How much does a Mortgage Loan Associate make? The average Mortgage Loan Associate salary is $43,268 as of October 28, 2020, but the salary range typically falls between $38,228 and $48,645. 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.
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What does a Mortgage Loan Associate do?
Mortgage Loan Associate
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.
February 20, 2020
Manages customer pipeline for efficiency.
April 09, 2020
Collects and analyzes customer financial information for multifaceted and/or complex borrowers.
April 10, 2020
Interacts with regional & corporate departments, as well as realtors, sales agents, builders, appraisers, etc.
April 15, 2020
Reviews documentation to ensure compliance.
May 04, 2020
Stay informed on changing market conditions, business trends and regulatory requirements by maintaining thorough knowledge of lending programs, policies, procedures and regulatory requirements.
May 05, 2020
Collaborates with internal and external stakeholders to complete mortgage transactions.
May 18, 2020
Mortgage Loan Associate Salary in Major Cities
This chart shows the salary comparison for Mortgage Loan Associate between major cities. San Francisco City consistently ranks #1 as of October 28, 2020. Click on the chart to see the detail salary data for Mortgage Loan Associate in each city.
Mortgage Loan Associate Salary by State
- Alaska
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- District of Columbia
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- Wyoming
Mortgage Loan Associate Salary by City
Click to see the salary for Mortgage Loan Associate in these major U.S. cities.
| City Name | Average Salary |
|---|---|
| San Francisco, CA | $54,085 |
| Washington, DC | $48,166 |
| Miami, FL | $42,122 |
| Chicago, IL | $45,903 |
| Boston, MA | $48,750 |
| New York, NY | $52,051 |
| Dallas, TX | $42,987 |
If you'd like know Mortgage Loan Associate Salary in other cities, then please select a city in
Average Salary Range for Mortgage Loan Associate
Average Base Salary
Core compensation
38228
48645
Average Total Cash Compensation
Includes base and annual incentives
What is the average salary for Mortgage Loan Associate in 2020?
These charts show the average base salary (core compensation), as well as the average total cash compensation for the job of Mortgage Loan Associate in the United States. The base salary for Mortgage Loan Associate ranges from $38,228 to $48,645 with the average base salary of $43,268. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $38,625 to $49,499 with the average total cash compensation of $43,943.
View Average Salary for Mortgage Loan Associate as table
| Average Salary | Average Salary Range | |
|---|---|---|
| Base Salary | $43,268 | $38,228 - $48,645 |
| Bonus | $675 | $397 - $855 |
| Total Pay | $43,943 | $38,625 - $49,499 |
* 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.
Estimate Salary for Mortgage Loan Associate online for free
Salary.com Estimate Salary Tool provides free, accurate and real-time salary for thousands of careers. Please enter the following pay factors for Mortgage Loan Associate, to get a real-time salary target. If you want to get more detailed salary information, please view Professional Salary Report
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Comments about Mortgage Loan Associate
What's the difference between Mortgage Loan Servicing Clerk and Mortgage Loan Associate?
According to our latest salary estimation on October 28, 2020. The average salary of Mortgage Loan Associate is $43,268, and the average salary of Mortgage Loan Servicing Clerk is $33,585. The average salary of Mortgage Loan Servicing Clerk is lower than Mortgage Loan Associate. ( 2020-10-28 salary.com )
I am a Mortgage Loan Associate, which location’s salary is higher, Barnstable, MA or New Britain, CT?
New Britain, CT typically sees higher pay than Barnstable, MA for Mortgage Loan Associate. a Mortgage Loan Associate Salary in New Britain, CT is $46,730 as of October 28, 2020; a Mortgage Loan Associate Salary in Barnstable, MA is $45,627 as of October 28, 2020. ( 2020-10-28 salary.com )
Mortgage Loan Associate Frequently Asked Questions
Why does the salary of a Mortgage Loan Associate vary from city to city?
The cost of living is tied to salaries. If the expenses are higher in a particular city, then the wage level will be higher as well to afford the people can opportunity to live there. This is why you're always going to make more money in New York City for example, than in a small town. ( 2020-10-28 salary.com )
What are the Pay Factors for Mortgage Loan Associate?
Salary ranges for a Mortgage Loan Associate can vary widely, depending on the city and several other pay factors, including (but not limited to) education level, certifications, additional skills, and work experience. Click here to view Eight Factors That Can Affect Your Pay ( 2020-10-28 salary.com )
How the Pay Factors Influence Your Pay?
Salaries are ultimately dictated by the position being applied to, and hiring company, but there are several important pay factors that come into play based on your individual history that could impact your value to the company. Salary.com's Personal Salary Report will analyze these factors for you to help you maximize your earning potential. ( 2020-10-28 salary.com )
Learn more about: Compensation Packages, Employee Flight Risk, Gender Pay Gap, Job Openings for This Role
Last Update: October 28, 2020