This is a topic titled Average Mortgage Industry Salary In US made in the Mortgage Talk section, belongs to our Mortgage Chat category; I found the average salary for the mortgage industry in the U.S. for loan processors, loan officers, processing managers, administrative personnel, mortgage originators, and senior mortgage loan processors. Honestly, ...
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| Member Registered: May 2008 Location: louisiana
Posts: 41
| I found the average salary for the mortgage industry in the U.S. for loan processors, loan officers, processing managers, administrative personnel, mortgage originators, and senior mortgage loan processors. Honestly, I expected the numbers to be a bit higher. Of course the average salaries in this part of the financial sector vary a lot by region, but I really thought these averages are quite low. My guess is that mortgage jobs in New York or Los Angeles probably pay 50% more or better than this average, but that's just a guess. Do the following average salaries for jobs in the mortgage/ lending industry seem realistic to you? MORTGAGE LOAN PROCESSOR $35,104 LOAN PROCESSOR $39,453 LOAN OFFICER $34,968 MORTGAGE PROCESSING MANAGER $47,171 SENIOR MORTGAGE LOAN PROCESSOR $38,852 MORTGAGE ORIGINATOR $49,132 OFFICE MANAGER/ADMINISTRATIVE $34,966 A mortgage broker will usually make more as they gain experience, just like every other job, but the rise in pay with experience was also lower than I expected. I found that the average mortgage broker will make $39,546 after five years, and $52,041 after twenty years. That is a salary increase of just over 32% for 15 more years in the mortgage business. Is it just me, or is that figure low? Do these figures seem low to you all, or do you see similar salaries in your region? |
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| Topic | Started By | Category | Replies | Last Post |
| Policing agency over mortgage industry | Mike | Mortgage Talk | 0 | May 19th, 2008 11:41 AM |