In Jan of this year I was hired on as a new mortgage loan originator. We renegotiated my salary in April to $55K. I recently learned that banks here in my area are hiring brand new, low experience LO’s for $70K. The market is slow but I’ve been very consistent in what I’m bringing in and closing. My supervisor has stated we will be doing my review and salary discussion to be effective 1/1/23. I was going to ask for $75K but I’ve been told I should ask for $80K-$85K. Thoughts? Advice?

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I make 50k base (73k last year after bonus) as an non licensed LOA. I think the LOs in my company make much more. Go for the high end

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I thought loan originators were commission only.

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