Commissions constitute a big slice (just below two-thirds on average) of overall compensation for Assistant VPs of Mortgage Lending, and the median take-home for this group lies near $78K. Total cash earnings of Assistant VPs of Mortgage Lending range from $44K on the low end to $119K on the high end; the final amount can include bonuses and profit sharing proceeds that occasionally exceed $20K and $12K, respectively. The most influential factor affecting pay for this group is location, though career length and the particular employer have a (lesser) impact as well. Most Assistant VPs of Mortgage Lending report high levels of job satisfaction. A large number report receiving medical coverage from their employers and a fair number collect dental insurance. The majority of Assistant VPs of Mortgage Lending (65 percent) who took the survey are female. The figures in this rundown are based on the results of PayScale's salary questionnaire.

$42,871 - $106,755
(Median)
$43K
$74K
$110K
MEDIAN: $74,025
10%
50%
90%

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$16.65 - $34.57
(Median)
$
$19
$
MEDIAN: $18.00
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
$42,871 - $106,755  
   
Bonus
$1,807 - $19,728  
Profit Sharing
$0.00 - $11,745  
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).
)
$43,753 - $119,001  
Country: United States | Currency: USD | Updated: 28 Oct 2016 | Individuals Reporting: 107
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
$18.60  
   
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
$1,807 - $19,728  
   
Commission
$50,000  
Profit Sharing
$0.00 - $11,745  
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).
)
$43,753 - $119,001  
Country: United States | Currency: USD | Updated: 28 Oct 2016 | 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

  • 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.

Common Career Paths for Assistant Vice President (AVP), Mortgage Lending


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Assistant VPs of Mortgage Lending may progress into high-paying roles like VP of Operations, where median compensation is $123K 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 show that Assistant VPs of Mortgage Lending typically report just a few professional skills. Most notably, skills in Operations Management, Mortgage Loans, Regulatory Compliance, and Loan Underwriting are correlated to pay that is above average. Those listing Consumer Loans as a skill should be prepared for drastically lower pay. Loan Underwriting and Regulatory Compliance also typically command lower compensation. Consumer Loans and Mortgage Loans are also commonly seen together.

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

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


Salaries for the relatively untried average out to around $62K, but survey participants with five to 10 years of experience earn a significantly higher median of $80K. The average pay reported by folks with 10 to 20 years of experience is around $76K. Seasoned workers who boast more than two decades of relevant experience enjoy a median salary of $87K, which is substantially larger than the medians reported by folks with fewer years on their resumes.

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 11%

Mid-Career
up arrow 3%

National Average
$78,000

Experienced
up arrow 2%

Entry-Level
up arrow 21%

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

Operations Management
up arrow 17%

National Average
$78,000


Regulatory Compliance
up arrow 15%

Loan Underwriting
up arrow 27%

Consumer Loans
up arrow 28%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 13 votes.

Gender

Female
65 %
Male
35 %

Years of Experience

1-4 years
18%
5-9 years
22%
10-19 years
36%
20 years or more
24%

Common Health Benefits

medical benefits
Medical: 84%
dental benefits
Dental: 77%
medical benefits
Vision: 70%
dental benefits
None: 14%
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