Mortgage Banker Salary at Hanover Mortgage Co BETA

How much does a Hanover Mortgage Co Mortgage Banker make?

As of December 2024, the average annual salary for a Mortgage Banker at Hanover Mortgage Co is $127,671, which translates to approximately $61 per hour. Salaries for Mortgage Banker at Hanover Mortgage Co typically range from $120,732 to $133,332, 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.

Hanover Mortgage Co Overview

Website:
hanovermortgageco.com
Size:
<25 Employees
Revenue:
<$5M
Industry:
Financial Services

Relationships are at the core of our business. They begin with a handshake and they last a lifetime. And thats a good thing, because youre about to make a very important decisionone that will help build your future. So you need someone you can depend on. Someone who represents the same ideals as you: loyalty, integrity and faith. That is why our Mortgage Brokers will provide you with the best Discount Mortgages and Lowest Interest Rates in Greenville, South Carolina.

See similar companies related to Hanover Mortgage Co

What Skills Does a person Need at Hanover Mortgage Co?

At Hanover Mortgage Co, 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

Holliday Ingram Real Estate Law
Greenville , SC

Job Type Full-time Description Holliday Ingram's mission is for everyone in South Carolina to experience a closing done right. Holliday Ingram puts our clients first by communicating well, proactively solving problems, and honoring their momentous occasion. We are deeply vested in creating lasting relationships and aim to deliver the highest level of trust, personalized service and client satisfaction. We are a relationship-driven company searching for a dedicated team member to join our Greenville office as a Closing Attorney. Closing Attorney Job Summary: Conduct Real Estate Closings according to South Carolina Law. Participate in marketing Holliday Ingram, LLC ("the Firm") to local Real Estate Broker offices and Mortgage Bankers by being present at marketing functions both conducted by the Firm and those that the Firm is sponsoring or has been invited to participate in. Manage staff at your designated office to ensure smooth closing experiences for our clients throughout the closing


Sponsored
12/13/2024 12:00:00 AM
JPMorgan Chase
Greenville , SC

You have a passion for helping customers, building relationships, and delivering extraordinary customer service. You are energetic and enthusiastic as the face of Chase to our retail branch customers. From a personal standpoint, you will have the opportunity to take ownership of your career development through a variety of cross-training opportunities. As a Relationship Banker in Branch Banking, you will take a lead role in delivering an outstanding experience to Chase customers. You will acquire, manage, and retain meaningful relationships with our customers, using your financial knowledge to offer thoughtful solutions to help address their financial needs, contributing to the success of the branch. You will be making the lives of customers easier by sharing and setting up self-service options to access their accounts 24 hours a day/ 7 days a week. Job responsibilities Delivers an exceptional customer experience by acting with a customer-first attitude Manages assigned customers and p


Sponsored
12/13/2024 12:00:00 AM
Holliday Ingram Real Estate Law
Greenville , SC

Job Type Full-time Description Holliday Ingram's mission is for everyone in South Carolina to experience a closing done right. Holliday Ingram puts our clients first by communicating well, proactively solving problems, and honoring their momentous occasion. We are deeply vested in creating lasting relationships and aim to deliver the highest level of trust, personalized service and client satisfaction. We are a relationship-driven company searching for a dedicated team member to join our Greenville office as a Closing Attorney. Closing Attorney Job Summary: Conduct Real Estate Closings according to South Carolina Law. Participate in marketing Holliday Ingram, LLC ("the Firm") to local Real Estate Broker offices and Mortgage Bankers by being present at marketing functions both conducted by the Firm and those that the Firm is sponsoring or has been invited to participate in. Manage staff at your designated office to ensure smooth closing experiences for our clients throughout the closing


Sponsored
12/13/2024 12:00:00 AM
JPMorgan Chase
Greenville , SC

You have a passion for helping customers, building relationships, and delivering extraordinary customer service. You are energetic and enthusiastic as the face of Chase to our retail branch customers. From a personal standpoint, you will have the opportunity to take ownership of your career development through a variety of cross-training opportunities. As a Relationship Banker in Branch Banking, you will take a lead role in delivering an outstanding experience to Chase customers. You will acquire, manage, and retain meaningful relationships with our customers, using your financial knowledge to offer thoughtful solutions to help address their financial needs, contributing to the success of the branch. You will be making the lives of customers easier by sharing and setting up self-service options to access their accounts 24 hours a day/ 7 days a week. Job responsibilities Delivers an exceptional customer experience by acting with a customer-first attitude Manages assigned customers and p


