Assistant Vice President (AVP), Mortgage Lending Salary

Total annual pay for Assistant VPs of Mortgage Lending is approximately $77K, and commissions account for a significant portion of this final number — a little less than one-half on average. Assistant VPs of Mortgage Lending will also find cushy salaries in Dallas (+10 percent) and Chicago (+7 percent). This report is based on responses to the PayScale salary survey.

$48,719 - $111,115
$49K
$74K
$110K
MEDIAN: $74,163
10%
50%
90%

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$16.60 - $28.25
$20
MEDIAN: $19.95
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
$48,719 - $111,115  
   
Bonus
$1,916 - $20,011  
Profit Sharing
$3,000  
Commission
$36,250  
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).
)
$48,124 - $120,190  
Country: United States | Currency: USD | Updated: 4 May 2017 | Individuals Reporting: 81
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
$19.95  
   
Overtime
$51.00  
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
$1,916 - $20,011  
   
Commission
$36,250  
Profit Sharing
$3,000  
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).
)
$48,124 - $120,190  
Country: United States | Currency: USD | Updated: 4 May 2017 | Individuals Reporting: 5

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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 $124K 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


Survey results suggest that Assistant VPs of Mortgage Lending put a wide range of professional skills to use. Most notably, skills in Operations Management, Mortgage Loans, Regulatory Compliance, 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 Regulatory Compliance also typically command lower compensation. It is not unusual for someone who knows Consumer Loans to be familiar with Mortgage Loans as well.

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

Pay by Experience for an Assistant Vice President (AVP), Mortgage Lending has a positive trend. An entry-level Assistant Vice President (AVP), Mortgage Lending with less than 5 years of experience can expect to earn an average total compensation of $65,000 based on 23 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. An Assistant Vice President (AVP), Mortgage Lending with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $83,000 based on 32 salaries. An experienced Assistant Vice President (AVP), Mortgage Lending which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $78,000 based on 41 salaries. An Assistant Vice President (AVP), Mortgage Lending with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $84,000 based on 20 salaries.

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
57 %
Male
43 %

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 12 votes.
1-4 years
19%
5-9 years
26%
10-19 years
36%
20 years or more
20%
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Location:
Years in Fields/Career:
United States (change)

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

Late-Career
▲9%

Mid-Career
▲7%

Experienced
▲1%

National Average
$77,000

Entry-Level
▼16%

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

Operations Management
▲16%

National Average
$77,000


Regulatory Compliance
▼14%

Consumer Loans
▼25%

Loan Underwriting
▼26%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 12 votes.

Gender

Female
57 %
Male
43 %

Years of Experience

1-4 years
19%
5-9 years
26%
10-19 years
36%
20 years or more
20%

Common Health Benefits

medical benefits
Medical: 81%
dental benefits
Dental: 70%
vision benefits
Vision: 59%
no benefits
None: 17%
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