As of April 01, 2025, the average annual salary for a Mortgage Lending Manager in Rockford, IL is $107,191. According to Salary.com, salaries can range from a low of $85,367 to a high of $128,731, with most professionals earning between $95,767 and $118,466.
| Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
|
| 75th Percentile | $118,466 | $9,872 | $2,278 | $57 |
| Average | $107,191 | $8,933 | $2,061 | $52 |
| 25th Percentile | $95,767 | $7,981 | $1,842 | $46 |
An entry-level Mortgage Lending Manager with under 1 year experience makes about $102,928. With less than 2 years of experience, a mid-level Mortgage Lending Manager makes around $103,440. After 2-4 years, the Mortgage Lending Manager pay rises to about $105,145. Those senior Mortgage Lending Manager with 5-8 years of experience earn roughly $109,210, and those Mortgage Lending Manager having 8 years or more experience are expected to earn about $111,398 on average.
| Levels | Salary |
|---|---|
| Entry Level Mortgage Lending Manager | $102,928 |
| Intermediate Level Mortgage Lending Manager | $103,440 |
| Senior Level Mortgage Lending Manager | $105,145 |
| Specialist Level Mortgage Lending Manager | $109,210 |
| Expert Level Mortgage Lending Manager | $111,398 |
| Entry Level | 8% |
| Mid Level | 7% |
| Senior Level | 6% |
| Top Level | 2% |
| Experienced | 0% |
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Each competency has five to ten behavioral assertions that can be observed, each with a corresponding performance level (from one to five) that is required for a particular job.
Initiative: Taking decisive action and initiating plans independently to address problems, improve professional life, and achieve goals.
Scrum: Using an agile process for managing the lifecycle development of software products.
Underwriting: Underwriting services are provided by some large financial institutions, such as banks, or insurance or investment houses, whereby they guarantee payment in case of damage or financial loss and accept the financial risk for liability arising from such guarantee. An underwriting arrangement may be created in a number of situations including insurance, issue of securities in a public offering, and bank lending, among others. The person or institution that agrees to sell a minimum number of securities of the company for commission is called the underwriter. The name derives from the Lloyd's of London insurance market. Financial bankers, who would accept some of the risk on a given venture (historically a sea voyage with associated risks of shipwreck) in exchange for a premium, would literally write their names under the risk information that was written on a Lloyd's slip created for this purpose.
| Skill | Salary | Demand |
|---|---|---|
|
Scrum
|
$118,982 |
11%
|
|
Agile
|
$117,910 |
10%
|
|
Business Requirements
|
$115,766 |
8%
|
|
Coordination
|
$114,694 |
7%
|
|
Effective Communication
|
$114,694 |
7%
|
|
Relationship Management
|
$112,550 |
5%
|
