What is the entry-level salary of a mortgage loan originator?
There is no official national statistic for first-year mortgage loan originator pay. The U.S. Bureau of Labor Statistics reports a median annual wage of $76,690 for loan officers as of May 2025, with the lowest 10 percent earning under $39,430; new loan officers typically fall near the lower end of that distribution, roughly the $39,430 to $52,730 band, because they spend much of the first year building a loan pipeline. Actual pay varies widely by employer, commission structure, and location.
Generally, Mortgage Loan Originators work in Alabama on commission. This might be a straight commission, some sort of draw against future commissions arrangement, or perhaps as salary plus commission.
Alabama MLO employers who hire entry level mortgage loan originators understand that training and building a “pipeline” of business takes some time, so they may pay an initial salary.
Generally, Mortgage Loan Originators work in Alaska on commission. This might be a straight commission, some sort of draw against future commissions arrangement, or perhaps as salary plus commission.
Alaska MLO employers who hire entry level mortgage loan originators understand that training and building a “pipeline” of business takes some time, so they may pay an initial salary.
Generally, Mortgage Loan Originators work in Arizona on commission. This might be a straight commission, some sort of draw against future commissions arrangement, or perhaps as salary plus commission.
Arizona MLO employers who hire entry level mortgage loan originators understand that training and building a “pipeline” of business takes some time, so they may pay an initial salary.
Generally, Mortgage Loan Originators work in Arkansas on commission. This might be a straight commission, some sort of draw against future commissions arrangement, or perhaps as salary plus commission.
Arkansas MLO employers who hire entry level mortgage loan originators understand that training and building a “pipeline” of business takes some time, so they may pay an initial salary.
Generally, Mortgage Loan Originators in California work on commission. This might be straight commission, some sort of draw against future commissions arrangement, or perhaps as salary plus commission.
California MLO employers who hire entry level mortgage loan originators understand that training and building a “pipeline” of business takes some time, so they may pay an initial salary.
Generally, Mortgage Loan Originators work in Colorado on commission. This might be a straight commission, some sort of draw against future commissions arrangement, or perhaps as salary plus commission.
Colorado MLO employers who hire entry level mortgage loan originators understand that training and building a “pipeline” of business takes some time, so they may pay an initial salary.
Generally, Mortgage Loan Originators work in Connecticut on commission. This might be a straight commission, some sort of draw against future commissions arrangement, or perhaps as salary plus commission.
Connecticut MLO employers who hire entry level mortgage loan originators understand that training and building a “pipeline” of business takes some time, so they may pay an initial salary.
Generally, Mortgage Loan Originators work in Delaware on commission. This might be a straight commission, some sort of draw against future commissions arrangement, or perhaps as salary plus commission.
Delaware MLO employers who hire entry level mortgage loan originators understand that training and building a “pipeline” of business takes some time, so they may pay an initial salary.
Generally, Mortgage Loan Originators work in Florida on commission. This might be a straight commission, some sort of draw against future commissions arrangement, or perhaps as salary plus commission.
Florida MLO employers who hire entry level mortgage loan originators understand that training and building a “pipeline” of business takes some time, so they may pay an initial salary.
Generally, Mortgage Loan Originators work in Georgia on commission. This might be a straight commission, some sort of draw against future commissions arrangement, or perhaps as salary plus commission.
Georgia MLO employers who hire entry level mortgage loan originators understand that training and building a “pipeline” of business takes some time, so they may pay an initial salary.
Generally, Mortgage Loan Originators work in Hawaii on commission. This might be a straight commission, some sort of draw against future commissions arrangement, or perhaps as salary plus commission.
Hawaii MLO employers who hire entry level mortgage loan originators understand that training and building a “pipeline” of business takes some time, so they may pay an initial salary.
Generally, Mortgage Loan Originators work in Idaho on commission. This might be a straight commission, some sort of draw against future commissions arrangement, or perhaps as salary plus commission.
Idaho MLO employers who hire entry level mortgage loan originators understand that training and building a “pipeline” of business takes some time, so they may pay an initial salary.
Generally, Mortgage Loan Originators work in Illinois on commission. This might be a straight commission, some sort of draw against future commissions arrangement, or perhaps as salary plus commission.
Illinois MLO employers who hire entry level mortgage loan originators understand that training and building a “pipeline” of business takes some time, so they may pay an initial salary.
Generally, Mortgage Loan Originators work in Indiana on commission. This might be a straight commission, some sort of draw against future commissions arrangement, or perhaps as salary plus commission.
Indiana MLO employers who hire entry level mortgage loan originators understand that training and building a “pipeline” of business takes some time, so they may pay an initial salary.
Generally, Mortgage Loan Originators work in Iowa on commission. This might be a straight commission, some sort of draw against future commissions arrangement, or perhaps as salary plus commission.
Iowa MLO employers who hire entry level mortgage loan originators understand that training and building a “pipeline” of business takes some time, so they may pay an initial salary.
