As of December 01, 2024, the average annual pay of Mortgage Banker in Alamogordo, NM is $111,169. While Salary.com is seeing that Mortgage Banker salary in Alamogordo, NM can go up to $125,867 or down to $97,656, but most earn between $104,096 and $118,863. Salary.com shows the average base salary (core compensation), as well as the average total cash compensation for the job of Mortgage Banker in the United States.
| Percentile | Salary | Location | Last Updated |
| 10th Percentile Mortgage Banker Salary | $97,656 | Alamogordo,NM | December 01, 2024 |
| 25th Percentile Mortgage Banker Salary | $104,096 | Alamogordo,NM | December 01, 2024 |
| 50th Percentile Mortgage Banker Salary | $111,169 | Alamogordo,NM | December 01, 2024 |
| 75th Percentile Mortgage Banker Salary | $118,863 | Alamogordo,NM | December 01, 2024 |
| 90th Percentile Mortgage Banker Salary | $125,867 | Alamogordo,NM | December 01, 2024 |
Mortgage bank is a bank that specializes in originating and/or servicing mortgage loans. In the US a mortgage bank is a state-licensed banking entity that makes mortgage loans directly to consumers. The difference between a mortgage banker and a mortgage broker is that the mortgage banker funds loans with its own capital. Generally, a mortgage bank originates a loan and places it on a pre-established warehouse line of credit until the loan can be sold to an investor, which are typically large institutions. The credit risk is typically absorbed by the Agencies, which include Fannie Mae, or ...
Source: Wikipedia (as of 04/25/2019). Read more from Wikipedia
See user submitted job responsibilities for Mortgage Banker.
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Core compensation
Includes base and annual incentives
About Alamogordo, New Mexico As of 2010, Alamogordo had a total area of 19.3 square miles (50.0 km2), all of it land. The city is located at an elevation of 4,336 feet (1,322 m) o....More
Alamogordo, New Mexico area prices were up 2.5% from a year ago
Mortgage Banker Salary in popular cities: Albuquerque, Las Cruces, Rio Rancho
Learn more about: Compensation Packages, Employee Flight Risk, Gender Pay Gap, Job Openings for This Role
Jobs with a similar salary range to Mortgage Banker : Closing Team Lead, Mortgage Production Manager, Mortgage Account Manager
