Mortgage Banker Salary in Herndon, Virginia

Mortgage Banker Salary in Herndon, VA

How much does a Mortgage Banker make in Herndon, VA? The average Mortgage Banker salary in Herndon, VA is $138,971 as of April 24, 2024, but the salary range typically falls between $130,200 and $148,007. 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.

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Mortgage Banker Salaries by Percentile
Percentile Salary Location Last Updated
10th Percentile Mortgage Banker Salary $122,215 Herndon,VA April 24, 2024
25th Percentile Mortgage Banker Salary $130,200 Herndon,VA April 24, 2024
50th Percentile Mortgage Banker Salary $138,971 Herndon,VA April 24, 2024
75th Percentile Mortgage Banker Salary $148,007 Herndon,VA April 24, 2024
90th Percentile Mortgage Banker Salary $156,234 Herndon,VA April 24, 2024
25% $130,200 10% $122,215 90% $156,234 75% $148,007 $138,971 50%(Median) Didn’t find job title? Click
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Mortgage Collections (Call Center)

Cenlar FSB - Tempe, AZ

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Mortgage Collection Specialist

Cenlar FSB - O'Fallon, MO

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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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Job Openings for Mortgage Banker in Herndon, VA
  • United Wholesale Mortgage - Pontiac, MI
    United Wholesale Mortgage (UWM) is America’s #1 mortgage lender and we’re looking to fill an immediate need for underwriters. Join a company that invests i...
    - 3 Months Ago
  • Cenlar FSB - Tempe, AZ
    Start something good. Empower your career. Cenlar is the nation’s leading mortgage loan subservicer. Our unique culture is defined by our core values of re...
    - 1 Day Ago
  • Cenlar FSB - O'Fallon, MO
    Start something good. Empower your career. Become an employee-owner at Cenlar. Employee owners have made Cenlar the nation’s leading mortgage loan subservi...
    - 12 Days Ago
  • Cenlar FSB - O'Fallon, MO
    Start something good. Empower your career. Become an employee-owner at Cenlar. Employee owners have made Cenlar the nation’s leading mortgage loan subservi...
    - 25 Days Ago
  • Commerce Bank - Manhattan, KS
    About Working at Commerce. Building a career here is more than just steps on a ladder. It’s about helping people find financial safety and success, helping...
    - 6 Days Ago

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Understand the total compensation opportunity for a Mortgage Banker, base salary plus other pay elements

Average Base Salary

Core compensation

 
 
 
130200
148007
138971

Average Total Cash Compensation

Includes base and annual incentives

 
 
 
133068
157823
144090
These charts show the average base salary (core compensation), as well as the average total cash compensation for the job of Mortgage Banker in Herndon, VA. The base salary for Mortgage Banker ranges from $130,200 to $148,007 with the average base salary of $138,971. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $133,068 to $157,823 with the average total cash compensation of $144,090.

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130200
148007

 

About Herndon, Virginia    Herndon is a town in Fairfax County, Virginia, in the Washington, D.C. metropolitan area of the United States. The population was 23,292 at the 2010 c....More

Herndon, Virginia  area prices were up 1.3% from a year ago

Mortgage Banker Salary in popular cities: Virginia Beach, Norfolk, Chesapeake

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