How much does a Mortgage Loan Funding Clerk, Sr. make in the United States? The average Mortgage Loan Funding Clerk, Sr. salary in the United States is $49,159 as of June 27, 2024, but the range typically falls between $44,153 and $54,564. Salary ranges can vary widely depending on many important factors, including education, certifications, additional skills, the number of years you have spent in your profession. With more online, real-time compensation data than any other website, Salary.com helps you determine your exact pay target. 

Mortgage Loan Funding Clerk, Sr. Salaries by Percentile
Percentile Salary Location Last Updated
10th Percentile Mortgage Loan Funding Clerk, Sr. Salary $39,596 US June 27, 2024
25th Percentile Mortgage Loan Funding Clerk, Sr. Salary $44,153 US June 27, 2024
50th Percentile Mortgage Loan Funding Clerk, Sr. Salary $49,159 US June 27, 2024
75th Percentile Mortgage Loan Funding Clerk, Sr. Salary $54,564 US June 27, 2024
90th Percentile Mortgage Loan Funding Clerk, Sr. Salary $59,485 US June 27, 2024
25% $44,153 10% $39,596 90% $59,485 75% $54,564 $49,159 50%(Median) Didn’t find job title? Click
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What skills does a Mortgage Loan Funding Clerk, Sr. need?

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.

Customer Service 20%
Mortgage Loans 20%
Transportation 20%
Others 40%
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Job Description for 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. (Copyright 2024 Salary.com)... View full job description

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Job Openings for Mortgage Loan Funding Clerk, Sr.
  • Wondering what kind of career awaits you at UWM. Our Operations team is a great fit for self-motivated individuals who are comfortable in a fast-paced envi...
    - 8 Months Ago
  • United Wholesale Mortgage (UWM) is America’s #1 mortgage lender and we’re looking to fill an immediate need for Mortgage Operations Specialists. MUST KNOW....
    - 1 Month Ago
  • At United Wholesale Mortgage, success has no limit — especially among our Account Executives. This hardworking team is one of the biggest forces behind our...
    - 2 Months Ago
  • At United Wholesale Mortgage, success has no limit — especially among our Account Executives. This hardworking team is one of the biggest forces behind our...
    - 8 Months Ago
  • Start something good. Empower your career. Become an employee-owner at Cenlar. Employee owners have made Cenlar the nation’s leading mortgage loan subservi...
    - 17 Days Ago
Those that have already made the climb...
John D. Rainey, Former Chief Financial Officer and EVP, Global Customer Operations
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Fiscal Year Ended in 2022
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Mortgage Loan Funding Clerk, Sr. salary varies from city to city. Compared with national average salary of Mortgage Loan Funding Clerk, Sr., the highest Mortgage Loan Funding Clerk, Sr. salary is in San Francisco, CA, where the Mortgage Loan Funding Clerk, Sr. salary is 25.0% above. The lowest Mortgage Loan Funding Clerk, Sr. salary is in Miami, FL, where the Mortgage Loan Funding Clerk, Sr. salary is 3.5% lower than national average salary.

City, State Compared to national average
City, State San Francisco, CA Compared to national average
+ 25.0%
City, State Washington, DC Compared to national average
+ 11.3%
City, State Miami, FL Compared to national average
-3.5%
City, State Chicago, IL Compared to national average
+ 4.9%
City, State Boston, MA Compared to national average
+ 12.1%
City, State New York, NY Compared to national average
+ 16.8%
City, State Dallas, TX Compared to national average
-1.3%

Take just three simple steps below to generate your own personalized salary report

Step 1 of 3

Understand the total compensation opportunity for a Mortgage Loan Funding Clerk, Sr., base salary plus other pay elements

Average Base Salary

Core compensation

 
 
 
44153
54564
49159

Average Total Cash Compensation

Includes base and annual incentives

 
 
 
45138
56947
50613
These charts show 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. The base salary for Mortgage Loan Funding Clerk, Sr. ranges from $44,153 to $54,564 with the average base salary of $49,159. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $45,138 to $56,947 with the average total cash compensation of $50,613.
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44153
54564

 

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Skills associated with Mortgage Loan Funding Clerk, Sr.: Document Preparation, Loan Software, Document Processing, Mortgage Loans ...More

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Mortgage Loan Funding Clerk, Sr. Salary in United States
Mortgage Loan Funding Clerk, Sr. Salary Graph, Regional Distribution and Summary