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Vice President (VP), Mortgage Lending Salary

VPs of Mortgage Lending in the United States tend to be well-versed in their field, and about nine in ten have more than 10 years of experience. Average salary is expected to be around $81K per year, but may range from $54K to $151K per year. Cash earnings of VPs of Mortgage Lending — including $30K in bonuses, $15K in profit sharing proceeds, and $152K in commissions near the top of the pay scale — stretch from approximately $54K to approximately $151K depending on individual performance. Most VPs of Mortgage Lending like their work and job satisfaction is high. Medical benefits are awarded to a large number, and a fair number earn dental coverage. Men make up a slight majority of VPs of Mortgage Lending (56 percent) who responded to the survey. Respondents to the PayScale salary survey provided the data for this report.
$49,032 - $130,109
MEDIAN: $81,356

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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.
$49,032 - $130,109  
$1,184 - $29,851  
Profit Sharing
$1,007 - $14,899  
$0.00 - $152,051  
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).
$54,130 - $151,123  
Country: United States | Currency: USD | Updated: 11 Dec 2014 | Individuals Reporting: 147
United States (change)

Job Description for Vice President (VP), Mortgage Lending

  • 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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VPs of Mortgage Lending report a focused set of job skills. Loan Underwriting and Operations Management are considered valuable skills and can increase employee pay by 13 percent and 6 percent, respectively. Mortgage Loans, on the other hand, is typically associated with much lower pay. Aptitude in Loan Underwriting tends to also indicate an understanding of Operations Management.

Related Job Salaries

Experience Affects Vice President (VP), Mortgage Lending Salaries

up arrow 7%

National Average

up arrow 1%

up arrow 9%

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

Loan Underwriting
up arrow 13%

Operations Management
up arrow 6%

National Average

Mortgage Loans
up arrow 27%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 36 votes.


44 %
56 %

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: 80%
vision benefits Vision: 63% employee benefits None: 9%