Senior Loan Originator Salary at Fay Mortgage Services BETA

How much does a Fay Mortgage Services Senior Loan Originator make?

As of April 2025, the average annual salary for a Senior Loan Originator at Fay Mortgage Services is $79,150, which translates to approximately $38 per hour. Salaries for Senior Loan Originator at Fay Mortgage Services typically range from $66,756 to $91,444, reflecting the diverse roles within the company.

It's essential to understand that salaries can vary significantly based on factors such as geographic location, departmental budget, and individual qualifications. Key determinants include years of experience, specific skill sets, educational background, and relevant certifications. For a more tailored salary estimate, consider these variables when evaluating compensation for this role.

DISCLAIMER: The salary range presented here is an estimation that has been derived from our proprietary algorithm. It should be noted that this range does not originate from the company's factual payroll records or survey data.

Fay Mortgage Services Overview

Website:
faymortgage.com
Size:
<25 Employees
Revenue:
<$5M
Industry:
Financial Services

On the purchase side, making mortgage loans to people buying REO is our specialty. We are uniquely qualified to serve this market because we've been servicing these kinds of mortgage loans for over eight years. We understand the risks and rewards of purchasing REO, and have the knowledge and resources to make these mortgage loans happen. However, providing financing for REO isn't our only specialty. Our team has years of experience finding the right loan for any home. We also offer traditional, fixed rate mortgages, FHA, Jumbo, VA and ARM loans. On the refinance side, we assist homeowners - many whose loans we have serviced or are servicing through our servicing division, Fay Servicing - with securing low new rates and terms for their mortgage loans that will best accomplish their objectives, whatever they may be. We are licensed in 32 states and in the U.S. Virgin Islands, and have offices in Chicago, Dallas, Tampa and Richmond. So, we're well poised to help prospective and existing homeowners across the country achieve their goals. When you choose Fay as your lender, you are choosing a lender with a wealth of experience and expertise. You can rest easy knowing your transaction will progress smoothly and quickly through closing and beyond. Getting Started My Account

See similar companies related to Fay Mortgage Services

What Skills Does a person Need at Fay Mortgage Services?

At Fay Mortgage Services, specify the abilities and skills that a person needs in order to carry out the specified job duties. Each competency has five to ten behavioral assertions that can be observed, each with a corresponding performance level (from one to five) that is required for a particular job.

  1. Underwriting: Underwriting services are provided by some large financial institutions, such as banks, or insurance or investment houses, whereby they guarantee payment in case of damage or financial loss and accept the financial risk for liability arising from such guarantee. An underwriting arrangement may be created in a number of situations including insurance, issue of securities in a public offering, and bank lending, among others. The person or institution that agrees to sell a minimum number of securities of the company for commission is called the underwriter. The name derives from the Lloyd's of London insurance market. Financial bankers, who would accept some of the risk on a given venture (historically a sea voyage with associated risks of shipwreck) in exchange for a premium, would literally write their names under the risk information that was written on a Lloyd's slip created for this purpose.
  2. Mortgage Loans: A mortgage loan or, simply, mortgage (/ˈmɔːrɡɪdʒ/) is used either by purchasers of real property to raise funds to buy real estate, or alternatively by existing property owners to raise funds for any purpose, while putting a lien on the property being mortgaged. The loan is "secured" on the borrower's property through a process known as mortgage origination. This means that a legal mechanism is put into place which allows the lender to take possession and sell the secured property ("foreclosure" or "repossession") to pay off the loan in the event the borrower defaults on the loan or otherwise fails to abide by its terms. The word mortgage is derived from a Law French term used in Britain in the Middle Ages meaning "death pledge" and refers to the pledge ending (dying) when either the obligation is fulfilled or the property is taken through foreclosure. A mortgage can also be described as "a borrower giving consideration in the form of a collateral for a benefit (loan)".
  3. Customer Service: Customer service is the provision of service to customers before, during and after a purchase. The perception of success of such interactions is dependent on employees "who can adjust themselves to the personality of the guest". Customer service concerns the priority an organization assigns to customer service relative to components such as product innovation and pricing. In this sense, an organization that values good customer service may spend more money in training employees than the average organization or may proactively interview customers for feedback. From the point of view of an overall sales process engineering effort, customer service plays an important role in an organization's ability to generate income and revenue. From that perspective, customer service should be included as part of an overall approach to systematic improvement. One good customer service experience can change the entire perception a customer holds towards the organization.
  4. Written Communication: Communicating information through written media to educate, inform and influence the target audience.
  5. Oral Communication: Is communicating with spoken words. It's a verbal form of communication where you communicate your thoughts, present ideas and share information.

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Check more jobs information at Fay Mortgage Services

Job Title Average Fay Mortgage Services Salary Hourly Rate
2 Closing Manager $73,913 $36
3 DE Underwriter $62,113 $30
4 Loan Officer $55,625 $27
5 Loan Originator $37,679 $18
6 Loan Processor $39,337 $19
7 Manager, Underwriting $112,866 $54
8 Mortgage Loan Closer $49,044 $24
9 Mortgage Loan Officer $41,766 $20
10 Mortgage Loan Originator $41,766 $20
11 National Sales Manager $215,302 $104
12 Quality Assurance Specialist $88,012 $42

Hourly Pay at Fay Mortgage Services

The average hourly pay at Fay Mortgage Services for a Senior Loan Originator is $38 per hour. The location, department, and job description all have an impact on the typical compensation for Fay Mortgage Services positions. The pay range and total remuneration for the job title are shown in the table below. Fay Mortgage Services may pay a varying wage for a given position based on experience, talents, and education.
How accurate does $79,150 look to you?

FAQ about Salary and Jobs at Fay Mortgage Services

1. How much does Fay Mortgage Services pay per hour?
The average hourly pay is $38. The salary for each employee depends on several factors, including the level of experience, work performance, certifications and skills.
2. What is the highest salary at Fay Mortgage Services?
According to the data, the highest approximate salary is about $91,444 per year. Salaries are usually determined by comparing other employees’ salaries in similar positions in the same region and industry.
3. What is the lowest pay at Fay Mortgage Services?
According to the data, the lowest estimated salary is about $66,756 per year. Pay levels are mainly influenced by market forces, supply and demand, and social structures.
4. What steps can an employee take to increase their salary?
There are various ways to increase the wage. Level of education: An employee may receive a higher salary and get a promotion if they obtain advanced degrees. Experience in management: an employee with supervisory experience can increase the likelihood to earn more.