Mortgage Banker Salary in Salem, Oregon

Mortgage Banker Salary in Salem, OR

How much does a Mortgage Banker make in Salem, OR?

As of March 01, 2025, the average annual salary for a Mortgage Banker in Salem, OR is $126,135. Salary.com reports that pay typically ranges from $118,108 to $134,864, with most professionals earning between $110,800 and $142,811.

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Mortgage Banker Salaries by Percentile
Percentile Salary Location Last Updated
10th Percentile Mortgage Banker Salary $110,800 Salem,OR March 01, 2025
25th Percentile Mortgage Banker Salary $118,108 Salem,OR March 01, 2025
50th Percentile Mortgage Banker Salary $126,135 Salem,OR March 01, 2025
75th Percentile Mortgage Banker Salary $134,864 Salem,OR March 01, 2025
90th Percentile Mortgage Banker Salary $142,811 Salem,OR March 01, 2025
25% $118,108 10% $110,800 90% $142,811 75% $134,864 $126,135 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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Understand the total compensation opportunity for a Mortgage Banker, base salary plus other pay elements

Average Base Salary

Core compensation

 
 
 
118108
134864
126135

Average Total Cash Compensation

Includes base and annual incentives

 
 
 
121112
147441
132635
These charts show the average base salary (core compensation), as well as the average total cash compensation for the job of Mortgage Banker in Salem, OR. The base salary for Mortgage Banker ranges from $118,108 to $134,864 with the average base salary of $126,135. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $121,112 to $147,441 with the average total cash compensation of $132,635.

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118108
134864

 

About Salem, Oregon    Salem /ˈseɪləm/ is the capital of the U.S. state of Oregon, and the county seat of Marion County. It is located in the center of the Willamette Valley....More

Salem, Oregon  area prices were up 3.9% from a year ago

Mortgage Banker Salary in popular cities: Portland, Eugene, Gresham

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