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Townebank Mortgage Salary

How Much Does Townebank Mortgage Pay for employees?

Yearly Salary Hourly Rate Monthly Salary Weekly Salary

Salary at Townebank Mortgage

How Much Does Townebank Mortgage Pay for Different Roles?

The table below outlines the annual salary ranges for popular roles within the company, helping you benchmark potential earnings. Use 'View by Card/Table' option to find the data most relevant to your career path.

Digital Services Specialist

$17 / hour

Salary Range: $15 - $19

Security Services

Contact Center Agent

$42 / hour

Salary Range: $36 - $48

Sales

Fraud and Security Specialist

$44 / hour

Salary Range: $38 - $51

Security Services

Digital Support Agent

$34 / hour

Salary Range: $30 - $38

Construction

Business Anaylst

$66 / hour

Salary Range: $55 - $75

Library

Digital Banking Agent

$34 / hour

Salary Range: $30 - $38

Construction

Loan Documentation Manager

$54 / hour

Salary Range: $48 - $60

Retail

Universal Banker II

$31 / hour

Salary Range: $27 - $36

Resident Services

Bilingual Universal Banker, Mandarin, Cantonese and English

$20 / hour

Salary Range: $18 - $24

Sales

Bilingual Relationship Banker, Mandarin or Cantonese and English

$44 / hour

Salary Range: $38 - $51

Relationship Management

SBA Commercial Loan Processor

$19 / hour

Salary Range: $17 - $21

Consumer Payment

Bilingual Universal Banker II, Vietnamese and English

$22 / hour

Salary Range: $20 - $26

Sales

Bilingual Universal Banker, Korean and English Preferred Job

$20 / hour

Salary Range: $18 - $24

Sales

Bilingual Universal Banker I, Mandarin, Cantonese and English

$20 / hour

Salary Range: $18 - $24

Sales

Turn Insight into Opportunity: Current Job Openings

Ready for your next career move? Explore current job openings at Townebank Mortgage.

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About Townebank Mortgage: Company Profile

Website

www.monarchmtg.com

Founded In

2008

Employees

500 - 1,000 employees

Industry

Financial Services

Headquarter Location

VIRGINIA BEACH

Revenue

$50 Million - $200 Million

Phone Number

About TOWNEBANK MORTGAGE

TowneBank Mortgage is your hometown mortgage company. As a division of TowneBank, we uphold the principles and philosophies that have been established by our hometown traditions. TowneBank Mortgage is dedicated to providing the personal experience that you expect from a hometown lender with the most advanced technology available to offer affordable loans, quick processing and exceptional service.

Employee Reviews: Insights on Salary, Culture & Work-Life

Gain authentic perspectives from current and former employees. These anonymous reviews offer invaluable insights into Townebank Mortgage's culture, work-life balance, management, and employee sentiment regarding salary satisfaction, bonus payouts, and benefits.

What stands out is how technology enhances rather than replaces the human element of financial services. There’s a true sense of collaboration across departments. Well-organized and process-driven. This culture of respect, trust, and innovation makes it an excellent place to work. I've been consistently impressed by dedication to client-centricity and ethical conduct.

Commented in March 01, 2025

Managers are supportive and accessible. What I appreciate most about this firm is its commitment to excellence. Follow-up check-ins ensure smooth transitions. Clear career progression paths available here. Benefits are comprehensive and competitive, with an emphasis on health and retirement plans. The company culture is professional but can feel formal and reserved. Standing desks are standard iss...

Commented in June 16, 2024

With employees, the company offers various affinity groups and social activities to foster connections beyond work. Whether you’re in asset management, consulting, or fintech, you’ll find challenging work and a team that supports your growth. The overall culture supports autonomy with accountability. Industry reputation opens doors.

Commented in January 13, 2024

How Townebank Mortgage's Salaries Compare to Similar Companies?

The data below provides a snapshot of what comparable firms are paying, offering crucial context for evaluating Townebank Mortgage’s pay competitiveness. Click on a company for a deeper dive.

