▼26%
$20.23
Avg. Base Hourly Rate (USD)
/ hour
Avg. Base Hourly Rate (USD)
10%
$15.46
MEDIAN
$20.23
90%
$23.59
The average hourly pay for a Mortgage Loan Specialist is $20.23 in 2025
Hourly Rate
$15 - $24
Bonus
$0 - $4k
Total Pay
$34k - $54k
Is Average Mortgage Loan Specialist with Microsoft Excel Skills Hourly Pay your job title? Find out what you should be paid
Use our tool to get a personalized report on your market worth.What's this?
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What is the Pay by Experience Level for Mortgage Loan Specialists?
What Do Mortgage Loan Specialists Do?
Mortgage Loan Specialist Tasks
- Ensure that loans are funded.
- Oversee processing of closing documents for loans.
Find your market worth – how it works:
Common Health Benefits for a Mortgage Loan Specialist
Medical
78%
Dental
67%
Vision
67%
None
22%
Gender Breakdown for Mortgage Loan Specialists
Female
87.5%
Male
12.5%
This data is based on 8 survey responses. Learn more about the gender pay gap.
FAQs About Mortgage Loan Specialists
What is the highest pay for Mortgage Loan Specialists?
Our data indicates that the highest pay for a Mortgage Loan Specialist is $23.59 / hour
What is the lowest pay for Mortgage Loan Specialists?
Our data indicates that the lowest pay for a Mortgage Loan Specialist is $15.46 / hour
How can Mortgage Loan Specialists increase their salary?
Increasing your pay as a Mortgage Loan Specialist is possible in different ways. Change of employer: Consider a career move to a new employer that is willing to pay higher for your skills. Level of Education: Gaining advanced degrees may allow this role to increase their income potential and qualify for promotions. Managing Experience: If you are a Mortgage Loan Specialist that oversees more junior Mortgage Loan Specialists, this experience can increase the likelihood to earn more.