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What is a Mortgage Originator

Mortgage originators help clients through the entire process of obtaining a loan. They usually work for banks or other lenders. Mortgage originators meet with clients interested in borrowing a mortgage, explain their options to them, and help them apply for a loan. Despite the title, mortgage originators actually see the mortgage process through until closing, making sure that an application makes it through the underwriting process when the company decides if a client is eligible for a loan or not.

Mortgage originators need to have excellent customer service skills to guide potential borrowers through the whole confusing process of applying for a mortgage. They also need excellent financial analysis skills and in-depth knowledge of a bank's products.

There are several ways to become a mortgage originator. Some get a bachelor's degree in business or finance, while others have only a high school diploma but plenty of professional experience working in finance, such as a loan officer. Sometimes they need a license from the state. Whatever their paths to this position, once they are hired, mortgage originators can earn an average salary of $43,611 a year and sometimes earn a commission.

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 $22.89 an hour? That's $47,607 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.

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 65.7% of Mortgage Originators have a bachelor's degree. In terms of higher education levels, we found that 6.3% 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 Associate Degree degrees. Other degrees that we often see on Mortgage Originator resumes include High School Diploma 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.

What is the right job for my career path?

Tell us your goals and we'll match you with the right jobs to get there.

And if you’re looking for a job, here are the five top employers hiring now:

  1. American Mortgage Jobs (5)
  2. Navy Federal Credit Union Jobs (5)
  3. Fifth Third Bank Jobs (9)
  4. JPMorgan Chase & Co. Jobs (14)
  5. NBT Bancorp Jobs (6)
Average Salary
$47,607
Average Salary
Job Growth Rate
8%
Job Growth Rate
Job Openings
11,766
Job Openings
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Mortgage Originator Career Paths

Top Careers Before Mortgage Originator

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Average Salary for a Mortgage Originator

Mortgage Originators in America make an average salary of $47,607 per year or $23 per hour. The top 10 percent makes over $83,000 per year, while the bottom 10 percent under $27,000 per year.
Average Salary
$47,607
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Choose From 10+ Customizable Mortgage Originator Resume templates

Zippia allows you to choose from different easy-to-use Mortgage Originator templates, and provides you with expert advice. Using the templates, you can rest assured that the structure and format of your Mortgage Originator resume is top notch. Choose a template with the colors, fonts & text sizes that are appropriate for your industry.

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Mortgage Originator Demographics

Mortgage Originator Gender Distribution

Male
Male
56%
Female
Female
44%

After extensive research and analysis, Zippia's data science team found that:

  • Among Mortgage Originators, 43.8% of them are women, while 56.2% are men.

  • The most common race/ethnicity among Mortgage Originators is White, which makes up 67.8% of all Mortgage Originators.

  • The most common foreign language among Mortgage Originators is Spanish at 66.7%.

Job Openings

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Mortgage Originator Education

Mortgage Originator Majors

39.4 %
11.8 %

Mortgage Originator Degrees

Bachelors

65.7 %

Associate

15.2 %

High School Diploma

7.2 %

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 • Private

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 • Private

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 • Private

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

10. New York University

New York, NY • Private

In-State Tuition
$51,828
Enrollment
26,339
Job Openings

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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

Most Common Employers For Mortgage Originator

RankCompanyZippia ScoreAverage Mortgage Originator SalaryAverage Salary
1
1.PHH
$77,373
2
2.First Mortgage
$60,591
3$60,290
4
4.Allied Mortgage Group
$56,060
5
5.Primary Residential Mortgage
$54,949
6
6.Quicken Loans
$41,100

Mortgage Originator Videos