Assistant Vice President (AVP), Mortgage Lending Salary

A large fraction of take-home pay for Assistant VPs of Mortgage Lending comes from commissions — a little less than half on average, in fact. The median overall income in this field is approximately $77K. Assistant VPs of Mortgage Lending will also find cushy salaries in Dallas (+11 percent) and Chicago (+7 percent). This report is based on responses to the PayScale salary survey.

$45,302 - $115,686
$45K
$72K
$120K
MEDIAN: $71,815
10%
50%
90%

Add this chart to your site: 640px    300px

$0$122K
Salary $45,302 - $115,686
Bonus $1,860 - $20,413
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).
)
$47,303 - $122,048
  • Country: United States
  • Currency: USD
  • Updated: 25 Jul 2017
  • Individuals Reporting: 70

Find Out Exactly What You Should Be Paid

United States (change)

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.

Read More...

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


Add this chart to your site:   640px 640px    300px 300px


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

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


Bank of America Corp. (BOFA) is infamous for dishing out the smallest paychecks in the area (the median in that office is $73K), but the company pay scale is greatly mixed, meaning that workers on the low end may earn only $45K while workers on the upper end may rake in $89K.

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


Overall, survey participants reported applying a fair number of skills to their work. 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. Competency in Consumer Loans frequently indicates knowledge of Mortgage Loans.

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
49 %
Male
51 %

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 12 votes.
1-4 years
18%
5-9 years
27%
10-19 years
32%
20 years or more
23%
ADVERTISEMENT
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
49 %
Male
51 %

Years of Experience

1-4 years
18%
5-9 years
27%
10-19 years
32%
20 years or more
23%

Common Health Benefits

medical benefits
Medical: 84%
dental benefits
Dental: 73%
vision benefits
Vision: 58%
no benefits
None: 15%
ADVERTISEMENT