Loan Originator Salary in Chicago, IL

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How much does a Loan Originator make in Chicago, IL? The average Loan Originator salary in Chicago, IL is $47,014 as of May 28, 2024, but the salary range typically falls between $42,540 and $53,036. Salary ranges can vary widely depending on many important factors, including education, certifications, additional skills, the number of years you have spent in your profession. With more online, real-time compensation data than any other website, Salary.com helps you determine your exact pay target.

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Salary range for a Loan Originator

$42,540 to $53,036

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Loan Originator

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Job Openings for Loan Originator in Chicago, IL

Mortgage Loan Originator

Lendify Home Loans - Troy , MI

As a Mortgage Loan Originator, you'll play a pivotal role in guiding and supporting our team to deliver outstanding results and exceed client expectations. Our mission is to serve our customers with ...

ZipRecruiter ATS Jobs for ZipSearch/ZipAlerts - 1 day ago

Mortgage Loan Originator

PFS - Frisco, TX - Fernandina Beach , FL

About the job Join Our Team as a Mortgage Loan Originator! We're expanding and we're on the lookout for talented Mortgage Loan Originators to join our PFS team! This is a fantastic opportunity for ...

ZipRecruiter ATS Jobs for ZipSearch/ZipAlerts - 5 days ago

Mortgage Loan Originator

SkyOne Federal Credit Union - Hawthorne , CA

Join our team at SkyOne Federal Credit Union as a Mortgage Loan Originator . As an integral part of our team, you'll have the exciting opportunity to help our members achieve their dream of home ...

ZipRecruiter ATS Jobs for ZipSearch/ZipAlerts - 5 days ago

Loan Originator

Gina Group LLC - New York , NY

Loan Originator Job Description: TrueStone is seeking a highly motivated and detail-oriented Loan Originator to join TrueStone Lending, our bridge lending division. The ideal candidate is self ...

ZipRecruiter ATS Jobs for ZipSearch/ZipAlerts - 5 days ago

Mortgage Loan Originator

First Continental Mortgage, Ltd - Austin , TX

First Continental Mortgage (FCM) is currently seeking an experienced, highly motivated Mortgage Loan Originator to assist home buyers in financing their new home with our affiliated home builder ...

ZipRecruiter ATS Jobs for ZipSearch/ZipAlerts - 3 days ago

Mortgage Loan Originator

Canandaigua National Bank & Trust Co - Pittsford , NY

Mortgage Loan Originator Canandaigua National Bank & Trust Location: Pittsford, NY What does a Mortgage Loan Originator do? Responsible for continuously soliciting, negotiating, underwriting, and ...

ZipRecruiter ATS Jobs for ZipSearch/ZipAlerts - 6 days ago

What does a Loan Originator do?

Common responsibilities of a Loan Originator

Reviews information by examining application and documentation, reviewing credit worthiness, calculating repayment risk from information and documentation received from the borrowers.

April 03, 2023

Develop and implement sales strategies to establish relationships with non-borrower referral sources (realtors, builders, C.

April 05, 2023

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Loan Originator Salary By Experience Levels in Chicago, IL

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RELEVANT JOB EXPERIENCE

Length of experience is a pay differentiator. Those with greater experience may have an advantage in negotiating salary. For those with less experience, other factors such as education or special skills could impact your pay. Please visit Professional Salary Report for more details.

Loan Originator Salary By Level of Education in Chicago, IL

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LEVEL OF EDUCATION

Depending on the job, educational levels may have a significant impact on pay levels. Be informed and understand how things like education and certifications can help to increase potential earnings for the career you are interested in. Please visit Professional Salary Report for more details.

Average Salary Range for Loan Originator in Chicago, IL

Average Base Salary

Core compensation

42540

53036

47014

Average Total Cash Compensation

Includes base and annual incentives

43977

55400

48819

What is the average salary for Loan Originator in 2024?

These charts show the average base salary (core compensation), as well as the average total cash compensation for the job of Loan Originator in Chicago, IL. The base salary for Loan Originator ranges from $42,540 to $53,036 with the average base salary of $47,014. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $43,977 to $55,400 with the average total cash compensation of $48,819.

