The average hourly pay for a Mortgage Loan Funder is $22.48.
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What Do Mortgage Loan Funders Do?
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.
Job Satisfaction for Mortgage Loan Funder
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
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Product Development Specialist
Somewhat common (8 - 20%)
Mortgage Loan Funder Job Listings
What Are Popular Skills for Mortgage Loan Funders?
Skills in Mortgage Loans, Loan Processing, Residential Loans and Customer Service are correlated to pay that is above average. Skills that pay less than market rate include Loan Documents.
What is the Pay by Experience Level for Mortgage Loan Funders?
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 $17.95 based on 10 salaries. An early career Mortgage Loan Funder with 1-4 years of experience earns an average total compensation of $19.95 based on 82 salaries. A mid-career Mortgage Loan Funder with 5-9 years of experience earns an average total compensation of $23.17 based on 54 salaries. An experienced Mortgage Loan Funder with 10-19 years of experience earns an average total compensation of $25.10 based on 57 salaries. In their late career (20 years and higher), employees earn an average total compensation of $27.
Pay Difference by Location
Employees with Mortgage Loan Funder in their job title in Irvine, California earn an average of 22.3% more than the national average. These job titles also find higher than average salaries in Los Angeles, California (21.4% more) and Walnut Creek, California (18.8% more). The lowest salaries can be found in Dallas, Texas (19.9% less) and Tucson, Arizona (12.6% less).
Years of Experience
This data is based on 242 survey responses.