Mortgage Banker Salary in Jersey City, New Jersey
Mortgage Banker Salary in Jersey City, NJ
How much does a Mortgage Banker make in Jersey City, NJ? The average Mortgage Banker salary in Jersey City, NJ is $146,620 as of May 28, 2024, but the salary range typically falls between $137,370 and $156,150. 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 | $128,948 | Jersey City,NJ | May 28, 2024 |
| 25th Percentile Mortgage Banker Salary | $137,370 | Jersey City,NJ | May 28, 2024 |
| 50th Percentile Mortgage Banker Salary | $146,620 | Jersey City,NJ | May 28, 2024 |
| 75th Percentile Mortgage Banker Salary | $156,150 | Jersey City,NJ | May 28, 2024 |
| 90th Percentile Mortgage Banker Salary | $164,826 | Jersey City,NJ | May 28, 2024 |
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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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First Merchants Corporation - Plainfield, NJFirst Merchants Bank is seeking a Mortgage Banker to join our team. This position will be responsible for handling prospective customer and existing client...- 5 Days Ago
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About Jersey City, New Jersey
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About Jersey City, New Jersey Jersey City is the second most populous city in the U.S. state of New Jersey, after Newark.[29] It is the seat of Hudson County as well as the county'....More
Jersey City, New Jersey area prices were up 1.6% from a year ago
Mortgage Banker Salary in popular cities: Newark, Paterson, Elizabeth
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