What is the hourly salary range of Mortgage Loan Funding Clerk, Sr.?

As of March 01, 2025, the average hourly pay of Mortgage Loan Funding Clerk, Sr. in the United States is $25. While Salary.com is seeing that Mortgage Loan Funding Clerk, Sr. salary in the US can go up to $30 or down to $20, but most earn between $22 and $27. Salary.com shows the average base salary (core compensation), as well as the average total cash compensation for the job of Mortgage Loan Funding Clerk, Sr. in the United States.

Mortgage Loan Funding Clerk, Sr. Salaries by Percentile
Annual
Salary
Monthly
Pay
Weekly
Pay
Hourly
Wage
75th Percentile $56,586 $4,716 $1,088 $27
Average $51,121 $4,260 $983 $25
25th Percentile $45,652 $3,804 $878 $22
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What is the yearly and monthly salary as a Mortgage Loan Funding Clerk, Sr.?

As of March 01, 2025, the average annual salary is $51,121 (range: $40,674 to $61,562); the average monthly salary is $4,260 (range: $3,389 to $5,130).

Click the switch button below to see weekly and hourly salary of a Mortgage Loan Funding Clerk, Sr..

Last Updated on March 01, 2025
Last Updated on March 01, 2025

How Does Experience Level Affect a Mortgage Loan Funding Clerk, Sr.'s Salary?

As of March 01, 2025, Salary.com is seeing that an entry-level Mortgage Loan Funding Clerk, Sr. with under 1 year experience makes about $47,452. With less than 2 years of experience, a mid-level Mortgage Loan Funding Clerk, Sr. makes around $47,855. After 2-4 years, the Mortgage Loan Funding Clerk, Sr. pay rises to about $51,079. Those senior Mortgage Loan Funding Clerk, Sr. with 5-8 years of experience earn roughly $54,711, and those Mortgage Loan Funding Clerk, Sr. having 8 years or more experience is expected to earn about $54,953 on average.

Levels Salary
Entry Level Mortgage Loan Funding Clerk, Sr. $47,452
Intermediate Level Mortgage Loan Funding Clerk, Sr. $47,855
Senior Level Mortgage Loan Funding Clerk, Sr. $51,079
Specialist Level Mortgage Loan Funding Clerk, Sr. $54,711
Expert Level Mortgage Loan Funding Clerk, Sr. $54,953
$47,452 0 yr
$47,855 < 2 yrs
$51,079 2-4 yrs
$54,711 5-8 yrs
$54,953 > 8 yrs
Last Updated on March 01, 2025
Entry Level 7%
Mid Level 6%
Senior Level 0%
Top Level 7%
Experienced 7%
View as graph
Last Updated on March 01, 2025

How much does salary of Mortgage Loan Funding Clerk, Sr. vary from city to city?

Salaries in the United States can vary significantly from city to city due to a multitude of factors, including cost of living, local economic conditions, and industry presence.

For example, as of March 01, 2025, the average yearly salary of Mortgage Loan Funding Clerk, Sr. in San Francisco, CA is $63,901 and in New York, NY, the average annual salary goes to $59,709. While a Mortgage Loan Funding Clerk, Sr. earns $57,306 per year in Boston, MA.

What is the salary trend of Mortgage Loan Funding Clerk, Sr.?

For those exploring the changing dynamics of Mortgage Loan Funding Clerk, Sr. salaries, Salary.com offers detailed insights through our Job Trending in CA Labor Market analysis. As of March 01, 2025, our research highlights a notable shift in Mortgage Loan Funding Clerk, Sr. compensation over the past six years. For instance, the median salary has moved from $46,637 in 2023 to about $46,584 in 2024 (for a comprehensive analysis of Mortgage Loan Funding Clerk, Sr. salary trends, click here). It's crucial to consider several elements, including geographical location, experience level, industry demand, and economic development, as they play a significant role in influencing salary variations.

Average Annual Salary of Mortgage Loan Funding Clerk, Sr. Over Time

2020
$???
2021
$???
2022
$???
$46,637
2023
$46,584
2024
$46,264
2025
2026
$???
Last Updated on March 01, 2025
2020
$???
2021
$???
2022
$???
2023
$46,637
2024
$46,584
2025
$46,264
2026
$???
Last Updated on March 01, 2025

Mortgage Loan Funding Clerk, Sr. Salary by Year

Year Average Annual Salary
2020 View More
2021 View More
2022 View More
2023 $46,637
2024 $46,584
2025 $46,264
2026 View More
Last Updated on March 01, 2025

Job Openings of Mortgage Loan Funding Clerk, Sr.

Salary.com job board provides millions of Mortgage Loan Funding Clerk, Sr. information for you to search for. Click on search button below to see Mortgage Loan Funding Clerk, Sr. job openings or enter a new job title here.

Most Common Benefits for Mortgage Loan Funding Clerk, Sr.

