Ultimate Rate Mortgage Salary

Ultimate Rate Mortgage Salary

How much does the Ultimate Rate Mortgage Pay for employees?

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As of August 2026, the average annual salary for employees at Ultimate Rate Mortgage in the United States is $92,474. This translates to an approximate hourly wage of $44. Salaries at Ultimate Rate Mortgage typically range from $81,116 to $104,794 annually, reflecting the diverse roles and experience levels within the company. Ultimate Rate Mortgage’s salaries are influenced by a wide range of factors including job role, department, years of experience, and location.
DISCLAIMER: The salary range presented here is an estimation that has been derived from our proprietary algorithm. It should be noted that this range does not originate from the company's factual payroll records or survey data.

How Much Does Ultimate Rate Mortgage Pay for Different Roles?

Explore detailed salary information for specific jobs at Ultimate Rate Mortgage. 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.
DISCLAIMER: The salary range presented here is an estimation that has been derived from our proprietary algorithm. It should be noted that this range does not originate from the company's factual payroll records or survey data.
How accurate does the salary look to you?

Current Job Openings at Ultimate Rate Mortgage

Ready for your next career move? Explore current job openings at Ultimate Rate Mortgage. Use the search tool below to find available positions by title and location and apply directly to start your career.

Is Ultimate Rate Mortgage’s Pay Competitive? Salary Benchmarking Analysis

How does Ultimate Rate Mortgage’s compensation stack up against the market? This analysis visualizes their annual average salary compared to its industry benchmark and key peer companies.
Peer Company & Industry Benchmarking
180k
150k
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90k
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Average Salary ($/year)
Ultimate Rate Mortgage
Financial Services
House of Loans
Stonewater Financial Group
Industry Comparison
Our data shows that, on average, compensation at Ultimate Rate Mortgage is below the average for the U.S. Financial Services industry by approximately 24%. This positioning suggests their pay is below the market average within their sector.
Peer Company Comparison
To provide a broader market perspective, we compared Ultimate Rate Mortgage average annual salary with several similar companies. Ultimate Rate Mortgage average salary of $92,474 is lower than House of Loans, which has an average salary of $95,712. It is higher than Stonewater Financial Group, with their average salary at $88,128. This places Ultimate Rate 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.

How Ultimate Rate Mortgage's Salaries Compare to Similar Companies?

Explore companies in the same industry to compare average salaries, benefits, and career opportunities with those at Ultimate Rate Mortgage. Click a company name to learn more.

Employee Reviews: Working at Ultimate Rate Mortgage

Considering a career at Ultimate Rate Mortgage? Explore authentic employee reviews to learn about the work environment, career growth opportunities, pay transparency and benefits. These first-hand insights can help you set realistic compensation expectations and make informed career decisions.
The open-door policy among leadership fosters trust and transparency. It's a decent job if you're looking for predictability without a lot of external pressure or frequent changes in direction. Focus on compliance sometimes no innovation. Training on new software is readily available, making transitions smooth. Transitions are communicated with ample notice.
Commented in March 22, 2025
43
2
The compensation package is attractive and reflects the industry standards. With the benefits are comprehensive - from premium healthcare to generous retirement contributions. Managers promote balance and well-being. Strong leadership and consistent communication make expectations clear.
Commented in December 16, 2024
23
0
Predictable workloads and regular hours provide stability. This international perspective enriches my professional development and provides exciting opportunities to work on cross-border projects that impact clients worldwide. Managers are approachable and consistent. Recognition programs ensure outstanding work is noticed and rewarded, from spot bonuses to annual awards.
Commented in November 03, 2024
44
3

Ultimate Rate Mortgage Overview

Website
www.urmortgage.com
Founded In
2007
Employees
<25 employees
Industry
Financial Services
Headquarter Address
2800 S River Rd Des Plaines Illinois IL 60018
Revenue
<$5 Million
Phone Number
+1 7739662688
Social Media
About Ultimate Rate Mortgage
Welcome to Ultimate Rate Mortgage - we're a local, family-owned mortgage broker whose cornerstones are hard work and customer service! We listen to our clients, uncover their needs and find the best product and programs that fits. With over 40 years of experience, our highly qualified team can expertly guide you through the process from application through closing. We know that each of our clients

What Benefits Does Ultimate Rate Mortgage Offer Beyond Salary?

A competitive compensation package is more than just a salary. Ultimate Rate Mortgage offers a comprehensive benefits package designed to support your health, financial future, and overall well-being. Below are the most common key benefits:
Social Security
401(K)
Disability
Healthcare
Pension
Time Off (days)
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What Is the Cost of Living Near Des Plaines?

Understanding the cost of living near Des Plaines is key to truly evaluating a salary offer or your current compensation at Ultimate Rate Mortgage.
Des Plaines' Cost of Living Index is approximately 103.8 (3.8% more expensive than US average; 10.7% more than IL average). NW Chicago suburb near O'Hare, housing costs near US avg. Pace bus, Metra rail. When planning your budget based on a salary from Ultimate Rate Mortgage, consider these typical monthly expenses:
Expense Category Estimated Monthly Cost Key Considerations / Notes
Housing (1-BR Apt Rent) $1,300 - $1,850+ A significant portion of Ultimate Rate Mortgage salary. Location choices impact this heavily.
Utilities (Basic) $140 - $230 Electricity, