Mortgage Banker Salary at First Bancorp BETA

How much does a First Bancorp Mortgage Banker make?

As of December 2024, the average annual salary for a Mortgage Banker at First Bancorp is $146,699, which translates to approximately $71 per hour. Salaries for Mortgage Banker at First Bancorp typically range from $138,472 to $153,612, 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.

First BanCorp Overview

Website:
firstbankpr.com
Size:
3,000 - 7,500 Employees
Revenue:
$500M - $1B
Industry:
Financial Services

First BanCorp is a company that operates in the Financial Services industry. It employs 2,001-5,000 people and has $500M-$1B of revenue. The company is headquartered in San Juan, Puerto Rico.

See similar companies related to First Bancorp

What Skills Does a person Need at First Bancorp?

At First Bancorp, 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.

Related Jobs

City Experiences
San Juan , PR

Salary - $16/HR City Experiences is seeking a Maintenance Technician Engineering for our Puerto Rico Ferry by Hornblower Operation in San Juan . About You: This person will be adaptable, dynamic, and embody City Experiences' RESPECT Service System. About the Opportunity: The Maintenance Technician is primarily responsible for conducting preventative maintenance as directed by the Port Engineer. Essential Duties & Responsibilities: Safety First. Be an active advocate of, and participant in, the Safety Culture. Safety shall always remain the highest priority. Remain true to and champion the Company's RESPECT Core Values and Code of Conduct. Consider reliability and efficiency regarding Company operations. Support overall state of safety and security for the project site. Demonstrate practical knowledge of all phases of shipboard safety procedures and knowledge of location and use of all firefighting and safety equipment (i.e., fire extinguishers, life preservers, work vest). Use proper P


Sponsored
12/11/2024 12:00:00 AM
SP Plus Corporation
San Juan , PR

Overview: SP+ is driven by Our Promise, Making Every Moment Matter for a World on the Go. Our team understands that time is scarce, so we are intentional about putting ourselves in the shoes of those we serve. The result is a unique combination of talented people and industry-leading technology that enables SP+ to prioritize each and every moment, recognizing that the time colleagues, clients and customers invest in us must always matter. Come pave the way with SP+, a company driven by its three core values: Ingenuity, Diversity and Integrity. Salary Range: $10.50 per hour Benefits: Eligible employees will participate in the various benefits plans including medical, dental, vision, flexible spending accounts, long/short term disability, life insurance, accident insurance, 401k and paid time off. An SP+ Cashier will create an efficient, stress-free, and enjoyable experience for each customer. This includes receiving payment from customers for parking services and facilitating the flow o


Sponsored
12/11/2024 12:00:00 AM
Marriott
San Juan , PR

Job Number 24162788 Job Category Information Technology Location Marriott International HQ, 7750 Wisconsin Avenue, Bethesda, Maryland, United States Schedule Full-Time Located Remotely? Y Relocation? N Position Type Management JOB SUMMARY: As the Sr. Engineer/Developer for SailPoint, you will be responsible for engineering & development of IGA features and application connectors. You will work closely with cross-functional teams, including security analysts, engineers, and business stakeholders, to develop and deliver high-quality capabilities that meet security design principles. CANDIDATE PROFILE Education and Experience Required: Bachelor's degree in computer science, information systems, cybersecurity or a related field or equivalent experience/certification. 7+ years of progressive Information Technology/Information Security experience in engineering and development of IGA features & Application integration, 5+ years of development experience in SailPoint IIQ Implementation, Confi


Sponsored
12/11/2024 12:00:00 AM
Marriott
San Juan , PR

Job Number 24151737 Job Category Information Technology Location Marriott International HQ, 7750 Wisconsin Avenue, Bethesda, Maryland, United States Schedule Full-Time Located Remotely? Y Relocation? N Position Type Management JOB SUMMARY The Senior Network Engineer, Global Wide Area Network (GWAN) Team is responsible for creating and improving secure network services and solutions that ensure the best experience possible for Marriott Associates, contractors, and customers. The Senior Engineer will be working with leading edge technologies, such as SDWAN, Cloud Networking, AI/ML enablement, while delivering against a SASE based framework. We are looking for a critical thinker who embraces the goal of a fully automated network to help us deliver on our major initiative to transform our global wide area network which is a foundational effort to support Marriott's cloud first strategy. CANDIDATE PROFILE Qualifications Bachelor's degree in Engineering, Computer Science, or related technica


