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.

Based on HR-reported data: a national average with a geographic differential
Mortgage Banker Salaries by Percentile
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
25% $127,033 10% $119,242 90% $152,434 75% $144,407 $135,590 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

See user submitted job responsibilities for Mortgage Banker.

Job Openings for Mortgage Banker in New Egypt, NJ

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Understand the total compensation opportunity for a Mortgage Banker, base salary plus other pay elements

Average Base Salary

Core compensation

 
 
 
127033
144407
135590

Average Total Cash Compensation

Includes base and annual incentives

 
 
 
129831
153984
140585
These charts show the average base salary (core compensation), as well as the average total cash compensation for the job of Mortgage Banker in New Egypt, NJ. The base salary for Mortgage Banker ranges from $127,033 to $144,407 with the average base salary of $135,590. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $129,831 to $153,984 with the average total cash compensation of $140,585.

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127033
144407

 

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: NewarkJersey CityPaterson

Jobs with a similar salary range to Mortgage Banker : Closing Team Lead, Mortgage Production Manager, Mortgage Account Manager