Updated January 2020: By searching, you agree to the Terms of Use, and Privacy Policy. Well, take note that most loan officers do not receive a base salary, only commission, so they are paid for performance. With neuvoo's salary tool, you can search and compare thousands of salaries in your region. There are currently no positions available in this department. Make lending better for millions of homebuyers at a fast-growing, tech-savvy mortgage company. Some are compensated with a combination of salary and commission. Learn How to State Your Case and Earn Your Raise, Climb the Ladder With These Proven Promotion Tips, A Guide to Negotiating the Salary You Deserve, How to Prepare for Your Interview and Land the Job. Top examples of these roles include: Hard Money Loan Officer, Senior Mortgage Loan Originator, and Senior Commercial Loan Officer. TREC: Info About Brokerage Services, Consumer Protection Notice. Sales performance. Now I'm working with someone who consistently funds 30-40 million in loans a year. Redfin salary statistics is not exclusive and is for reference only. Click To Apply For Loan Officer Assistant Jobs Posted By Redfin View Job Description,Job Type, Experience For Loan Officer Assistant Jobs In Frisco, TX And Apply Now To Get Hired. 2017's Hottest Neighborhoods move out a step from major city centers. *Subject to Redfin Mortgage's receipt of fully executed real estate and loan transaction documents. Top examples of these roles include: Hard Money Loan Officer, Senior Mortgage Loan Originator, and Senior Commercial Loan Officer. Redfin. Redfin Mortgage, a wholly-owned subsidiary of Redfin Corporation, is a different kind of lender that's revolutionizing the way people finance homes. How to Answer: What Are Your Strengths and Weaknesses? Real Estate Agent Salary in United States. ✓ Mission-driven: We always put our customers first. Broad opportunities: We're growing fast, and you can too. However, a CNN Money report determines the average loan officer salary is $64,660 with a large range between the high and low side. The most highly paid loan officers work for automobile dealerships. Want to live in one of the hottest neighborhoods of 2017? The Ultimate Job Interview Preparation Guide, Senior Software Developer salaries ($105k), Software Development Engineer salaries ($100k). ... $15,000.00 Signing Bonus for Loan Processors!! • Headquartered in Frisco, Texas, with an office in Arizona and remote opportunities across the U.S. • In the first 3 years, we tripled in size each year and funded more than $1 billion worth of loans, We have a special commitment to empower first-time homebuyers, Social justice starts at work, with pay transparency and inclusive management, Year after year, we speak out for integrated neighborhoods and eager service to all. Low rates, no lender fees, on-time closings, "At Redfin Mortgage, we’re given the autonomy to explore new ways of doing things and the resources to put our ideas to the test. Salary information comes from 86 data points collected directly from employees, users, and past and present job advertisements on Indeed in the past 36 months. 2018 2019 2020 How do Loan Officer salaries stack up to other jobs across the country? The total hourly cash compensation, which includes base and short-term incentives, can vary anywhere from $27 to $55 with the average total hourly cash compensation of $38. Perfect partnership: Work with Redfin Agents and Title to create a seamless experience at an unbeatable price. ✓ Best-in-class tech: Our engineers are dedicated to making you faster and more efficient with our proprietary loan-origination system. Apply now for jobs that are hiring near you. If you are using a screen reader, or having trouble reading this website, please call Redfin Customer Support for help at 1-844-759-7732. 9 Attention-Grabbing Cover Letter Examples, 10 of the Best Companies for Working From Home, The Top 20 Jobs With the Highest Satisfaction, 12 Companies That Will Pay You to Travel the World, 7 Types of Companies You Should Never Work For, How to Become the Candidate Recruiters Can’t Resist, 11 Words and Phrases to Use in Salary Negotiations, 10 High-Paying Jobs With Tons of Open Positions, Negotiating Over Email? Check out the latest Redfin Jobs & Careers, Redfin jumps to the #1 spot on GeekWire's rank of Pacific Northwest startups. The average hourly rate for Mortgage Loan Officer I ranges from $17 to $26 with the average hourly pay of $21. Those in the bottom 10 percent make under $33,000 a year, and the top percent