Salary Data

Mortgage Banker Salary

How much does a Mortgage Banker make in the United States?
Get the insights on the salary, benefits, education, and job description.
Salary Data for Mortgage Banker

$66,213 (USD)/yr

$32 (USD)/hr

$2,304 (USD)/yr

$65,384 (USD)/yr

$31 (USD)/hr

$2,304 (USD)/yr

Job Description
Interviews applicants, and reviews, evaluates, and authorizes or recommends approval of customer applications for conventional residential mortgage and FHA/VA loans. Interviews applicant and requests specified information for mortgage loan application. Analyzes applicant financial status, credit, and property evaluation to determine feasibility of granting loan, or may submit application to Credit Analyst for verification and recommendation.
The average mortgage banker salary in United States is $66,213 or an equivalent hourly rate of $32. In addition, they earn an average bonus of $2,304. Salary estimates based on salary survey data collected directly from employers and anonymous employees in United States.
Compensation Data Based on Experience

$47,488 (USD)

$81,640 (USD)

Education

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Salary Potential

$76,759 (USD)

16 %

Based on our compensation data, the estimated salary potential for Mortgage Banker will increase 16 % over 5 years.

Jobs That May Interest You
Mortgage Banker (Loan Officer)
access_time Posted 9 days ago
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Our PRM Mortgage Bankers are able to offer a great array of loan options including: * Conventional Home Financing and Refinancing * Jumbo Financing * Home Path * Streamline 203K * Reverse Mortgages
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About The Data
The above data is a sample of data available in ERI's Global Salary Calculator. The Global Salary Calculator provides compensation data for over 45,000 positions in 8,000+ cities in 69 countries. If you need to calculate competitive levels of salaries, incentives and total compensation by industry, organization size and salary planning date, please view a demonstration version of ERI's Salary Assessor, which is used by the majority of the Fortune 500 for salary survey data and compensation planning.
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