Mortgage Loan Officer Salary at Vanderbilt Mortgage And Finance Inc BETA

How much does a Vanderbilt Mortgage And Finance Inc Mortgage Loan Officer make?

As of April 2025, the average annual salary for a Mortgage Loan Officer at Vanderbilt Mortgage And Finance Inc is $46,505, which translates to approximately $22 per hour. Salaries for Mortgage Loan Officer at Vanderbilt Mortgage And Finance Inc typically range from $39,915 to $53,530, 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.

Vanderbilt Mortgage and Finance Inc Overview

Website:
vmf.com
Size:
1,000 - 3,000 Employees
Revenue:
$200M - $500M
Industry:
Financial Services

Vanderbilt Mortgage and Finance, Inc. is a national housing lender that specializes in financing manufactured homes. In business for more than 40 years, the company currently services more than 200,000 home loans and works hard to tailor loans to each family's needs. Vanderbilt has an A+ grade from the Better Business Bureau and is a Berkshire Hathaway company.

See similar companies related to Vanderbilt Mortgage And Finance Inc

What Skills Does a person Need at Vanderbilt Mortgage And Finance Inc?

At Vanderbilt Mortgage And Finance Inc, 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. Financial services: A services provided by the finance industry, which encompasses a broad range of businesses that manage money. These services involve banking, brokerage, mortgages, credit cards, payment services, real estate, investment funds, taxes and accounting.
  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. 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.
  4. Loan Origination: Loan origination is the process by which a borrower applies for a new loan, and a lender processes that application. Origination generally includes all the steps from taking a loan application up to disbursal of funds (or declining the application). For mortgages, there is a specific mortgage origination process. Loan servicing covers everything after disbursing the funds until the loan is fully paid off. Loan origination is a specialized version of new account opening for financial services organizations. Certain people and organizations specialize in loan origination. Mortgage brokers and other mortgage originator companies serve as a prominent example. There are many different types of loans. For more information on loan types, see the loan and consumer lending articles. Steps involved in originating a loan vary by loan type, various kinds of loan risk, regulator, lender policy, and other factors.
  5. Pricing: Pricing is a process of fixing the value that a manufacturer will receive in the exchange of services and goods.

Related Jobs

Ferretti Search
Knoxville , TN

Job Title: Branch Manager Location: Knoxville, TN - Relocation assistance provided Job Type: Full-Time Reports To: Regional Manager *MUST BE A CERTIFIED ARBORIST* Position Summary We are seeking a skilled and Certified Arborist to join our team as Branch Manager. In this role, you’ll combine strategic leadership with field expertise to oversee day-to-day operations, manage performance metrics, and drive profitability across our residential, commercial, and municipal tree care services. If you're passionate about arboriculture and have proven experience managing crews, estimating jobs, and maintaining high safety and quality standards, this is the role for you. Key Responsibilities Team Leadership & Development Lead and manage a team of arborists, climbers, and ground crew to deliver safe, efficient, and top-quality tree care services. Mentor and train team members, fostering a culture of professionalism, safety, and continuous improvement. Operations & Project Oversight Conduct on-site


Sponsored
4/24/2025 12:00:00 AM
SmartBank
Farragut , TN

At SmartBank, our benefits package is designed to enhance your life. You'll enjoy medical, dental, vision, life, and disability insurance, as well as a 401(k) plan with a 4% employer match. Our generous paid time off (PTO), SmartFlex Days, and 11 Paid Company Holidays promote work-life balance. Engage in paid community involvement, enjoy company apparel, and access tuition reimbursement for your growth. About Us SmartBank is rooted in our core values: Acting with Integrity, Being Enthusiastic, Creating Positivity, Demonstrating Accountability, and Embracing Change. Our team lives and breathes these values to fulfill our core purpose: creating "WOW" experiences for our clients. For over 15 years, we've been delivering on this purpose in Tennessee, Alabama, and Florida, and we're continuously expanding our reach. Our team is empowered to care for our clients and actively participate in the communities we serve. At SmartBank, we prioritize individual needs, set high expectations, and cele


Sponsored
4/24/2025 12:00:00 AM
Republic Finance
Knoxville , TN

Overview and Responsibilities: Are you a current Junior or Senior in college that is seeking an Internship with a Finance or Business focus? If so, then look no more! Republic Finance is seeking Interns for our Branch Operations program! As a Branch Ops Interns you will have the opportunity to learn the daily functions and operations of a branch as well as learn about the broader organization and the various career opportunities we offer. You will interact with team members and leaders to gain real-world experience by working alongside our team to learn about many aspects of the day-to-day operations of a branch as well as the overall business including: the Republic Way sales and customer service approach, compliance training, loan closing, leadership training as well as one or more branch operations continuous improvement projects involving various other departments of the company. We will provide you with hands on experience and will expose you to the career paths we offer and famil


Sponsored
4/24/2025 12:00:00 AM
ORNL Federal Credit Union
Lenoir City , TN

This position is hybrid/remote: in the Lenoir City Branch or Loudon Branch 2 days/week. The deadline to apply for this opportunity is April 1, 2025. Role: The Mortgage Banking Officer - Bilingual is responsible for originating residential first mortgage and equity loans while actively engaging in related business development activities. This position ensures members receive exemplary mortgage loan origination services in alignment with ORNL Federal Credit Union's lending policies, practices, and procedures. Additionally, the Mortgage Banking Officer counsels members, gathers necessary information to evaluate credit applications, and submits loans to underwriting in accordance with established guidelines. A critical aspect of the role is fostering strong working relationships with retail bank partners, who serve as an extension of the Mortgage team within the branch environment. The Mortgage Banking Officer is responsible for providing education, support, and guidance to branch partners