make over $65,000 . Featured Schools. REDFIN and all REDFIN variants, TITLE FORWARD, WALK SCORE, and the R logos, are trademarks of Redfin Corporation, registered or pending in the USPTO. Just like any other job, the salary of a Loan Officer will increase as they become more experienced. ✓ Perfect partnership: Work with Redfin Agents and Title to create a seamless experience at an unbeatable price. Non-Redfin. May answer inquiries and resolve problems. Redfin Mortgage LLC is a subsidiary of Redfin. Join the future of lending at Redfin Mortgage. Full-time Salary: $45,000.00 to $55,000.00 /year As a Mortgage Loan Processor, you’ll be responsible for daily loan processing and... ... documentation and application process. Competitive compensation packages with a salary and bonuses . Loan Officers made a median salary of $63,270 in 2019. B. Mission-driven: We always put our customers first. Salary Rank . The best-paid 25 percent made $92,960 that year, while the lowest-paid 25 percent made $44,840. Loan Officer Salary (2018) $76,270: Source: U.S. Bureau of Labor Statistics. Or what the average mortgage loan officer salary is? Loan Officers made a median salary of $63,270 in 2019. In that time span I took 900 loan applications and our team funded roughly 250 loans. Get a competitive salary with a startup mindset. The average salary for Loan Officer at companies like Bank Of America in the United States is $102,047 as of January 29, 2021, but the range typically falls between $88,958 and $111,306. The average Mortgage Loan Officer salary in USA is $99,167 per year or $50.85 per hour. I worked for a loan officer for about 14 months who ranked in the top 1% of loan originators in the country. LinkedIn Mortgage Loan Officer in Moses Lake, WA There are over 81 "redfin… Redfin Mortgage, a wholly owned subsidiary of Redfin Corporation, is a different kind of lender…See this and similar jobs on LinkedIn. $15,000.00 Signing Bonus for Loan Processors!! See how your offer stacks up to other pay packages and negotiate confidently. Salaries at Redfin range from an average of $50,251 to $146,495 a year. We wanted to make it easy for our readers to compare the salary of a Loan Officer to all the other careers out there. Check out Redfin's annual list. ✓ Teamwork: A caring, collaborative culture where everyone speaks up and influences the future. Salaries posted anonymously by Redfin employees. A large part of a loan officer’s job is sales and customer service. All rights reserved. See Full Salary Details » Search CareerBuilder for Finance Mortgage Loan Officer On Salary Jobs and browse our platform. Real Estate Agents with this skill earn +61.67% more than the average base salary, which is $85,793 per year. ". Redfin Mortgage, a wholly-owned subsidiary of Redfin Corporation, is a different kind of lender that's revolutionizing the way people finance homes. The low-stress way to find your next "redfin" job opportunity is on SimplyHired. The Loan Officer Assistant must remain current on product knowledge and underwriting guidelines. We’re encouraged to think outside the box and change the game of lending. Here’s Exactly What to Write to Get Top Dollar, How To Follow Up After an Interview (With Templates! Patent pending. Redfin Agent Pay vs. Non-Redfin Agent Pay. Assumes no change in applicant's financial, employment, or credit status between the pre-approval application date and the transaction closing date. Salary Rankings And Facts See salaries, compare reviews, easily apply, and get hired. So we created Salary Rank. Apply to Loan Officer, Lending Officer, Senior Loan Officer and more! Copyright: © 2021 Redfin. If you're excited to work with Redfin Mortgage, tell us a little about yourself and we’ll get in touch to talk next steps. Each salary is associated with a real job position. Know Your Worth™. Salary rank. Glassdoor will not work properly unless browser cookie support is enabled. I care too much to sit on the sidelines, and Redfin Mortgage lets me jump right in. An entry-level Loan Officer with less than 1 year experience can expect to earn an average total compensation (includes tips, bonus, and overtime pay) of $41,561 based on 127 salaries. The median income for a loan officer in the United States was $63,650 in 2016, according to the Bureau of Labor Statistics (BLS). A free inside look at Redfin salary trends based on 886 salaries wages for 237 jobs at Redfin. Redfin salaries are collected from government agencies and companies. A competitor who finds a way for customers to win, A people-person because our soul is service, A multi-tasker because Redfin Mortgage keeps you busy, A team player because it will take all of us to redefine the mortgage industry, We work together with Redfin Agents & Title to give customers the experience they deserve, Redfin.com attracts millions of homebuyers in need of a mortgage every month. 