How much does a senior mortgage loan officer make?

How much does a senior mortgage loan officer make?

Senior Mortgage Loan Officer Salaries

Job Title Salary
International Professional Realty Senior Mortgage Loan Officer salaries – 8 salaries reported $44,968/yr
GoodLeap Senior Mortgage Loan Officer salaries – 8 salaries reported $15/hr
Clearpath Lending Senior Mortgage Loan Officer salaries – 7 salaries reported $151,390/yr

Do mortgage loan officers make good money?

Loan Officers made a median salary of $63,270 in 2019. The best-paid 25 percent made $92,960 that year, while the lowest-paid 25 percent made $44,840.

What is a senior mortgage loan officer?

A senior loan officer is responsible for authorizing loan applications after evaluating the applicant’s loan eligibility upon submitting documents and other requirements. They monitor the loan process, create loan contracts, ensuring that the payment plans meet the federal laws and regulations.

Is MLO a good career?

Mortgage loan originators enjoy great flexibility as far as working hours are concerned. Not only that, most MLO jobs come with a bountiful of benefits and perks. Which means that you can enjoy terrific benefits like, health insurance, retirement plans and even fun perks like, catered meals or holiday pay and more!

What is the difference between a mortgage broker and loan officer?

Loan Officer: What’s the Difference? A loan officer offers mortgage options only from the financial institution they work for, while a mortgage broker acts as a matchmaker between you and a number of different mortgage lenders. …

Does Bank of America do reverse mortgages?

Now the Bank of America reverse mortgage business is one of the more vigorous in the nation. Bank of America offers senior customers two flexible reverse mortgage products, the U.S. Department of Housing and Urban Development’s Home Equity Conversion Mortgage, which is federally insured,…

What is the salary of a bank loan officer?

The average yearly salary for a loan officer in 2019 was $73,650 per year according to the jobs website Indeed.

What does a mortgage analyst do for a mortgage bank?

As a mortgage analyst, your responsibilities are to assess the financial risks and rewards pertaining to the execution of a mortgage or loan application.

What is a mortgage officer?

In simplest terms, a mortgage loan originator (aka mortgage loan officer, loan officer, LO, etc.) is typically an individual who works with a borrower to complete a mortgage transaction. The mortgage loan originator/officer is usually the borrower’s main point of contact throughout the entire home loan process.

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