Mortgage Associate Salary in Passaic, New Jersey

How much does a Mortgage Associate make in Passaic, NJ?

As of March 01, 2025, the average annual salary for a Mortgage Associate in Passaic, NJ is $60,117. According to Salary.com, salaries can range from a low of $45,889 to a high of $77,079, with most professionals earning between $52,669 and $68,995.

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Salary range for a Mortgage Associate

$52,669 to $68,995

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Mortgage Associate

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Job Openings for Mortgage Associate in Passaic, NJ

What does a Mortgage Associate do?

Common responsibilities of a Mortgage Associate

Assumes responsibility for establishing and maintaining effective business relations with members, appraisers, investors, and mortgage industry professionals.

August 08, 2022

Demonstrate a commitment to professional ethics, as well as conform to all federal and state compliance policies and adhering to Home Mortgage Disclosure Act (HMDA) requirements.

January 05, 2023

Completes due diligence analysis including review of leases, rent rolls, third party reports, estoppels, and other business-related matters.

January 29, 2023

Reviews appraisals, titles, and purchase and sales contracts as received, submits them to underwriting as necessary, makes all required calls, system updates and orders any addendums required for the review.

February 05, 2023

Assist Mortgage Advisors in submitting clear, complete and timely applications to the Mortgage Operations team for initial disclosures and processing.

February 11, 2023

Develop Excel financial models in support of transaction execution, rating agency interactions and investor dialogue.

March 17, 2023

Prepares draft investment committee write ups working collaboratively with commercial mortgage team, mortgage banking representatives, analysts and other relevant resources, such as appraisers or other sources of commercial real estate data.

April 03, 2023

Performs periodic [no less than annual] audit with all third-party providers of flood insurance and compare against bank's portfolio of loans.

April 07, 2023

Monitors new loan and closed loan reports for proper reporting to the private mortgage insurance companies.

April 21, 2023

Provide end-to-end comprehensive lending guidance and solutions to prospective borrowers by uncovering their life priorities, analyzing financial and credit data, and determining client financing objectives.

May 05, 2023

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Mortgage Associate Salary By Experience Levels in Passaic, NJ

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RELEVANT JOB EXPERIENCE

Length of experience is a pay differentiator. Those with greater experience may have an advantage in negotiating salary. For those with less experience, other factors such as education or special skills could impact your pay. Please visit Professional Salary Report for more details.

Mortgage Associate Salary By Level of Education in Passaic, NJ

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LEVEL OF EDUCATION

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Average Salary Range for Mortgage Associate in Passaic, NJ

Average Base Salary

Core compensation

52669

68995

60117

Average Total Cash Compensation

Includes base and annual incentives

54503

76976

62754

What is the average salary for Mortgage Associate in 2025?

These charts show the average base salary (core compensation), as well as the average total cash compensation for the job of Mortgage Associate in Passaic, NJ. The base salary for Mortgage Associate ranges from $52,669 to $68,995 with the average base salary of $60,117. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $54,503 to $76,976 with the average total cash compensation of $62,754.

View Average Salary for Mortgage Associate as table

	Average Salary	Average Salary Range
Base Salary	$60,117	$52,669 - $68,995
Bonus	$2,638	$1,834 - $7,981
Total Pay	$62,754	$54,503 - $76,976

* Base Salary represents gross income before taxes and deductions. It does not include additional pay such as benefits, bonuses, profit sharing or commissions.

* Total Pay combines base salary, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job.

Mortgage Associate Salary Near Passaic, NJ

CITY, STATE	AVERAGE SALARY RANGE	COMPARE TO Passaic, NJ
CITY, STATE Clifton, NJ	AVERAGE SALARY RANGE $52,761 - $69,115	COMPARE TO Passaic, NJ
CITY, STATE Bloomfield, NJ	AVERAGE SALARY RANGE $52,761 - $69,115	COMPARE TO Passaic, NJ
CITY, STATE Hackensack, NJ	AVERAGE SALARY RANGE $52,715 - $69,055	COMPARE TO Passaic, NJ
CITY, STATE Paramus, NJ	AVERAGE SALARY RANGE $52,807 - $69,175	COMPARE TO Passaic, NJ
CITY, STATE Bergenfield, NJ	AVERAGE SALARY RANGE $52,715 - $69,055	COMPARE TO Passaic, NJ
CITY, STATE East Orange, NJ	AVERAGE SALARY RANGE $51,800 - $67,856	COMPARE TO Passaic, NJ

See salaries for Mortgage Associate in locations close to Passaic, NJ. Pay for the same job may vary based on the location and on the location and on other factors such as the size of company, the industry, and other local conditions.

About Passaic, New Jersey

According to the United States Census Bureau, the city had a total area of 3.244 square miles (8.401 km2), including 3.146 square miles (8.149 km2) of land and 0.098 square miles (0.253 km2) of water (3.01%). Unincorporated communities, localities and place names located partially or completely within the city include Davis Bridge and Pleasant Plains. Passaic's only land border is with neighboring Clifton, which borders Passaic to the north, south, and west. The Passaic River forms the eastern border of Passaic. Four additional neighboring towns in Bergen County immediately across the river fr...

Source: Wikipedia (as of 04/11/2019). Read more from Wikipedia

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