Mortgage Banker Salary in Waite Park, Minnesota

Mortgage Banker Salary in Waite Park, MN

How much does a Mortgage Banker make in Waite Park, MN? The average Mortgage Banker salary in Waite Park, MN is $123,774 as of May 28, 2024, but the salary range typically falls between $115,965 and $131,818. 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 $108,855 Waite Park,MN May 28, 2024
25th Percentile Mortgage Banker Salary $115,965 Waite Park,MN May 28, 2024
50th Percentile Mortgage Banker Salary $123,774 Waite Park,MN May 28, 2024
75th Percentile Mortgage Banker Salary $131,818 Waite Park,MN May 28, 2024
90th Percentile Mortgage Banker Salary $139,142 Waite Park,MN May 28, 2024
25% $115,965 10% $108,855 90% $139,142 75% $131,818 $123,774 50%(Median) Didn’t find job title? Click
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Mortgage Banker

Minnwest Bank - Saint Cloud, MN

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Mortgage Banker

Border Bank - Coon Rapids, MN

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Mortgage Banker

Border Bank - Minneapolis, MN

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Mortgage Banker

Minnwest Bank - Redwood Falls, MN

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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 Waite Park, MN
  • Minnwest Bank - Saint Cloud, MN
    Position Summary/Purpose:Minnwest Bank is seeking an individual for a Mortgage Banker position in any of the following markets: Sioux Falls or St. Cloud. T...
    - 2 Days Ago
  • Border Bank - Coon Rapids, MN
    We're hiring a Mortgage Banker at the Coon Rapids, MN Border Bank. As a Mortgage Banker you will generate and originate new business, service all residenti...
    - 2 Days Ago
  • Border Bank - Minneapolis, MN
    Job Description. Job Description. We're hiring a Mortgage Banker at the Coon Rapids, MN Border Bank. As a Mortgage Banker you will generate and originate n...
    - 1 Day Ago
  • Minnwest Bank - Redwood Falls, MN
    Job Description. Job Description. Position Summary/Purpose. Minnwest Bank is seeking an individual for a Mortgage Banker position at our Redwood Falls loca...
    - 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

 
 
 
115965
131818
123774

Average Total Cash Compensation

Includes base and annual incentives

 
 
 
118512
140564
128334
These charts show the average base salary (core compensation), as well as the average total cash compensation for the job of Mortgage Banker in Waite Park, MN. The base salary for Mortgage Banker ranges from $115,965 to $131,818 with the average base salary of $123,774. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $118,512 to $140,564 with the average total cash compensation of $128,334.

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115965
131818

 

About Waite Park, Minnesota    Waite Park is a city in Stearns County, Minnesota, United States. The population was 6,715 at the 2010 census and according to 2016 estimates is now 7....More

Waite Park, Minnesota  area prices were up 1.3% from a year ago

Mortgage Banker Salary in popular cities: Minneapolis, Saint Paul, Rochester

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