8 Questions You Should Absolutely Ask An Interviewer, Associate Agent salaries - 74 salaries reported, Senior Agent salaries - 51 salaries reported, Real Estate Agent salaries - 45 salaries reported, Transaction Coordinator salaries - 36 salaries reported, Associate Agent salaries - 34 salaries reported, Software Developer II salaries - 30 salaries reported, Associate Agent salaries - 24 salaries reported, Listing Coordinator salaries - 21 salaries reported, Tour Coordinator salaries - 20 salaries reported, Lead Agent salaries - 17 salaries reported, Listing Specialist salaries - 17 salaries reported, Product Designer salaries - 16 salaries reported, Software Developer salaries - 14 salaries reported, Software Engineer salaries - 13 salaries reported, Team Manager salaries - 12 salaries reported, Senior Software Developer salaries - 11 salaries reported, Product Manager salaries - 10 salaries reported, Senior Software Engineer salaries - 10 salaries reported. Copyright © 2008–2021, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. How much do Redfin employees make? Do you work as a Loan Officer New "redfin" careers in Seattle, WA are added daily on SimplyHired.com. See all open positions. Redfin average salary is $120,181, median salary is $119,700 with a salary range from $68,000 to $165,000. Redfin Jobs by Salary Redfin pays its employees an average of $92,613 a year. Loan officers' salaries can depend on their employers and the scope of their responsibilities. Learn how to enable cookies. On the lower end, they can make $44,740 or $22 per hour, perhaps when just starting out or based on the state you live in. Best-in-class tech: Our engineers are dedicated to making you faster and more efficient with our proprietary loan-origination system. Houses (5 days ago) The jobs requiring this skill have increase by 1400.00% since 2018. We including average salaries for jobs related to Mortgage Loan Officer positions. The Loan Officer Assistant must play an integral part in increasing the Mortgage Advisor’s volume. The average Redfin salary ranges from approximately $28,170 per year for Associate Agent to $81,702 per year for Real Estate Agent. In 2017, the 85th percentile of Redfin agents earned $153,017, meaning 15 percent of Redfin agents earn this or more, while the 85th percentile of agents at other brokerages earned $119,986, in the same markets. 81 "redfin" jobs available in Seattle, WA. Glassdoor has millions of jobs plus salary information, company reviews, and interview questions from people on the inside making it easy to find a job that’s right for you. 55 Redfin jobs in Arlington, VA. Search job openings, see if they fit - company salaries, reviews, and more posted by Redfin employees. Importantly, all of these jobs are paid between $16,835 (22.8%) and $65,040 (88.2%) more than the average Mortgage Loan Officer salary of $73,756. Becoming a Loan Officer. Loan officer salaries vary by career path, but hard work is typically rewarded. Median Annual Salary: $63,040 ($30.31/hour) Top 10% Annual Salary: More than $132,080 ($63.50/hour) 297 Loan Officer jobs available in Seattle, WA on Indeed.com. Some types of loan officers, like mortgage originators, must find their own clients, and loan officers who work for banks and credit unions are expected to generate new business for their employer. Based on the latest jobs data nationwide, Loan Officer's can make an average annual salary of $75,170, or $36 per hour. ✓ Diversity: The best way to loan money to diverse people is to hire and promote diverse employees. Loan officers work with a lending institution and their borrowers to provide consultation, application, underwriting, approval, and deal-closing services on loans. Loan Officer Salary . Get a free, personalized salary estimate based on today's job market. The GeekWire 200 is Seattle's Startup Leaderboard, an index of the most prominent up-and-coming technology startup companies in Seattle and the Pacific Northwest. ), 7 of the Best Situational Interview Questions. Loan officers require more formal postsecondary training, earn a notably higher salary than real estate agents and currently have better job prospects due to a faster job growth rate.