💼 Business & Finance ↑ 3% growth · Average

Mortgage Loan Officer (MLO)

Mortgage loan officers originate home loans — guiding borrowers through the application, approval, and closing process. Top MLOs in active housing markets earn $150K–$400K+. Florida's booming real estate market makes this especially lucrative.

$67,000 Median Salary
317K US Jobs
1–4 weeks Training
$300–$900 Typical Cost
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💰 Salary & Earning Potential

Salary data from the U.S. Bureau of Labor Statistics (BLS). Figures represent national averages — local wages vary by state, city, and employer.

Entry Level
$42,000
Median
$67,000
Experienced
$200,000
Want your state's salary? Select a state below to see local wage data, demand, and training programs.

📈 Job Outlook

3%
Projected Growth (10yr)
Average
317K
Total US Jobs
Active positions nationwide
NMLS MLO License
Required Credential
NMLS MLO License (20-hr SAFE Act pre-license)

🎓 Training & Education

Typical Program
NMLS pre-licensing course
Program Length
1–4 weeks
Typical Tuition
$300–$900
Work Setting
Mortgage companies, banks, credit unions, broker shops
🏆 Credential Required: NMLS MLO License (20-hr SAFE Act pre-license)

☀️ Day in the Life

A typical day as a Mortgage Loan Officer (MLO) involves working closely with clients and colleagues in a Mortgage companies environment. You'll apply your training daily while building expertise and advancing your career.

⚖️ Pros & Cons

Advantages

  • ✅ Strong job security
  • ✅ Rewarding work
  • ✅ Clear career progression
  • ✅ Growing demand

Challenges

  • ⚠️ Can be physically demanding
  • ⚠️ May require ongoing certification
  • ⚠️ Entry-level wages vary by region

🗺️ Mortgage Loan Officer (MLO) by State

See local salary data, licensing requirements, and schools in your state:

FL FloridaGA GeorgiaTX TexasCA CaliforniaNY New YorkNC North CarolinaIL IllinoisOH OhioPA PennsylvaniaAZ ArizonaAL AlabamaAR ArkansasLA LouisianaMS MississippiSC South CarolinaTN TennesseeVA VirginiaWV West VirginiaKY KentuckyMD MarylandDE DelawareNJ New JerseyCT ConnecticutMA MassachusettsRI Rhode IslandNH New HampshireVT VermontME MaineMI MichiganIN IndianaWI WisconsinMN MinnesotaIA IowaMO MissouriND North DakotaSD South DakotaNE NebraskaKS KansasOK OklahomaCO ColoradoMT MontanaWY WyomingID IdahoUT UtahNV NevadaNM New MexicoWA WashingtonOR OregonAK AlaskaHI HawaiiDC Washington DC