Magellan Mortgage Group Inc Salary

As of August 2026, the average annual salary for employees at Magellan Mortgage Group Inc in the United States is $92,812. This translates to an approximate hourly wage of $45. Salaries at Magellan Mortgage Group Inc typically range from $81,363 to $105,246 annually, reflecting the diverse roles and experience levels within the company.
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Current Job Openings at Magellan Mortgage Group Inc

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Is Magellan Mortgage Group Inc’s Pay Competitive? Salary Benchmarking Analysis

How does Magellan Mortgage Group Inc's compensation stack up against the industry and its key competitors? Our salary benchmarking analysis provides a clear comparison. The chart below visualizes this comparison alongside select peer companies.
Competitor / Benchmark Avg. Salary Variance Primary Market Influence Factor & Explanation
Willcox Mortgage Group $89,711
-3.3%
Reflects market rates for standard general contracting, differing from specialized roles.
Expert Mortgage Group $96,198
+3.6%
Supported by Expert Mortgage Group's high-margin contracts allowing higher overhead.
NW Morgage Group $98,276
+5.9%
Reflects a supply-demand imbalance for the specific talent NW Morgage Group targets.
PCI Special Interest Group $97,548
+5.1%
Influenced by prevailing union wage agreements specific to PCI Special Interest Group's sector.
Financial Services Industry $121,514
+30.9%
Pay variances are driven by organizational scale, specialized skill requirements, or geographic cost-of-living factors.
Need More Granular Data? The analysis above provides a high-level market overview. To benchmark specific job codes, adjust for real-time cost-of-living changes, or access verified HR-reported datasets, upgrade to Salary.com for Business. Precision matters when building your compensation strategy.

Employee Reviews: Working at Magellan Mortgage Group Inc

Considering a career at Magellan Mortgage Group Inc? Explore authentic employee reviews to learn about the work environment, career growth opportunities, pay transparency and benefits. These first-hand insights can help you set realistic compensation expectations and make informed career decisions.
Communication is strong, and teamwork is emphasized. The organization values innovation and ensures employees have access to tools and training needed to succeed in a competitive financial landscape. Benefits are average, and work-life balance depends heavily on your department. Management style depends on the department.
That makes a huge difference when juggling multiple priorities. This flexibility has improved my productivity and work-life harmony. Anniversary celebrations acknowledge tenure milestones. The benefits are generous, and the team culture promotes collaboration and respect, making it easy to stay motivated and engaged. Teams operate with mutual respect, and innovation is encouraged. This preparednes...
What I appreciate most is how this diversity enhances our problem-solving and client service capabilities. Ethical values guide daily operations. The firm’s commitment to corporate responsibility—from sustainability to community initiatives—adds deeper meaning to our daily work. Career growth is possible but based on tenure rather than merit.

Magellan Mortgage Group Inc Overview

Website
Data pending, update soon.
Founded In
2007
Employees
50 - 100 employees
Industry
Financial Services
Headquarter Address
388 State St Salem Oregon OR 97301
Revenue
<$5 Million
Phone Number
+1 8017963669
Social Media
About Magellan Mortgage Group Inc
Magellan Mortgage Group Inc is a company that operates in the Financial Services industry. It employs 51-100 people and has $1M-$5M of revenue. The company is headquartered in Salem, Oregon.

What Benefits Does Magellan Mortgage Group Inc Offer Beyond Salary?

A competitive compensation package is more than just a salary. Magellan Mortgage Group Inc offers a comprehensive benefits package designed to support your health, financial future, and overall well-being. Below are the most common key benefits:
Social Security
401(K)
Disability
Healthcare
Pension
Time Off (days)
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What Is the Cost of Living Near Salem?

Understanding the cost of living near Salem is key to truly evaluating a salary offer or your current compensation at Magellan Mortgage Group Inc.
Salem's Cost of Living Index is approximately 101.7 (1.7% more expensive than US average; 11.6% less than OR average). State capital, more affordable housing than Portland. Cherriots bus. When planning your budget based on a salary from Magellan Mortgage Group Inc, consider these typical monthly expenses:
Expense Category Estimated Monthly Cost Key Considerations / Notes
Housing (1-BR Apt Rent) $1,100 - $1,600+ A significant portion of Magellan Mortgage Group Inc salary. Location choices impact this heavily.
Utilities (Basic) $110 - $200 Electricity, Heating, Cooling, Water etc.
Public Transportation $45 (Cherriots monthly pass) Essential for most commuters; car ownership is costly.
Groceries (Single Person) $410 - $600 Can be higher with more dining out or specialty stores.
Personal & Leisure $350 - $650+ Dining out, entertainment, shopping. Highly variable.
Healthcare (Individual) $370 - $680+ Varies significantly by plan & employer contribution.
Subtotal (Excluding Taxes) $2,385 - $3,735+ This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay.

FAQs of Magellan Mortgage Group Inc

1. What is the estimated average total compensation at Magellan Mortgage Group Inc?

Salary.com estimates that the average total compensation package at Magellan Mortgage Group Inc, which can include base salary, potential bonuses, and benefits, is around $92,812 annually . Total compensation provides a more holistic view of an employee's earnings.

2. How much does Magellan Mortgage Group Inc pay compared to Willcox Mortgage Group?

The average annual salary at Magellan Mortgage Group Inc is $92,812, or an hourly wage of $45, in comparison to Willcox Mortgage Group which pays $89,711 per year or $43 per hour.

3. What's the typical salary progression for an employee moving from an entry-level to a senior role at Magellan Mortgage Group Inc?

Salary progression from an entry-level to a senior role at Magellan Mortgage Group Inc can be significant, often involving several promotions and substantial pay increases. For example, an entry-level Analyst might see their salary potentially double or more as they progress to a Senior Manager or Director position over several years, assuming strong performance and development.

4. How can I determine if a salary offer from Magellan Mortgage Group Inc in Salem is fair given the local cost of living?

To determine if a salary offer from Magellan Mortgage Group Inc in Salem is fair, first compare the gross salary to our data for similar roles at Magellan Mortgage Group Inc and its competitors (see our similar company salaries section) . Then, critically, use our "Cost of Living Insights for Salem" to understand its purchasing power.

5. Are promotions at Magellan Mortgage Group Inc usually accompanied by a significant salary increase?

Yes, promotions at Magellan Mortgage Group Inc are generally accompanied by a salary increase. The amount of the increase typically reflects the greater responsibilities, skills, and scope of the new role. The percentage increase can vary widely depending on the level of promotion and the company's compensation structure.