Vice President (VP), Mortgage Lending Salary

The average VP of Mortgage Lending in the United States can expect to rake in roughly $83K annually. In the world of VPs of Mortgage Lending, overall cash allowance can occasionally include more than $30K from bonuses and, in some exceptional cases, $9K from profit sharing, causing incomes to vary widely between $52K and $143K. Medical benefits are awarded to most, and a large number earn dental coverage. 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. Job satisfaction is reported as high by the vast majority of workers. This report is based on answers to PayScale's salary questionnaire.

$48,619 - $125,095
MEDIAN: $83,453

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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.
$48,619 - $125,095  
$1,184 - $29,851  
Profit Sharing
$2,013 - $8,940  
$0.00 - $60,000  
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).
$51,839 - $142,566  
Country: United States | Currency: USD | Updated: 2 Jul 2015 | Individuals Reporting: 141
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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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Typical VPs of Mortgage Lending report a focused set of job 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. 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

up arrow 6%

National Average

up arrow 3%

up arrow 10%

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

Loan Underwriting
up arrow 4%

Operations Management

National Average

Mortgage Loans
up arrow 12%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 31 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: 81%
vision benefits Vision: 67% employee benefits None: 9%