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Mortgage Loan Funder Salary

Mortgage Loan Funders in the United States take home an average $43K per year. Geography and career duration each impact pay for this group, with the former having the largest influence. There are far more female Mortgage Loan Funders who answered the questionnaire than men, making up 81 percent. Job satisfaction for Mortgage Loan Funders is high. A large number report receiving medical coverage from their employers and a fair number collect dental insurance. The figures in this overview were provided by individuals who took PayScale's salary questionnaire.
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$31,621 - $60,172
(Median)
$32K
$43K
$60K
MEDIAN: $43,068
10%
50%
90%

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$13.44 - $24.95
(Median)
$13
$19
$25
MEDIAN: $18.00
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$21K$42K$63K
Salary
$31,621 - $60,172  
   
Bonus
$0.00 - $7,000  
Commission
$0.00 - $9,896  
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).
)
$30,604 - $60,522  
Country: United States | Currency: USD | Updated: 16 May 2015 | Individuals Reporting: 162
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
$13.44 - $24.95  
   
Overtime
$18.16 - $38.96  
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 - $7,000  
   
Commission
$0.00 - $9,896  
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).
)
$30,604 - $60,522  
Country: United States | Currency: USD | Updated: 16 May 2015 | Individuals Reporting: 117
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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.

Mortgage Loan Specialist 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.


The average worker who claims fewer than five years of experience earns around $39K. In contrast, however, individuals who report five to 10 years in this occupation see a much larger median of $44K. People with 10 to 20 years of experience make an average of about $49K in this role. Survey respondents who have worked for more than 20 years actually report somewhat lower incomes of $44K.

Pay Difference by Location


For Mortgage Loan Funders, working in the bustling city of Los Angeles has its advantages, including an above-average pay rate. Mortgage Loan Funders will also find cushy salaries in San Ramon (+15 percent) and Irvine (+13 percent). Sacramento is home to the smallest salaries in the field, lagging the national average by 8 percent.

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Experience Affects Mortgage Loan Funder Salaries

Experienced
up arrow 16%

Mid-Career
up arrow 4%

Late-Career
up arrow 4%

National Average
$42,000

Entry-Level
up arrow 9%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 40 votes.

Gender

Female
81 %
Male
19 %

Years of Experience

Less than 1 year
2%
1-4 years
37%
5-9 years
23%
10-19 years
26%
20 years or more
12%

Common Health Benefits

medical benefits Medical: 81% dental benefits Dental: 70%
vision benefits Vision: 58% employee benefits None: 18%
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