Sponsored
12/13/2024 12:00:00 AM
ArcLedge Inc.
Greenville , SC

Job Description Job Description Bookkeeper / Financial Operations Associate ArcLedge Inc. is a rapidly growing, purposeful, and relationship driven accounting firm tasked with providing our clients with exceptional accounting, bookkeeping and controller solutions. We pride ourselves on centering everything we do around our ability to Welcome Challenges, Enjoy the Journey, and always stay One Step Ahead. About the Role ArcLedge Inc. is currently looking to add a motivated, analytical-thinking Bookkeeper / Financial Operations Associate to our team. Reporting to a Financial Operations Manager, this individual will play a vital role in supporting clients in all standard daily, monthly, quarterly and annual accounting tasks, as well as specialized tasks based on client needs. You will participate in the accounts payable and accounts receivable functions, prepare reports, forecast budgets, and maintain the financial integrity of all business-related data. You will deliver exceptional servic


Sponsored
12/12/2024 12:00:00 AM
JPMorgan Chase
Greenville , SC

You have a passion for helping customers, building relationships, and delivering extraordinary customer service. You are energetic and enthusiastic as the face of Chase to our retail branch customers. From a personal standpoint, you will have the opportunity to take ownership of your career development through a variety of cross-training opportunities. As a Relationship Banker in Branch Banking, you will take a lead role in delivering an outstanding experience to Chase customers. You will acquire, manage, and retain meaningful relationships with our customers, using your financial knowledge to offer thoughtful solutions to help address their financial needs, contributing to the success of the branch. You will be making the lives of customers easier by sharing and setting up self-service options to access their accounts 24 hours a day/ 7 days a week. Job responsibilities Delivers an exceptional customer experience by acting with a customer-first attitude Manages assigned customers and p


Sponsored
12/9/2024 12:00:00 AM
Find Great People | FGP
Greenville , SC

Looking for a highly experienced and self-sufficient Financial Administrator with previous experience a background in supporting financial advisors and handling complex tasks related to account management and high-net-worth clients. Responsibilities/Requirements 5+ Years of CSA Experience- Must have a solid track record in client service and administrative roles within the financial services industry, with significant exposure to high-net-worth clients and account management. Experience working alongside financial advisors, assisting with client communications, account openings, transactions, and supporting them through the entire lifecycle of client interactions. Ability to independently monitor and manage multiple tasks, ensure timely follow-up, and handle outstanding information or paperwork without constant oversight. Familiarity with essential financial terms and processes, including the distinction between IRAs, individual accounts, investment products, and the various transactio


Sponsored
12/9/2024 12:00:00 AM
JPMorgan Chase
Greenville , SC

You have a passion for helping customers, building relationships, and delivering extraordinary customer service. You are energetic and enthusiastic as the face of Chase to our retail branch customers. From a personal standpoint, you will have the opportunity to take ownership of your career development through a variety of cross-training opportunities. As a Relationship Banker in Branch Banking, you will take a lead role in delivering an outstanding experience to Chase customers. You will acquire, manage, and retain meaningful relationships with our customers, using your financial knowledge to offer thoughtful solutions to help address their financial needs, contributing to the success of the branch. You will be making the lives of customers easier by sharing and setting up self-service options to access their accounts 24 hours a day/ 7 days a week. Job responsibilities Delivers an exceptional customer experience by acting with a customer-first attitude Manages assigned customers and p


Sponsored
12/9/2024 12:00:00 AM

Check more jobs information at Hanover Mortgage Co

Job Title Average Hanover Mortgage Co Salary Hourly Rate
2 Closer $44,314 $21
3 Loan Assistant $41,542 $20
4 Loan Officer $50,260 $24
5 Loan Partner $32,470 $16
6 Support Staff $32,641 $16
7 Mortgage Loan Officer $37,738 $18
8 President $650,185 $313
9 Processor $35,543 $17

Hourly Pay at Hanover Mortgage Co

The average hourly pay at Hanover Mortgage Co for a Mortgage Banker is $61 per hour. The location, department, and job description all have an impact on the typical compensation for Hanover Mortgage Co positions. The pay range and total remuneration for the job title are shown in the table below. Hanover Mortgage Co may pay a varying wage for a given position based on experience, talents, and education.
How accurate does $127,671 look to you?

FAQ about Salary and Jobs at Hanover Mortgage Co

1. How much does Hanover Mortgage Co pay per hour?
The average hourly pay is $61. 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 Hanover Mortgage Co?
According to the data, the highest approximate salary is about $133,332 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 Hanover Mortgage Co?
According to the data, the lowest estimated salary is about $120,732 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.