Mortgage Associate Salary in Springfield, IL

How much does a Mortgage Associate make in Springfield, IL?

As of April 01, 2025, the average annual salary for a Mortgage Associate in Springfield, IL is $50,400. According to Salary.com, salaries can range from a low of $38,489 to a high of $64,652, with most professionals earning between $44,165 and $57,860.

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Salary range for a Mortgage Associate

$44,165 to $57,860

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Mortgage Associate

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Job Openings for Mortgage Associate in Springfield, IL

What does a Mortgage Associate do?

Common responsibilities of a Mortgage Associate

Assumes responsibility for establishing and maintaining effective business relations with members, appraisers, investors, and mortgage industry professionals.

August 08, 2022

Demonstrate a commitment to professional ethics, as well as conform to all federal and state compliance policies and adhering to Home Mortgage Disclosure Act (HMDA) requirements.

January 05, 2023

Completes due diligence analysis including review of leases, rent rolls, third party reports, estoppels, and other business-related matters.

January 29, 2023

Reviews appraisals, titles, and purchase and sales contracts as received, submits them to underwriting as necessary, makes all required calls, system updates and orders any addendums required for the review.

February 05, 2023

Assist Mortgage Advisors in submitting clear, complete and timely applications to the Mortgage Operations team for initial disclosures and processing.

February 11, 2023

Develop Excel financial models in support of transaction execution, rating agency interactions and investor dialogue.

March 17, 2023

Prepares draft investment committee write ups working collaboratively with commercial mortgage team, mortgage banking representatives, analysts and other relevant resources, such as appraisers or other sources of commercial real estate data.

April 03, 2023

Performs periodic [no less than annual] audit with all third-party providers of flood insurance and compare against bank's portfolio of loans.

April 07, 2023

Monitors new loan and closed loan reports for proper reporting to the private mortgage insurance companies.

April 21, 2023

Provide end-to-end comprehensive lending guidance and solutions to prospective borrowers by uncovering their life priorities, analyzing financial and credit data, and determining client financing objectives.

May 05, 2023

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Mortgage Associate Salary By Experience Levels in Springfield, IL

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RELEVANT JOB EXPERIENCE

Length of experience is a pay differentiator. Those with greater experience may have an advantage in negotiating salary. For those with less experience, other factors such as education or special skills could impact your pay. Please visit Professional Salary Report for more details.

Mortgage Associate Salary By Level of Education in Springfield, IL

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LEVEL OF EDUCATION

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Average Salary Range for Mortgage Associate in Springfield, IL

Average Base Salary

Core compensation

44165

57860

50400

Average Total Cash Compensation

Includes base and annual incentives

45702

64548

52626

What is the average salary for Mortgage Associate in 2025?

These charts show the average base salary (core compensation), as well as the average total cash compensation for the job of Mortgage Associate in Springfield, IL. The base salary for Mortgage Associate ranges from $44,165 to $57,860 with the average base salary of $50,400. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $45,702 to $64,548 with the average total cash compensation of $52,626.

View Average Salary for Mortgage Associate as table

	Average Salary	Average Salary Range
Base Salary	$50,400	$44,165 - $57,860
Bonus	$2,226	$1,536 - $6,688
Total Pay	$52,626	$45,702 - $64,548

* Base Salary represents gross income before taxes and deductions. It does not include additional pay such as benefits, bonuses, profit sharing or commissions.

* Total Pay combines base salary, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job.

Mortgage Associate Salary Near Springfield, IL

CITY, STATE	AVERAGE SALARY RANGE	COMPARE TO Springfield, IL
CITY, STATE Normal, IL	AVERAGE SALARY RANGE $43,356 - $56,800	COMPARE TO Springfield, IL
CITY, STATE Bloomington, IL	AVERAGE SALARY RANGE $43,534 - $57,033	COMPARE TO Springfield, IL
CITY, STATE Peoria, IL	AVERAGE SALARY RANGE $43,498 - $56,986	COMPARE TO Springfield, IL
CITY, STATE Champaign, IL	AVERAGE SALARY RANGE $44,673 - $58,525	COMPARE TO Springfield, IL
CITY, STATE Florissant, MO	AVERAGE SALARY RANGE $44,111 - $57,788	COMPARE TO Springfield, IL
CITY, STATE Saint Louis, MO	AVERAGE SALARY RANGE $44,184 - $57,884	COMPARE TO Springfield, IL

See salaries for Mortgage Associate in locations close to Springfield, IL. Pay for the same job may vary based on the location and on the location and on other factors such as the size of company, the industry, and other local conditions.

About Springfield, Illinois

Springfield is the capital of the U.S. state of Illinois and the county seat of Sangamon County. The city's population of 116,250 as of the 2010 U.S. Census makes it the state's sixth most populous city. It is the largest city in central Illinois. As of 2013, the city's population was estimated to have increased to 117,006, with just over 211,700 residents living in the Springfield Metropolitan Statistical Area, which includes Sangamon County and the adjacent Menard County. Present-day Springfield was settled by European Americans in the late 1810s, around the time Illinois became a state. The...

Source: Wikipedia (as of 04/11/2019). Read more from Wikipedia

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The Mortgage Associate job could be listed using titles that are not exactly the same, but actually are for the same or very similar job. Here are some job titles in Springfield, IL that might be a good fit for the type of job and salary you are looking for.

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44165

57860

About Springfield, Illinois Springfield is the capital of the U.S. state of Illinois and the county seat of Sangamon County. The city's population of 116,250 as of the 2010 U.S. ....More

Springfield, Illinois area prices were up 1.3% from a year ago

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