How much does a Mortgage Banker make in Bluffton, MN? The average Mortgage Banker salary in Bluffton, MN is $118,794 as of August 27, 2024, but the salary range typically falls between $111,238 and $127,018. 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.
Percentile | Salary | Location | Last Updated |
10th Percentile Mortgage Banker Salary | $104,358 | Bluffton,MN | August 27, 2024 |
25th Percentile Mortgage Banker Salary | $111,238 | Bluffton,MN | August 27, 2024 |
50th Percentile Mortgage Banker Salary | $118,794 | Bluffton,MN | August 27, 2024 |
75th Percentile Mortgage Banker Salary | $127,018 | Bluffton,MN | August 27, 2024 |
90th Percentile Mortgage Banker Salary | $134,505 | Bluffton,MN | August 27, 2024 |
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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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Core compensation
Includes base and annual incentives
About Bluffton, Minnesota Bluffton is a city in Otter Tail County, Minnesota, United States, along the Leaf River. The population was 207 at the 2010 census. According to the ....More
Bluffton, Minnesota area prices were up 0.8% from a year ago
Mortgage Banker Salary in popular cities: Minneapolis, Saint Paul, 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