Assistant Vice President (AVP), Mortgage Lending Salary

Commissions form a big slice (nearly two in five) of total compensation for Assistant VPs of Mortgage Lending. The median income in this area hovers around $73K. Assistant VPs of Mortgage Lending will also find cushy salaries in Chicago (+13 percent).

$44,083 - $102,834
(Median)
$44K
$69K
$100K
MEDIAN: $68,500
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
$44,083 - $102,834  
   
Bonus
$1,021 - $15,316  
Profit Sharing
$59.60 - $5,537  
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).
)
$44,452 - $112,733  
Country: United States | Currency: USD | Updated: 2 Jul 2015 | Individuals Reporting: 237
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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


Not only do salaries lack room to grow — pay ranges from $53K to just $88K — but Bank of America Corp. (BOFA) offers the lowest pay in town to boot, with a median paycheck of $71K.


Assistant VPs of Mortgage Lending usually report a few specific skills. Those who have experience with Operations Management, Loan Underwriting, and Mortgage Loans can expect to be compensated well for these skills. Skills that pay less than market rate 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, experience does not seem to be a major factor in determining pay. The average worker who claims fewer than five years of experience earns around $67K. In contrast, however, individuals who report five to 10 years in this occupation see a much larger median of $73K. Assistant VPs of Mortgage Lending claiming one to two decades of experience make an estimated median of $75K. Ultimately, more time spent in the workforce does seem to translate to bigger paychecks; seasoned veterans with more than 20 years of experience report a median income of $80K.

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.

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

Late-Career
up arrow 9%

Experienced
up arrow 3%

Mid-Career
0%

National Average
$73,000

Entry-Level
up arrow 8%

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

Operations Management
up arrow 10%

National Average
$73,000

Loan Underwriting
up arrow 9%


Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 51 votes.

Gender

Female
62 %
Male
38 %

Years of Experience

Less than 1 year
0%
1-4 years
15%
5-9 years
26%
10-19 years
39%
20 years or more
20%

Common Health Benefits

medical benefits Medical: 89% dental benefits Dental: 83%
vision benefits Vision: 66% employee benefits None: 7%
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