Vice President (VP), Mortgage Lending Salary

The average VP of Mortgage Lending in the United States can expect to rake in roughly $84K annually. Overall cash earnings for VPs of Mortgage Lending stretch from $52K on the lower end to $142K near the top, and the heftiest packages can encompass around $30K from bonuses and $9K from profit sharing. 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. Medical benefits are awarded to most, and a large number earn dental coverage. Work is enjoyable for VPs of Mortgage Lending, who typically claim high levels of job satisfaction. This overview is based on answers to PayScale's salary questionnaire.

$48,689 - $124,966
(Median)
$49K
$84K
$120K
MEDIAN: $83,564
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$50K$100K$150K
Salary
$48,689 - $124,966  
   
Bonus
$1,184 - $29,851  
Profit Sharing
$2,013 - $8,940  
Commission
$-0.49 - $58,958  
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).
)
$51,933 - $142,432  
Country: United States | Currency: USD | Updated: 20 Jun 2015 | Individuals Reporting: 142
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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.

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Job skills reported by VPs of Mortgage Lending are limited. 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. Loan Underwriting and Operations Management are correlating skills — those who know the former usually know the latter.

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Experience Affects Vice President (VP), Mortgage Lending Salaries

Late-Career
up arrow 6%

National Average
$94,000

Experienced
up arrow 3%

Mid-Career
up arrow 11%

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

Loan Underwriting
up arrow 4%

Operations Management
0%

National Average
$94,000

Mortgage Loans
up arrow 12%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 31 votes.

Gender

Female
44 %
Male
56 %

Years of Experience

1-4 years
4%
5-9 years
6%
10-19 years
40%
20 years or more
50%

Common Health Benefits

medical benefits Medical: 88% dental benefits Dental: 80%
vision benefits Vision: 66% employee benefits None: 9%
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