How Much Does a Mortgage Loan Representative make?

Mortgage Loan Representative made a median salary around $44,600 in December, 2024. The best-paid 25 percent made $50,430 probably that year, while the lowest-paid 25 percent made around $40,449. 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.
Check out Mortgage Loan Representative jobs in Charlotte, North Carolina

Mortgage Loan Shipper

StraussGroup - Executive Search Consultants - Charlotte, NC

Mortgage Loan Closer - Entry Level

StraussGroup - Executive Search Consultants - Charlotte, NC

Customer Service Representative (Loan Consultant I)

Lendmark Financial Services, Inc. - Hickory, NC

Customer Service Representative (Loan Consultant I)

Lendmark Financial Services, Inc. - Asheville, NC

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Best-Paying Cities for Mortgage Loan Representative

The metropolitan areas that pay the highest salary in the Mortgage Loan Representative profession are Cary , Garner , Knightdale , Raleigh , Apex .
Cary, NC $44,830
Garner, NC $44,830
Knightdale, NC $44,830
Raleigh, NC $44,830
Apex, NC $44,784

Best-Paying States for Mortgage Loan Representative

The states and districts that pay Mortgage Loan Representative the highest salary are District of Columbia (around $51,175) , California (around $50,715) , New Jersey (around $50,393) , Alaska (around $50,071) , and Massachusetts (around $50,025) .
District of Columbia $51,175
California $50,715
New Jersey $50,393
Alaska $50,071
Massachusetts $50,025

What is the Career Path of Mortgage Loan Representative?

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 Loan Representative, the first career path typically starts with a Loan Processor II position , and then progresses to Loan Processing Supervisor.

The second career path typically starts with a Commercial Loan Processor position , and then progresses to Loan Processing Assistant Manager.

Additionally, the third career path typically starts with a Mortgage Loan Processor II position , and then progresses to Loan Processing Manager.

Besides, Mortgage Loan Representative can also turn to other related jobs, including Mortgage Loan Quality Assurance Representative , Mortgage Loan Area Manager , Mortgage Loan Funding Clerk and Mortgage Loan Funding Manager .

Frequently Asked Questions for Mortgage Loan Representative

Q: What is the salary range of Mortgage Loan Representative in Charlotte, NC?
A: In 2024 , the lowest-paid Mortgage Loan Representative in Charlotte, NC earned an average annual salary of $40,449 , while the highest-paid made $50,430.
Q: What is the salary for a Mortgage Loan Representative in California?
A: Mortgage Loan Representative employed in California earned an average salary of $50,715 in 2024.

Average Mortgage Loan Representative Pay vs. Other Jobs

Mortgage Loan Representative earned an average salary of $44,600 in 2024. Other jobs related to Mortgage Loan Representative earned the following average salary in December, 2024. Mortgage Loan Quality Assurance Representative made $49,401 , Mortgage Loan Area Manager made $137,706 , Mortgage Loan Funding Clerk and Mortgage Loan Funding Manager made $41,289 and $80,076 respectively .

Relevant Jobs of Mortgage Loan Representative

Mortgage Loan Quality Assurance Representative ensures that the mortgage loan processes meet company standards and guidelines. Monitors calls to ensure compliance with Fair Debt Collection Practices Act (FDCPA) and state specific regulations. Being a Mortgage Loan Quality Assurance Representative documents improper loan contracts and appraisals. Requires a high school diploma or equivalent. Additionally, Mortgage Loan Quality Assurance Representative typically reports to a manager or head of a unit/department. The Mortgage Loan Quality Assurance Representative works under moderate supervision. Gaining or has attained full proficiency in a specific area of discipline. To be a Mortgage Loan Quality Assurance Representative typically requires 1-3 years of related experience.
Mortgage Loan Area Manager - Average Salary $137,706
Mortgage Loan Area Manager directs mortgage loan activity and oversees multiple teams for a defined area. Analyzes mortgage data and trends to develop a lending strategy and establish targets for loan production. Being a Mortgage Loan Area Manager develops a productive staff with training and coaching. Monitors compliance with federal and state lending regulations. Additionally, Mortgage Loan Area Manager requires a bachelor's degree. Typically reports to a director. The Mortgage Loan Area Manager typically manages through subordinate managers and professionals in larger groups of moderate complexity. Provides input to strategic decisions that affect the functional area of responsibility. May give input into developing the budget. To be a Mortgage Loan Area Manager typically requires 3+ years of managerial experience. Capable of resolving escalated issues arising from operations and requiring coordination with other departments.
Mortgage Loan Funding Clerk - Average Salary $41,289
Mortgage Loan Funding Clerk performs routine administrative tasks in support of the mortgage loan funding group. Prepares and finalizes documents and helps with packaging and funding for customers. Being a Mortgage Loan Funding Clerk ensures accuracy in loan closing process. Requires a high school diploma or its equivalent. Additionally, Mortgage Loan Funding Clerk typically reports to a supervisor. The Mortgage Loan Funding Clerk possesses a moderate understanding of general aspects of the job. Works under the close direction of senior personnel in the functional area. May require 0-1 year of general work experience.
Mortgage Loan Funding Manager - Average Salary $80,076
Mortgage Loan Funding Manager manages a team that ensures mortgage loans are processed, filed, and disbursed accordingly. Evaluates files for accuracy and completion. Being a Mortgage Loan Funding Manager develops procedures to ensure compliance with regulations. Monitors funding operations and provides recommendations for improvement to top management. Additionally, Mortgage Loan Funding Manager requires a high school diploma or its equivalent. Typically reports to a manager or head of a unit/department. The Mortgage Loan Funding Manager supervises a group of primarily para-professional level staffs. May also be a level above a supervisor within high volume administrative/ production environments. Makes day-to-day decisions within or for a group/small department. Has some authority for personnel actions. To be a Mortgage Loan Funding Manager typically requires 3-5 years experience in the related area as an individual contributor. Thorough knowledge of functional area and department processes.
Mortgage Loan Assistant - Average Salary $65,682
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