As of April 01, 2025, the average annual salary for a Mortgage Banker in Sioux Falls, SD is $105,647. Salary.com reports that pay typically ranges from $96,573 to $114,274, with most professionals earning between $88,313 and $122,129.
| Percentile | Salary | Location | Last Updated |
| 10th Percentile Mortgage Banker Salary | $88,313 | Sioux Falls,SD | April 01, 2025 |
| 25th Percentile Mortgage Banker Salary | $96,573 | Sioux Falls,SD | April 01, 2025 |
| 50th Percentile Mortgage Banker Salary | $105,647 | Sioux Falls,SD | April 01, 2025 |
| 75th Percentile Mortgage Banker Salary | $114,274 | Sioux Falls,SD | April 01, 2025 |
| 90th Percentile Mortgage Banker Salary | $122,129 | Sioux Falls,SD | April 01, 2025 |
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.
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Core compensation
Includes base and annual incentives
About Sioux Falls, South Dakota Sioux Falls (/ˌsuː ˈfɔːlz/) (Lakota: Íŋyaŋ Okábleča Otȟúŋwahe; "Stone Shatter City") is the most populous city in the U.S. state of South Dakota and t....More
Sioux Falls, South Dakota area prices were up 0.8% from a year ago
Mortgage Banker Salary in popular cities: Rapid City, Aberdeen, Brookings
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
