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. Occasionally directed in several aspects of the work. Gaining exposure to some of the complex tasks within the job function. Typically requires 2-4 years of related experience. View Mortgage Loan Officer II Salary

Evaluates the risk of mortgage loan applications against the firm's objectives and borrowing guidelines using analysis and assessment of creditworthiness criteria. Reviews the applicant's financial status, documents, data, and property appraisal. Calculates LTV ratio (loan to value) to define the loan program eligibility, down payment, interest rate, repayment terms, and allowed loan amounts. Makes approval, rejection, or modification decisions based on underwriting guidelines and established approval limits. Complies with all federal regulations, state laws, and internal policies related to mortgage lending. Escalates non-conforming loans that require approval review using an exception process. Typically requires a bachelor's degree. Typically reports to a supervisor or manager. Occasionally directed in several aspects of the work. Gaining exposure to some of the complex tasks within the job function. Typically requires 2-4 years of related experience. View Mortgage Underwriter II Salary

Evaluates the risk of mortgage loan applications against the firm's objectives and borrowing guidelines using analysis and assessment of creditworthiness criteria. Reviews the applicant's financial status, documents, data, and property appraisal. Calculates LTV ratio (loan to value) to define the loan program eligibility, down payment, interest rate, repayment terms, and allowed loan amounts. Makes approval, rejection, or modification decisions based on underwriting guidelines and established approval limits. Complies with all federal regulations, state laws, and internal policies related to mortgage lending. Escalates non-conforming loans that require approval review using an exception process. Typically requires a bachelor's degree. Typically reports to a supervisor or 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 Underwriter III 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

Processes residential mortgage loan applications to ensure complete, accurate, and compliant loan files prior to underwriting and closing. Reviews transaction documentation, including income statements, credit reports, asset verification, and property information, to confirm eligibility and completeness. Coordinates with loan officers, underwriters, title companies, and borrowers to obtain required documentation and resolve file deficiencies. Prepares and maintains loan files within loan origination systems and tracks applications through the processing pipeline. Ensures compliance with regulatory guidelines, investor requirements, and internal mortgage lending policies. Supports timely loan approvals and closings by maintaining accurate documentation and clear communication among all parties. 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 Processor I Salary