Bank Of Franklin County Salary for Mortgage Processing Manager BETA

What is the average salary for a Mortgage Processing Manager at Bank Of Franklin County in the United States?
Based on our data, it appears that the optimal compensation range for a Mortgage Processing Manager at Bank Of Franklin County is between $108,499 and $119,845, with an average salary of $114,732. Salaries can vary widely depending on the region, the department and many other important factors such as the employee’s level of education, certifications and additional skills.

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.

Bank of Franklin County Overview

Website:
bankoffranklincounty.com
Size:
25 - 50 Employees
Revenue:
$10M - $50M
Industry:
Financial Services

At Bank of Franklin County we appreciate the "good old days" of banking. Families would stop by the bank when they came to town on Saturday morning to do their weekly banking. Bank customers were treated like they were special. The tellers would know them by name. The kids would get a sucker. Smiles and handshakes were an everyday occurrence. Responsive, flexible and distinguished personal service is the backbone of who we are. Even though today's banking environment offers many ways to conduct your business without physically visiting your bank, we want you to know you can stop by anytime to 'Talk to Your Banker'. We offer the services of a large bank in the comfort of a locally owned community bank. Bank of Franklin County is locally owned and locally managed. Therefore, the decision making stays here. We are truly a community bank that takes pride in the communities we serve. Bank of Franklin County strives to keep pace with the ever-changing and innovative world of Banking. Investments in technology and training are a significant portion of our budget. This investment in people and products enables us to stay current and offer a wide range of services provided to you by a knowledgeable, well trained staff. Call or stop by anytime. We are not your typical bankers, not your typical bank.

See similar companies related to Bank Of Franklin County

What Skills Does a person Need at Bank Of Franklin County?

At Bank Of Franklin County, 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. 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)".
  2. 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.
  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. Mortgage Lending: A mortgage loan is a secured loan that allows you to avail funds by providing an immovable asset, such as a house or commercial property, as collateral to the lender.
  5. Mortgage Banking: Mortgage banking generally involves loan originations as well as purchases and sales of loans through the secondary mortgage market. A bank engaged in mortgage banking may retain or sell loans it originates or purchases from affiliates, brokers, or correspondents.

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Check more jobs information at Bank Of Franklin County

Job Title Average Bank Of Franklin County Salary Hourly Rate
2 Chief Executive Officer $713,873 $343
3 Consumer Loan Specialist $55,254 $27
4 Executive Assistant $73,971 $36
5 Mortgage Loan Processor $37,380 $18
6 Senior Commercial Lender $145,135 $70
7 Commercial Lender $43,828 $21
8 Commercial Loan Officer $61,075 $29
9 Mortgage Processor $37,380 $18
10 Relationship Manager $79,459 $38
11 Assistant Branch Manager $45,612 $22
12 Branch Manager $62,879 $30

Hourly Pay at Bank Of Franklin County

The average hourly pay at Bank Of Franklin County for a Mortgage Processing Manager is $55 per hour. The location, department, and job description all have an impact on the typical compensation for Bank Of Franklin County positions. The pay range and total remuneration for the job title are shown in the table below. Bank Of Franklin County may pay a varying wage for a given position based on experience, talents, and education.
How accurate does $114,732 look to you?

FAQ about Salary and Jobs at Bank Of Franklin County

1. How much does Bank Of Franklin County pay per hour?
The average hourly pay is $55. 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 Bank Of Franklin County?
According to the data, the highest approximate salary is about $119,845 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 Bank Of Franklin County?
According to the data, the lowest estimated salary is about $108,499 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.