Sponsored
4/24/2025 12:00:00 AM
First Horizon
Knoxville , TN

Location: On site at location listed in job posting. At First Horizon Bank Operations, we are on a mission to deliver a seamless customer experience. We are passionate about doing things right and doing the right things. We collaborate with each other and with our internal business partners to delight our customers. We believe in creating an environment where everyone's ideas are valued so that the team operates at its best. Our team members serve with humility and a deep commitment to their responsibility to be the best at serving their customers one opportunity at a time. Summary: The Foreclosure Specialist role is responsible for monitoring and maintaining an assigned portfolio of severely delinquent or imminent default loans through the foreclosure process. The ideal candidate has default servicing experience, is very detail oriented and views their work as their self-portrait. A high level of decision-making skills as well as knowledge of general collections practices in regard to


Sponsored
4/24/2025 12:00:00 AM
World Acceptance Corporation
Knoxville , TN

World Finance, winner of the Top Workplaces USA award three years in a row and a two-time winner of Newsweek's Most Trustworthy Companies award, helps customers meet their financial needs and unlock their financial good. We're an energetic team looking for a Financial Services Representative to guide customers on their financial journey. As a Financial Services Representative, you're the face of World Finance - empathizing, empowering, and engaging with our customers. The primary responsibility of the Financial Services Representative is to assist the Branch Manager in operating the branch effectively and efficiently and to maximize growth. This position is expected to utilize sound lending skills, maximize potential profits, and follow policies for effective collection of accounts. This position is also responsible for providing excellent customer service which is an essential part of marketing the branch and Company culture. Hourly Pay: $15 - $19 What you'll do: Guide customers towar


Sponsored
4/24/2025 12:00:00 AM
Mortgage Investors Group
Knoxville , TN

POSITION SUMMARY Outside sales position in which professional tenacity, perseverance and a high level of integrity are an absolute requirement. Responsible for growth of the mortgage lending business through sales in the local community. ESSENTIAL JOB FUNCTIONS Solicit residential home loan referrals (purchase and refinance) from realtors, builders and other parts of the community Meet with potential borrowers to analyze financial situation and needs for purchase or refinance, gather necessary documentation for the loan process, etc. Provide necessary documentation to processing and underwriting departments to ensure timely loan closings Other duties as assigned Requirements JOB SPECIFICATIONS Minimum Education: High School or Equivalent Minimum Knowledge: Ability to analyze complex financial situations to determine best case solutions for clientsMinimum Knowledge: Indicate the specific task and/or knowledge necessary to perform this job at a minimum satisfaction level. (Focus on the t


Sponsored
4/23/2025 12:00:00 AM
UT Federal Credit Union
Alcoa , TN

Title: Mortgage Loan Originator Location: Springbrook Farms Alcoa TN The purpose of this position is to expand the credit union's residential mortgage loan portfolio by cultivating new and existing relationships, assisting potential borrowers to choose the right mortgage product, and advising borrowers throughout the mortgage process. This position provides prompt, professional and courteous support and assistance to internal departments, retail branches and members. ESSENTIAL DUTIES AND RESPONSIBILITIES include the following. Other duties may be assigned. Provides friendly, responsive service to all members; cultivates and maintains appropriate relationships with members and co-workers; abides by UT Federal Credit Union's Global and Departmental Service Standards and encourages teammates to do the same. Achieves referral and/or sales goals set forth by the credit union. Maintains the highest level of confidentiality with all member information. Assists in developing the credit union's


Sponsored
4/21/2025 12:00:00 AM

Check more jobs information at Vanderbilt Mortgage And Finance Inc

Job Title Average Vanderbilt Mortgage And Finance Inc Salary Hourly Rate
2 Payroll Administrator $67,627 $33
3 President $801,239 $385
4 Quality Monitoring Analyst $48,440 $23
5 Quality System Analyst $63,679 $31
6 Real Estate Agent $97,544 $47
7 Remarketing Coordinator $69,551 $33
8 Senior Loan Originator $88,132 $42
9 Senior Programmer & Analyst $110,547 $53
10 Lead Compliance Auditor $81,789 $39
11 Licensing Compliance Coordinator $75,779 $36
12 Licensing Coordinator $47,167 $23
13 Loan Processing Specialist $51,142 $25

Hourly Pay at Vanderbilt Mortgage And Finance Inc

The average hourly pay at Vanderbilt Mortgage And Finance Inc for a Mortgage Loan Officer is $22 per hour. The location, department, and job description all have an impact on the typical compensation for Vanderbilt Mortgage And Finance Inc positions. The pay range and total remuneration for the job title are shown in the table below. Vanderbilt Mortgage And Finance Inc may pay a varying wage for a given position based on experience, talents, and education.
How accurate does $46,505 look to you?

FAQ about Salary and Jobs at Vanderbilt Mortgage And Finance Inc

1. How much does Vanderbilt Mortgage And Finance Inc pay per hour?
The average hourly pay is $22. 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 Vanderbilt Mortgage And Finance Inc?
According to the data, the highest approximate salary is about $53,530 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 Vanderbilt Mortgage And Finance Inc?
According to the data, the lowest estimated salary is about $39,915 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.