Mortgage Jobs

Mortgage Job Overview

Professionals who work with mortgages help match consumers with loans that make it possible for them to purchase homes. Mortgage professionals may work for a variety of lending institutions. Some also work for private lending companies that do not offer other types of bank services.

Working with mortgages requires strong math skills. Strong communication skills are also essential when explaining mortgage options to clients.

After working as loan officers for several years, mortgage professionals may explore other jobs in banking and finance. Some jobs may require additional education or certification. Those who want to continue working with mortgages may wish to become mortgage administrators. Mortgage administrators often need management and business experience.

Mortgage Job Education Requirements

People who qualify for mortgage jobs usually have bachelor's degrees in subjects such as finance or business. Employers typically provide a moderate term of on-the-job training that prepares professionals for their roles within banks, credit unions and similar institutions.

Mortgage Job Market

According to the Bureau of Labor Statistics, the number of loan officers working in the United States should grow by eight percent between 2012 and 2022. This is considered near the average growth rate for U.S. jobs. In 2012, there were about 296,900 people working as mortgage bankers. By 2022, that number should grow by 22,900 for a total of 319,800 jobs.

Some states have larger job markets than others. In 2013, the states with the highest employment levels for mortgage jobs included:

  • California (31,700 jobs)
  • Texas (27,250 jobs)
  • Florida (18,990 jobs)
  • New York (14,680 jobs)
  • Illinois (14,620 jobs)

Professionals looking for job openings may want to consider applying for positions in these areas.

Mortgage Job Salary Information

In 2012, the mean pay for a loan officer or mortgage banker was $59,820 per year. In 2013, top earners in the field made over $122,000 annually. Those in the bottom 10th percentile earned just over $33,000.

Mortgage professionals in some states earn higher wages than those working in others. States with some of the highest mean salaries include:

  • New York ($100,110)
  • Rhode Island ($89,300)
  • Massachusetts ($84,410)
  • New Hampshire ($83,500)
  • District of Columbia ($83,120)

The highest paying industries for mortgage professionals include Management of Companies and Enterprises ($78,350 mean salary) and Activities Relative to Credit Intermediation ($72,940 mean salary). Those who want to earn higher wages should search for positions within these industries.

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1000+ Mortgage jobs found on Monster.