Based on HR-reported data: a national average with a geographic differential
Base Salary 68.7%
Bonuses 1.4%
Social Security 5.4%
401k/403b 3.3%
Disability 0.6%
Healthcare 8.1%
Pension 3.9%
Time Off 8.6%
Core Compensation
Core Compensation Median % of Total
Base Salary $51,121 68.7%
Bonus $1,040 1.4%
Value of Benefits
Core Compensation Median % of Total
Social Security $3,990 5.4%
401K/403B $2,452 3.3%
Disability $417 0.6%
Healthcare $6,056 8.1%
Pension $2,869 3.9%
Time Off $6,420 8.6%
Total Compensation $74,364 100%
Core Compensation is based on averages for this job and does not reflect personal factors used to determine your projected salary range.
Value of Benefits indicates the employer's expected contribution and paid time off.
Last Updated on March 01, 2025

What are the salaries of a Mortgage Loan Funding Clerk, Sr. with different levels of education?

Salaries for Mortgage Loan Funding Clerk, Sr. with a High School Diploma or Technical Certificate

According to our 100% employer reported salary sources the median salary for a Mortgage Loan Funding Clerk, Sr. with a High School Diploma or Technical Certificate is $48,338 - $51,321. Please try our salary wizard to explore how other factors like location, Years of experience and number of direct reports can impact your base pay and bonus.

Mortgage Loan Funding Clerk, Sr. Salaries by Degree Level

Last Updated on March 01, 2025
Typical Education for Mortgage Loan Funding Clerk, Sr.
Degree Level % of user with this level of education
No Diploma 4.0%
High School 52.0%
Associates 12.0%
Bachelors 24.0%
Masters 8.0%
Typical Education for Mortgage Loan Funding Clerk, Sr.
No Diploma 4.0%
High School 52.0%
Associates 12.0%
Bachelors 24.0%
Masters 8.0%
view as table

Mortgage Loan Funding Clerk, Sr. Salaries by Degree Level

Last Updated on March 01, 2025

What Am I Worth?

FAQ about Mortgage Loan Funding Clerk, Sr.

1. What are the responsibilities of Mortgage Loan Funding Clerk, Sr.?

Mortgage Loan Funding Clerk, Sr. performs routine administrative tasks in support of the mortgage loan funding group. Prepares and finalizes documents and helps customers with packaging and funding. Being a Mortgage Loan Funding Clerk, Sr. ensures accuracy in loan closing process. Facilitates training and support of lower level funding clerks. Additionally, Mortgage Loan Funding Clerk, Sr. requires a high school diploma or equivalent. Typically reports to a supervisor or manager. The Mortgage Loan Funding Clerk, Sr. works under moderate supervision. Gaining or has attained full proficiency in a specific area of discipline. To be a Mortgage Loan Funding Clerk, Sr. typically requires 1-3 years of related experience.

2. What are the skills of Mortgage Loan Funding Clerk, Sr.

Specify the abilities and skills that a person needs in order to carry out the specified job duties. 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.

1.)

Customer Service: Customer service is the provision of service to customers before, during and after a purchase. The perception of success of such interactions is dependent on employees "who can adjust themselves to the personality of the guest". Customer service concerns the priority an organization assigns to customer service relative to components such as product innovation and pricing. In this sense, an organization that values good customer service may spend more money in training employees than the average organization or may proactively interview customers for feedback. From the point of view of an overall sales process engineering effort, customer service plays an important role in an organization's ability to generate income and revenue. From that perspective, customer service should be included as part of an overall approach to systematic improvement. One good customer service experience can change the entire perception a customer holds towards the organization.

2.)

Mortgage Loans: A mortgage loan or, simply, mortgage (/ˈmɔːrɡɪdʒ/) is used either by purchasers of real property to raise funds to buy real estate, or alternatively by existing property owners to raise funds for any purpose, while putting a lien on the property being mortgaged. The loan is "secured" on the borrower's property through a process known as mortgage origination. This means that a legal mechanism is put into place which allows the lender to take possession and sell the secured property ("foreclosure" or "repossession") to pay off the loan in the event the borrower defaults on the loan or otherwise fails to abide by its terms. The word mortgage is derived from a Law French term used in Britain in the Middle Ages meaning "death pledge" and refers to the pledge ending (dying) when either the obligation is fulfilled or the property is taken through foreclosure. A mortgage can also be described as "a borrower giving consideration in the form of a collateral for a benefit (loan)".

3.)

Transportation: Refers to the mode of travel used to get from home to work most frequently. The transportation are bus, train, aeroplane, ship, car, etc while the mode of transportation refers to road, air, sea/ocean, etc.

About Our Data

Salary.com salary estimates, histograms, trends, and comparisons are derived from both employer job postings and third-party data sources. We also provide multiple percentiles of salary information for your reference, click here to know Why the Salary Midpoint Formula Is Crucial to Getting Pay Equity Right. With more online, real-time compensation data than any other website, Salary.com helps you determine your exact pay target.

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The average hourly salary for a Mortgage Loan Funding Clerk, Sr. is $25 per hour in the United States, updated at March 01, 2025.
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