How much does a Mortgage Loan Area Manager make in Bloomfield, NJ? The average Mortgage Loan Area Manager salary in Bloomfield, NJ is $160,499 as of March 26, 2024, but the range typically falls between $125,715 and $198,601. 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 Loan Area Manager Salaries by Percentile
Percentile Salary Location Last Updated
10th Percentile Mortgage Loan Area Manager Salary $94,045 Bloomfield,NJ March 26, 2024
25th Percentile Mortgage Loan Area Manager Salary $125,715 Bloomfield,NJ March 26, 2024
50th Percentile Mortgage Loan Area Manager Salary $160,499 Bloomfield,NJ March 26, 2024
75th Percentile Mortgage Loan Area Manager Salary $198,601 Bloomfield,NJ March 26, 2024
90th Percentile Mortgage Loan Area Manager Salary $233,291 Bloomfield,NJ March 26, 2024
25% $125,715 10% $94,045 90% $233,291 75% $198,601 $160,499 50%(Median) Didn’t find job title? Click
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Job Description for Mortgage Loan Area Manager

Mortgage Loan Area Manager directs mortgage loan activity and oversees multiple teams for a defined area. Analyzes mortgage data and trends to develop a lending strategy and establish targets for loan production. Being a Mortgage Loan Area Manager develops a productive staff with training and coaching. Monitors compliance with federal and state lending regulations. Additionally, Mortgage Loan Area Manager requires a bachelor's degree. Typically reports to a director. The Mortgage Loan Area Manager typically manages through subordinate managers and professionals in larger groups of moderate complexity. Provides input to strategic decisions that affect the functional area of responsibility. May give input into developing the budget. To be a Mortgage Loan Area Manager typically requires 3+ years of managerial experience. Capable of resolving escalated issues arising from operations and requiring coordination with other departments. (Copyright 2024 Salary.com)... View full job description

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Job Openings for Mortgage Loan Area Manager in Bloomfield, NJ

Career Path for Mortgage Loan Area 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 Loan Area Manager, the first career path typically 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 Loan Area Manager salary varies from city to city. Compared with national average salary of Mortgage Loan Area Manager, the highest Mortgage Loan Area Manager salary is in San Francisco, CA, where the Mortgage Loan Area Manager salary is 25.0% above. The lowest Mortgage Loan Area Manager salary is in Miami, FL, where the Mortgage Loan Area Manager salary is 3.5% 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
-3.5%
City, State Chicago, IL Compared to national average
+ 4.9%
City, State Boston, MA Compared to national average
+ 12.1%
City, State New York, NY Compared to national average
+ 16.8%
City, State Dallas, TX Compared to national average
-1.3%

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

Average Base Salary

Core compensation

 
 
 
125715
198601
160499

Average Total Cash Compensation

Includes base and annual incentives

 
 
 
154699
308795
205584
These charts show the average base salary (core compensation), as well as the average total cash compensation for the job of Mortgage Loan Area Manager in Bloomfield, NJ. The base salary for Mortgage Loan Area Manager ranges from $125,715 to $198,601 with the average base salary of $160,499. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $154,699 to $308,795 with the average total cash compensation of $205,584.
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125715
198601

 

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About Bloomfield, New Jersey    Bloomfield is a township in Essex County, New Jersey, United States. As of the 2010 United States Census, the township's population was 47,315, reflec....More

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

Mortgage Loan Area Manager Salary in popular cities: NewarkJersey CityPaterson

Skills associated with Mortgage Loan Area Manager: Loan Software, Operations Management, Risk Analysis, Strategy Development ...More

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