Sponsored
12/11/2024 12:00:00 AM
Marriott
San Juan , PR

Job Number 24130934 Job Category Information Technology Location Starwood Above Property, One StarPoint, Stamford, Connecticut, United States Schedule Full-Time Located Remotely? Y Relocation? N Position Type Management JOB SUMMARY: At Marriott International, our vision and goal is to become the world's favorite travel company We celebrate the dreamers who make their own mark, and with good reason. Our success is measured by the joy and satisfaction we bring our customers. Our world class Marriott Bonvoy loyalty program, portfolio of 8,800+ properties across the globe and 30 brands makes us a leader in the travel & hospitality space. Being world class is possibly only through being able to hire and retain the best talent. At Marriott, our success is measured by the joy and satisfaction we bring our customers. Much of that success is driven by our award-winning Loyalty program Bonvoy, and the member benefits that can be enjoyed by staying at one of our 8,800+ properties or taking advant


Sponsored
12/11/2024 12:00:00 AM
Sun West Mortgage-Since 1980
Guaynabo , PR

Job Description Job Description Sun West is a nationwide full-service mortgage seller /servicer with over 42 years of experience. As one of the fastest growing mortgage bankers we provide exceptional service, technology, and product innovation. Sun West has set the mark in the Mortgage industry as one of the leading company’s offering a full product set including Conventional, Jumbo, FHA, VA, 203K, single close construction, Reverse Mortgages, Non QM, Investor Loans and other specialty products. We are looking for people who learn quickly, multitask, have the ability to disseminate technical information and communicate it to homeowners. Ability to multi-task, prioritize, and manage time effectively. Excellent time management skills. Identify and assess customers’ needs to achieve satisfaction. Provide accurate, valid and complete information. Handle complaints, provide appropriate solutions and alternatives and follow up to ensure resolution. Bilingual / Fluent English - required Demon


Sponsored
12/10/2024 12:00:00 AM
Sun West Mortgage-Since 1980
Guaynabo , PR

Job Description Job Description Sun West is a nationwide full-service mortgage seller /servicer with over 42 years of experience. As one of the fastest growing mortgage bankers we provide exceptional service, technology, and product innovation. Sun West has set the mark in the Mortgage industry as one of the leading company’s offering a full product set including Conventional, Jumbo, FHA, VA, 203K, single close construction, Reverse Mortgages, Non QM, Investor Loans and other specialty products. We are looking for people who learn quickly, multitask, have the ability to disseminate technical information and communicate it to homeowners. Ability to multi-task, prioritize, and manage time effectively. Excellent time management skills. Identify and assess customers’ needs to achieve satisfaction. Provide accurate, valid and complete information. Handle complaints, provide appropriate solutions and alternatives and follow up to ensure resolution. Bilingual / Fluent English - required Demon


Sponsored
12/10/2024 12:00:00 AM
CAI
San Juan , PR

**Job ID Number** R4000 **Employment Type** Full time **Worksite Flexibility** Remote **Job Summary** As a Finance Intern, you will analyze and forecast financial reports, assess discrepancies, reconcile balance sheet accounts, create amortization schedules, oversee accrual reconciliations, and improve data integrity and reporting for CAI and its affiliates. **Job Description** We are looking for a **Finance Intern** **.** This position will be a **full-time Internship role and remote.** **The internship program runs from June 2nd 2025 - August 1st 2025.** **What** **Youll** **Do** + Prepare monthly analysis of financial reports for operating divisions and cost centers, including trend analysis and spending/revenue patterns + Assess monthly financials for discrepancies and error reporting + Prepare monthly forecasts for operating divisions and cost centers + Prepare ad hoc reports to support management in financial decision making + Process recurring journal entries and accruals for mo


Sponsored
12/8/2024 12:00:00 AM

Check more jobs information at First Bancorp

Job Title Average First Bancorp Salary Hourly Rate
2 Administrative Officer $49,804 $24
3 Business Analyst $112,163 $54
4 Compliance Officer $100,924 $49
5 Executive Vice President $348,166 $167
6 Manager, Financial Risk $147,590 $71
7 Manager, Risk $139,247 $67
8 Senior Vice President $234,161 $113
9 Manager $121,288 $58
10 Sales & Service Representative $110,653 $53
11 Sales& Services Representative $67,617 $33
12 Accounting Officer $262,400 $126
13 Branch Assistant Manager $58,461 $28

Hourly Pay at First Bancorp

The average hourly pay at First Bancorp for a Mortgage Banker is $71 per hour. The location, department, and job description all have an impact on the typical compensation for First Bancorp positions. The pay range and total remuneration for the job title are shown in the table below. First Bancorp may pay a varying wage for a given position based on experience, talents, and education.
How accurate does $146,699 look to you?

FAQ about Salary and Jobs at First Bancorp

1. How much does First Bancorp pay per hour?
The average hourly pay is $71. 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 First Bancorp?
According to the data, the highest approximate salary is about $153,612 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 First Bancorp?
According to the data, the lowest estimated salary is about $138,472 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.