California Mortgage Loan Originators make a great living, and you can too.
California is one of the most expensive states in which to live, with the average cost of a home hovering around $500,000. With so many people moving here for work or vacation, it’s no wonder that the mortgage business is booming!
As a Mortgage Loan Originator in California, you’ll be working directly with borrowers to get them into their dream homes. You’ll help them understand what they need to do to qualify for a mortgage loan and then guide them through the process. You’ll be responsible for understanding all of the details involved in getting approved for a home loan and making sure your clients have all of the information they need before they make an offer on a house.
In this position, you’ll spend most of your time educating clients about different types of mortgages and how they work. You’ll also spend time helping customers understand why certain loans are better than others based on their individual needs (such as interest rates or tax savings). Once you’ve helped your customer choose an option that works best for them, you’ll go through all of the necessary paperwork so that they can close on their new home quickly without any issues arising from lack of preparation on either side’s part.
Mortgage Loan Originator Salary In Florida
As of Jun 15, 2022, the average annual pay for the Mortgage LOAN Originator jobs category in California is $95,260 a year. Just in case you need a simple salary calculator, that works out to be approximately $45.80 an hour. This is the equivalent of $1,832/week or $7,938/month.
While ZipRecruiter is seeing salaries as high as $248,318 and as low as $18,872, the majority of salaries within the Mortgage LOAN Originator jobs category currently range between $49,663 (25th percentile) to $112,736 (75th percentile) with top earners (90th percentile) making $198,654 annually in California.
The average pay range for a Mortgage LOAN Originator job varies greatly (as much as $63,073), which suggests there may be many opportunities for advancement and increased pay based on skill level, location and years of experience.
Based on recent job posting activity on ZipRecruiter, the Mortgage LOAN Originator job market in California is not very active as few companies are currently hiring.
California ranks number 10 out of 50 states nationwide for Mortgage LOAN Originator job salaries.
To estimate the most accurate annual salary range for Mortgage LOAN Originator jobs, ZipRecruiter continuously scans its database of millions of active jobs published locally throughout America.
Find your next high paying job within the Mortgage LOAN Originator category on ZipRecruiter today.
What are Top 10 Highest Paying Cities for Mortgage LOAN Originator Jobs in California
We’ve identified 10 cities where the typical salary for a Mortgage LOAN Originator job is above the average in California. Topping the list is San Mateo, with Daly City and Berkeley close behind in second and third. Berkeley beats the California average by 23.2%, and San Mateo furthers that trend with another $24,090 (25.3%) above the $95,260.
With these 10 cities paying on average above the average for California, the opportunities for economic advancement by changing locations in the Mortgage LOAN Originator jobs category appears to be exceedingly fruitful.
Finally, another factor to consider is the average salary for these top 10 cities varies very little at 13% between San Mateo and Elk Grove, reinforcing the limited potential for much wage advancement. The possibility of a lower cost of living may be the best factor to use when considering location and salary for a Mortgage LOAN Originator role.
| City | Annual Salary | Monthly Pay | Weekly Pay | Hourly Wage |
|---|---|---|---|---|
| San Mateo | $119,351 | $9,946 | $2,295 | $57.38 |
| Daly City | $117,473 | $9,789 | $2,259 | $56.48 |
| Berkeley | $117,408 | $9,784 | $2,258 | $56.45 |
| Richmond | $111,594 | $9,299 | $2,146 | $53.65 |
| Santa Clara | $108,991 | $9,083 | $2,096 | $52.40 |
| San Francisco | $108,004 | $9,000 | $2,077 | $51.93 |
| San Diego | $105,802 | $8,817 | $2,035 | $50.87 |
| Fremont | $105,763 | $8,814 | $2,034 | $50.85 |
| San Bernardino | $104,528 | $8,711 | $2,010 | $50.25 |
| Elk Grove | $104,313 | $8,693 | $2,006 | $50.15 |
