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Mortgage Loan Funder Salary (United States)

A Mortgage Loan Funder earns an average salary of $43,035 per year. Pay for this job rises steadily for more experienced workers, but goes down noticeably for employees with more than 20 years' experience. A skill in Mortgage Loans is associated with high pay for this job.
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%
Add this chart to your site: 640px    300px

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  
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  
Country: United States | Currency: USD | Updated: 3 Sep 2014 | Individuals Reporting: 111
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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.
Read More...
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.

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.

Related Job Salaries

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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%