How much does a Mortgage Banker make in New Egypt, NJ? The average Mortgage Banker salary in New Egypt, NJ is $135,590 as of April 24, 2024, but the salary range typically falls between $127,033 and $144,407. 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 | $119,242 | New Egypt,NJ | April 24, 2024 |
25th Percentile Mortgage Banker Salary | $127,033 | New Egypt,NJ | April 24, 2024 |
50th Percentile Mortgage Banker Salary | $135,590 | New Egypt,NJ | April 24, 2024 |
75th Percentile Mortgage Banker Salary | $144,407 | New Egypt,NJ | April 24, 2024 |
90th Percentile Mortgage Banker Salary | $152,434 | New Egypt,NJ | April 24, 2024 |
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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Core compensation
Includes base and annual incentives
About New Egypt, New Jersey New Egypt is an unincorporated community and census-designated place (CDP) located within Plumsted Township, in Ocean County, New Jersey, United State....More
New Egypt, New Jersey area prices were up 1.5% from a year ago
Mortgage Banker Salary in popular cities: Newark, Jersey City, Paterson
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