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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.
A loan officer deals in commercial loans -- car loans, mortgage loans, personal loans, business loans. When you borrow money, you pay for the service, and the loan officer is compensated by salary, commission or both. The arrangements vary from one organization to the next but basically come down to a percentage of the value of the loan to the employer.