Vice President (VP), Mortgage Lending Salary

For VPs of Mortgage Lending, yearly average wages total $83K annually. Overall cash earnings for VPs of Mortgage Lending stretch from $52K on the lower end to $145K near the top, and the heftiest packages can encompass around $30K from bonuses and $15K from profit sharing. Men working as VPs of Mortgage Lending who took the survey just slightly outnumber women at 54 percent. Most workers in this position report high levels of job satisfaction. Medical benefits are awarded to most, and a large number earn dental coverage. The information for this snapshot was generated by responses to the PayScale salary survey.

$49,032 - $127,289
MEDIAN: $83,453

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National Salary Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
$49,032 - $127,289  
$1,216 - $29,656  
Profit Sharing
$1,021 - $14,681  
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).
$52,440 - $144,627  
Country: United States | Currency: USD | Updated: 20 Sep 2015 | Individuals Reporting: 147
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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.


Vice President (VP), Mortgage Lending Tasks

  • 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.
  • 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.

Vice President (VP), Mortgage Lending Job Listings

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Survey takers who work as VPs of Mortgage Lending typically report just a few professional skills. Those who have experience with Loan Underwriting, Operations Management, and Mortgage Loans can expect to be compensated well for these skills. Skills that pay less than market rate include Mortgage Loans. Employees educated in Loan Underwriting are typically practiced in Operations Management, too.

Pay by Experience Level for

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

VPs of Mortgage Lending with a lot of experience do not necessarily enjoy more money. Those in the early stages of their career can expect to make around $70K; however, individuals with five to 10 years of experience bring in $84K on average — a distinctly larger sum. On average, VPs of Mortgage Lending make $90K following one to two decades on the job. Survey participants who have spent more than 20 years on the job report a predictably higher median income of $99K, demonstrating that compensation is roughly commensurate with experience in the end.

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Experience Affects Salaries

up arrow 6%

National Average

up arrow 3%

up arrow 10%

up arrow 25%

Skills That Affect Salaries

National Average

Loan Underwriting
up arrow 2%

Operations Management
up arrow 2%

Mortgage Loans
up arrow 12%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 29 votes.


46 %
54 %

Years of Experience

1-4 years
5-9 years
10-19 years
20 years or more

Common Health Benefits

medical benefits Medical: 88% dental benefits Dental: 81%
vision benefits Vision: 68% employee benefits None: 8%