Mortgage Loan Funder Salary

A Mortgage Loan Funder earns an average wage of $21.09 per hour.
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$32,115 - $62,407
$32K
$48K
$62K
MEDIAN: $48,145
10%
50%
90%

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$15.50 - $27.48
$15
$21
$27
MEDIAN: $21.05
10%
50%
90%

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$0$63K
Salary $32,115 - $62,407
Bonus $511 - $13,906
Profit Sharing $500
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).
)
$33,718 - $63,070
  • Country: United States
  • Currency: USD
  • Updated: 20 Sep 2017
  • Individuals Reporting: 87
Hourly Data $0$44
Hourly Rate $15.50 - $27.48
Overtime $21.28 - $44.07
Annual Data $0$63K
Bonus $511 - $13,906
Profit Sharing $500
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).
)
$33,718 - $63,070
  • Country: United States
  • Currency: USD
  • Updated: 20 Sep 2017
  • Individuals Reporting: 114

Find Out Exactly What You Should Be Paid

United States (change)

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 closings for that week.

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Mortgage Loan Funder Tasks

  • Ensure that loans are funded.
  • Oversee processing of closing documents for loans.

Common Career Paths for Mortgage Loan Funder


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Mortgage Loan Funder Job Listings

Pay by Experience Level for Mortgage Loan Funder

Pay by Experience for a Mortgage Loan Funder has a positive trend. An entry-level Mortgage Loan Funder with less than 5 years of experience can expect to earn an average total compensation of $41,000 based on 96 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Mortgage Loan Funder with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $48,000 based on 48 salaries. An experienced Mortgage Loan Funder which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $52,000 based on 72 salaries. A Mortgage Loan Funder with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $57,000 based on 33 salaries.

Pay Difference by Location

National Average: $46,445

Larger city markers indicate a job is popular in that location.

Mortgage Loan Funder Reviews

Q: What is it like working as a Mortgage Loan Funder?

Mortgage Loan Funder in Dallas:
"Wire."
Pros: Co workers.
Cons: Corporate culture and stress.

Related Job Salaries

Key Stats for Mortgage Loan Funder

Gender

Female
83 %
Male
17 %

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 24 votes.
Less than 1 year
4%
1-4 years
36%
5-9 years
19%
10-19 years
25%
20 years or more
16%
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Location:
Years in Fields/Career:
United States (change)

Experience Affects Mortgage Loan Funder Salaries

Late-Career
▲23%

Experienced
▲12%

Mid-Career
▲3%

National Average
$46,000

▼11%

Skills That Affect Mortgage Loan Funder Salaries

National Average
$46,000


Loan Processing
▼10%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 24 votes.

Gender

Female
83 %
Male
17 %

Years of Experience

Less than 1 year
4%
1-4 years
36%
5-9 years
19%
10-19 years
25%
20 years or more
16%

Common Health Benefits

medical benefits
Medical: 85%
dental benefits
Dental: 75%
vision benefits
Vision: 69%
no benefits
None: 13%
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