A Mortgage Loan Funder earns an average wage of $20.53 per hour.
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$33,866 - $62,208
(Median)
$34K
$48K
$62K
MEDIAN: $47,982
10%
50%
90%

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$15.49 - $26.97
(Median)
$15
$21
$27
MEDIAN: $20
10%
50%
90%

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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$21K$42K$63K
Salary
$33,866 - $62,208  
   
Bonus
$587 - $12,365  
Profit Sharing
$225.00  
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).
)
$34,068 - $62,239  
Country: United States | Currency: USD | Updated: 28 Oct 2016 | Individuals Reporting: 94
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$14$28$42
Hourly Rate
$15.49 - $26.97  
   
Overtime
$22.25 - $40.78  
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$28K$56K$84K
Bonus
$587 - $12,365  
   
Profit Sharing
$225.00  
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).
)
$34,068 - $62,239  
Country: United States | Currency: USD | Updated: 28 Oct 2016 | Individuals Reporting: 108
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Job Description for Mortgage Loan Funder

Mortgage loan funders perform a variety of tasks at mortgage firms. They typically will be working in an office setting environment, where they answer client questions over the phone and prepare loan closing documents. Typically, they will also be required to call banks and credit companies and make sure all the funding is ready and in place for a mortgage loan. Mortgage loan funders typically work nine to five shifts but may be needed for extra hours or weekends, depending on the volume of closings for that week.

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Mortgage Loan Funder Tasks

  • Oversee processing of closing documents for loans.
  • Ensure that loans are funded.

Common Career Paths for Mortgage Loan Funder


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Pay by Experience Level for Mortgage Loan Funder

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

Related Job Salaries

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Experience Affects Mortgage Loan Funder Salaries

Late-Career
up arrow 23%

Experienced
up arrow 12%

National Average
$46,000

Mid-Career
up arrow 6%

Entry-Level
up arrow 11%

Skills That Affect Mortgage Loan Funder Salaries

National Average
$46,000

Mortgage Loans
up arrow 4%

Loan Processing
up arrow 10%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 19 votes.

Gender

Female
81 %
Male
19 %

Years of Experience

Less than 1 year
5%
1-4 years
34%
5-9 years
17%
10-19 years
27%
20 years or more
16%

Common Health Benefits

medical benefits
Medical: 87%
dental benefits
Dental: 73%
medical benefits
Vision: 65%
dental benefits
None: 10%
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