Median of all compensation (including tips, bonus, and overtime) by years of experience.
Starting out, salaries are typically $38K, which grows to $44K after five to 10 years. Those with one to two decades of experience under their belt tend to see salaries around $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, and senior people with more than 20 years under their belt fill out the remaining 12 percent. One to nine years of experience is standard for most employees in this area; more than half of respondents fit between this range.