, collects financial data and documents, and recommends loan products that best meet the borrower's needs. Assists buyers in the purchase process through closing. Ensures compliance with regulatory requirements and organizational standards. Requires a bachelor's degree. Typically reports to a manager. Work is generally independent and collaborative in nature. Contributes to moderately complex aspects of a project. Typically requires 4-7 years of related experience. View Mortgage Loan Officer III Salary

Responsible for soliciting and developing residential mortgage loans. Interviews applicants, collects financial data and documents, and recommends loan products that best meet the borrower's needs. Assists buyers in the purchase process through closing. Ensures compliance with regulatory requirements and organizational standards. Requires a bachelor's degree. Typically reports to a manager. Work is closely managed. Works on projects/matters of limited complexity in a support role. Typically requires 0-2 years of related experience. View Mortgage Loan Officer I Salary

Underwrites mortgage loan applications and evaluates loans in order to maximize organizational profit and minimize risk or loss. Monitors property appraisal process. Assesses risks to determine approval status. May require a bachelor's degree. Typically reports to a supervisor or manager. Gains exposure to some of the complex tasks within the job function. Occasionally directed in several aspects of the work. Typically requires 2 to 4 years of related experience. View Mortgage Underwriter II Salary

Performs administrative and operational activities to support the disbursement and funding of approved mortgage loans. Reviews closing packages to verify that required documents, signatures, and approvals are complete before funds are released. Coordinates with closing agents, title companies, and internal loan operations teams to ensure funding conditions are satisfied. Processes wire transfers and disbursement transactions according to approved funding instructions and bank procedures. Maintains accurate funding records and updates loan systems to reflect funding status. Supports compliance and audit requirements by ensuring mortgage funding activities follow regulatory and internal control standards. Requires a high school diploma. Typically reports to a supervisor. Works under the close direction of senior personnel in the functional area. Possesses a moderate understanding of general aspects of the job. May require 0-1 year of general work experience. View Mortgage Loan Funding Clerk Salary

Manages the mortgage operations function to ensure efficient processing, servicing, and administration of residential mortgage loans and achieve lending objectives. Oversees operational teams responsible for loan processing, underwriting, closing support, servicing activities, and post-closing documentation to ensure alignment. Develops operational policies, procedures, and performance standards to improve service delivery, accuracy, and regulatory compliance. Monitors workflow, productivity, and service-level metrics to ensure operational goals are achieved. Implements process improvements and training programs to enhance operational efficiency and maintain compliance with industry regulations and investor guidelines. Develops and maintains relationships with title companies, real estate agents, and various outside stakeholders to drive new business and expedite or troubleshoot issues. Requires a bachelor's degree. Typically reports to a director. Typically manages through subordinate managers and professionals in larger groups of moderate complexity. Provides input to strategic decisions that affect the functional area of responsibility. May give input into developing the budget. Typically requires 3+ years of managerial experience. Capable of resolving escalated issues arising from operations and requiring coordination with other departments. View Mortgage Operations Associate Director Salary