Mortgage Banking Salary in Newark, NJ

Didn't find your job?
Click

How much does a Mortgage Banking make in Newark, NJ?

As of April 01, 2025, the average annual salary for a Mortgage Banking in Newark, NJ is $41,831. Salary.com reports that pay typically ranges from $38,174 to $47,192, with most professionals earning between $34,844 and $52,074.

Search Mortgage Banking Jobs in Newark, NJ

Develop a Job description
Pay Equity
2024 Compensation Trend
Benefits Consulting
Salary range for an Mortgage Banking
$38,174 to $47,192
Employers: Find Surveys For This Job
Employers: Price Your Company Jobs
download asset banner
Facing Salary Structure Challenges? Let Our Expert Guide You
The job market is increasingly challenging. Our whitepaper, Navigating the Challenges of Creating Salary Structures, offers guidance on creating salary structures. Provide your phone number and work email to download the full version.
We will handle your contact details in line with our Privacy Policy. If you prefer not to receive marketing emails from Salary.com, you can opt-out out of marketing communications at any time by clicking unsubscribe.

What is a Mortgage Banking?

A mortgage banker is responsible for assisting clients in obtaining mortgage loans to purchase or refinance their homes. They work with clients to assess their financial situation, provide information on available loan products, and guide them through the application process. Mortgage bankers also work with underwriters to ensure that loan applications meet the necessary criteria for approval. Additionally, they may be responsible for maintaining relationships with real estate agents, builders, and other industry professionals to generate new business. Overall, mortgage bankers play a crucial role in helping individuals and families achieve their homeownership goals.

See user submitted job responsibilities for Mortgage Banking.

Search Mortgage Banking Job Openings

Job Openings for Mortgage Banking in Newark, NJ
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

Mortgage Banking Salary By Experience Levels in Newark, NJ

How much should you be earning in Mortgage Banking in Newark, NJ based on your current experience?
Tell us how much experience you have and see an estimate of earnings and view how different experience leavels impact potential pay for Mortgage Banking in Newark, NJ

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 Banking Salary By Level of Education in Newark, NJ

Do you know how much should you be paid for a Mortgage Banking position in Newark, NJ based on your education level?
Tell us about your education and see an estimate of earnings for Mortgage Banking in Newark, NJ and well to know the impact of education on future careers.

LEVEL OF EDUCATION

Depending on the job, educational levels may have a significant impact on pay levels. Be informed and understand how things like education and certifications can help to increase potential earnings for the career you are interested in. Please visit Professional Salary Report for more details.

Average Salary Range for Mortgage Banking in Newark, NJ

Average Base Salary

Core compensation

 
 
 
38174
47192
41831

Average Total Cash Compensation

Includes base and annual incentives

 
 
 
38634
48060
42400
What is the average salary for Mortgage Banking in 2025?
These charts show the average base salary (core compensation), as well as the average total cash compensation for the job of Mortgage Banking in Newark, NJ. The base salary for Mortgage Banking ranges from $38,174 to $47,192 with the average base salary of $41,831. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $38,634 to $48,060 with the average total cash compensation of $42,400.

View Average Salary for Mortgage Banking as table

Average Salary Average Salary Range
Base Salary $41,831 $38,174 - $47,192
Bonus $569 $460 - $867
Total Pay $42,400 $38,634 - $48,060
* 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 Banking Salary Near Newark, NJ

CITY, STATE AVERAGE SALARY RANGE COMPARE TO Newark, NJ
CITY, STATE East Orange, NJ AVERAGE SALARY RANGE $38,174 - $47,192 COMPARE TO Newark, NJ 0%
CITY, STATE West Orange, NJ AVERAGE SALARY RANGE $38,174 - $47,192 COMPARE TO Newark, NJ 0%
CITY, STATE Bloomfield, NJ AVERAGE SALARY RANGE $38,511 - $47,609 COMPARE TO Newark, NJ
CITY, STATE Irvington, NJ AVERAGE SALARY RANGE $38,174 - $47,192 COMPARE TO Newark, NJ 0%
CITY, STATE Union, NJ AVERAGE SALARY RANGE $38,174 - $47,192 COMPARE TO Newark, NJ 0%
CITY, STATE Elizabeth, NJ AVERAGE SALARY RANGE $38,174 - $47,192 COMPARE TO Newark, NJ 0%
See salaries for Mortgage Banking in locations close to Newark, 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.

View Salary for Similar Jobs to Mortgage Banking in Newark, NJ

See Additional Similar Jobs
Loading results...
JOB TITLE LOCATION MINIMUM SALARY MAXIMUM SALARY
JOB TITLE Mortgage Banking Officer LOCATION Newark, NJ MINIMUM SALARY $52,152 MAXIMUM SALARY $67,811
JOB TITLE Director of Mortgage Banking LOCATION Newark, NJ MINIMUM SALARY $59,022 MAXIMUM SALARY $69,965
JOB TITLE Mortgage Closer LOCATION Newark, NJ MINIMUM SALARY $50,220 MAXIMUM SALARY $62,046
JOB TITLE Banking Consultant LOCATION Newark, NJ MINIMUM SALARY $46,162 MAXIMUM SALARY $56,930
JOB TITLE Banking Manager LOCATION Newark, NJ MINIMUM SALARY $152,846 MAXIMUM SALARY $204,376
JOB TITLE Banking Paralegal LOCATION Newark, NJ MINIMUM SALARY $57,738 MAXIMUM SALARY $78,712
The Mortgage Banking job could be listed using titles that are not exactly the same, but actually are for the same or very similar job. Here are some job titles in Newark, NJ that might be a good fit for the type of job and salary you are looking for.

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.

38174
47192

 

About Newark, New Jersey    Newark (/ˈnjuːərk/,[24] locally /njʊərk/)[25] is the most populous city in the U.S. state of New Jersey and the seat of Essex County.[26] As one of th....More

Newark, New Jersey  area prices were up 1.6% from a year ago

Mortgage Banking Salary in popular cities: Jersey City, Paterson, Elizabeth

Recently searched related titles: Cpap Specialist, Provider Customer Service Representative

Learn more about: Compensation Packages, Employee Flight Risk, Gender Pay Gap, Job Openings for This Role

Jobs with a similar salary range to Mortgage Banking : Black Jack Dealer, Pharmacy Technician Cpht