Mortgage Loan Officer II
Salary
in
New York, NY
What is the average salary of a Mortgage Loan Officer II in New York, NY? As of December 27, 2023, the average Mortgage Loan Officer II salary in New York, NY is $76,198; however, the range usually falls between $65,757 and $89,703 Salary ranges can differ significantly based on a number of significant factors, such as years of experience, education, certifications, and additional skills. More online, real-time data on compensation than any other website is available at Salary com helps you determine your exact pay target.
| Percentile | Salary | Location | Last Updated |
| 10th Percentile Mortgage Loan Officer II Salary | $56,251 | New York,NY | December 27, 2023 |
| 25th Percentile Mortgage Loan Officer II Salary | $65,757 | New York,NY | December 27, 2023 |
| 50th Percentile Mortgage Loan Officer II Salary | $76,198 | New York,NY | December 27, 2023 |
| 75th Percentile Mortgage Loan Officer II Salary | $89,703 | New York,NY | December 27, 2023 |
| 90th Percentile Mortgage Loan Officer II Salary | $101,998 | New York,NY | December 27, 2023 |
Job Description for Mortgage Loan Officer II
Mortgage Loan Officer II is responsible for obtaining and managing a range of residential mortgage loans. Interviews candidates, gathers financial information and documentation, and offers advice on loan options that best suit the needs of the borrower Serving as a Mortgage Loan Officer II helps purchasers from the point of sale to closing. Requires a bachelors degree. Furthermore, a manager or the head of a department usually receives reports from Mortgage Loan Officer IIs. The Mortgage Loan Officer II is exposed to some of the more difficult duties associated with the position. Occasionally directed in several aspects of the work. Two to four years of relevant experience are normally required to become a Mortgage Loan Officer II. (Copyright 2024 Salary. com). View full job description.
Salary. You can search for millions of Mortgage Loan Officer II job listings on the com job board. To view Mortgage Loan Officer II job openings, click the search button below. You can also enter a new job title here.
Career Path for Mortgage Loan Officer II
A career path is a series of employment that leads to your long- and short-term professional objectives. Some people pursue a career path that is linear in a single field, while others occasionally switch fields to pursue personal or professional objectives.
Typically, the first career path for a Mortgage Loan Officer II begins with a position as a Mortgage Loan Officer III and advances to Mortgage Lending Assistant Manager.
Furthermore, the Secondary Market Manager position is usually attained through the second career path.
Company Description
Fiscal Year Ended in 2022
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Mortgage Loan Officer II salary varies from city to city. In comparison to the national average salary for Mortgage Loan Officer II, San Francisco, California has the highest salary, with a salary of $25,000. 0% above. Miami, Florida has the lowest Mortgage Loan Officer II salary, with a rate of $2,000. 9% lower than national average salary.
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Understand the total compensation opportunity for a Mortgage Loan Officer II, base salary plus other pay elements
Comprising base and yearly incentives, the average base salary (core compensation) and total cash compensation for the position of Mortgage Loan Officer II in New York, NY are displayed in these charts. Mortgage Loan Officer II base pay is $65,757 to $89,703 on average, with an average base salary of $76,198. The range of the total cash compensation, which comprises base pay and annual incentives, is $77,238 to $108,339, with an average of $91,278.
Discover how your pay is adjusted for skills, experience, and other factors
Please provide more details about your role in the four categories below for a real-time salary target. 65757 89703 I manage people and report to a supervisor with relevant work experience.
How much should you be paid?
About New York, New York: The most populous city in the country is the City of New York, also known as New York City (NYC) or just New York (NY). With an estim. More.
New York, New York area prices were up 1. Six percent from a year ago, view the cost of living in New York, New York
Pay for a Mortgage Loan Officer II in well-known cities like Yonkers, Buffalo, and Rochester
FAQ
Is it hard to make money as a mortgage loan officer?
Being an MLO offers a competitive compensation package. Base pay and commissions may be combined for compensation, which is ideal for ambitious loan officers hoping to make good money off of their work. In the mortgage business, an MLO’s potential earnings increases with their level of motivation.
What is the highest pay for a mortgage officer?
Most Mortgage Loan Officer salaries currently range between $51,300 (25th percentile) and $98,700 (75th percentile), with top earners (90th percentile) making $123,856 annually in California. However, ZipRecruiter reports salaries as high as $133,726 and as low as $22,699
How much do mortgage loan officers make in NY?
In the New York City, NY area, the average annual salary for a Mortgage Loan Officer is $77,887, and their estimated total compensation is $149,586. The midpoint of the ranges from our unique Total Pay Estimate model, which is based on salaries gathered from our users, is represented by these numbers, which are called the median.
Read More :
https://www.indeed.com/career/loan-officer/salaries/New-York–NY
https://www.indeed.com/career/mortgage-loan-originator/salaries/New-York–NY