How much does a Mortgage Lending Manager make in Plainfield, NJ? The average Mortgage Lending Manager salary in Plainfield, NJ is $129,458 as of February 26, 2024, but the range typically falls between $104,166 and $162,715. Salary ranges can vary widely depending on many important factors, including education, certifications, additional skills, the number of years you have spent in your profession. With more online, real-time compensation data than any other website, Salary.com helps you determine your exact pay target. 

Mortgage Lending Manager Salaries by Percentile
Percentile Salary Location Last Updated
10th Percentile Mortgage Lending Manager Salary $81,139 Plainfield,NJ February 26, 2024
25th Percentile Mortgage Lending Manager Salary $104,166 Plainfield,NJ February 26, 2024
50th Percentile Mortgage Lending Manager Salary $129,458 Plainfield,NJ February 26, 2024
75th Percentile Mortgage Lending Manager Salary $162,715 Plainfield,NJ February 26, 2024
90th Percentile Mortgage Lending Manager Salary $192,994 Plainfield,NJ February 26, 2024
25% $104,166 10% $81,139 90% $192,994 75% $162,715 $129,458 50%(Median) Didn’t find job title? Click
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What skills does a Mortgage Lending Manager need?

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.

Initiative: Taking decisive action and initiating plans independently to address problems, improve professional life, and achieve goals.

2.

Scrum: Using an agile process for managing the lifecycle development of software products.

3.

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.

Initiative 8.26%
Scrum 2.48%
Underwriting 1.65%
Others 87.61%

Job Description for Mortgage Lending Manager

Mortgage Lending Manager manages a team of mortgage lending specialists in developing customer relationships, promoting mortgage loan products, and attaining volume and profit goals. Ensures that application processing follows state, federal, and organizational policies and guidelines and that customers have accurate loan information and guidance about product options. Being a Mortgage Lending Manager conducts team training on company products and services. Coaches team members to promote a sales culture, improve selling techniques, and meet goals. Additionally, Mortgage Lending Manager monitors trends and developments in the real estate markets and changes to private and government-insured mortgages. Maintains relationships with a network of realtors, attorneys, CPAs, and other contacts to obtain referrals and facilitate the lending process. May require a bachelor's degree. Typically reports to a head of a unit/department. The Mortgage Lending Manager manages subordinate staff in the day-to-day performance of their jobs. True first level manager. Ensures that project/department milestones/goals are met and adhering to approved budgets. Has full authority for personnel actions. To be a Mortgage Lending Manager typically requires 5 years experience in the related area as an individual contributor. 1 - 3 years supervisory experience may be required. Extensive knowledge of the function and department processes. (Copyright 2024 Salary.com)... View full job description

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Job Openings for Mortgage Lending Manager in Plainfield, NJ

Career Path for Mortgage Lending Manager

A career path is a sequence of jobs that leads to your short- and long-term career goals. Some follow a linear career path within one field, while others change fields periodically to achieve career or personal goals.

For Mortgage Lending Manager, the upper level is Mortgage Loan Area Manager and then progresses to Top Mortgage Executive.

Those that have already made the climb...
Pamela J. Shelley-Kessler, Co-President, Chief Financial Officer and Corporate Secretary
LTC is a real estate investment trust (REIT) investing in seniors housing and health care properties primarily through sale-leasebacks, mortgage financing, joint-ventures and structured finance solutions including preferred equity and mezzanine lending. LTC's investment portfolio includes 208 properties in 27 states wi... More
Fiscal Year Ended in 2022
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Mortgage Lending Manager salary varies from city to city. Compared with national average salary of Mortgage Lending Manager, the highest Mortgage Lending Manager salary is in San Francisco, CA, where the Mortgage Lending Manager salary is 25.0% above. The lowest Mortgage Lending Manager salary is in Miami, FL, where the Mortgage Lending Manager salary is 2.9% lower than national average salary.

City, State Compared to national average
City, State San Francisco, CA Compared to national average
+ 25.0%
City, State Washington, DC Compared to national average
+ 11.3%
City, State Miami, FL Compared to national average
-2.9%
City, State Chicago, IL Compared to national average
+ 5.5%
City, State Boston, MA Compared to national average
+ 12.7%
City, State New York, NY Compared to national average
+ 17.5%
City, State Dallas, TX Compared to national average
-0.7%

Take just three simple steps below to generate your own personalized salary report

Step 1 of 3

Understand the total compensation opportunity for a Mortgage Lending Manager, base salary plus other pay elements

Average Base Salary

Core compensation

 
 
 
104166
162715
129458

Average Total Cash Compensation

Includes base and annual incentives

 
 
 
121778
203887
152912
These charts show the average base salary (core compensation), as well as the average total cash compensation for the job of Mortgage Lending Manager in Plainfield, NJ. The base salary for Mortgage Lending Manager ranges from $104,166 to $162,715 with the average base salary of $129,458. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $121,778 to $203,887 with the average total cash compensation of $152,912.
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How much should you be paid?

For a real-time salary target, tell us more about your role in the four categories below.

104166
162715

 

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How much should you be paid?

About Plainfield, New Jersey    Plainfield is a city in Union County, New Jersey, United States, known by its nickname as "The Queen City." As of the 2010 United States Census, the c....More

Plainfield, New Jersey  area prices were up 1.5% from a year ago    View the Cost of Living in Plainfield, New Jersey

Mortgage Lending Manager Salary in popular cities: NewarkJersey CityPaterson

Skills associated with Mortgage Lending Manager: Lending Regulatory Compliance, Mortgage Loans, Due Diligence, New Product Development ...More

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