Get a Salary Report for



- Compare Your Salary
- Evaluate a Job Offer


- Price a New Hire
- Give a Raise



- Benchmark Jobs
- Create a Comp Plan

Vice President (VP), Mortgage Lending Salary (United States)

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.
Vice President (VP), Mortgage Lending 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.
)
$49,032 - $130,109
(Median)
49K
62K
81K
100K
130K
MEDIAN: $81,356
10%
25%
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$60K$120K$180K
Salary
$49,032 - $130,109  
   
Bonus
$1,184 - $29,851  
Profit Sharing
$1,007 - $14,899  
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).
)
$54,130 - $151,123  
Country: United States | Currency: USD | Updated: 11 Dec 2014 | Individuals Reporting: 147
Is Vice President (VP), Mortgage Lending your job title? Get a personalized salary report!
Location:
Years in Field/Career:
Location:
Years in Field/Career:
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

Search for more jobs:
job title / company
location

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

Find Out Exactly What You Should Be Paid
Job Title:
Years in Field/Career:
Location:
United States (change)
- OR -

Experience Affects Vice President (VP), Mortgage Lending Salaries

Late-Career
up arrow 7%
National Average
$92,000
Experienced
up arrow 1%
Mid-Career
up arrow 9%

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

Loan Underwriting
up arrow 13%
Operations Management
up arrow 6%
National Average
$92,000
Mortgage Loans
up arrow 27%

Job Satisfaction

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

Gender

Female
44%
female alumni
 
Male
56%
male alumni

Years of Experience

1-4 years
4%
5-9 years
7%
10-19 years
43%
20 years or more
46%

Common Health Benefits

medical benefits Medical: 88% dental benefits Dental: 80%
vision benefits Vision: 63% employee benefits None: 9%