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Mortgage Lending Branch Manager Salary in Salem, Massachusetts

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Mortgage Lending Branch Manager Salary in Salem, MA

How much does a Mortgage Lending Branch Manager make?

As of December 01, 2024, the average annual pay of Mortgage Lending Branch Manager in Salem, MA is $121,624. While Salary.com is seeing that Mortgage Lending Branch Manager salary in Salem, MA can go up to $150,284 or down to $79,191, but most earn between $99,413 and $136,626. Salary.com shows the average base salary (core compensation), as well as the average total cash compensation for the job of Mortgage Lending Branch Manager in the United States.

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Mortgage Lending Branch Manager Salaries by Percentile
Annual
Salary		 Monthly
Pay		 Weekly
Pay		 Hourly
Wage
75th Percentile $122,096 $10,175 $2,348 $59
Average $108,690 $9,057 $2,090 $52
25th Percentile $88,841 $7,403 $1,708 $43
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Average Salary

25% $99,413 10% $79,191 90% $150,284 75% $136,626 $121,624 50%(Median) Didn’t find job title? Click
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View Mortgage Lending Branch Manager Salary by Hour, Week, Month, Year

Salary.com provides you with accurate and diversified Mortgage Lending Branch Manager salary data based on specialized databases to help you get a fairer salary. Click the switch button below to see more details about Mortgage Lending Branch Manager hourly pay, weekly pay, monthly pay and so on.

Last Updated on December 01, 2024
$88,841
Average
$108,690/year
$122,096
$7,403
Average
$9,057/month
$10,175
$1,708
Average
$2,090/week
$2,348
$43
Average
$52/hour
$59
Annual Salary Monthly Pay Weekly Pay Hourly Wage
75th Percentile $122,096 $10,175 $2,348 $59
Average $108,690 $9,057 $2,090 $52
25th Percentile $88,841 $7,403 $1,708 $43
Last Updated on December 01, 2024

View Mortgage Lending Branch Manager Salary by Experience Levels

An entry-level Mortgage Lending Branch Manager with under 1 year experience makes about $112,778. With less than 2 years of experience, a mid-level Mortgage Lending Branch Manager makes around $113,768. After 2-4 years, the Mortgage Lending Branch Manager pay rises to about $116,077. Those senior Mortgage Lending Branch Manager with 5-8 years of experience earn roughly $118,716, and those Mortgage Lending Branch Manager having 8 years or more experience are expected to earn about $122,585 on average.

Levels Salary
Entry Level Mortgage Lending Branch Manager $112,778
Intermediate Level Mortgage Lending Branch Manager $113,768
Senior Level Mortgage Lending Branch Manager $116,077
Specialist Level Mortgage Lending Branch Manager $118,716
Expert Level Mortgage Lending Branch Manager $122,585
$112,778 0 yr
$113,768 < 2 yrs
$116,077 2-4 yrs
$118,716 5-8 yrs
$122,585 > 8 yrs
Last Updated on December 01, 2024
Entry Level 4%
Mid Level 5%
Senior Level 7%
Top Level 9%
Experienced 13%
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Last Updated on December 01, 2024

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Job Openings of Mortgage Lending Branch Manager

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Cost of Living In Salem, MA

Cost of Living in Salem , MA is
53.0% Higher
than the National Average
Use Salary.com's Cost of Living Calculator to find out what income you need to maintain your standard of living in a different city and how much more or less money you need to budget for basic expenses.
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Best-Paid Skills and Qualifications for Mortgage Lending Branch Manager

What skills does a Mortgage Lending Branch 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.

Leadership: Knowledge of and ability to employ effective strategies that motivate and guide other members within our business to achieve optimum results.

2.

Customer Relationship: Customer relations is the company-wide process of nurturing positive relationships with your customers . It helps you connect with your customers on a much more personal level and create a sense of mutual understanding with them.

3.

Product Knowledge: Product knowledge is the ability to communicate information and answer questions about a product or service. It is considered an important knowledge area for any role that puts you in front of customers, investors or the media.

See More Skills
Leadership 11.59%
Customer Relationship 1.48%
Product Knowledge 1.08%
Others 85.85%
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What skills can make your compensation higher?
Mastering certain skills can make the compensation of a Mortgage Lending Branch Manager higher. Salary.com's Real-time Job Posting Salary Data provides you the latest highly compensated skills to help you get a higher pay. For example, if you master Business Development, you can get a 46% salary raise. If you are good at Analysis, your salary will increase by 37%. If you are expert in Risk Management, your salary will rise by 30%.
Skill Salary Demand
Business Development
 $177,570
46%
Analysis
 $166,624
37%
Risk Management
 $158,111
30%
Retail Banking
 $152,030
25%
Planning
 $145,948
20%
Communicates Effectively
 $144,732
19%
Get Latest Data
Last Updated on December 01, 2024

About Our Data

Salary.com salary estimates, histograms, trends, and comparisons are derived from both employer job postings and third-party data sources. We also provide multiple percentiles of salary information for your reference, click here to know Why the Salary Midpoint Formula Is Crucial to Getting Pay Equity Right. With more online, real-time compensation data than any other website, Salary.com helps you determine your exact pay target.

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The average salary for a Mortgage Lending Branch Manager is $121,624 per year in Salem, MA, updated at December 01, 2024.
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