Generally, Mortgage Loan Originators work in Kansas on commission. This might be a straight commission, some sort of draw against future commissions arrangement, or perhaps as salary plus commission.
Kansas MLO employers who hire entry level mortgage loan originators understand that training and building a “pipeline” of business takes some time, so they may pay an initial salary.
Generally, Mortgage Loan Originators work in Kentucky on commission. This might be a straight commission, some sort of draw against future commissions arrangement, or perhaps as salary plus commission.
Kentucky MLO employers who hire entry level mortgage loan originators understand that training and building a “pipeline” of business takes some time, so they may pay an initial salary.
Generally, Mortgage Loan Originators work in Louisiana on commission. This might be a straight commission, some sort of draw against future commissions arrangement, or perhaps as salary plus commission.
Louisiana MLO employers who hire entry level mortgage loan originators understand that training and building a “pipeline” of business takes some time, so they may pay an initial salary.
Generally, Mortgage Loan Originators work in Maine on commission. This might be a straight commission, some sort of draw against future commissions arrangement, or perhaps as salary plus commission.
Maine MLO employers who hire entry level mortgage loan originators understand that training and building a “pipeline” of business takes some time, so they may pay an initial salary.
Generally, Mortgage Loan Originators work in Maryland on commission. This might be a straight commission, some sort of draw against future commissions arrangement, or perhaps as salary plus commission.
Maryland MLO employers who hire entry level mortgage loan originators understand that training and building a “pipeline” of business takes some time, so they may pay an initial salary.
Generally, Mortgage Loan Originators work in Massachusetts on commission. This might be a straight commission, some sort of draw against future commissions arrangement, or perhaps as salary plus commission.
Massachusetts MLO employers who hire entry level mortgage loan originators understand that training and building a “pipeline” of business takes some time, so they may pay an initial salary.
Generally, Mortgage Loan Originators work in Michigan on commission. This might be a straight commission, some sort of draw against future commissions arrangement, or perhaps as salary plus commission.
Michigan MLO employers who hire entry level mortgage loan originators understand that training and building a “pipeline” of business takes some time, so they may pay an initial salary.
Generally, Mortgage Loan Originators work in Minnesota on commission. This might be a straight commission, some sort of draw against future commissions arrangement, or perhaps as salary plus commission.
Minnesota MLO employers who hire entry level mortgage loan originators understand that training and building a “pipeline” of business takes some time, so they may pay an initial salary.
Generally, Mortgage Loan Originators work in Mississippi on commission. This might be a straight commission, some sort of draw against future commissions arrangement, or perhaps as salary plus commission.
Mississippi MLO employers who hire entry level mortgage loan originators understand that training and building a “pipeline” of business takes some time, so they may pay an initial salary.
Generally, Mortgage Loan Originators work in Missouri on commission. This might be a straight commission, some sort of draw against future commissions arrangement, or perhaps as salary plus commission.
Missouri MLO employers who hire entry level mortgage loan originators understand that training and building a “pipeline” of business takes some time, so they may pay an initial salary.
Generally, Mortgage Loan Originators work in Montana on commission. This might be a straight commission, some sort of draw against future commissions arrangement, or perhaps as salary plus commission.
Montana MLO employers who hire entry level mortgage loan originators understand that training and building a “pipeline” of business takes some time, so they may pay an initial salary.
Generally, Mortgage Loan Originators work in Nebraska on commission. This might be a straight commission, some sort of draw against future commissions arrangement, or perhaps as salary plus commission.
Nebraska MLO employers who hire entry level mortgage loan originators understand that training and building a “pipeline” of business takes some time, so they may pay an initial salary.
Generally, Mortgage Loan Originators work in New Hampshire on commission. This might be a straight commission, some sort of draw against future commissions arrangement, or perhaps as salary plus commission.
New Hampshire MLO employers who hire entry level mortgage loan originators understand that training and building a “pipeline” of business takes some time, so they may pay an initial salary.
Generally, Mortgage Loan Originators work in New Jersey on commission. This might be a straight commission, some sort of draw against future commissions arrangement, or perhaps as salary plus commission.
New Jersey MLO employers who hire entry level mortgage loan originators understand that training and building a “pipeline” of business takes some time, so they may pay an initial salary.
Generally, Mortgage Loan Originators work in New Mexico on commission. This might be a straight commission, some sort of draw against future commissions arrangement, or perhaps as salary plus commission.
New Mexico MLO employers who hire entry level mortgage loan originators understand that training and building a “pipeline” of business takes some time, so they may pay an initial salary.
Generally, Mortgage Loan Originators work in New York on commission. This might be a straight commission, some sort of draw against future commissions arrangement, or perhaps as salary plus commission.
New York MLO employers who hire entry level mortgage loan originators understand that training and building a “pipeline” of business takes some time, so they may pay an initial salary.
Generally, Mortgage Loan Originators work in North Carolina on commission. This might be a straight commission, some sort of draw against future commissions arrangement, or perhaps as salary plus commission.
