Mortgage Loan Officer Salary at Oceanside Mortgage Co BETA

How much does an Oceanside Mortgage Co Mortgage Loan Officer make?

As of April 2025, the average annual salary for a Mortgage Loan Officer at Oceanside Mortgage Co is $45,856, which translates to approximately $22 per hour. Salaries for Mortgage Loan Officer at Oceanside Mortgage Co typically range from $39,414 to $52,670, reflecting the diverse roles within the company.

It's essential to understand that salaries can vary significantly based on factors such as geographic location, departmental budget, and individual qualifications. Key determinants include years of experience, specific skill sets, educational background, and relevant certifications. For a more tailored salary estimate, consider these variables when evaluating compensation for this role.

DISCLAIMER: The salary range presented here is an estimation that has been derived from our proprietary algorithm. It should be noted that this range does not originate from the company's factual payroll records or survey data.

Oceanside Mortgage Co Overview

Website:
oceansidemortgage.com
Size:
25 - 50 Employees
Revenue:
$5M - $10M
Industry:
Financial Services

Oceanside Mortgage Company specializes in FHA loans. We are one of the nation's top FHA lenders. An FHA loan is designed for borrowers who want to put less then 20% down or that have less then perfect credit. You do not need to be a first time home-buyer to get an FHA loan. FHA loan programs are designed with many consumer safeguards which help borrowers get an affordable loan at an affordable price. Interest rates on FHA loans are often lower the comparable conventional mortgage programs. The FHA (Federal Housing Administration) is a government agency that is a part of the United States Department of Housing and Urban Development. It has been helping homeowners since 1934. The FHA has several programs available to help borrowers: Purchasing a home - The FHA allows you to buy your home with as little as 3.5% down. The down payment can come from your savings, or it can be a gift from a family member. The program even allows the seller to pay your closing costs. Refinancing a home - If you are not in an FHA loan currently, you can convert it to an FHA. The FHA allows you to borrower up to 97.75% of your home's value. Taking cash out - You can use the FHA to take cash out up to 85% of your home's value. There is no limit on the amount of cash you receive, and you can use the cash for any reason. The cash can even be used to consolidate your debt. Streamline Refinance - If you already have an FHA loan, you can Streamline Refinance. This is a special program for FHA loan holders which allows you to lower your interest rate with no appraisal and very little documentation. If you have any questions about these programs, please contact a loan specialist immediately at 800-955-8965 or via chat.

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What Skills Does a person Need at Oceanside Mortgage Co?

At Oceanside Mortgage Co, specify the abilities and skills that a person needs in order to carry out the specified job duties. Each competency has five to ten behavioral assertions that can be observed, each with a corresponding performance level (from one to five) that is required for a particular job.

  1. Financial services: A services provided by the finance industry, which encompasses a broad range of businesses that manage money. These services involve banking, brokerage, mortgages, credit cards, payment services, real estate, investment funds, taxes and accounting.
  2. Mortgage Loans: A mortgage loan or, simply, mortgage (/ˈmɔːrɡɪdʒ/) is used either by purchasers of real property to raise funds to buy real estate, or alternatively by existing property owners to raise funds for any purpose, while putting a lien on the property being mortgaged. The loan is "secured" on the borrower's property through a process known as mortgage origination. This means that a legal mechanism is put into place which allows the lender to take possession and sell the secured property ("foreclosure" or "repossession") to pay off the loan in the event the borrower defaults on the loan or otherwise fails to abide by its terms. The word mortgage is derived from a Law French term used in Britain in the Middle Ages meaning "death pledge" and refers to the pledge ending (dying) when either the obligation is fulfilled or the property is taken through foreclosure. A mortgage can also be described as "a borrower giving consideration in the form of a collateral for a benefit (loan)".
  3. Underwriting: Underwriting services are provided by some large financial institutions, such as banks, or insurance or investment houses, whereby they guarantee payment in case of damage or financial loss and accept the financial risk for liability arising from such guarantee. An underwriting arrangement may be created in a number of situations including insurance, issue of securities in a public offering, and bank lending, among others. The person or institution that agrees to sell a minimum number of securities of the company for commission is called the underwriter. The name derives from the Lloyd's of London insurance market. Financial bankers, who would accept some of the risk on a given venture (historically a sea voyage with associated risks of shipwreck) in exchange for a premium, would literally write their names under the risk information that was written on a Lloyd's slip created for this purpose.
  4. Loan Origination: Loan origination is the process by which a borrower applies for a new loan, and a lender processes that application. Origination generally includes all the steps from taking a loan application up to disbursal of funds (or declining the application). For mortgages, there is a specific mortgage origination process. Loan servicing covers everything after disbursing the funds until the loan is fully paid off. Loan origination is a specialized version of new account opening for financial services organizations. Certain people and organizations specialize in loan origination. Mortgage brokers and other mortgage originator companies serve as a prominent example. There are many different types of loans. For more information on loan types, see the loan and consumer lending articles. Steps involved in originating a loan vary by loan type, various kinds of loan risk, regulator, lender policy, and other factors.
  5. Pricing: Pricing is a process of fixing the value that a manufacturer will receive in the exchange of services and goods.

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Check more jobs information at Oceanside Mortgage Co

Job Title Average Oceanside Mortgage Co Salary Hourly Rate
2 Mortgage Loan Originator $45,856 $22
3 Receptionist $36,652 $18
4 Senior Loan Officer $88,184 $42
5 Accountant $84,202 $40
6 Closer $53,847 $26
7 Closing Manager $81,151 $39
8 Direct Endorsement Underwriter $68,195 $33
9 President $790,053 $380
10 Loan Processor $43,189 $21
11 Mortgage Broker $61,073 $29
12 Senior Underwriter $136,108 $65
13 Software Developer $115,466 $56

Hourly Pay at Oceanside Mortgage Co

The average hourly pay at Oceanside Mortgage Co for a Mortgage Loan Officer is $22 per hour. The location, department, and job description all have an impact on the typical compensation for Oceanside Mortgage Co positions. The pay range and total remuneration for the job title are shown in the table below. Oceanside Mortgage Co may pay a varying wage for a given position based on experience, talents, and education.
How accurate does $45,856 look to you?

FAQ about Salary and Jobs at Oceanside Mortgage Co

1. How much does Oceanside Mortgage Co pay per hour?
The average hourly pay is $22. The salary for each employee depends on several factors, including the level of experience, work performance, certifications and skills.
2. What is the highest salary at Oceanside Mortgage Co?
According to the data, the highest approximate salary is about $52,670 per year. Salaries are usually determined by comparing other employees’ salaries in similar positions in the same region and industry.
3. What is the lowest pay at Oceanside Mortgage Co?
According to the data, the lowest estimated salary is about $39,414 per year. Pay levels are mainly influenced by market forces, supply and demand, and social structures.
4. What steps can an employee take to increase their salary?
There are various ways to increase the wage. Level of education: An employee may receive a higher salary and get a promotion if they obtain advanced degrees. Experience in management: an employee with supervisory experience can increase the likelihood to earn more.