Mortgage Banker Salary in Newark, New Jersey

Mortgage Banker Salary in Newark, NJ

How much does a Mortgage Banker make in Newark, NJ?

As of April 01, 2025, the average annual salary for a Mortgage Banker in Newark, NJ is $142,629. Salary.com reports that pay typically ranges from $133,559 to $152,499, with most professionals earning between $125,301 and $161,486.

Develop a Job description
Pay Equity
Salary Grading Scale
Pay Strategy
2024 Compensation Trend
Compensation Consulting
Salary Salary + Bonus Benefits
Based on HR-reported data: a national average with a geographic differential
View as table View as graph
Mortgage Banker Salaries by Percentile
Percentile Salary Location Last Updated
10th Percentile Mortgage Banker Salary $125,301 Newark,NJ April 01, 2025
25th Percentile Mortgage Banker Salary $133,559 Newark,NJ April 01, 2025
50th Percentile Mortgage Banker Salary $142,629 Newark,NJ April 01, 2025
75th Percentile Mortgage Banker Salary $152,499 Newark,NJ April 01, 2025
90th Percentile Mortgage Banker Salary $161,486 Newark,NJ April 01, 2025
25% $133,559 10% $125,301 90% $161,486 75% $152,499 $142,629 50%(Median) Didn’t find job title? Click
Employers: Find Surveys For This Job Employers: Price Your Company Jobs Employees: View your Salary
Change Search Criteria
See it in Action

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.

Search Mortgage Banker Job Openings

Job Openings for Mortgage Banker in Newark, NJ

Not the job you're looking for? Search more salaries here:

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

Average Base Salary

Core compensation

 
 
 
133559
152499
142629

Average Total Cash Compensation

Includes base and annual incentives

 
 
 
136960
166722
149989
These charts show the average base salary (core compensation), as well as the average total cash compensation for the job of Mortgage Banker in Newark, NJ. The base salary for Mortgage Banker ranges from $133,559 to $152,499 with the average base salary of $142,629. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $136,960 to $166,722 with the average total cash compensation of $149,989.

Discover how your pay is adjusted for skills, experience, and other factors

How much should you be paid?

For a real-time salary target, tell us more about your role in the four categories below.

133559
152499

 

About Newark, New Jersey    Newark (/ˈnjuːərk/,[24] locally /njʊərk/)[25] is the most populous city in the U.S. state of New Jersey and the seat of Essex County.[26] As one of th....More

Newark, New Jersey  area prices were up 1.6% from a year ago

Mortgage Banker Salary in popular cities: Jersey City, 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