Mortgage Banker Salary in Springfield, Massachusetts

Mortgage Banker Salary in Springfield, MA

How much does a Mortgage Banker make in Springfield, MA? The average Mortgage Banker salary in Springfield, MA is $130,929 as of May 28, 2024, but the salary range typically falls between $122,669 and $139,438. 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.

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Mortgage Banker Salaries by Percentile
Percentile Salary Location Last Updated
10th Percentile Mortgage Banker Salary $115,148 Springfield,MA May 28, 2024
25th Percentile Mortgage Banker Salary $122,669 Springfield,MA May 28, 2024
50th Percentile Mortgage Banker Salary $130,929 Springfield,MA May 28, 2024
75th Percentile Mortgage Banker Salary $139,438 Springfield,MA May 28, 2024
90th Percentile Mortgage Banker Salary $147,186 Springfield,MA May 28, 2024
25% $122,669 10% $115,148 90% $147,186 75% $139,438 $130,929 50%(Median) Didn’t find job title? Click
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Check out Mortgage Banker jobs in Springfield, Massachusetts

Mortgage Banker

The Federal Savings Bank - Boston, MA

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Entry Level Mortgage Specialist

United Wholesale Mortgage - Pontiac, MI

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Invoice Coordinator

United Wholesale Mortgage - Pontiac, MI

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Document Retrieval Specialist

United Wholesale Mortgage - Pontiac, MI

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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.

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Job Openings for Mortgage Banker in Springfield, MA
  • The Federal Savings Bank - Boston, MA
    Description. Now Hiring Experienced Mortgage Bankers in. Boston, MA. The Federal Savings Bank is a veteran-owned, federally chartered private bank with loa...
    - 24 Days Ago
  • United Wholesale Mortgage - Pontiac, MI
    Wondering what kind of career awaits you at UWM. Our Operations team is a great fit for self-motivated individuals who are comfortable in a fast-paced envi...
    - 7 Months Ago
  • United Wholesale Mortgage - Pontiac, MI
    United Wholesale Mortgage (UWM) is America’s #1 mortgage lender and we’re looking to fill an immediate need for Mortgage Operations Specialists. MUST KNOW....
    - 19 Days Ago
  • United Wholesale Mortgage - Pontiac, MI
    United Wholesale Mortgage (UWM) is America’s #1 mortgage lender and we’re looking to fill an immediate need for Mortgage Operations Specialists. MUST KNOW....
    - 19 Days Ago
  • United Wholesale Mortgage - Pontiac, MI
    UWM is looking for self-starters for our Mortgage Operations teams. You’ll help make sure loan documents are handled quickly, correctly and on time. What Y...
    - 7 Months Ago

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

Average Base Salary

Core compensation

 
 
 
122669
139438
130929

Average Total Cash Compensation

Includes base and annual incentives

 
 
 
125364
148690
135753
These charts show the average base salary (core compensation), as well as the average total cash compensation for the job of Mortgage Banker in Springfield, MA. The base salary for Mortgage Banker ranges from $122,669 to $139,438 with the average base salary of $130,929. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $125,364 to $148,690 with the average total cash compensation of $135,753.

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122669
139438

 

About Springfield, Massachusetts    Springfield is located at 42°6′45″N 72°32′51″W / 42.11250°N 72.54750°W / 42.11250; -72.54750 (42.112411, −72.547455). According to the United State....More

Springfield, Massachusetts  area prices were up 1.6% from a year ago

Mortgage Banker Salary in popular cities: Boston, Worcester, Lowell

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