Mortgage Loan Originator Salary in Peoria, IL ()
Updated 49 days ago · 11 observed active listings
The salary landscape for Mortgage Loan Originators in Peoria, IL, is shaped by a combination of local demand, industry presence, and salary competition among employers. With a trimmed average salary of $49,525, entry-level candidates can expect to earn around the 25th percentile at approximately $40,000. The high variation in salaries—ranging from $20,000 to $140,000—indicates a market where experience and employer pay structures significantly influence earnings, while the concentration of active employers like Bank of America and U.S. Bank provides solid starting points for newcomers seeking growth opportunities.
Salary Distribution
Key Insights
- The wide P10–P90 spread ($20,000–$140,000) reflects the varying levels of experience and performance expectations in the field, indicating that while entry-level opportunities are available, top performers can command much higher salaries based on their expertise and success in generating loans.
- The salary distribution shows a concentration of positions around $60,000, which suggests that many Mortgage Loan Originators in Peoria possess a moderate level of experience, with employers willing to pay for proven results in a competitive market.
- Given that the 75th percentile salary remains at $60,000, it reveals a potential plateau for many mid-level professionals, indicating that to break into higher earnings, additional skills or certifications may be necessary.
- The presence of large financial institutions such as Bank of America and U.S. Bank creates a competitive environment that may drive up salaries, as these employers often have more resources and are willing to offer better compensation packages to attract talent.
- The relatively low number of open positions (11) indicates that while there is demand, the market may not be aggressively hiring, which can affect salary offers due to the limited availability of roles.
Current Mortgage Loan Originator Jobs in Peoria
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Oneaz Credit Union · Glendale, Maricopa County$117,646 – $117,646
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Nova Home Loans · Sun City, Maricopa County$117,003 – $117,003
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Bank of America · Peoria, Maricopa County$73,520 – $73,520
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Bank of America · Glendale, Maricopa County$61,236 – $61,236
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Bank of America · Glendale, Maricopa County$56,125 – $56,125
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Copper State Credit Union · Glendale, Maricopa County$49,920 – $51,480
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U.S. Bank · Glendale, Maricopa County$43,264 – $43,264
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Sunflower Bank, N.A. · Tolleson, Maricopa County$42,777 – $42,777
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Wallick & Volk · Sun City West, Maricopa County$38,010 – $38,010
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JPMorganChase · Glendale, Maricopa County$34,465 – $34,465
Frequently Asked Questions
What is the average Mortgage Loan Originator salary in Peoria, IL?
The average Mortgage Loan Originator salary in Peoria, IL is $49,525 per year, with a range from $20,000 to $140,000.
How many Mortgage Loan Originator jobs are available in Peoria?
There are currently 11 open Mortgage Loan Originator positions in Peoria, IL.
What factors affect Mortgage Loan Originator salaries in Peoria?
Mortgage Loan Originator salaries in Peoria vary based on experience level, company size, industry sector, certifications, and demand. Cost of living in Peoria also plays a significant role in compensation levels.
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Career Intelligence — Mortgage Loan Originator in Peoria
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