Mortgage Loan Funder Salary (United States)

Mortgage Loan Funders in the United States usually make around $41,508 annually. Pay ranges from $30,072 on the low end to $60,022 per year on the higher side. Location is the biggest factor affecting pay for this group, followed by career duration. Some workers in this field—around one in five—are not awarded benefits. Medical coverage is reported by most and dental plans are enjoyed by most. The majority of workers are highly satisfied with their job. This synopsis is derived from the responses of individuals who took PayScale's salary survey.
Mortgage Loan Funder Salary (?
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.
)
$31,244 - $59,191
(Median)
31K
37K
43K
50K
59K
MEDIAN: $43,035
10%
25%
50%
75%
90%
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Mortgage Loan Funder Salary (?
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.
)
$12.83 - $24.75
(Median)
13
18
21
25
MEDIAN: $17.00
10%
50%
75%
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$21K$42K$63K
Salary
$31,244 - $59,191  
   
Bonus
$0.00 - $7,964  
Commission
$0.00 - $9,586  
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).
)
$30,072 - $60,022  
PayScale
Country: United States | Currency: USD | Updated: 3 Sep 2014 | Individuals Reporting: 154
National Hourly Rate 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$13$26$39
Hourly Rate
$12.83 - $24.75  
   
Overtime
$15.09 - $38.10  
National Annualized 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$26K$52K$78K
Bonus
$0.00 - $7,964  
   
Commission
$0.00 - $9,586  
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).
)
$30,072 - $60,022  
PayScale
Country: United States | Currency: USD | Updated: 3 Sep 2014 | Individuals Reporting: 111
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United States (change)
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Job Description for Mortgage Loan Funder

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

Mortgage Loan Funder Job Listings

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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.
At career start, salaries are typically $38K, which grows to $44K after five to 10 years. Those who spend a decent amount of time in this profession—one to two decades—usually make about $49K. After working for two decades in the field, Mortgage Loan Funders experience a drop in salary, averaging $42K. Experienced employees who have 10-20 years of experience make up 27 percent of the workforce; inexperienced individuals who have been working for less than one year comprise less than five percent, and senior people with more than 20 years under their belt fill out the remaining 12 percent. More than half of respondents report one to nine years of experience.

Pay Difference By Location

Los Angeles
up arrow 30%
Irvine
up arrow 20%
San Ramon
up arrow 18%
San Diego
up arrow 12%
National Average
$42,000
Sacramento
up arrow 7%
Larger circles over a city indicate a job is popular in that location.
With a pay rate for Mortgage Loan Funders that is 30 percent greater than the national average, Los Angeles offers a comfortable salary for those in this profession. Mortgage Loan Funders will also find cushy salaries in Irvine (+20 percent) and San Ramon (+18 percent). Sacramento ranks last in the field for pay, reporting salaries 7 percent below the national average.

Related Job Salaries

Experience Affects Mortgage Loan Funder Salaries

Experienced
up arrow 19%
Mid-Career
up arrow 7%
Late-Career
up arrow 3%
National Average
$42,000
Entry-Level
up arrow 9%

Job Satisfaction

Extremely satisfied Image
Extremely satisfied
Rated 5 out of 5 based on 38 votes.

Gender

Female
81%
female alumni
 
Male
19%
male alumni

Years of Experience

Less than 1 year
2%
1-4 years
36%
5-9 years
23%
10-19 years
27%
20 years or more
12%

Common Health Benefits

medical benefits Medical: 77% dental benefits Dental: 72%
vision benefits Vision: 60% employee benefits None: 20%
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