Total annual pay for Assistant VPs of Mortgage Lending is approximately $78K, and commissions account for a significant portion of this final number — just under two-thirds on average. In the world of Assistant VPs of Mortgage Lending, overall income ranges from $46K near the bottom to $119K at the top; this can include more than $20K from bonuses and more than $12K from profit sharing in exceptional cases. The most influential factor affecting pay for this group is geographic location, though experience level and the particular employer have a (lesser) impact as well. For the most part, Assistant VPs of Mortgage Lending enjoy their work and report high levels of job satisfaction. A large number enjoy medical while a fair number get dental coverage. Vision coverage is also available to the greater part. There are more female Assistant VPs of Mortgage Lending who answered the questionnaire than male, making up 65 percent.

$41,526 - $108,119
$42K
$73K
$110K
MEDIAN: $72,524
10%
50%
90%

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$16.95 - $34.57
$21
MEDIAN: $21.23
50%

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National Salary Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$50K$100K$150K
Salary
$41,526 - $108,119  
   
Bonus
$1,841 - $19,825  
Profit Sharing
$0.00 - $11,745  
Commission
$50,000  
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
$45,804 - $118,621  
Country: United States | Currency: USD | Updated: 18 Jan 2017 | Individuals Reporting: 100
National Hourly Rate Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$25$50$75
Hourly Rate
$21.23  
   
Overtime
$51.50  
National Annualized Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$50K$100K$150K
Bonus
$1,841 - $19,825  
   
Commission
$50,000  
Profit Sharing
$0.00 - $11,745  
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
$45,804 - $118,621  
Country: United States | Currency: USD | Updated: 18 Jan 2017 | Individuals Reporting: 6

Find Out Exactly What You Should Be Paid

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Job Description for Assistant Vice President (AVP), Mortgage Lending

Assistant vice presidents (AVPs) of mortgage lending work with their vice president and assist with the daily operations of a company's mortgage loan department. They are often responsible for monitoring the loan applications of mortgage brokers to ensure profitable loans are provided and that customers are able to pay them back, and also monitor the lender's profit margin to ensure profitability.

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Assistant Vice President (AVP), Mortgage Lending Tasks

  • Oversee and motivate loan staff, including setting goals and schedules.
  • Train staff in and ensure compliance with federal, state, and organizational regulations.
  • Select and negotiate with vendors and contractors, evaluating costs and benefits.

Common Career Paths for Assistant Vice President (AVP), Mortgage Lending


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Assistant VPs of Mortgage Lending may experience a large salary bump if they progress into a role such as VP of Operations. The latter position pays an average of $123K annually.

Assistant Vice President (AVP), Mortgage Lending Job Listings

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Popular Employer Salaries for Assistant Vice President (AVP), Mortgage Lending


Popular Skills for Assistant Vice President (AVP), Mortgage Lending


Assistant VPs of Mortgage Lending note just a narrow range of job skills. Most notably, skills in Operations Management, Regulatory Compliance, Mortgage Loans, and Consumer Loans are correlated to pay that is above average. Those listing Loan Underwriting as a skill should be prepared for drastically lower pay. Consumer Loans and Mortgage Loans also typically command lower compensation. Aptitude in Consumer Loans tends to also indicate an understanding of Mortgage Loans.

Pay by Experience Level for Assistant Vice President (AVP), Mortgage Lending

Median of all compensation (including tips, bonus, and overtime) by years of experience.


Salaries for the relatively untried average out to around $61K, but survey participants with five to 10 years of experience earn a significantly higher median of $83K. People with 10 to 20 years of experience make an average of about $77K in this role. Survey participants who have worked for more than two decades report bringing in $85K on average.

Assistant Vice President (AVP), Mortgage Lending Advice

Q: What is it like working as an Assistant Vice President (AVP), Mortgage Lending?

Assistant Vice President (AVP), Mortgage Lending in Houston:
"Rewarding But Tough."
You will need to stay open to new technology and be very flexible to rule changes. Much of your work will be governed by political changes in Washington, outside of your control.

Related Job Salaries

Key Stats for Assistant Vice President (AVP), Mortgage Lending

Gender

Female
65 %
Male
35 %

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 13 votes.
035
1-4 years
18%
5-9 years
22%
10-19 years
36%
20 years or more
25%
Location:
Years in Fields/Career:
United States (change)

Experience Affects Assistant Vice President (AVP), Mortgage Lending Salaries

Late-Career
up arrow 8%

Mid-Career
up arrow 6%

National Average
$78,000

Experienced
up arrow 2%

Entry-Level
up arrow 21%

Skills That Affect Assistant Vice President (AVP), Mortgage Lending Salaries

Operations Management
up arrow 15%

National Average
$78,000


Regulatory Compliance
up arrow 15%

Consumer Loans
up arrow 26%

Loan Underwriting
up arrow 27%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 13 votes.

Gender

Female
65 %
Male
35 %

Years of Experience

1-4 years
18%
5-9 years
22%
10-19 years
36%
20 years or more
25%

Common Health Benefits

medical benefits
Medical: 82%
dental benefits
Dental: 75%
vision benefits
Vision: 66%
dental benefits
None: 15%
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