Avg. Base Hourly Rate (USD)
The average hourly pay for a Mortgage Loan Specialist is $18.17
What is the Pay by Experience Level for Mortgage Loan Specialists?
An entry-level Mortgage Loan Specialist with less than 1 year experience can expect to earn an average total compensation (includes tips, bonus, and overtime pay) of $16.29 based on 24 salaries. An early career Mortgage Loan Specialist with 1-4 years of experience earns an average total compensation of $17.37 based on 111 …Read more
What Do Mortgage Loan Specialists Do?
Mortgage loan specialists help clients secure financing for homes and business-related buildings. Although some leads are presented to them directly, these specialists are generally required to find clients by working with realtors and businesses.
Those in this position may have minimum sales goals, and commission is usually offered based on their success. Mortgage loan specialists must be entirely familiar with all company policies and regulations within their field and should have …Read more
- Ensure that loans are funded.
- Oversee processing of closing documents for loans.