Mortgage Loan Originator Salary in Grand Rapids, MI (2026)

Updated 49 days ago · 12 observed active listings

The job market for Mortgage Loan Originators in Grand Rapids is currently characterized by a modest number of open positions, totaling 12, which reflects a specific demand for skilled professionals in this field. Employers such as Bank of America and PNC are actively seeking candidates, indicating a competitive landscape that offers potential negotiating leverage for job seekers. The trimmed average salary of $49,525 suggests a balance between varying levels of experience and regional cost of living pressures, revealing that while entry-level positions may start low, there is considerable room for higher earnings as skills and experience accumulate.

Salary Distribution

Key Insights

• The limited number of open positions (12) suggests that while there is demand, it may not be high enough to drive salaries significantly upward, reflecting a cautious hiring environment.
• The salary range from $20,000 to $140,000 illustrates a diverse market where entry-level roles can be significantly lower than those requiring extensive experience, indicating a skills scarcity for more seasoned professionals.
• The distribution shows that the majority of positions are concentrated around the $40,000 to $60,000 range, with 290 positions at $60,000, suggesting that many employers are valuing candidates with some experience but not necessarily top-tier expertise.
• The wide gap between the 25th percentile ($40,000) and the 75th percentile ($60,000) highlights a significant difference in compensation based on experience, indicating that employers are willing to pay a premium for proven capabilities.
• Active employers in the region are likely responding to local economic factors and housing market dynamics, which can influence their compensation strategies and the availability of competitive salaries.

Current Mortgage Loan Originator Jobs in Grand Rapids

• Financial Solutions Advisor Registration Candidate - Gold Building, MI
  Bank of America · Grand Rapids, Kent County
  $64,892 – $64,892
• Senior Mortgage Processor - Float
  Lake Michigan Credit Union · Grand Rapids, Kent County
  $61,066 – $61,066
• Mortgage Loan Officer
  PNC · Grand Rapids, Kent County
  $60,918 – $60,918
• Financial Solutions Advisor Registration Candidate - Gold Building, MI
  Bank of America · Grand Rapids, Kent County
  $59,689 – $59,689
• Reverse Mortgage Originator Development Program
  Mutual of Omaha Mortgage · Grand Rapids, Kent County
  $56,148 – $56,148
• Mortgage Loan Officer-2
  Huntington National Bank · Grand Rapids, Kent County
  $51,492 – $51,492
• Mortgage Loan Officer
  PNC Bank · Grand Rapids, Kent County
  $50,910 – $50,910
• Mortgage Loan Originator
  Lake Michigan Credit Union · Grand Rapids, Kent County
  $50,310 – $50,310
• Emerging Market Mortgage Loan Originator
  First Financial Bank · Grand Rapids, Kent County
  $44,463 – $44,463
• Mortgage Loan Officer
  Independent Bank · Belmont, Kent County
  $44,217 – $44,217

Frequently Asked Questions

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