Mortgage Loan Funder Salary (United States)

A Mortgage Loan Funder earns an average salary of $41,717 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. Most people with this job move on to other positions after 20 years in this field.
Mortgage Loan Funder Total Pay (?
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.
)
$30,610 - $58,409
(Median)
31K
36K
42K
49K
58K
MEDIAN: $41,717
10%
25%
50%
75%
90%
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Mortgage Loan Funder Total Pay (?
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.
)
$12.64 - $24.29
(Median)
13
15
18
20
24
MEDIAN: $17.00
10%
25%
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$20K$40K$60K
Salary
$30,610 - $58,409  
   
Bonus
$0.00 - $8,500  
Commission
$0.00 - $9,697  
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).
)
$29,961 - $59,378  
PayScale
Country: United States | Currency: USD | Updated: 11 Jun 2014 | Individuals Reporting: 266
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
$12.64 - $24.29  
   
Overtime
$14.97 - $37.35  
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 - $8,500  
   
Commission
$0.00 - $9,697  
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).
)
$29,961 - $59,378  
PayScale
Country: United States | Currency: USD | Updated: 11 Jun 2014 | Individuals Reporting: 266
Is Mortgage Loan Funder your job title? Get a personalized salary report!
Location:
United States (change)
Years in Field/Career:
Job Description for Mortgage Loan Funder
  • Oversee processing of closing documents for loans.
  • Ensure that loans are funded.
Read more about: Loan Officers

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.
Pay Difference By Location
Los Angeles
up arrow 32%
Irvine
up arrow 20%
San Ramon
up arrow 20%
San Diego
up arrow 13%
National Average
$41,000
Dallas
up arrow 4%
Sacramento
up arrow 6%
Larger circles over a city indicate a job is popular in that location.
Related Job Salaries

Experience Affects Mortgage Loan Funder Salaries

Experienced
up arrow 18%
Mid-Career
up arrow 6%
Late-Career
up arrow 3%
National Average
$41,000
Entry-Level
up arrow 8%

Skills That Affect Mortgage Loan Funder Salaries

Document Review and Distribution
up arrow 8%
National Average
$41,000
Job Satisfaction
Extremely satisfied Image
Extremely satisfied
Rated 5 out of 5 based on 40 votes.
Gender
Female
79%
female alumni
 
Male
21%
male alumni
Years of Experience
Less than 1 year
2%
1-4 years
38%
5-9 years
23%
10-19 years
25%
20 years or more
12%
Common Health Benefits
medical benefits Medical: 74% dental benefits Dental: 71%
vision benefits Vision: 58% employee benefits None: 23%
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