Assistant Vice President (AVP), Mortgage Lending Salary

On average, commissions constitute a fair portion (just below two-thirds) of final income for Assistant VPs of Mortgage Lending. That final number averages out to $78K across the industry. Assistant VPs of Mortgage Lending will also find cushy salaries in Dallas (+9 percent) and Chicago (+6 percent). The numbers in this rundown were provided by PayScale's salary survey participants.

$45,508 - $108,119
$46K
$74K
$110K
MEDIAN: $73,823
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
$45,508 - $108,119  
   
Bonus
$1,897 - $19,872  
Profit Sharing
$0.00 - $11,836  
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).
)
$48,441 - $118,621  
Country: United States | Currency: USD | Updated: 25 Mar 2017 | Individuals Reporting: 90
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
$1,897 - $19,872  
   
Commission
$50,000  
Profit Sharing
$0.00 - $11,836  
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).
)
$48,441 - $118,621  
Country: United States | Currency: USD | Updated: 25 Mar 2017 | Individuals Reporting: 6

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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


The smallest paychecks can be found at Bank of America Corp. (BOFA) — the median salary there is $73K; however, employees are subject to a wide range in pay, with salaries varying between $45K and $89K.

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


Job skills reported by Assistant VPs of Mortgage Lending are limited. 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

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


The average worker who claims fewer than five years of experience earns around $65K. In contrast, however, individuals who report five to 10 years in this occupation see a much larger median of $83K. Assistant VPs of Mortgage Lending with one to two decades of relevant experience report an average salary of approximately $78K. Old hands who claim more than two decades on the job enjoy average earnings of $84K.

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 11 votes.
1-4 years
18%
5-9 years
23%
10-19 years
39%
20 years or more
21%
Location:
Years in Fields/Career:
United States (change)

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

Late-Career
▲7%

Mid-Career
▲6%

Experienced
▼0%

National Average
$78,000

Entry-Level
▼17%

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

Operations Management
▲15%

National Average
$78,000


Regulatory Compliance
▼15%

Consumer Loans
▼26%

Loan Underwriting
▼27%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 11 votes.

Gender

Female
65 %
Male
35 %

Years of Experience

1-4 years
18%
5-9 years
23%
10-19 years
39%
20 years or more
21%

Common Health Benefits

medical benefits
Medical: 82%
dental benefits
Dental: 73%
vision benefits
Vision: 65%
dental benefits
None: 17%
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