The average hourly pay for a Mortgage Loan Funder is $21.46.
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$16 - $28
$505 - $12,080
$442 - $1,006
$0 - $5,750
$34,537 - $62,775
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Job Description for Mortgage Loan Funder
Mortgage loan funders perform a variety of tasks at mortgage firms. They typically will be working in an office setting environment, where they answer client questions over the phone and prepare loan closing documents. Typically, they will also be required to call banks and credit companies and make sure all the funding is ready and in place for a mortgage loan. Mortgage loan funders typically work nine to five shifts but may be needed for extra hours or weekends, depending on the volume of clos…Read more
Mortgage Loan Funder Tasks
- Ensure that loans are funded.
- Oversee processing of closing documents for loans.
Popular Employer Salaries for Mortgage Loan Funder
Explore the most common career paths for Mortgage Loan Funder. Thickness and color of lines indicates popularity of movement from one job to the next. Visit our career path planner to research other job paths.
Mortgage Loan Funder
More common (> 20%)
Somewhat common (8 - 20%)
Less common (< 8%)
Mortgage Loan Funder Job Listings
Popular Skills for Mortgage Loan Funder
Avg. Hourly Rate
Skills in Mortgage Loans, Residential Loans and Loan Processing are correlated to pay that is above average. Skills that pay less than market rate include Customer Service and Loan Documents.
Pay by Experience Level for Mortgage Loan Funder
An entry-level Mortgage Loan Funder with less than 1 year experience can expect to earn an average total compensation (includes tips, bonus, and overtime pay) of $17.51 based on 13 salaries. An early career Mortgage Loan Funder with 1-4 years of experience earns an average total compensation of $19.37 based on 117 salaries. A mid-career Mortgage Loan Funder with 5-9 years of experience earns an average total compensation of $22.41 based on 66 salaries. An experienced Mortgage Loan Funder with 10-19 years of experience earns an average total compensation of $24.50 based on 85 salaries. In their late career (20 years and higher), employees earn an average total compensation of $26.
Pay Difference by Location
Learn more about cost of living by city.
Employees with Mortgage Loan Funder in their job title in Irvine, California earn an average of 27.3% more than the national average. These job titles also find higher than average salaries in Orange, California (17.8% more) and San Francisco, California (16.3% more). The lowest salaries can be found in Dallas, Texas (19.2% less).
Years of Experience
This data is based on 332 survey responses.