Assistant Vice President (AVP), Mortgage Lending Salary

On average, commissions constitute a fair portion (more than two-fifths) of final income for Assistant VPs of Mortgage Lending. That final number averages out to $71K across the industry. Assistant VPs of Mortgage Lending will also find cushy salaries in Chicago (+16 percent). This report is based on answers to PayScale's salary questionnaire.

$43,549 - $103,138
(Median)
$44K
$67K
$100K
MEDIAN: $66,582
10%
50%
90%

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National Salary Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$50K$100K$150K
Salary
$43,549 - $103,138  
   
Bonus
$992 - $15,179  
Profit Sharing
$780 - $5,575  
Commission
$13,500 - $45,000  
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).
)
$44,432 - $113,047  
Country: United States | Currency: USD | Updated: 31 Mar 2015 | Individuals Reporting: 231

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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

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

Assistant Vice President (AVP), Mortgage Lending Job Listings

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


Assistant VPs of Mortgage Lending will find the worst pay at Bank of America Corp. (BOFA), where the median salary crawls in at $71K. Furthermore, compensation is curbed at $91K, leaving little room for growth.


Survey results show that Assistant VPs of Mortgage Lending typically report just a few professional skills. Those who have experience with Operations Management, Loan Underwriting, and Mortgage Loans can expect to be compensated well for these skills. Skills that seem to negatively impact pay include Mortgage Loans and Loan Underwriting.

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

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


For Assistant VPs of Mortgage Lending, more experience in the field does not usually mean bigger paychecks. Salaries for the relatively untried average out to around $64K, but survey participants with five to 10 years of experience earn a significantly higher median of $72K. On average, Assistant VPs of Mortgage Lending make $74K following one to two decades on the job. In the end, more experience does seem to mean larger paychecks; seasoned Assistant VPs of Mortgage Lending with more than 20 years of experience earn a predictably higher median salary of $77K.

Assistant Vice President (AVP), Mortgage Lending Advice

What do you wish you knew about your job when you first started out?

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

United States (change)

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

Late-Career
up arrow 8%

Experienced
up arrow 4%

Mid-Career
up arrow 2%

National Average
$71,000

Entry-Level
up arrow 9%

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

Operations Management
up arrow 11%

National Average
$71,000

Loan Underwriting
up arrow 7%


Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 59 votes.

Gender

Female
57 %
Male
43 %

Years of Experience

Less than 1 year
0%
1-4 years
15%
5-9 years
28%
10-19 years
37%
20 years or more
19%

Common Health Benefits

medical benefits Medical: 90% dental benefits Dental: 81%
vision benefits Vision: 63% employee benefits None: 7%