North Carolina MLO employers who hire entry level mortgage loan originators understand that training and building a “pipeline” of business takes some time, so they may pay an initial salary.
Generally, Mortgage Loan Originators work in North Dakota on commission. This might be a straight commission, some sort of draw against future commissions arrangement, or perhaps as salary plus commission.
North Dakota MLO employers who hire entry level mortgage loan originators understand that training and building a “pipeline” of business takes some time, so they may pay an initial salary.
Generally, Mortgage Loan Originators work in Ohio on commission. This might be a straight commission, some sort of draw against future commissions arrangement, or perhaps as salary plus commission.
Ohio MLO employers who hire entry level mortgage loan originators understand that training and building a “pipeline” of business takes some time, so they may pay an initial salary.
Generally, Mortgage Loan Originators work in Oklahoma on commission. This might be a straight commission, some sort of draw against future commissions arrangement, or perhaps as salary plus commission.
Oklahoma MLO employers who hire entry level mortgage loan originators understand that training and building a “pipeline” of business takes some time, so they may pay an initial salary.
Generally, Mortgage Loan Originators work in Oregon on commission. This might be a straight commission, some sort of draw against future commissions arrangement, or perhaps as salary plus commission.
Oregon MLO employers who hire entry level mortgage loan originators understand that training and building a “pipeline” of business takes some time, so they may pay an initial salary.
Generally, Mortgage Loan Originators work in Pennsylvania on commission. This might be a straight commission, some sort of draw against future commissions arrangement, or perhaps as salary plus commission.
Pennsylvania MLO employers who hire entry level mortgage loan originators understand that training and building a “pipeline” of business takes some time, so they may pay an initial salary.
Generally, Mortgage Loan Originators work in Rhode Island on commission. This might be a straight commission, some sort of draw against future commissions arrangement, or perhaps as salary plus commission.
Rhode Island MLO employers who hire entry level mortgage loan originators understand that training and building a “pipeline” of business takes some time, so they may pay an initial salary.
Generally, Mortgage Loan Originators work in South Carolina on commission. This might be a straight commission, some sort of draw against future commissions arrangement, or perhaps as salary plus commission.
South Carolina MLO employers who hire entry level mortgage loan originators understand that training and building a “pipeline” of business takes some time, so they may pay an initial salary.
Generally, Mortgage Loan Originators work in South Dakota on commission. This might be a straight commission, some sort of draw against future commissions arrangement, or perhaps as salary plus commission.
South Dakota MLO employers who hire entry level mortgage loan originators understand that training and building a “pipeline” of business takes some time, so they may pay an initial salary.
Generally, Mortgage Loan Originators work in Tennessee on commission. This might be a straight commission, some sort of draw against future commissions arrangement, or perhaps as salary plus commission.
Tennessee MLO employers who hire entry level mortgage loan originators understand that training and building a “pipeline” of business takes some time, so they may pay an initial salary.
Generally, Mortgage Loan Originators in Texas work on commission. This might be a straight commission, some sort of draw against future commissions arrangement, or perhaps as salary plus commission.
Texas MLO Employers who hire entry-level mortgage loan originators understand that training and building a “pipeline” of business takes some time, so they may pay an initial salary.
Generally, Mortgage Loan Originators work in Utah on commission. This might be a straight commission, some sort of draw against future commissions arrangement, or perhaps as salary plus commission.
Utah MLO employers who hire entry level mortgage loan originators understand that training and building a “pipeline” of business takes some time, so they may pay an initial salary.
Generally, Mortgage Loan Originators work in Vermont on commission. This might be a straight commission, some sort of draw against future commissions arrangement, or perhaps as salary plus commission.
Vermont MLO employers who hire entry level mortgage loan originators understand that training and building a “pipeline” of business takes some time, so they may pay an initial salary.
Generally, Mortgage Loan Originators work in Virginia on commission. This might be a straight commission, some sort of draw against future commissions arrangement, or perhaps as salary plus commission.
Virginia MLO employers who hire entry level mortgage loan originators understand that training and building a “pipeline” of business takes some time, so they may pay an initial salary.
Generally, Mortgage Loan Originators work in Washington DC on commission. This might be a straight commission, some sort of draw against future commissions arrangement, or perhaps as salary plus commission.
Washington DC MLO employers who hire entry level mortgage loan originators understand that training and building a “pipeline” of business takes some time, so they may pay an initial salary.
Generally, Mortgage Loan Originators work in Wisconsin on commission. This might be a straight commission, some sort of draw against future commissions arrangement, or perhaps as salary plus commission.
Wisconsin MLO employers who hire entry level mortgage loan originators understand that training and building a “pipeline” of business takes some time, so they may pay an initial salary.
Generally, Mortgage Loan Originators work in Wyoming on commission. This might be a straight commission, some sort of draw against future commissions arrangement, or perhaps as salary plus commission.
Wyoming MLO employers who hire entry level mortgage loan originators understand that training and building a “pipeline” of business takes some time, so they may pay an initial salary.