Mortgage Banker Salary in Madison, Wisconsin

Mortgage Banker Salary in Madison, WI

How much does a Mortgage Banker make in Madison, WI?

As of April 01, 2025, the average annual salary for a Mortgage Banker in Madison, WI is $114,667. Salary.com reports that pay typically ranges from $104,819 to $124,031, with most professionals earning between $95,853 and $132,557.

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Mortgage Banker Salaries by Percentile
Percentile Salary Location Last Updated
10th Percentile Mortgage Banker Salary $95,853 Madison,WI April 01, 2025
25th Percentile Mortgage Banker Salary $104,819 Madison,WI April 01, 2025
50th Percentile Mortgage Banker Salary $114,667 Madison,WI April 01, 2025
75th Percentile Mortgage Banker Salary $124,031 Madison,WI April 01, 2025
90th Percentile Mortgage Banker Salary $132,557 Madison,WI April 01, 2025
25% $104,819 10% $95,853 90% $132,557 75% $124,031 $114,667 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

 
 
 
104819
124031
114667

Average Total Cash Compensation

Includes base and annual incentives

 
 
 
104819
124031
114667
These charts show the average base salary (core compensation), as well as the average total cash compensation for the job of Mortgage Banker in Madison, WI. The base salary for Mortgage Banker ranges from $104,819 to $124,031 with the average base salary of $114,667. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $104,819 to $124,031 with the average total cash compensation of $114,667.

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104819
124031

 

About Madison, Wisconsin    Madison is located in the center of Dane County in south-central Wisconsin, 77 miles (124 km) west of Milwaukee and 122 miles (196 km) northwest of Ch....More

Madison, Wisconsin  area prices were up 1.3% from a year ago

Mortgage Banker Salary in popular cities: Milwaukee, Green Bay, Kenosha

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