How much does a Mortgage Loan Coordinator make? The average Mortgage Loan Coordinator salary is $48,074 as of October 28, 2020, but the salary range typically falls between $42,535 and $55,212. 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 Coordinator do?
Mortgage Loan Coordinator
Assist in reviewing processes for efficiencies by possessing basic knowledge in banking documents and procedures used in default services or Loan servicing.
January 11, 2020
Review member applications, order verification of employment, appraisals, assign staff within the Encompass system, and communicate with the members to verify the file has been received, the staff member assigned to the file, and answer general member questions.
January 16, 2020
Monitor and score calls and loss mitigation files for applicable areas to ensure that policy and procedures are being followed and meet all investor, regulatory, state and federal guidelines.
February 19, 2020
Act as a liaison between third party vendor management, department and vendor, assist in the gathering of artifacts, coordinating productions, billing statements, research/troubleshooting, invoicing, maintain appropriate levels of inventory and track vendor expenses.
March 10, 2020
Develop and maintain communication between loan officer, client and processors to assist timely processing and closing of loan file.
April 02, 2020
Communicates with outside agencies including Title Companies, Real Estate Agents, Appraisers, Correspondents, Insurance Agencies, Borrowers and various Financial Institutions to obtain all documentation requirements, such as title work, appraisals and credit bureau reports.
April 06, 2020
Assists PMB with new loan application by entering information into loan operating system, collecting supporting documentation, pulling property profile, ordering appraisals in a rush scenario, preparing lock forms and any other administrative responsibilities related to the preparation of a mortgage application.
April 18, 2020
Mortgage Loan Coordinator Salary in Major Cities
This chart shows the salary comparison for Mortgage Loan Coordinator 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 Coordinator in each city.
Mortgage Loan Coordinator Salary by State
- Alaska
- Alabama
- Arkansas
- Arizona
- California
- Colorado
- Connecticut
- District of Columbia
- Delaware
- Florida
- Georgia
- Hawaii
- Iowa
- Idaho
- Illinois
- Indiana
- Kansas
- Kentucky
- Louisiana
- Massachusetts
- Maryland
- Maine
- Michigan
- Minnesota
- Missouri
- Mississippi
- Montana
- North Carolina
- North Dakota
- Nebraska
- New Hampshire
- New Jersey
- New Mexico
- Nevada
- New York
- Ohio
- Oklahoma
- Oregon
- Pennsylvania
- Rhode Island
- South Carolina
- South Dakota
- Tennessee
- Texas
- Utah
- Virginia
- Vermont
- Washington
- Wisconsin
- West Virginia
- Wyoming
Mortgage Loan Coordinator Salary by City
Click to see the salary for Mortgage Loan Coordinator in these major U.S. cities.
| City Name | Average Salary |
|---|---|
| San Francisco, CA | $60,092 |
| Washington, DC | $53,516 |
| Miami, FL | $46,800 |
| Chicago, IL | $51,001 |
| Boston, MA | $54,165 |
| New York, NY | $57,833 |
| Dallas, TX | $47,761 |
If you'd like know Mortgage Loan Coordinator Salary in other cities, then please select a city in
Average Salary Range for Mortgage Loan Coordinator
Average Base Salary
Core compensation
42535
55212
Average Total Cash Compensation
Includes base and annual incentives
What is the average salary for Mortgage Loan Coordinator 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 Coordinator in the United States. The base salary for Mortgage Loan Coordinator ranges from $42,535 to $55,212 with the average base salary of $48,074. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $43,225 to $57,008 with the average total cash compensation of $49,085.
View Average Salary for Mortgage Loan Coordinator as table
| Average Salary | Average Salary Range | |
|---|---|---|
| Base Salary | $48,074 | $42,535 - $55,212 |
| Bonus | $1,011 | $690 - $1,796 |
| Total Pay | $49,085 | $43,225 - $57,008 |
* 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 Coordinator 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 Coordinator, 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 Coordinator
What's the difference between Mortgage Loan Documentation Follow Up Coordinator and Mortgage Loan Coordinator?
According to our latest salary estimation on October 28, 2020. The average salary of Mortgage Loan Coordinator is $48,074, and the average salary of Mortgage Loan Documentation Follow Up Coordinator is $40,800. The average salary of Mortgage Loan Documentation Follow Up Coordinator is lower than Mortgage Loan Coordinator. ( 2020-10-28 salary.com )
I am a Mortgage Loan Coordinator, 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 Coordinator. a Mortgage Loan Coordinator Salary in New Britain, CT is $51,920 as of October 28, 2020; a Mortgage Loan Coordinator Salary in Barnstable, MA is $50,695 as of October 28, 2020. ( 2020-10-28 salary.com )
Mortgage Loan Coordinator Frequently Asked Questions
Why does the salary of a Mortgage Loan Coordinator 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 Coordinator?
Salary ranges for a Mortgage Loan Coordinator 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