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How much does a Mortgage Loan Officer make in Seattle?The average Mortgage Loan Officer salary is $33,684. In Seattle, a Mortgage Loan Officer can make $39,779, which is 18.1% higher than the national median. Filter by location to see Mortgage Loan Officer salaries in your area.
How They Get Paid. Unlike loan officers, mortgage brokers donât work for banks. They operate independently and must be licensed. They charge a fee for their service, which is either paid by you, the borrower or the lender. The fee is a small percentage of the loan amount, generally between 1% and 2%.