As of December 01, 2024, the average annual pay of Top Mortgage Executive in Novi, MI is $270,520. While Salary.com is seeing that Top Mortgage Executive salary in Novi, MI can go up to $395,970 or down to $141,568, but most earn between $203,022 and $336,185. Salary.com shows the average base salary (core compensation), as well as the average total cash compensation for the job of Top Mortgage Executive in the United States.
| Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
|
| 75th Percentile | $329,271 | $27,439 | $6,332 | $158 |
| Average | $264,956 | $22,080 | $5,095 | $127 |
| 25th Percentile | $198,846 | $16,570 | $3,824 | $96 |
An entry-level Top Mortgage Executive with under 1 year experience makes about $228,223. With less than 2 years of experience, a mid-level Top Mortgage Executive makes around $234,242. After 2-4 years, the Top Mortgage Executive pay rises to about $242,266. Those senior Top Mortgage Executive with 5-8 years of experience earn roughly $254,302, and those Top Mortgage Executive having 8 years or more experience are expected to earn about $269,347 on average.
| Levels | Salary |
|---|---|
| Entry Level Top Mortgage Executive | $228,223 |
| Intermediate Level Top Mortgage Executive | $234,242 |
| Senior Level Top Mortgage Executive | $242,266 |
| Specialist Level Top Mortgage Executive | $254,302 |
| Expert Level Top Mortgage Executive | $269,347 |
| Entry Level | 14% |
| Mid Level | 12% |
| Senior Level | 9% |
| Top Level | 4% |
| Experienced | 2% |
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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.
Products and Services: Knowledge of the full array of our organization's products and services including those that are created for internal customers; insight into the differentiating factors that distinguish them from those of competitors.
Loan Underwriting: Underwriting is the process by which the lender decides whether an applicant is creditworthy and should receive a loan. is a crucial aspect of the loan process a home loan, business loan, car loan, or personal loan.
Life Insurance: Life Insurance can be defined as a contract between an insurance policy holder and an insurance company, where the insurer promises to pay a sum of money in exchange for a premium, upon the death of an insured person or after a set period
| Skill | Salary | Demand |
|---|---|---|
|
Credit Card
|
$275,930 |
2%
|
|
Communicates Effectively
|
$273,225 |
1%
|
|
Communicates Effectively
|
$273,225 |
1%
|
|
Communicates Effectively
|
$273,225 |
1%
|
|
Communicates Effectively
|
$273,225 |
1%
|
