As of February 01, 2025, the average annual salary for a Mortgage Quality Assurance Auditor in Madison, AL is $58,014. Salary.com reports that pay typically ranges from $51,083 to $67,282, with most professionals earning between $44,773 and $75,720.
| Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
|
| 75th Percentile | $70,158 | $5,847 | $1,349 | $34 |
| Average | $60,494 | $5,041 | $1,163 | $29 |
| 25th Percentile | $53,267 | $4,439 | $1,024 | $26 |
An entry-level Mortgage Quality Assurance Auditor with under 1 year experience makes about $55,254. With less than 2 years of experience, a mid-level Mortgage Quality Assurance Auditor makes around $55,459. After 2-4 years, the Mortgage Quality Assurance Auditor pay rises to about $56,792. Those senior Mortgage Quality Assurance Auditor with 5-8 years of experience earn roughly $60,938, and those Mortgage Quality Assurance Auditor having 8 years or more experience are expected to earn about $62,309 on average.
| Levels | Salary |
|---|---|
| Entry Level Mortgage Quality Assurance Auditor | $55,254 |
| Intermediate Level Mortgage Quality Assurance Auditor | $55,459 |
| Senior Level Mortgage Quality Assurance Auditor | $56,792 |
| Specialist Level Mortgage Quality Assurance Auditor | $60,938 |
| Expert Level Mortgage Quality Assurance Auditor | $62,309 |
| Entry Level | 9% |
| Mid Level | 8% |
| Senior Level | 6% |
| Top Level | 1% |
| Experienced | 3% |
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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.
Accountability: Setting and holding oneself and others to stated expectations by associating tasks with our business's mission, values, and goals.
Loan Origination: Loan origination is the process by which a borrower applies for a new loan, and a lender processes that application. Origination generally includes all the steps from taking a loan application up to disbursal of funds (or declining the application). For mortgages, there is a specific mortgage origination process. Loan servicing covers everything after disbursing the funds until the loan is fully paid off. Loan origination is a specialized version of new account opening for financial services organizations. Certain people and organizations specialize in loan origination. Mortgage brokers and other mortgage originator companies serve as a prominent example. There are many different types of loans. For more information on loan types, see the loan and consumer lending articles. Steps involved in originating a loan vary by loan type, various kinds of loan risk, regulator, lender policy, and other factors.
Mortgage Banking: Mortgage banking generally involves loan originations as well as purchases and sales of loans through the secondary mortgage market. A bank engaged in mortgage banking may retain or sell loans it originates or purchases from affiliates, brokers, or correspondents.
| Skill | Salary | Demand |
|---|---|---|
|
Commitment
|
$62,655 |
8%
|
|
Loan Origination
|
$62,075 |
7%
|
|
Regulatory Compliance
|
$60,334 |
4%
|
|
Regulatory Compliance
|
$60,334 |
4%
|
|
Regulatory Compliance
|
$60,334 |
4%
|
|
Regulatory Compliance
|
$60,334 |
4%
|
