Mortgage Loan Funder salary in Iceland

Average Yearly Salary of Mortgage Loan Funder in Iceland is approximately 8,795,387 ISK (61,635 USD). Data is for 2025 and indicates a pre-tax value. The salary itself depends on multiple factors such as seniority, job performance, certifications, experience or any other bonuses. The value indicated is an average amount based on records we have in database. Real values may vary. The data is for orientational purposes.

What does Mortgage Loan Funder do?

A mortgage loan funder is responsible for the final stage of the mortgage loan process. Their main role is to review and verify all loan documents, ensuring accuracy and compliance with regulations and policies. They work closely with loan processors, underwriters, and closers to coordinate the funding of loans in a timely manner. Mortgage loan funders are responsible for disbursing funds to the appropriate parties, such as the borrower, seller, and third-party vendors. They must also ensure that all necessary documentation is properly executed and recorded. Attention to detail, strong organizational skills, and knowledge of mortgage lending guidelines and procedures are essential in this role.

Skills: mortgage loan funder, loan processing, loan funding, mortgage lending, compliance, documentation
Job industry: Banking

How much does Mortgage Loan Funder make?

Difference in salary year over year or average salary increase is approximately 3 %


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Salary comparison to National average

Is Mortgage Loan Funder a well paid job?

Yes, our data show that Mortgage Loan Funder is an averagely well paid job that still allows for some yearly savings. With years and experience the salary might increase even further, resulting in higher satisfaction.

What is considered a high salary for Mortgage Loan Funder?

High salary for Mortgage Loan Funder would be somewhere between 9,674,926 ISK and 12,753,311 ISK. However this is an estimation based on Gaussian Distribution.

How much can you save working as Mortgage Loan Funder in Iceland?

Living in Iceland the approximate monthly expenses are: 2,729 USD. This amount covers basic needs such as food, housing, clothing, healthcare and education costs for a single person. No luxury expenses such as traveling, leisure, hobbies are included in the estimation.

Estimated Yearly Salary: 8,795,387 ISK
Estimated Monthly Salary: 732,949 ISK
Estimated Weekly Salary: 169,142 ISK per week
Estimated Hourly Salary: 4,229 ISK per hour
By working as Mortgage Loan Funder a person can save up to 2,407 USD per month or 28,889 USD yearly. Values are pre-tax.

NOTE: These values are estimates and are averaged for the whole country. Furthermore the value is likely exaggerated as no other expenses are taken into account in the projection. Unessential expenses are very subjective and are difficult to assess. Most likely the previously estimated number is significantly lower for majority of people. Expenses in different cities across the country may vary. Above values accuracy is low and is based on limited set of data obtained.

For more information regarding expenses in Iceland, see costs of living in Iceland.

Salary comparison to region and neighbouring coutries

Country's neighbours are: Norway, Faroe Islands, United Kingdom.
To make it easier for comparison a conversion from local currency to USD has been made (conversion rates may vary).

Estimated Yearly Salary for Mortgage Loan Funder

Last revision of data: 2025-01-04

Salary increase per years of experience

Based on data available the salary increase per years of experience is as following

0 years (beginner) equals base salary

1 to 5 years of experience yields +12% salary increase

6 to 10 years of experience yields +25% salary increase

11 to 15 years of experience yields +16% salary increase

16 to 25 years of experience yields +9% salary increase

more than 25 years of experience yields +10% salary increase

NOTE: Details based on limited set of data. Percentages may vary. The salary increase over years of experience can vary widely based on factors such as job industry, job role, location, company size, and individual performance. To gain even larger increase in salary one is advised to switch jobs and / or employer.

Top 10 highest salaries in Iceland

Data as of 2025

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