WATERSTONE MORTGAGE

Avg. Hourly Rate: $43

GREEN MORTGAGE COMPANY

Avg. Hourly Rate: $39

SIGNATURE MEDICAL GROUP

Avg. Hourly Rate: $45

COBALT MORTGAGE

Avg. Hourly Rate: $49

RPM MORTGAGE

Avg. Hourly Rate: $54

SCOTT J FINE PC

Avg. Hourly Rate: $51

COLONIAL COMPANIES

Avg. Hourly Rate: $43

KAILUABEACHPARK

Avg. Hourly Rate: $46

BOEMORTGAGE

Avg. Hourly Rate: $40

SOUTHWEST FUNDING

Avg. Hourly Rate: $45

WATERSTONE MORTGAGE MECHANICSVILLE

Avg. Hourly Rate: $45

JOE FOWLER

Avg. Hourly Rate: $40

Is Townebank Mortgage’s Pay Competitive? Salary Benchmarking Analysis

How does Townebank Mortgage’s compensation stack up against the market? This analysis visualizes their average salary compared to its industry benchmark and key peer companies.

Peer Company & Industry Benchmarking

180k

150k

120k

90k

60k

30k

Average Salary ($/year)

Townebank Mortgage

Financial Services

WATERSTONE MORTGAGE

GREEN MORTGAGE COMPANY

Industry Comparison

Our data shows that, on average, compensation at Townebank Mortgage is below the average for the U.S. Financial Services industry by approximately 26%. This positioning suggests their pay is below the market average within their sector.

Peer Company Comparison

To provide a broader market perspective, we compared Townebank Mortgage average annual salary with several similar companies. Townebank Mortgage average salary of $89,612 is lower than WATERSTONE MORTGAGE, which has an average salary of $89,820. It is higher than GREEN MORTGAGE COMPANY, with their average salary at $81,069. This places Townebank Mortgage in a mid-range position among its peers.

See Your True Competitors

The companies behind the question marks could be hiring your best people. Don't operate with incomplete data. Unlock your full competitive view with Salary.com for Business to precisely benchmark salaries, benefits, and more against your true competitors.

What Is the Cost of Living Near Virginia Beach?

Understanding the cost of living near Virginia Beach is key to truly evaluating a salary offer or your current compensation at Townebank Mortgage.

Virginia Beach's Cost of Living Index is approximately 101.8 (1.8% more expensive than US average; 2.2% less than VA average). Large coastal city, tourism, military, housing near US avg. HRT bus/light rail. When planning your budget based on a salary from Townebank Mortgage, consider these typical monthly expenses:

Expense Category	Estimated Monthly Cost	Key Considerations / Notes
Housing (1-BR Apt Rent)	$1,300 - $1,900+	A significant portion of Townebank Mortgage salary. Location choices impact this heavily.
Utilities (Basic)	$140 - $230	Electricity, Heating, Cooling, Water etc.
Public Transportation	$70 (HRT monthly pass)	Essential for most commuters; car ownership is costly.
Groceries (Single Person)	$410 - $600	Can be higher with more dining out or specialty stores.
Personal & Leisure	$400 - $730+	Dining out, entertainment, shopping. Highly variable.
Healthcare (Individual)	$380 - $700+	Varies significantly by plan & employer contribution.
Subtotal (Excluding Taxes)	$2,600 - $4,160+	This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay.

Most Common Questions About Townebank Mortgage

FAQ 1: What is the estimated average total compensation at Townebank Mortgage?

Salary.com estimates that the average total compensation package at Townebank Mortgage, which can include base salary, potential bonuses, and benefits, is around $43 per hour . Total compensation provides a more holistic view of an employee's earnings.

FAQ 2: How much does Townebank Mortgage pay compared to WATERSTONE MORTGAGE?

The average annual salary at Townebank Mortgage is $89,612, or an hourly wage of $43, in comparison to WATERSTONE MORTGAGE which pays $89,820 per year or $43 per hour.

FAQ 3: What's the typical salary progression for an employee moving from an entry-level to a senior role at Townebank Mortgage?

Salary progression from an entry-level to a senior role at Townebank Mortgage can be significant, often involving several promotions and substantial pay increases. For example, an entry-level Analyst might see their salary potentially double or more as they progress to a Senior Manager or Director position over several years, assuming strong performance and development.

FAQ 4: How can I determine if a salary offer from Townebank Mortgage in Virginia Beach is fair given the local cost of living?

To determine if a salary offer from Townebank Mortgage in Virginia Beach is fair, first compare the gross salary to our data for similar roles at Townebank Mortgage and its competitors (see our similar company salaries section) . Then, critically, use our "Cost of Living Insights for Virginia Beach" to understand its purchasing power.

FAQ 5: Are promotions at Townebank Mortgage usually accompanied by a significant salary increase?

Yes, promotions at Townebank Mortgage are generally accompanied by a salary increase. The amount of the increase typically reflects the greater responsibilities, skills, and scope of the new role. The percentage increase can vary widely depending on the level of promotion and the company's compensation structure.