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Loan Funder Salary in Chicago, IL

How much does a Loan Funder make in Chicago, IL? The salary range for a Loan Funder job is from $36,556 to $49,270 per year in Chicago, IL. Click on the filter to check out Loan Funder job salaries by hourly, weekly, biweekly, semimonthly, monthly, and yearly.

Average base salary
updated at December 01, 2024
$43,256
Per Year
The average salary for a Loan Funder is $43,256
per Year in Chicago, IL.
Individually reported data submitted by users of our website

HOW SHOULD YOU USE THIS DATA?

Employees: Use this as a guide for salary expectations, but be aware that responsibilities can change across companies for the same job title, so there may be differences between this data, other free site and our subscription products bought by employers.

Employers: This data could be used as reference point in your market pricing, but not the only source, due to differences across jobs locations, and sizes of companies.Consider additional sources like our Employer reported data.

Base Salary
$36,556
$43,256
Medium
$49,270

Highest Paying Cities for Loan Funder near Chicago, IL

We list eight cities that pay high wages to Loan Funder near Chicago. The salary difference may cause by many reasons, such as the cost of living. The competition will also be fiercer where wages are high. Click the city name to learn more about the Loan Funder pay level in these cities.

States with Higher Salaries for Loan Funder

Here are the top five states that pay the highest Loan Funder salary in the United States. District of Columbia takes first place with the highest Loan Funder salary is $45,895 per Year. California and New Jersey take the second and third place with $45,483 per Year and $45,194 per Year in the list. A higher average Loan Funder salary indicates a higher cost of living too.

How Much Do Similar Professions Get Paid in Chicago, IL?

The following job titles have similar responsibilities as a Loan Funder. However, the different job titles may have different salaries. Learn each job, and finger out the most suitable position with the highest wage for you in your city.
Mortgage Loan Funder
Average salary
United States
$44,187
per Year
Funder
Average salary
United States
$90,478
per Year
Mortgage Funder
Average salary
United States
$40,189
per Year
Escrow Funder
Average salary
United States
$91,612
per Year
Closer Funder
Average salary
United States
$45,123
per Year
Loan Closer
Average salary
United States
$53,700
per Year

How Much Should You Be Earning?

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What Does a Loan Funder Do?

To pursue a career as a loan funder, you typically need relevant work experience, like training at a bank or brokerage firm, and eligibility to obtain national licensing and registration requirements.

December 06, 2021

The Loan Funder will obtain the essential documentation to accurately disburse the funds in accordance with salability guidelines, in addition to the RESPA guidelines.

November 25, 2021

If you want to advance in your career beyond loan funder, you should look at senior positions to see if they have any educational requirements beyond what this job expects.

November 16, 2021

If a court were to find that a deal provided a funder a right to revenue from more than those cases, or regardless of their outcome, it could be considered a ‘recourse’ loan, which carries limits on interest rates.”.

November 06, 2021

As a loan funder, your duties include analyzing financial risk, creating internal documents and reports on the loan process, and determining best practices for the department.

November 05, 2021

Most Common Benefits for Loan Funder

Social Security
Healthcare
401(k)
Pension
Disability
Time Off (days)

Frequently Asked Questions

Common questions about salaries for a Loan Funder
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To pursue a career as a loan funder, you typically need relevant work experience, like training at a bank or brokerage firm, and eligibility to obtain national licensing and registration requirements.
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Check the below career pages for detailed pay ranges for similar professions to Loan Funder:
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Explore our personal salary report to know the Loan Funder market value in Chicago, IL. And find out if any places are having a higher Loan Funder salary.
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The average salary of a Loan Funder is $43,256 in Chicago, IL.
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