Vice President (VP), Mortgage Lending Salary

Commissions form a big slice (three in five) of total compensation for VPs of Mortgage Lending. The median income in this area hovers around $91K. Cash earnings for VPs of Mortgage Lending — including $45K in bonuses and $15K in profit sharing proceeds near the top of the pay scale — generally stretch from $55K to $166K depending on individual performance. Almost all report receiving medical coverage from their employers and a fair number collect dental insurance. Most VPs of Mortgage Lending like their work and job satisfaction is high. Female VPs of Mortgage Lending are more common than men among those who completed the survey; more than half (62 percent) are women. This report is based on answers to PayScale's salary questionnaire.

$51,607 - $142,636
$52K
$81K
$140K
MEDIAN: $81,331
10%
50%
90%

Add this chart to your site: 640px    300px

$0$165K
Salary $51,607 - $142,636
Bonus $3,488 - $45,150
Profit Sharing $391.49 - $14,899
Commission $55,000
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).
)
$55,438 - $165,976
  • Country: United States
  • Currency: USD
  • Updated: 11 Jul 2017
  • Individuals Reporting: 113

Find Out Exactly What You Should Be Paid

United States (change)

Employers: Start Here »

Job Description for Vice President (VP), Mortgage Lending

A vice president (VP) of mortgage lending overseas their financial institution's mortgage lending department, which can be in one location or an entire region. The vice president structures credit policies for the company; for example, this includes the requirements that must be met before a customer secures a loan and requirements to obtain pre-approval. Additionally, guidelines for the underwriting department and other departments involved in the loan evaluation and granting process are created and modified by the vice president when necessary.

Read More...

Vice President (VP), Mortgage Lending Tasks

  • Work with senior management to develop strategic plans to develop and improve lending operations.
  • Examine department service, processes, and products to make sure they meet customer needs.
  • Oversee loan department processes to ensure all procedures and regulations are followed.
  • Manage the operations of the loan department, including sales, reviewing applications, and closing loans.

Vice President (VP), Mortgage Lending Job Listings

Pay by Experience Level for Vice President (VP), Mortgage Lending

Pay by Experience for a Vice President (VP), Mortgage Lending has a positive trend. An entry-level Vice President (VP), Mortgage Lending with less than 5 years of experience can expect to earn an average total compensation of $70,000 based on 9 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Vice President (VP), Mortgage Lending with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $111,000 based on 15 salaries. An experienced Vice President (VP), Mortgage Lending which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $96,000 based on 51 salaries. A Vice President (VP), Mortgage Lending with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $97,000 based on 59 salaries.

Related Job Salaries

Key Stats for Vice President (VP), Mortgage Lending

Gender

Female
62 %
Male
38 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 19 votes.
1-4 years
3%
5-9 years
7%
10-19 years
39%
20 years or more
51%
ADVERTISEMENT
Location:
Years in Fields/Career:
United States (change)

Experience Affects Vice President (VP), Mortgage Lending Salaries

Mid-Career
▲21%

▲7%

▲5%

National Average
$91,000

Entry-Level
▼24%

Skills That Affect Vice President (VP), Mortgage Lending Salaries


National Average
$91,000


Mortgage Loans
▼10%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 19 votes.

Gender

Female
62 %
Male
38 %

Years of Experience

1-4 years
3%
5-9 years
7%
10-19 years
39%
20 years or more
51%

Common Health Benefits

medical benefits
Medical: 93%
dental benefits
Dental: 74%
vision benefits
Vision: 66%
no benefits
None: 6%
ADVERTISEMENT