Mortgage Banker Salary in Virginia Beach, Virginia

Mortgage Banker Salary in Virginia Beach, VA

How much does a Mortgage Banker make in Virginia Beach, VA? The average Mortgage Banker salary in Virginia Beach, VA is $120,008 as of May 28, 2024, but the salary range typically falls between $112,436 and $127,807. 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 $105,543 Virginia Beach,VA May 28, 2024
25th Percentile Mortgage Banker Salary $112,436 Virginia Beach,VA May 28, 2024
50th Percentile Mortgage Banker Salary $120,008 Virginia Beach,VA May 28, 2024
75th Percentile Mortgage Banker Salary $127,807 Virginia Beach,VA May 28, 2024
90th Percentile Mortgage Banker Salary $134,909 Virginia Beach,VA May 28, 2024
25% $112,436 10% $105,543 90% $134,909 75% $127,807 $120,008 50%(Median) Didn’t find job title? Click
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Check out Mortgage Banker jobs in Virginia Beach, Virginia

Community Mortgage Banker Sales Consultant

Wells Fargo & Company - Annandale, VA

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Entry Level Mortgage Specialist

United Wholesale Mortgage - Pontiac, MI

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Verbal Verification of Employment Specialist

United Wholesale Mortgage - Pontiac, MI

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Entry Level Loan Processing 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 Virginia Beach, VA
  • Wells Fargo & Company - Annandale, VA
    Support 1-3 assigned retail bank branches on the origination of mortgage loans. Sit within assigned bank branches to collaborate with branch leadership, pa...
    - 4 Days 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

 
 
 
112436
127807
120008

Average Total Cash Compensation

Includes base and annual incentives

 
 
 
114907
136288
124429
These charts show the average base salary (core compensation), as well as the average total cash compensation for the job of Mortgage Banker in Virginia Beach, VA. The base salary for Mortgage Banker ranges from $112,436 to $127,807 with the average base salary of $120,008. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $114,907 to $136,288 with the average total cash compensation of $124,429.

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112436
127807

 

About Virginia Beach, Virginia    Virginia Beach is located at 36°51′02″N 75°58′40″W / 36.8506°N 75.9779°W / 36.8506; -75.9779 (Virginia Beach). According to the United States Cens....More

Virginia Beach, Virginia  area prices were up 1.2% from a year ago

Mortgage Banker Salary in popular cities: Norfolk, Chesapeake, Richmond

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