View Average Salary for Loan Originator as table

	Average Salary	Average Salary Range
Base Salary	$47,014	$42,540 - $53,036
Bonus	$1,805	$1,437 - $2,364
Total Pay	$48,819	$43,977 - $55,400

* Base Salary represents gross income before taxes and deductions. It does not include additional pay such as benefits, bonuses, profit sharing or commissions.

* Total Pay combines base salary, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job.

Loan Originator Salary Near Chicago, IL

CITY, STATE	AVERAGE SALARY RANGE	COMPARE TO Chicago, IL
CITY, STATE Cicero, IL	AVERAGE SALARY RANGE $42,779 - $53,334	COMPARE TO Chicago, IL
CITY, STATE Oak Park, IL	AVERAGE SALARY RANGE $42,779 - $53,334	COMPARE TO Chicago, IL
CITY, STATE Oak Lawn, IL	AVERAGE SALARY RANGE $42,730 - $53,273	COMPARE TO Chicago, IL
CITY, STATE Evanston, IL	AVERAGE SALARY RANGE $42,763 - $53,314	COMPARE TO Chicago, IL
CITY, STATE Skokie, IL	AVERAGE SALARY RANGE $42,763 - $53,314	COMPARE TO Chicago, IL
CITY, STATE Arlington Heights, IL	AVERAGE SALARY RANGE $41,805 - $52,120	COMPARE TO Chicago, IL

See salaries for Loan Originator in locations close to Chicago, IL. Pay for the same job may vary based on the location and on the location and on other factors such as the size of company, the industry, and other local conditions.

About Chicago, Illinois

Chicago (/ʃɪˈkɑːɡoʊ/ (listen), locally also /-ˈkɔː-/), officially the City of Chicago, is the most populous city in Illinois, as well as the third most populous city in the United States. With an estimated population of 2,716,450 (2017), it is the most populous city in the Midwest. Chicago is the principal city of the Chicago metropolitan area, often referred to as Chicagoland, and the county seat of Cook County, the second most populous county in the United States. The metropolitan area, at nearly 10 million people, is the third-largest in the United States, and the fourth largest in North A...

Source: Wikipedia (as of 04/11/2019). Read more from Wikipedia

View Salary for Similar Jobs to Loan Originator in Chicago, IL

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JOB TITLE	LOCATION	MINIMUM SALARY	MAXIMUM SALARY
JOB TITLE Loan Originator Assistant	LOCATION Chicago, IL	MINIMUM SALARY $43,901	MAXIMUM SALARY $55,349
JOB TITLE Mortgage Loan Originator	LOCATION Chicago, IL	MINIMUM SALARY $44,684	MAXIMUM SALARY $61,293
JOB TITLE Senior Loan Originator	LOCATION Chicago, IL	MINIMUM SALARY $82,729	MAXIMUM SALARY $116,268
JOB TITLE Commercial Loan Originator	LOCATION Chicago, IL	MINIMUM SALARY $40,348	MAXIMUM SALARY $56,564
JOB TITLE Residential Mortgage Loan Originator	LOCATION Chicago, IL	MINIMUM SALARY $60,313	MAXIMUM SALARY $82,211
JOB TITLE Senior Mortgage Loan Originator	LOCATION Chicago, IL	MINIMUM SALARY $41,943	MAXIMUM SALARY $57,675

The Loan Originator job could be listed using titles that are not exactly the same, but actually are for the same or very similar job. Here are some job titles in Chicago, IL that might be a good fit for the type of job and salary you are looking for.

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42540

53036

About Chicago, Illinois Chicago (/ʃɪˈkɑːɡoʊ/ (listen), locally also /-ˈkɔː-/), officially the City of Chicago, is the most populous city in Illinois, as well as the third mos....More

Chicago, Illinois area prices were up 0.8% from a year ago

Loan Originator Salary in popular cities: Aurora, Rockford, Joliet

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