Vice President, Mortgage Lending Salary at Elmer Bancorp Inc BETA

How much does an Elmer Bancorp Inc Vice President, Mortgage Lending make?

As of March 2025, the average annual salary for a Vice President, Mortgage Lending at Elmer Bancorp Inc is $239,319, which translates to approximately $115 per hour. Salaries for Vice President, Mortgage Lending at Elmer Bancorp Inc typically range from $181,301 to $291,722, 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.

Elmer Bancorp Inc Overview

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

Elmer Bancorp, Inc. operates as the bank holding company for The First National Bank of Elmer that provides various business and personal banking products and services. It provides checking, money market, savings, NOW, Christmas club, and individual retirement accounts; and certificates of deposit. The company also offers business loans comprising owner occupied real estate, investment real estate, agricultural, business expansion, vehicle, term, construction, and construction to permanent loans, as well as business lines of credit and letters of credit; and small business administration loans, term loans, home equity loans, lines of credit, residential mortgages, consumer loans, and commercial mortgages. In addition, it provides merchant, cash management, remote deposit capture, and electronic bill payments services; mobile, text message, and online banking services; VISA check cards; and debit and credit cards. The company offers its products and services through six full-service branch offices located in Cumberland, Gloucester, and Salem Counties, New Jersey. Elmer Bancorp, Inc. was founded in 1903 and is based in Elmer, New Jersey.

See similar companies related to Elmer Bancorp Inc

What Skills Does a person Need at Elmer Bancorp Inc?

At Elmer Bancorp 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. 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. 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.
  3. Mortgage Products: Mortgage Products means residential real estate secured loan products as from time to time offered by Bank.
  4. Products and Services: Knowledge of the full array of our organization's products and services including those that are created for internal customers; insight into the differentiating factors that distinguish them from those of competitors.
  5. Loan Underwriting: Underwriting is the process by which the lender decides whether an applicant is creditworthy and should receive a loan. is a crucial aspect of the loan process a home loan, business loan, car loan, or personal loan.

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Check more jobs information at Elmer Bancorp Inc

Job Title Average Elmer Bancorp Inc Salary Hourly Rate
2 Board Member $90,822 $44
3 Bookkeeper $40,436 $19
4 Branch Manager $68,064 $33
5 HR Administrator $55,484 $27
6 Senior VP & Chief Financial Officer $402,874 $194
7 Supervisor, Branch Operations $82,750 $40
8 Executive Assistant To the President $80,071 $38
9 Loan Processing Specialist $49,323 $24
10 Assistant Vice President & Assistant Controller $152,621 $73
11 Assistant VP, Credit Administration $117,884 $57
12 Executive Director $182,410 $88
13 Financial Center Assistant & Manager $122,941 $59

Hourly Pay at Elmer Bancorp Inc

The average hourly pay at Elmer Bancorp Inc for a Vice President, Mortgage Lending is $115 per hour. The location, department, and job description all have an impact on the typical compensation for Elmer Bancorp Inc positions. The pay range and total remuneration for the job title are shown in the table below. Elmer Bancorp Inc may pay a varying wage for a given position based on experience, talents, and education.
How accurate does $239,319 look to you?

FAQ about Salary and Jobs at Elmer Bancorp Inc

1. How much does Elmer Bancorp Inc pay per hour?
The average hourly pay is $115. 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 Elmer Bancorp Inc?
According to the data, the highest approximate salary is about $291,722 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 Elmer Bancorp Inc?
According to the data, the lowest estimated salary is about $181,301 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.