Mortgage Loan Funder Salaries in Illinois
How Much Does a Mortgage Loan Funder Make in Illinois?
Updated April 01, 2025
As of April 01, 2025,
the average annual pay of Mortgage Loan Funder in Illinois is $43,224.
While Salary.com is seeing that Mortgage Loan Funder salary in IL can go up to $54,306
or down to $30,703, but most earn between $36,670 and $49,024.
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.
Related Job Titles to Mortgage Loan Funder
Facing Salary Structure Challenges? Let Our Expert Guide You
The job market is increasingly challenging. Our whitepaper, Navigating the Challenges of Creating Salary Structures, offers guidance on creating salary structures. Provide your phone number and work email to download the full version.
We will handle your contact details in line with our Privacy Policy.
If you prefer not to receive marketing emails from Salary.com, you can opt-out out of marketing communications at any time by clicking unsubscribe.
Choose a prefer time
Choose Your Preferred Time
All times are listed as US Eastern time (Boston/New York)
-
9:00 AM-9:30 AM
-
9:30 AM-10:00 AM
-
10:00 AM-10:30 AM
-
10:30 AM-11:00 AM
-
11:00 AM-11:30 AM
-
11:30 AM-12:00 PM
-
12:00 PM-12:30 PM
-
12:30 PM-1:00 PM
-
1:00 PM-1:30 PM
-
1:30 PM-2:00 PM
-
2:00 PM-2:30 PM
-
2:30 PM-3:00 PM
-
3:00 PM-3:30 PM
-
3:30 PM-4:00 PM
-
4:00 PM-4:30 PM
-
4:30 PM-5:00 PM
-
5:00 PM-5:30 PM
-
5:30 PM-6:00 PM
-
6:00 PM-6:30 PM
-
6:30 PM-7:00 PM
-
7:00 PM-7:30 PM
-
7:30 PM-8:00 PM
Similar Job Salaries to Mortgage Loan Funder by Company
Loading results...
| Company | average base salary in (usd) | range |
|---|---|---|
|
Fay Group
Loan Funder – Originations
|
$45,295/yr
|
RANGE: $41,225 - $49,364
|
|
Boeing Employees Credit Union
Sr Mortgage Loan Funder
|
$80,385/yr
|
RANGE: $72,101 - $88,670
|
|
Certified Funding
MORTGAGE LOAN FUNDER (ON SITE POSITION ONLY!)
|
$45,270/yr
|
RANGE: $41,223 - $49,318
|
|
Sunmark Credit Union
Mortgage Funder
|
$58,545/yr
|
RANGE: $52,828 - $64,262
|
|
United Community Bancorp
Mortgage Loan Underwriter
|
$78,315/yr
|
RANGE: $70,886 - $85,744
|
|
NexGoal
Mortgage Loan Officer
|
$79,248/yr
|
RANGE: $71,214 - $87,281
|
|
Multiply Mortgage
Mortgage Loan Originator
|
$80,996/yr
|
RANGE: $72,821 - $89,171
|
Top 10 Highest Paying Cities For Mortgage Loan Funder Jobs in Illinois
It is important to understand how location impacts your career prospects in the United States.
There are some cities where a Mortgage Loan Funder can find a job easily with a greater salary paid then achieve a higher standard of living.
Below is the top cities list for Mortgage Loan Funder job salaries in Illinois.
Some cities can pay higher salaries for Mortgage Loan Funder jobs, which can indicate that there is a large demand for Mortgage Loan Funder positions in this city.
The following table shows top 10 cities where the Mortgage Loan Funder salary is higher than other cities in Illinois.
Chicago takes first place in this list, followed by Cicero, Oak Park.
The Mortgage Loan Funder salary is $43,821 in Chicago,
which is higher than the national average. There are 20 cities' Mortgage Loan Funder salary higher than national average in Illinois.
The average salary for a Mortgage Loan Funder in Illinois is $43,224,
but we found that the city with the highest salary for Mortgage Loan Funder jobs is Chicago, IL, and it is higher than Cicero.
Mortgage Loan Funder jobs in Chicago can have the opportunity to earn higher salaries than in other cities in Illinois.
| CITY | ANNUAL SALARY | MONTHLY PAY | WEEKLY PAY | HOURLY WAGE |
| Chicago | $43,821 | $3,652 | $843 | $21 |
| Cicero | $43,821 | $3,652 | $843 | $21 |
| Oak Park | $43,821 | $3,652 | $843 | $21 |
| Evanston | $43,804 | $3,650 | $842 | $21 |
| Skokie | $43,804 | $3,650 | $842 | $21 |
| Oak Lawn | $43,771 | $3,648 | $842 | $21 |
| Des Plaines | $43,703 | $3,642 | $840 | $21 |
| Mount Prospect | $43,669 | $3,639 | $840 | $21 |
| Aurora | $43,482 | $3,624 | $836 | $21 |
| Hoffman Estates | $43,444 | $3,620 | $835 | $21 |
What Does a Mortgage Loan Funder Do?
Mortgage lenders directly or indirectly originate and close mortgage loans with their own funds in the primary market for consideration.
Updated December 22, 2021
“Average prime offer rate” means an annual percentage rate that is derived from average interest rates and other loan pricing terms currently offered to consumers by a set of creditors for mortgage loans that have low-risk pricing characteristics.
Updated December 18, 2021
For a purchased closed-end mortgage loan or an assumption of a closed-end mortgage loan, the unpaid principal balance at the time of purchase or assumption.
Updated December 10, 2021
The Mortgage Loan Funder reports to the Mortgage Loan Closing Manager and is responsible for reviewing and verifying that all of the required aspects of the loan process have been met prior to wiring funds.
Updated December 09, 2021
For a closed-end mortgage loan, other than a purchased loan, an assumption, or a reverse mortgage, a financial institution reports the amount to be repaid as disclosed on the legal obligation.
Updated December 04, 2021
Empower Your Talent Strategy with Salary.com's Skills Library.
Struggling with Managing Your Job Descriptions?
View Job Skills and Competency Data for more than 15,000 Job Titles, 18 Industries, and 26 Job Families.
Skills LibraryOur job description management tool- JobArchitect streamlines your job description process. Say goodbye to the hassle of crafting job descriptions.
Explore JobArchitectFrequently Asked Questions About a Mortgage Loan Funder Salaries
What is the average of a Mortgage Loan Funder in Illinois?
The Mortgage Loan Funder salary range is from $36,670 to $49,024, and the average Mortgage Loan Funder salary is $43,224/year in Illinois.
The Mortgage Loan Funder's salary will change in different locations.
Which location pays the highest Mortgage Loan Funder salary in the United States?
The Mortgage Loan Funder salary in San Jose, CA is $53,486
which is the highest in the US.
What kinds of reasons will influence the Mortgage Loan Funder's salary?
Besides the location, employees' education degree, related skills, and work experience also will influence the salary.
Try to improve your skills and experience to get a higher salary for the position of Mortgage Loan Funder.
What is the growth rate of the Mortgage Loan Funder's salary?
If you are thinking of becoming a Mortgage Loan Funder or planning the next step in your career, find the detailed salary report of a Mortgage Loan Funder.
