Mortgage Loan Specialist Salary (United States)

A Mortgage Loan Specialist earns an average wage of $15.94 per hour. People in this job generally don't have more than 20 years' experience. A skill in Loan Processing is associated with high pay for this job.
Mortgage Loan Specialist Salary (?
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.
)
$29,183 - $50,481
(Median)
29K
37K
44K
50K
MEDIAN: $37,044
10%
50%
75%
90%
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Mortgage Loan Specialist Salary (?
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.
)
$12.72 - $20.42
(Median)
13
16
18
20
MEDIAN: $15.00
10%
50%
75%
90%
Add this chart to your site: 640px    300px

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
$29,183 - $50,481  
   
Bonus
$0.00 - $6,008  
Profit Sharing
$302.50 - $2,500  
Commission
$0.00 - $8,000  
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).
)
$28,284 - $49,305  
Country: United States | Currency: USD | Updated: 3 Sep 2014 | Individuals Reporting: 147
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$12$24$36
Hourly Rate
$12.72 - $20.42  
   
Overtime
$18.16 - $34.98  
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$24K$48K$72K
Bonus
$0.00 - $6,008  
   
Commission
$0.00 - $8,000  
Profit Sharing
$302.50 - $2,500  
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).
)
$28,284 - $49,305  
Country: United States | Currency: USD | Updated: 3 Sep 2014 | Individuals Reporting: 154
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Job Description for Mortgage Loan Specialist

  • Oversee processing of closing documents for loans.
  • Ensure that loans are funded.

Mortgage Loan Specialist Job Listings

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Popular Employer Salaries for Mortgage Loan Specialist

Pay by Experience Level for Mortgage Loan Specialist

Median of all compensation (including tips, bonus, and overtime) by years of experience.

Pay Difference By Location

Dallas
up arrow 13%
National Average
$36,000
Richmond
up arrow 8%
Larger circles over a city indicate a job is popular in that location.

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Experience Affects Mortgage Loan Specialist Salaries

Late-Career
up arrow 27%
Experienced
up arrow 8%
Mid-Career
up arrow 2%
National Average
$36,000
Entry-Level
up arrow 4%

Job Satisfaction

Highly satisfied Image
Highly satisfied
Rated 4 out of 5 based on 63 votes.

Gender

Female
73%
female alumni
 
Male
27%
male alumni

Years of Experience

Less than 1 year
4%
1-4 years
47%
5-9 years
28%
10-19 years
16%
20 years or more
6%

Common Health Benefits

medical benefits Medical: 81% dental benefits Dental: 76%
vision benefits Vision: 58% employee benefits None: 16%