As of March 01, 2025, the average annual salary for a Mortgage Loan Funding Clerk, Sr. in the United States is $51,121. Salary.com reports that pay typically ranges from $45,652 to $56,586, with most professionals earning between $40,674 and $61,562.
| 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 |
An entry-level Mortgage Loan Funding Clerk, Sr. with less than 1 year of experience earns about $47,452. With 1-2 years of experience, the average salary increases to $47,855. For 2-4 years of experience, the pay typically rises to $51,079. Senior-level professionals with 5-8 years of experience earn around $54,711, and those with over 8 years of experience can expect an average of $54,953.
| 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 |
| Entry Level | 7% |
| Mid Level | 6% |
| Senior Level | 0% |
| Top Level | 7% |
| Experienced | 7% |
Salaries in the United States differ widely between states due to factors like cost of living, local economies, and industry presence.
What Am I Worth?
Salaries in the United States can vary greatly between cities due to factors like cost of living, local economies, and industry presence.
As of March 01, 2025, our research reveals a significant shift in Mortgage Loan Funding Clerk, Sr. compensation over the past six years. For example, the median salary increased from $46,637 in 2023 to approximately $46,584 in 2024. (For a detailed analysis of Mortgage Loan Funding Clerk, Sr. salary trends, click here.)
Key factors like location, experience, industry demand, and economic growth significantly influence salary variations, making them important to consider.
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.
Here are companies hiring for Mortgage Loan Funding Clerk, Sr. and their salaries, click below for more details.
| 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% | ||
| 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% |
What Am I Worth?
The average annual salary of Mortgage Loan Funding Clerk, Sr. is $51,121. In case you are finding an easy salary calculator, the average hourly pay of Mortgage Loan Funding Clerk, Sr. is $25; the average weekly pay of Mortgage Loan Funding Clerk, Sr. is $983; the average monthly pay of Mortgage Loan Funding Clerk, Sr. is $4,260.
A Mortgage Loan Funding Clerk, Sr.'s earning potential can vary widely depending on several factors, including location, industry, experience, education, and the specific employer. According to the latest salary data by Salary.com, a Mortgage Loan Funding Clerk, Sr. earns the most in San Jose, CA, where the annual salary of a Mortgage Loan Funding Clerk, Sr. is $64,157.
The highest pay for Mortgage Loan Funding Clerk, Sr. is $61,562.
The lowest pay for Mortgage Loan Funding Clerk, Sr. is $40,674.
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.
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.
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.
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)".
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.
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