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Mortgage Loan Officer
Career Insights for Mortgage Loan Officer
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Scorecard
Based on Pennsylvania data
Review key factors to help you decide if this role fits your goals. How is this calculated?
What they do
A Mortgage Loan Officer assists customers who apply for loans, and solicits loan applications on behalf of a bank, mortgage broker or credit union. Provides information on types of loans available, gathers financial and credit information needed to evaluate loan applications; guides the application and approval process. May partner with real estate agents to offer financing information to potential home buyers. May sell mortgage loans on commission.
$56,880 / year median in Pennsylvania
-24% projected decline
Job Description
- Work fully remote,or from one of three convenient office locations embedded in Realtor offices in Shadeside (downtown Pittsburgh),Robinson,or Bridgeville. Flexibility to match your lifestyle!
- This position is 100% commission-based,offering uncapped income potential.
- Competitive compensation structure: With a $5,000 monthly draw paid on the 1st,plus commissions on the 15th,hitting the annual goal of $6 million in new loan production can earn you approximately $82,800 per year. Who should apply?
- Loan officers with 1-2 years of experience who can self-source and close around $6 million in loans annually.
- Professionals passionate about purchase money lending eager to grow in a focused,supportive environment. What you'll be tackling.
- Managing client loan processes and delivering exceptional service in purchase lending.
- Building your own pipeline by leveraging personal and professional networks.