How Much Do Mortgage Loan Officers Make In Michigan

How Much Do Mortgage Loan Officers Make In Michigan How much does a Mortgage Loan Originator make in Michigan Average base salary 118 308 27 below national average Average 118 308 Low 54 141 High 258 522 Highest paying cities for Mortgage Loan Originators near Michigan Muskegon MI 267 415 per year 6 salaries reported Bingham Farms MI 184 643 per year 6 salaries

How Much Do Mortgage Loan Officers Make According to ZipRecruiter Mortgage Loan Officer salaries below 50 000 25th percentile and above 200 000 90th percentile are outliers The majority of MLOs 24 make between 81 500 and 102 499 Michigan average loan officer salary 91 740 Hawaii average loan officer salary 91 200 The bottom 10 states where loan officers make the least money geographically are quite mixed

How Much Do Mortgage Loan Officers Make In Michigan

How Much Do Mortgage Loan Officers Make In Michigan
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How Much Do Mortgage Loan Officers Make According to ZipRecruiter Mortgage Loan Officer salaries below 50 000 25th percentile and above 200 000 90th percentile are outliers The majority of MLOs 24 make between 81 500 and 102 499 The typical MLO is paid 1 of the loan amount in commission On a 500 000 loan a commission of How Much Does a Mortgage Loan Originator Make As with many different job titles in the mortgage industry Mortgage Loan Originators and Loan Officers typically earn their income off of commissions Depending on where you work say a bank or other financial institution versus a sponsored broker you may earn a base salary with commission as a

The top 5 paying industries for a Mortgage Loan Officer in United States are Construction Repair Maintenance Services with a median total pay of 217 517 Information Technology with a median total pay of 178 585 Real Estate with a median total pay of 174 051 Insurance with a median total pay of 168 389 and Financial Services with a The average Mortgage Loan Officer salary in the United States is 106 850 as of March 01 2025 The range for our most popular Mortgage Loan Officer positions listed below typically falls between 36 881 and 176 818 Keep in mind that salary ranges can vary widely depending on many important factors including position education certifications additional skills and the number of years

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How does the salary as a Mortgage Loan Officer at Rocket compare with the base salary range for this job The average salary for a Mortgage Loan Officer is 179 009 per year estimate in Michigan which is 33 higher than the average Rocket salary of 134 418 per year estimate for this job They will pay the loan officer a base salary and a small bonus amount based on the loan amount not the total fees on a file Or simply put if a loan officer helps you with your mortgage and your loan amount is 200 000 and the loan officer is paid 30 bps the loan officer would make 30 basis points on 200 000 or 600

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