The average wage for a Mortgage Loan Specialist is $16.01 per hour. Most people with this job move on to other positions after 20 years in this field.
Mortgage Loan Specialist 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.
)
$28,654 - $49,733
(Median)
29K
37K
42K
50K
MEDIAN: $36,707
10%
50%
75%
90%
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Mortgage Loan Specialist 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.
)
$12.65 - $20.37
(Median)
13
16
18
20
MEDIAN: $16.00
10%
50%
75%
90%
Add this chart to your site

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$17K$34K$51K
Salary
$28,654 - $49,733  
   
Bonus
$0.00 - $5,817  
Commission
$0.00 - $5,087  
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).
)
$28,196 - $48,720  
PayScale
Country: United States | Currency: USD | Updated: 19 Apr 2014 | Individuals Reporting: 272
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$11$22$33
Hourly Rate
$12.65 - $20.37  
   
Overtime
$18.04 - $32.11  
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$22K$44K$66K
Bonus
$0.00 - $5,817  
   
Commission
$0.00 - $5,087  
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).
)
$28,196 - $48,720  
PayScale
Country: United States | Currency: USD | Updated: 19 Apr 2014 | Individuals Reporting: 272
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Popular Employer Salaries for Mortgage Loan Specialist
Job Description for Mortgage Loan Specialist
  • Oversee processing of closing documents for loans.
  • Ensure that loans are funded.
Pay by Experience Level for Mortgage Loan Specialist
Median of all compensation (including tips, bonus, and overtime) by years of experience.

Experience Affects Mortgage Loan Specialist Salaries

Late-Career
up arrow 27%
Experienced
up arrow 8%
Mid-Career
0%
National Average
$36,000
Entry-Level
up arrow 4%
Job Satisfaction
Highly satisfied Image
Highly satisfied
Rated 4 out of 5 based on 66 votes.
Gender
Female
73%
female alumni
 
Male
27%
male alumni
Years of Experience
Less than 1 year
3%
1-4 years
47%
5-9 years
28%
10-19 years
15%
20 years or more
7%
Common Health Benefits
medical benefits Medical: 83% dental benefits Dental: 76%
vision benefits Vision: 58% employee benefits None: 15%
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