Mortgage Banker Salary in Worcester, Massachusetts

Mortgage Banker Salary in Worcester, MA

How much does a Mortgage Banker make in Worcester, MA? The average Mortgage Banker salary in Worcester, MA is $132,435 as of May 28, 2024, but the salary range typically falls between $124,080 and $141,043. 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 $116,473 Worcester,MA May 28, 2024
25th Percentile Mortgage Banker Salary $124,080 Worcester,MA May 28, 2024
50th Percentile Mortgage Banker Salary $132,435 Worcester,MA May 28, 2024
75th Percentile Mortgage Banker Salary $141,043 Worcester,MA May 28, 2024
90th Percentile Mortgage Banker Salary $148,879 Worcester,MA May 28, 2024
25% $124,080 10% $116,473 90% $148,879 75% $141,043 $132,435 50%(Median) Didn’t find job title? Click
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Mortgage Banker

Citizens - East Falmouth, MA

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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 Worcester, MA
  • Citizens - East Falmouth, MA
    Starting Salary: $20 / hour and up Citizens Bankers are the face of the branch. They devote their time getting to know their customers and building lasting...
    - 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

 
 
 
124080
141043
132435

Average Total Cash Compensation

Includes base and annual incentives

 
 
 
126806
150401
137315
These charts show the average base salary (core compensation), as well as the average total cash compensation for the job of Mortgage Banker in Worcester, MA. The base salary for Mortgage Banker ranges from $124,080 to $141,043 with the average base salary of $132,435. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $126,806 to $150,401 with the average total cash compensation of $137,315.

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124080
141043

 

About Worcester, Massachusetts    Worcester has a total area of 38.6 square miles (100 km2), 37.6 square miles (97 km2) of land and 1.0 square mile (2.6 km2) (roughly 2.59%) of water. ....More

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

Mortgage Banker Salary in popular cities: Boston, Springfield, 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