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Mortgage Loan Funder Salary

Pay for Mortgage Loan Funders in the United States sits in the ballpark of $43K per year. Residence and experience level each impact pay for this group, with the former having the largest influence. A large number enjoy medical while the larger part get dental coverage. Vision coverage is also available to more than half. Most Mortgage Loan Funders report high levels of job satisfaction. The vast majority (80 percent) of Mortgage Loan Funders who took the survey are female. The numbers in this rundown were provided by PayScale's salary survey participants.
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$31,415 - $60,286
(Median)
$31K
$43K
$60K
MEDIAN: $43,068
10%
50%
90%

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$13.42 - $24.86
(Median)
$13
$18
$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
$31,415 - $60,286  
   
Bonus
$0.00 - $7,096  
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).
)
$30,535 - $60,431  
Country: United States | Currency: USD | Updated: 2 May 2015 | Individuals Reporting: 158
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
$13.42 - $24.86  
   
Overtime
$18.01 - $38.23  
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 - $7,096  
   
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).
)
$30,535 - $60,431  
Country: United States | Currency: USD | Updated: 2 May 2015 | Individuals Reporting: 116

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United States (change)


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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.


Those in the early stages of their career can expect to make around $38K; however, individuals with five to 10 years of experience bring in $44K on average — a distinctly larger sum. The average pay reported by folks with 10 to 20 years of experience is around $48K. Mortgage Loan Funders who claim more than two decades of experience actually make somewhat smaller average paychecks of $42K.

Pay Difference by Location


For Mortgage Loan Funders, Los Angeles provides a pay rate that is 28 percent greater than the national average. Mortgage Loan Funders will also find cushy salaries in San Ramon (+16 percent) and Irvine (+12 percent). Falling short of the national average by 8 percent, the area with the worst salaries is Sacramento.

Related Job Salaries

United States (change)

Experience Affects Mortgage Loan Funder Salaries

Experienced
up arrow 15%

Mid-Career
up arrow 4%

Late-Career
up arrow 1%

National Average
$42,000

Entry-Level
up arrow 9%

Job Satisfaction

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

Gender

Female
80 %
Male
20 %

Years of Experience

Less than 1 year
2%
1-4 years
37%
5-9 years
22%
10-19 years
27%
20 years or more
12%

Common Health Benefits

medical benefits Medical: 80% dental benefits Dental: 70%
vision benefits Vision: 58% employee benefits None: 18%
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