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Mortgage Loan Funder Salary

A Mortgage Loan Funder earns an average salary of $42,410 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.
$31,117 - $59,583
(Median)
31K
37K
42K
50K
60K
MEDIAN: $42,409
10%
25%
50%
75%
90%

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$13.03 - $24.79
(Median)
13
18
21
25
MEDIAN: $17.00
10%
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$21K$42K$63K
Salary
$31,117 - $59,583  
   
Bonus
$0.00 - $7,647  
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).
)
$30,201 - $60,233  
Country: United States | Currency: USD | Updated: 11 Dec 2014 | Individuals Reporting: 150
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
$13.03 - $24.79  
   
Overtime
$17.41 - $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 - $7,647  
   
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).
)
$30,201 - $60,233  
Country: United States | Currency: USD | Updated: 11 Dec 2014 | Individuals Reporting: 110
United States (change)

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.

Pay Difference by Location

Related Job Salaries

Experience Affects Mortgage Loan Funder Salaries

Experienced
up arrow 19%

Mid-Career
up arrow 6%

Late-Career
up arrow 4%

National Average
$41,000

Entry-Level
up arrow 9%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 37 votes.

Gender

Female
79 %
Male
21 %

Years of Experience

Less than 1 year
2%
1-4 years
38%
5-9 years
23%
10-19 years
26%
20 years or more
11%

Common Health Benefits

medical benefits Medical: 78% dental benefits Dental: 74%
vision benefits Vision: 60% employee benefits None: 19%