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Assistant Vice President (AVP), Mortgage Lending Salary

A large fraction of take-home pay for Assistant VPs of Mortgage Lending comes from commissions — just over two-fifths on average, in fact. The median overall income in this field is approximately $72K. Assistant VPs of Mortgage Lending will also find cushy salaries in Chicago (+14 percent). The figures in this overview were provided by individuals who took PayScale's salary questionnaire.

$43,706 - $102,818
(Median)
$44K
$67K
$100K
MEDIAN: $67,368
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
$43,706 - $102,818  
   
Bonus
$1,009 - $15,686  
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).
)
$44,362 - $112,764  
Country: United States | Currency: USD | Updated: 2 May 2015 | Individuals Reporting: 236

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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


Pay for Assistant VPs of Mortgage Lending is the lowest at Bank of America Corp. (BOFA), which has a median salary of $73K. In addition, there's little room to grow there, with salaries maxing out at $91K.


Survey takers who work as 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.


More years of relevant experience do not necessarily translate to higher paychecks. Those in the early stages of their career can expect to make around $66K; however, individuals with five to 10 years of experience bring in $73K on average — a distinctly larger sum. After working for 10 to 20 years, Assistant VPs of Mortgage Lending make a median salary of $75K. Veterans who have worked for more than two decades do tend to make the most in the end; the median pay for this group is $78K.

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 1%

National Average
$72,000

Entry-Level
up arrow 9%

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

Operations Management
up arrow 11%

National Average
$72,000

Loan Underwriting
up arrow 8%


Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 56 votes.

Gender

Female
59 %
Male
41 %

Years of Experience

Less than 1 year
0%
1-4 years
15%
5-9 years
27%
10-19 years
38%
20 years or more
20%

Common Health Benefits

medical benefits Medical: 90% dental benefits Dental: 82%
vision benefits Vision: 65% employee benefits None: 7%