Mortgage Banker Salary in Memphis, Tennessee

Mortgage Banker Salary in Memphis, TN

How much does a Mortgage Banker make in Memphis, TN?

As of April 01, 2025, the average annual salary for a Mortgage Banker in Memphis, TN is $109,022. Salary.com reports that pay typically ranges from $99,659 to $117,925, with most professionals earning between $91,134 and $126,031.

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Mortgage Banker Salaries by Percentile
Percentile Salary Location Last Updated
10th Percentile Mortgage Banker Salary $91,134 Memphis,TN April 01, 2025
25th Percentile Mortgage Banker Salary $99,659 Memphis,TN April 01, 2025
50th Percentile Mortgage Banker Salary $109,022 Memphis,TN April 01, 2025
75th Percentile Mortgage Banker Salary $117,925 Memphis,TN April 01, 2025
90th Percentile Mortgage Banker Salary $126,031 Memphis,TN April 01, 2025
25% $99,659 10% $91,134 90% $126,031 75% $117,925 $109,022 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

 
 
 
99659
117925
109022

Average Total Cash Compensation

Includes base and annual incentives

 
 
 
99659
117925
109022
These charts show the average base salary (core compensation), as well as the average total cash compensation for the job of Mortgage Banker in Memphis, TN. The base salary for Mortgage Banker ranges from $99,659 to $117,925 with the average base salary of $109,022. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $99,659 to $117,925 with the average total cash compensation of $109,022.

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99659
117925

 

About Memphis, Tennessee    Memphis is a city located along the Mississippi River in southwestern Shelby County, Tennessee, United States. The 2017 city population was 652,236, m....More

Memphis, Tennessee  area prices were up 1.3% from a year ago

Mortgage Banker Salary in popular cities: Nashville, Knoxville, Chattanooga

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