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Working as a Mortgage Originator

There is more than meets the eye when it comes to being a mortgage originator. For example, did you know that they make an average of $20.97 an hour? That's $43,611 a year!

Between 2018 and 2028, the career is expected to grow 8% and produce 24,300 job opportunities across the U.S.

What Does a Mortgage Originator Do

There are certain skills that many mortgage originators have in order to accomplish their responsibilities. By taking a look through resumes, we were able to narrow down the most common skills for a person in this position. We discovered that a lot of resumes listed detail oriented, initiative and interpersonal skills.

When it comes to the most important skills required to be a mortgage originator, we found that a lot of resumes listed 21.7% of mortgage originators included loan portfolio, while 9.4% of resumes included customer service, and 8.5% of resumes included bank products. Hard skills like these are helpful to have when it comes to performing essential job responsibilities.

How To Become a Mortgage Originator

If you're interested in becoming a mortgage originator, one of the first things to consider is how much education you need. We've determined that 49.6% of mortgage originators have a bachelor's degree. In terms of higher education levels, we found that 11.8% of mortgage originators have master's degrees. Even though most mortgage originators have a college degree, it's possible to become one with only a high school degree or GED.

Choosing the right major is always an important step when researching how to become a mortgage originator. When we researched the most common majors for a mortgage originator, we found that they most commonly earn bachelor's degree degrees or high school diploma degrees. Other degrees that we often see on mortgage originator resumes include associate degree degrees or master's degree degrees.

You may find that experience in other jobs will help you become a mortgage originator. In fact, many mortgage originator jobs require experience in a role such as loan officer. Meanwhile, many mortgage originators also have previous career experience in roles such as branch manager or mortgage consultant.

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Average Salary$43,611
Job Growth Rate8%

Mortgage Originator Career Paths

Top Careers Before Mortgage Originator

Top Careers After Mortgage Originator

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Average Salary for a Mortgage Originator

Mortgage Originators in America make an average salary of $43,611 per year or $21 per hour. The top 10 percent makes over $60,000 per year, while the bottom 10 percent under $31,000 per year.
Average Salary
$43,611

Best Paying Cities

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Recently Added Salaries

Job TitleCompanyCompanyStart DateSalary
Mortgage Originator & Underwriter
Mortgage Originator & Underwriter
Psecu
Psecu
09/24/2020
09/24/2020
$56,77009/24/2020
$56,770
Mortgage Originator & Underwriter
Mortgage Originator & Underwriter
Psecu
Psecu
06/16/2020
06/16/2020
$56,77006/16/2020
$56,770
Mortgage Originator (2)
Mortgage Originator (2)
Tinker Federal Credit Union
Tinker Federal Credit Union
03/31/2020
03/31/2020
$41,18103/31/2020
$41,181
Mortgage Originator
Mortgage Originator
Psecu
Psecu
01/09/2020
01/09/2020
$56,77001/09/2020
$56,770
Mortgage Originator
Mortgage Originator
Sterling State Bank
Sterling State Bank
11/08/2014
11/08/2014
$47,00011/08/2014
$47,000

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Mortgage Originator Demographics

Gender

male

53.8 %

female

42.6 %

unknown

3.6 %

Ethnicity

White

69.5 %

Hispanic or Latino

12.8 %

Black or African American

8.9 %

Foreign Languages Spoken

Spanish

66.7 %

French

12.5 %

Portuguese

8.3 %
See More Demographics

Mortgage Originator Education

Majors

Business
33.4 %
Finance
11.0 %

Degrees

Bachelors

49.6 %

High School Diploma

13.9 %

Associate

13.5 %

Top Colleges for Mortgage Originators

1. University of Pennsylvania

Philadelphia, PA • Private

In-State Tuition
$55,584
Enrollment
10,764

2. Northwestern University

Evanston, IL • Private

In-State Tuition
$54,568
Enrollment
8,451

3. University of Southern California

Los Angeles, CA • Private

In-State Tuition
$56,225
Enrollment
19,548

4. SUNY at Binghamton

Vestal, NY • Public

In-State Tuition
$9,808
Enrollment
13,990

5. Villanova University

Villanova, PA • Private

In-State Tuition
$53,308
Enrollment
6,819

6. San Diego State University

San Diego, CA • Public

In-State Tuition
$7,488
Enrollment
30,018

7. Bentley University

Waltham, MA • Private

In-State Tuition
$49,880
Enrollment
4,177

8. Boston University

Boston, MA • Private

In-State Tuition
$53,948
Enrollment
17,238

9. SUNY Stony Brook

Stony Brook, NY • Public

In-State Tuition
$9,625
Enrollment
17,407

10. New York University

New York, NY • Private

In-State Tuition
$51,828
Enrollment
26,339
See More Education Info
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Full Time
Part Time
Internship
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Top Skills For a Mortgage Originator

The skills section on your resume can be almost as important as the experience section, so you want it to be an accurate portrayal of what you can do. Luckily, we've found all of the skills you'll need so even if you don't have these skills yet, you know what you need to work on. Out of all the resumes we looked through, 21.7% of mortgage originators listed loan portfolio on their resume, but soft skills such as detail oriented and initiative are important as well.

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Top Mortgage Originator Employers

1. Wells Fargo
4.7
Avg. Salary: 
$36,205
Mortgage Originators Hired: 
48+
2. USAA
4.8
Avg. Salary: 
$34,434
Mortgage Originators Hired: 
19+
3. The PNC Financial Services Group
4.9
Avg. Salary: 
$36,205
Mortgage Originators Hired: 
13+
4. Bank of America
4.8
Avg. Salary: 
$36,204
Mortgage Originators Hired: 
12+
5. JPMorgan Chase
4.9
Avg. Salary: 
$36,202
Mortgage Originators Hired: 
12+
6. Allied Mortgage Group
3.8
Avg. Salary: 
$87,350
Mortgage Originators Hired: 
10+

Mortgage Originator Videos

Updated October 2, 2020