Mortgage Banker Salary in Hokah, Minnesota

Mortgage Banker Salary in Hokah, MN

How much does a Mortgage Banker make in Hokah, MN? The average Mortgage Banker salary in Hokah, MN is $118,125 as of May 28, 2024, but the salary range typically falls between $110,672 and $125,802. 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 $103,887 Hokah,MN May 28, 2024
25th Percentile Mortgage Banker Salary $110,672 Hokah,MN May 28, 2024
50th Percentile Mortgage Banker Salary $118,125 Hokah,MN May 28, 2024
75th Percentile Mortgage Banker Salary $125,802 Hokah,MN May 28, 2024
90th Percentile Mortgage Banker Salary $132,792 Hokah,MN May 28, 2024
25% $110,672 10% $103,887 90% $132,792 75% $125,802 $118,125 50%(Median) Didn’t find job title? Click
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Check out Mortgage Banker jobs in Hokah, Minnesota

Mortgage Banker

Border Bank - Minneapolis, MN

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Mortgage Banker

Border Bank - Coon Rapids, MN

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Mortgage Banker

Minnwest Bank - Redwood Falls, MN

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Mortgage Banker

Minnwest Bank - Saint Cloud, MN

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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

See user submitted job responsibilities for Mortgage Banker.

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Job Openings for Mortgage Banker in Hokah, MN
  • Border Bank - Minneapolis, MN
    We're hiring a Mortgage Banker at the Coon Rapids, MN Border Bank. As a Mortgage Banker you will generate and originate new business, service all residenti...
    - 4 Days Ago
  • Border Bank - Coon Rapids, MN
    We're hiring a Mortgage Banker at the Coon Rapids, MN Border Bank. As a Mortgage Banker you will generate and originate new business, service all residenti...
    - 4 Days Ago
  • Minnwest Bank - Redwood Falls, MN
    Job Description. Job Description. Position Summary/Purpose. Minnwest Bank is seeking an individual for a Mortgage Banker position at our Redwood Falls loca...
    - 1 Day Ago
  • Minnwest Bank - Saint Cloud, MN
    Job Description. Job Description. Position Summary/Purpose. Minnwest Bank is seeking an individual for a Mortgage Banker position in either of the followin...
    - 2 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

 
 
 
110672
125802
118125

Average Total Cash Compensation

Includes base and annual incentives

 
 
 
113104
134149
122477
These charts show the average base salary (core compensation), as well as the average total cash compensation for the job of Mortgage Banker in Hokah, MN. The base salary for Mortgage Banker ranges from $110,672 to $125,802 with the average base salary of $118,125. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $113,104 to $134,149 with the average total cash compensation of $122,477.

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110672
125802

 

About Hokah, Minnesota    According to the United States Census Bureau, the city has a total area of 0.75 square miles (1.94 km2), of which 0.73 square miles (1.89 km2) is land....More

Hokah, Minnesota  area prices were up 1.3% 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