Jobs 1 to 20 of 37682
Adecco Finance is currently recruiting for Mortgage Loan Closers / Mortgage Closer / Loan Closer Adecco Finance is currently looking for experienced Mortgage Loan Closers / Mortgage Closer / Loan Closer for a Short-term contact opportunity in the Columbus, Ohio area. Our client, a leader in the financial industry, with locations from coast to coast, is looking to add to their growing team. Mortg...
CyberCoders Matching Great People with Great Companies Learn more about CyberCoders Apply Mortgage Loan Officer - Mortgage Loan Branch Manager Jacksonville, NC Full-Time $60,000 - $100,000 Apply Apply Mortgage Loan Officer - Mortgage Loan Branch Manager Jacksonville, NC Full-Time $60,000 - $100,000 Apply Job Details We have an outstanding career opportunity for an experienced Mortgag...
Leading credit union needs 3 Mortgage Processors, and 3 Mortgage Underwriters.​​ Must be able to commit to long term.​​ Must know and have experience with either processing, or underwriting from beginning to end.​​ Residential or commercial needed Work hours Monday to Friday 830AM TO 530PM .​​Must be able to pass background check, and have decent credit.​​ Salary based on experience, and bonuses a...
We are seeking multiple Mortgage Processors, Mortgage Underwriters and Mortgage Closers for several of our clients in the Denver, CO area. These are Full Time, Permanent, Direct Hire Positions!!!! Required Experience Three years experience in mortgage industry needed Must have worked within the Mortgage Industry within the past 5 months. Experience with FHA/Conventional Loans, VA is a plus....
Mortgage Loan Originators looking to join a new team? BNC National Bank is looking to fill positions for its Mortgage Lending Division in the Omaha, Nebraska area. About the Job BNC National Bank Mortgage division is an established 50 state direct lender looking for experienced mortgage professionals to join their team. We offer a full range of products, including conventional, jumbo, FHA 203B a...
As an underwriter, you will be responsible for the analysis of submitted file for Capacity, Capital, Character, Collateral, and Condition. This includes ensuring that loan request meets program and product specifications or counter-offer to different product and/or program when appropriate. In addition, you will communicate decision (approval, suspense, denial) to appropriate individuals within JP...
INDEED JOBS New Ipswich, NH
Job Description Job description Responsible for originating retail mortgage loans. Contact may be either telephonic or in-person. Can sell direct to customers or solicit customers indirectly through third parties such as builders/developers or realtors. The Mortgage Loan Officer (MLO) proactively solicits new residential mortgage business and sells Bank of America mortgage products to meet esta...
Bank of America Overland Park, KS
Responsible for originating retail mortgage loans. Contact may be either telephonic or in-person. Can sell direct to customers or solicit customers indirectly through third parties such as builders/developers or realtors. The Mortgage Loan Officer (MLO) proactively solicits new residential mortgage business and sells Bank of America mortgage products to meet established loan quality and productio...
Responsible for originating retail mortgage loans. Contact may be either telephonic or in-person. Can sell direct to customers or solicit customers indirectly through third parties such as builders/developers or realtors. The Mortgage Loan Officer (MLO) proactively solicits new residential mortgage business and sells Bank of America mortgage products to meet established loan quality and productio...
Purpose: Answer and process all ACH customer inquiries via the “800” phone lines and the Mortgage Escalation database. Provide excellent customer service to ACH customers making their mortgage payments using the method of (ACH) automatic withdrawal from customer’s checking account, saving account or credit card. Responsibilities: • The ACH Specialist will update customer records on the LSAMS syste...
JP Morgan IL
150007983 As an underwriter, you will be responsible for the analysis of submitted file for Capacity, Capital, Character, Collateral, and Condition. This includes ensuring that loan request meets program and product specifications or counter-offer to different product and/or program when appropriate. In addition, you will communicate decision (approval, suspense, denial) to appropriate individual...
Senior Security Advisors New York, NY
SALES MANAGER FOR REVERSE MORTGAGE DIVISION OF MORTGAGE BANK LOCATED IN METROPOLITAIN NEW YORK AREA One of the most respected lending institutions with an A plus BBB rating and a long history of progressive growth has an opportunity for an enthusiastic, detail-oriented sales manager who thrives on success and takes pride in the role of being the team leader. An Ideal candidate will couple stron...
Essential Duties and Responsibilities: The following is a summary of the essential job functions for this job. Other duties may be performed, both major and minor, which are not mentioned below. Specific activities may change from time to time. 1. Provide mortgage clients sound mortgage advice based on a full understanding of client needs as well as BB&T Mortgage products and their benefits. (Pr...
Branch, Banking and Trust Company Greensboro, NC
31121BR Home Mortgage Direct Mortgage Loan Counselor Mortgage Group Greensboro, NC - 7701 Airport Center Drive English Full time Regular 1st shift 40 Performs telephone sales of BB&T Mortgage Loan products and provides consistent, effective referrals of mortgage clients for other bank services, Integrated Relationship Management (IRM), including the qualifying package of services and insu...
BFG Financial Services is now hiring sales professionals who want to work with the best mortgage originators in the business. We have a proven track record of success and we are expanding our mortgage operations in the state of Florida. What you can expect from us: Daily leads provided from multiple sources Huge marketing budget Very competitive pay structure Training in sales, marketing and ...
Adecco Houston, TX
Job Description: Adecco Finance is currently recruiting for Mortgage Loan Closers / Mortgage Closer / Loan Closer Adecco Finance is currently looking for experienced Mortgage Loan Closers / Mortgage Closer / Loan Closer for a Short-term contact opportunity in the Columbus, Ohio area. Our client, a leader in the financial industry, with locations from coast to coast, is looking to add to their gr...
Responsibilities Include: Continually identify, develop and maintain a quality network of business relationships Conduct interviews with prospective borrowers in order to analyze financial and credit data Demonstrate a commitment to professional ethics Manifest compliance with all Federal and State regulatory and legislative policies Determine customer financing objectives Gather required do...
Loan Originator / Loan Officer / Mortgage Loan Originator Make Money! Level 4 Funding – Phoenix, AZ Loan Originator / Loan Officer / Mortgage Loan Originator Make Money! JOIN OUR TEAM TODAY! • In House Lead - Fresh they are ready to go. Loan Originator Leads WERE #1 ON GOOGLE • Sub Prime and PRIVATE FUNDING • The highest commission possible make extra big money! • Exceptionally good pricing...
Loan Originator / Loan Officer / Mortgage Loan Originator Make Money! Level 4 Funding – Phoenix, AZ • In House Lead - Fresh they are ready to go. Loan Originator Leads WERE #1 ON GOOGLE for Private Hard Money • Sub Prime and PRIVATE FUNDING • The highest commission possible make extra big money! • Exceptionally good pricing • All products: with dozens of wholesale relationships. • Great cus...
For over 60 years, California Bank & Trust has helped generations of Californians grow and prosper – offering access to experienced, professional bankers with expertise in financing, cash management, wealth management, international banking, and more through a network that now extends to more than 95 offices statewide. CB&T is a full service mortgage lender with an experienced staff offering expe...

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Finance Career Tools

Mortgage Loan Closer

Salaries

$29,978.00 - $53,560.00
Typical Salary for Mortgage Loan Closer
(107 Respondents)
Source: Monster.com Careerbenchmarking Tool

Education / Training

Some College Coursework Completed
33.3%
High School
29.8%
Bachelor's
28.1%
Associates
5.3%
(57 Respondents)
Source: Monster.com Careerbenchmarking Tool

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