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Vice President (VP), Mortgage Lending Salary

Commissions constitute a big slice (around one in three on average) of overall compensation for VPs of Mortgage Lending, and the median take-home for this group lies near $94K. 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. Job satisfaction is high and work is enjoyable for most VPs of Mortgage Lending. Most report receiving medical coverage from their employers and a large number collect dental insurance. Male VPs of Mortgage Lending are just a bit more common among those who completed the questionnaire than females ones, with male workers composing 56 percent of the field. Figures cited in this summary are based on replies to PayScale's salary questionnaire.

$48,759 - $124,515
(Median)
$49K
$83K
$120K
MEDIAN: $83,011
10%
50%
90%

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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.
)
$0$60K$120K$180K
Salary
$48,759 - $124,515  
   
Bonus
$1,192 - $30,040  
Profit Sharing
$2,027 - $14,795  
Commission
$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).
)
$52,029 - $145,230  
Country: United States | Currency: USD | Updated: 2 May 2015 | Individuals Reporting: 143

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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 usually report a few specific skills. Those who have experience with Loan Underwriting, Operations Management, and Mortgage Loans can expect to be compensated well for these skills. At the other end of the pay range are skills like Mortgage Loans and Operations Management. It is not unusual for someone who knows Loan Underwriting to be familiar with Operations Management as well.

Related Job Salaries

United States (change)

Experience Affects Vice President (VP), Mortgage Lending Salaries

Late-Career
up arrow 5%

National Average
$94,000

Experienced
up arrow 1%

Mid-Career
up arrow 11%

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

Loan Underwriting
up arrow 5%

National Average
$94,000

Operations Management
up arrow 4%

Mortgage Loans
up arrow 13%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 33 votes.

Gender

Female
44 %
Male
56 %

Years of Experience

1-4 years
4%
5-9 years
5%
10-19 years
44%
20 years or more
47%

Common Health Benefits

medical benefits Medical: 89% dental benefits Dental: 81%
vision benefits Vision: 66% employee benefits None: 8%
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