Private Mortgage Banker Salary
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How much does a Private Mortgage Banker make? The average Private Mortgage Banker salary is $50,000 as of June 27, 2024, but the salary range typically falls between $42,703 and $58,578. 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.
Salary range for a Private Mortgage Banker
$42,703 to $58,578
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What does a Private Mortgage Banker do?
Common responsibilities of a Private Mortgage Banker
Adhere to all Federal and State laws and regulations applicable to the firm.
September 14, 2022
Interviews potential applicants to develop information concerning their needs, desires and other information.
February 05, 2023
Obtains and review pertinent financial and credit data.
February 20, 2023
Develop and implement processes that enable a team of private mortgage bankers to deliver expert advice and counsel in order to solve complex liability management needs for high net worth clients and financial advisors.
March 22, 2023
Receive customer applications, quote the rate and points, and complete follow-up activities with the registration lock-in.
March 29, 2023
Demonstrate leadership abilities, organizational skills and proficiency in working in a fast paced, demanding and dynamic environment.
April 16, 2023
Understand real estate appraisals, title reports, and real estate transactions.
April 30, 2023
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Explore JobArchitectPrivate Mortgage Banker Salary in Major Cities
This chart shows the salary comparison for Private Mortgage Banker between major cities. San Francisco City consistently ranks #1 as of June 27, 2024. Click on the chart to see the detail salary data for Private Mortgage Banker in each city.
Private Mortgage Banker Salary by State
- Alaska
- Alabama
- Arkansas
- Arizona
- California
- Colorado
- Connecticut
- District of Columbia
- Delaware
- Florida
- Georgia
- Hawaii
- Iowa
- Idaho
- Illinois
- Indiana
- Kansas
- Kentucky
- Louisiana
- Massachusetts
- Maryland
- Maine
- Michigan
- Minnesota
- Missouri
- Mississippi
- Montana
- North Carolina
- North Dakota
- Nebraska
- New Hampshire
- New Jersey
- New Mexico
- Nevada
- New York
- Ohio
- Oklahoma
- Oregon
- Pennsylvania
- Rhode Island
- South Carolina
- South Dakota
- Tennessee
- Texas
- Utah
- Virginia
- Vermont
- Washington
- Wisconsin
- West Virginia
- Wyoming
Private Mortgage Banker Salary by City
Click to see the salary for Private Mortgage Banker in these major U.S. cities.
| City Name | Average Salary |
|---|---|
| San Francisco, CA | $62,500 |
| Washington, DC | $55,650 |
| Miami, FL | $48,250 |
| Chicago, IL | $52,450 |
| Boston, MA | $56,050 |
| New York, NY | $58,400 |
| Dallas, TX | $49,350 |
If you'd like know Private Mortgage Banker Salary in other cities, then please select a city in
Average Salary Range for Private Mortgage Banker
Average Base Salary
Core compensation
42703
58578
Average Total Cash Compensation
Includes base and annual incentives
What is the average salary for Private Mortgage Banker in 2024?
These charts show the average base salary (core compensation), as well as the average total cash compensation for the job of Private Mortgage Banker in the United States. The base salary for Private Mortgage Banker ranges from $42,703 to $58,578 with the average base salary of $50,000. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $48,864 to $78,340 with the average total cash compensation of $61,420.
View Average Salary for Private Mortgage Banker as table
| Average Salary | Average Salary Range | |
|---|---|---|
| Base Salary | $50,000 | $42,703 - $58,578 |
| Bonus | $11,420 | $6,161 - $19,763 |
| Total Pay | $61,420 | $48,864 - $78,340 |
* 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.
Estimate Salary for Private Mortgage Banker online for free
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Please enter the following pay factors for Private Mortgage Banker, to get a real-time salary target.
If you want to get more detailed salary information, please view Professional Salary Report
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Comments about Private Mortgage Banker
What's the difference between Private Banker and Private Mortgage Banker?
According to our latest salary estimation on June 27, 2024. The average salary of Private Mortgage Banker is $50,000, and the average salary of Private Banker is $80,245. The average salary of Private Banker is higher than Private Mortgage Banker. ( 2024-06-27 salary.com )
I am a Private Mortgage Banker, which location’s salary is higher, Auburn, AL or Bentonville, AR?
Bentonville, AR typically sees higher pay than Auburn, AL for Private Mortgage Banker. a Private Mortgage Banker Salary in Bentonville, AR is $45,200 as of June 27, 2024; a Private Mortgage Banker Salary in Auburn, AL is $44,100 as of June 27, 2024. ( 2024-06-27 salary.com )
Private Mortgage Banker Frequently Asked Questions
Why does the salary of a Private Mortgage Banker vary from city to city?
The cost of living is tied to salaries.
If the expenses are higher in a particular city, then the wage level will be higher as well to afford the people can opportunity to live there.
This is why you're always going to make more money in New York City for example, than in a small town. ( 2024-06-27 salary.com )
What are the Pay Factors for Private Mortgage Banker?
Salary ranges for a Private Mortgage Banker can vary widely, depending on the city and several other pay factors, including (but not limited to) education level, certifications, additional skills, and work experience.
Click here to view Eight Factors That Can Affect Your Pay ( 2024-06-27 salary.com )
How the Pay Factors Influence Your Pay?
Salaries are ultimately dictated by the position being applied to, and hiring company,
but there are several important pay factors that come into play based on your individual history that could impact your value to the company.
Salary.com's Personal Salary Report will analyze these factors for you to help you maximize your earning potential. ( 2024-06-27 salary.com )
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Last Update: June 27, 2024