Mortgage Banker Salary in Albany, New York

Mortgage Banker Salary in Albany, NY

How much does a Mortgage Banker make in Albany, NY?

As of April 01, 2025, the average annual salary for a Mortgage Banker in Albany, NY is $118,112. Salary.com reports that pay typically ranges from $107,968 to $127,757, with most professionals earning between $98,733 and $136,539.

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Mortgage Banker Salaries by Percentile
Percentile Salary Location Last Updated
10th Percentile Mortgage Banker Salary $98,733 Albany,NY April 01, 2025
25th Percentile Mortgage Banker Salary $107,968 Albany,NY April 01, 2025
50th Percentile Mortgage Banker Salary $118,112 Albany,NY April 01, 2025
75th Percentile Mortgage Banker Salary $127,757 Albany,NY April 01, 2025
90th Percentile Mortgage Banker Salary $136,539 Albany,NY April 01, 2025
25% $107,968 10% $98,733 90% $136,539 75% $127,757 $118,112 50%(Median) Didn’t find job title? Click
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What is a Mortgage Banker ?

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

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Average Base Salary

Core compensation

 
 
 
107968
127757
118112

Average Total Cash Compensation

Includes base and annual incentives

 
 
 
107968
127757
118112
These charts show the average base salary (core compensation), as well as the average total cash compensation for the job of Mortgage Banker in Albany, NY. The base salary for Mortgage Banker ranges from $107,968 to $127,757 with the average base salary of $118,112. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $107,968 to $127,757 with the average total cash compensation of $118,112.

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107968
127757

 

About Albany, New York    Albany (/ˈɔːlbəni/ (listen) ALL-bə-nee) is the capital of the U.S. state of New York and the seat of Albany County. Albany is located on the west bank....More

Albany, New York  area prices were up 1.5% from a year ago

Mortgage Banker Salary in popular cities: New York, Buffalo, Rochester

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