As of May 28, 2024, the average annual pay of Mortgage Lender in the United States is $65,522. While Salary.com is seeing that Mortgage Lender salary in the US can go up to $87,697 or down to $48,373, but most earn between $56,546 and $77,129. Salary ranges can vary widely depending on many important factors, including education, certifications, additional skills, and your experience levels. With more online, real-time compensation data than any other website, Salary.com helps you determine your exact pay target.
Salary.com provides you with accurate and diversified Mortgage Lender salary data based on specialized databases to help you get a fairer salary. Click the switch button below to see more details about Mortgage Lender hourly pay, weekly pay, monthly pay and so on.
|
Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
|
|---|---|---|---|---|
| 75th Percentile | $77,129 | $6,427 | $1,483 | $37 |
| Average | $65,522 | $5,460 | $1,260 | $32 |
| 25th Percentile | $56,546 | $4,712 | $1,087 | $27 |
Mortgage Originators & Branches Ohio & Kentucky area
An entry-level Mortgage Lender with no related experience makes about $62,259. With less than 2 years of experience, a mid-level Mortgage Lender makes around $62,526. After 2-4 years, the Mortgage Lender pay rises to about $64,260. Those senior Mortgage Lender with 5-8 years of experience earn roughly $69,503, and those Mortgage Lender having 8 years or more experience are expected to earn about $71,226 on average.
| Entry Level | 5% |
| Mid Level | 5% |
| Senior Level | 2% |
| Top Level | 6% |
| Experienced | 9% |
| View as Graph | |
The states and districts that pay Mortgage Lender the highest salary are District of Columbia (around $72,926) , California (around $72,271) , New Jersey (around $71,812) , Alaska (around $71,354) , Massachusetts (around $71,288), Washington (around $70,633), Connecticut (around $70,371).
| States | Salary |
|---|---|
| District of Columbia | $72,926 |
| California | $72,271 |
| New Jersey | $71,812 |
| Alaska | $71,354 |
| Massachusetts | $71,288 |
| Washington | $70,633 |
| Connecticut | $70,371 |
The metropolitan areas that pay the highest salary in the Mortgage Lender profession are San Jose,CA, San Francisco,CA, Oakland,CA, New York,NY, Queens Village,NY, Paramus,NJ, Passaic,NJ, Bergenfield,NJ, Stamford,CT, and Huntington,NY.
| Cities | Salary |
|---|---|
| San Jose, CA | $82,230 |
| San Francisco, CA | $81,903 |
| Oakland, CA | $79,937 |
| New York, NY | $76,530 |
| Queens Village, NY | $76,006 |
| Paramus, NJ | $75,481 |
| Passaic, NJ | $75,416 |
| Bergenfield, NJ | $75,350 |
| Stamford, CT | $75,219 |
| Huntington, NY | $74,695 |
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.
Wholesale: Buying and selling products in large quantities at a lower price to increase profitability through a high sales volume.
Background Check: A background check or background investigation is a review of a potential employee's criminal, commercial and financial records. The goal of background checks is to ensure the safety and security of the employees in the organisation
For those exploring the changing dynamics of Mortgage Lender salaries, Salary.com offers detailed insights through our Job Trending in CA Labor Market analysis. Our research highlights a notable shift in Mortgage Lender compensation over the past six years. For instance, the median salary has moved from $70,211 in 2023 to about $70,806 in 2024 (for a comprehensive analysis of Mortgage Lender 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.
| Year | Average Annual Salary |
|---|---|
| 2020 | View More |
| 2021 | View More |
| 2022 | View More |
| 2023 | $70,211 |
| 2024 | $70,806 |
| 2025 | $70,401 |
| Job Title | Average Salary |
|---|---|
| Agricultural Lender | $45,250 |
| Agriculture Lender | $45,250 |
| Assistant to Mortgage Lender | $43,778 |
| Business Lender | $98,192 |
| Commercial Lender | $52,633 |
| Consumer Lender | $77,650 |
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Salary.com job board provides millions of Mortgage Lender information for you to search for. Click on search button below to see Mortgage Lender job openings or enter a new job title here.
The average annual salary of Mortgage Lender is $65,522. In case you are finding an easy salary calculator, the average hourly pay of Mortgage Lender is $32; the average weekly pay of Mortgage Lender is $1,260; the average monthly pay of Mortgage Lender is $5,460.
Mortgage Lender solicits and services a variety of residential mortgage loans. Interviews applicants, collects financial data and documents, and makes recommendations regarding the loan products that best meet the borrower's needs. Being a Mortgage Lender assists buyers in the purchase process through closing. Requires a bachelor's degree. Additionally, Mortgage Lender typically reports to a manager or head of a unit/department. The Mortgage Lender gains exposure to some of the complex tasks within the job function. Occasionally directed in several aspects of the work. To be a Mortgage Lender typically requires 2 to 4 years of related experience.
A career path is a sequence of jobs that leads to your short- and long-term career goals. Some follow a linear career path within one field, while others change fields periodically to achieve career or personal goals.
For Mortgage Lender, the first career path typically starts with a Mortgage Loan Officer III position, and then progresses to Mortgage Lending Assistant Manager.
Additionally, the second career path typically progresses to Secondary Market Manager.
A Mortgage Lender'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 Lender earns the most in San Jose, CA, where the annual salary of a Mortgage Lender is $82,230.
The highest pay for Mortgage Lender is $87,697.
The lowest pay for Mortgage Lender is $48,373.