Mortgage Banker Salary in Wallace, Michigan

Mortgage Banker Salary in Wallace, MI

How much does a Mortgage Banker make in Wallace, MI? The average Mortgage Banker salary in Wallace, MI is $118,438 as of April 24, 2024, but the salary range typically falls between $110,963 and $126,139. 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.

Develop a Job description
Pay Equity
Salary Grading Scale
Pay Strategy
Salary Salary + Bonus Benefits
Based on HR-reported data: a national average with a geographic differential
View as table View as graph
Mortgage Banker Salaries by Percentile
Percentile Salary Location Last Updated
10th Percentile Mortgage Banker Salary $104,158 Wallace,MI April 24, 2024
25th Percentile Mortgage Banker Salary $110,963 Wallace,MI April 24, 2024
50th Percentile Mortgage Banker Salary $118,438 Wallace,MI April 24, 2024
75th Percentile Mortgage Banker Salary $126,139 Wallace,MI April 24, 2024
90th Percentile Mortgage Banker Salary $133,151 Wallace,MI April 24, 2024
25% $110,963 10% $104,158 90% $133,151 75% $126,139 $118,438 50%(Median) Didn’t find job title? Click
Employers: Find Surveys For This Job Employers: Price Your Company Jobs Employees: View your Salary
Change Search Criteria
Check out Mortgage Banker jobs in Wallace, Michigan

Mortgage Banker

Union Bank - Portage, MI

Apply Now

Mortgage Banker

First Merchants Bank - Monroe, MI

Apply Now

Mortgage Banker

First Merchants Bank - Farmington, MI

Apply Now

Mortgage Banker Trainee

Mortgagepros Llc - Troy, MI

Apply Now
Search More Mortgage Banker Jobs in Wallace, Michigan
For Employers
Adjust Employee Salary

Individualize employee pay based on unique job requirements and personal qualifications.
Price My Industry Jobs

Get the latest market price for benchmark jobs and jobs in your industry.
For Employees
Get a Salary Increase

Analyze the market and your qualifications to negotiate your salary with confidence.
Search Job Openings

Search thousands of open positions to find your next opportunity.
See it in Action

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.

Search Mortgage Banker Job Openings

Job Openings for Mortgage Banker in Wallace, MI
  • Union Bank - Portage, MI
    Job Type. Full-time. Description. Position Summary. Mortgage Banker originates a portfolio of Government, Conventional and other mortgages. Works with cust...
    - 4 Days Ago
  • First Merchants Bank - Monroe, MI
    Job Description. Job Description. First Merchants Bank is seeking a Mortgage Banker to join our team. This position will be responsible for handling prospe...
    - 1 Day Ago
  • First Merchants Bank - Farmington, MI
    Job Description. Job Description. First Merchants Bank is seeking a Mortgage Banker to join our team. This position will be responsible for handling prospe...
    - 1 Day Ago
  • Mortgagepros Llc - Troy, MI
    Job Description. Job Description. MortgagePros is looking for Mortgage Banker Trainee to join our expanding team. Our Mortgage Banker Trainee team is our n...
    - 1 Day 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...
    - 6 Months Ago

Not the job you're looking for? Search more salaries here:

Are you an HR manager or compensation specialist?

Salary.com's CompAnalyst platform offers:

  • Detailed skills and competency reports for specific positions
  • Job and employee pricing reports
  • Compensation data tools, salary structures, surveys and benchmarks.
Learn about CompAnalyst

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

Average Base Salary

Core compensation

 
 
 
110963
126139
118438

Average Total Cash Compensation

Includes base and annual incentives

 
 
 
113407
134505
122801
These charts show the average base salary (core compensation), as well as the average total cash compensation for the job of Mortgage Banker in Wallace, MI. The base salary for Mortgage Banker ranges from $110,963 to $126,139 with the average base salary of $118,438. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $113,407 to $134,505 with the average total cash compensation of $122,801.

Discover how your pay is adjusted for skills, experience, and other factors

How much should you be paid?

For a real-time salary target, tell us more about your role in the four categories below.

110963
126139

 

About Wallace, Michigan    Wallace is the name of two unincorporated communities in the State of Michigan: Wallace, Menominee County, Michigan Wallace, Alcona County, Michigan....More

Wallace, Michigan  area prices were up 1.3% from a year ago

Mortgage Banker Salary in popular cities: Detroit, Grand Rapids, Warren

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