Mortgage Banker
Mortgage Banker Job Description
Loan Officers Evaluate, authorize, or recommend approval of commercial, real estate, or credit loans. Advise borrowers on financial status and methods of payments. Includes mortgage loan officers and agents, collection analysts, loan servicing officers, and loan underwriters.
Mortgage Banker Salary Statistics as of 2015
Average annual salary for a Mortgage Banker is $57500 based on statistics in the U.S. as of 2015. The highest salary recorded was $391482. The lowest salary reported was $29477. These figures will vary on a state to state basis as these are averages across all 50 states.
Median hourly wage for a Mortgage Banker is $28.59 based on statistics in the U.S. as of 2015. The highest hourly rate recorded was $194.67. The lowest hourly rate recorded was $14.66. These figures will vary on a state to state basis as these are averages across all 50 states.
Bonuses for a Mortgage Banker are based on the years of experience using statistics from the U.S. as of 2015. The average bonus recorded was $0 from people with 15+ years of experience. The average bonus recorded was $15500 from people with under 1 year of experience.
These are the highest paying states for a Mortgage Banker. These numbers are based of the median annual salary as of 2015.
Michigan – n/a
Texas – n/a
These are the highest paying cities for a Mortgage Banker. These numbers are based of the median annual salary as of 2015.
Detroit, Michigan –
This chart outlines the average annual salary of a Mortgage Banker from the past 5 years. In 2015 the average annual salary was $57500 while in 2007 it was just $53324.49
Job Outlook
Gender Statistics |
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60%
40%
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Based on our stats gathered across the U.S. 60% of Mortgage Bankers were males while 40% were females. These numbers are based on averages across all states combined. Some individual states may have a much different ratio however.
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