President Salary at Rainbow Mortgage Inc BETA

How much does a Rainbow Mortgage Inc President make?

As of March 2025, the average annual salary for a President at Rainbow Mortgage Inc is $727,263, which translates to approximately $350 per hour. Salaries for President at Rainbow Mortgage Inc typically range from $555,015 to $918,545, 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.

Rainbow Mortgage Inc Overview

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

Prior to starting Rainbow Mortgage Inc., David worked for a Fortune 500 company as a Sales Manager/Senior Underwriter in a division that closed over 1000 loans per month. Following this, he worked as an outside sales account executive for a national lender which opened his eyes to the world of wholesale lending. Just before starting Rainbow Mortgage Inc., David worked as an Alternative Loan Specialist with Wells Fargo. It was there that he learned how to analyze and structure loans for people with challenging loan scenarios. In 2001, Gale joined the business and began applying the skills she learned in her nursing career to the mortgage broker business. Skills of organization, time management, and critical thinking allowed her to analyze the operation and implement processes and procedures for a smooth and compliant home mortgage transaction. In 2004, the mortgage brokers were introduced to the concept of "Collaborative Divorce". Gale and David found that people going through divorce often had complex financial scenarios requiring a loan professional good at analyzing situations and coming up with creative solutions. The Rainbow Mortgage Inc. team's experience in working with people with credit and financial challenges made them a good fit for this task. Rainbow Mortgage Inc. began helping people going through divorce to determine their options for home financing following the divorce. It has always been the company's goal to get both parties into a home and onto a fresh start. In addition to securing challenging loans and navigating the murky waters of divorce and mortgage, David and Gale are passionate about helping veteran and active duty military members obtain mortgage loans. A veteran himself, David understands the VA Loan process and is here to help our Soldiers, Seamen and Airmen into the homes of their dreams. "We love working with first time homebuyers, move up and move down buyers, veterans, investors, and those wondering about divorce and mortgages. We have found that our experience in working ...

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What Skills Does a person Need at Rainbow Mortgage Inc?

At Rainbow Mortgage 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. Leadership: Knowledge of and ability to employ effective strategies that motivate and guide other members within our business to achieve optimum results.
  2. Planning: An act or process of making or carrying out plans. Establishment of goals, policies, and procedures for a social or economic unit city planning business planning.
  3. Initiative: Taking decisive action and initiating plans independently to address problems, improve professional life, and achieve goals.
  4. Analysis: Analysis is the process of considering something carefully or using statistical methods in order to understand it or explain it.
  5. Futures: Futures are derivative financial contracts obligating the buyer to purchase an asset or the seller to sell an asset at a predetermined future date and set price.

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Check more jobs information at Rainbow Mortgage Inc

Job Title Average Rainbow Mortgage Inc Salary Hourly Rate
2 Loan Processor $39,756 $19
3 Loan Officer $56,219 $27
4 Mortgage Consultant $116,884 $56

Hourly Pay at Rainbow Mortgage Inc

The average hourly pay at Rainbow Mortgage Inc for a President is $350 per hour. The location, department, and job description all have an impact on the typical compensation for Rainbow Mortgage Inc positions. The pay range and total remuneration for the job title are shown in the table below. Rainbow Mortgage Inc may pay a varying wage for a given position based on experience, talents, and education.
How accurate does $727,263 look to you?

FAQ about Salary and Jobs at Rainbow Mortgage Inc

1. How much does Rainbow Mortgage Inc pay per hour?
The average hourly pay is $350. 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 Rainbow Mortgage Inc?
According to the data, the highest approximate salary is about $918,545 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 Rainbow Mortgage Inc?
According to the data, the lowest estimated salary is about $555,015 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.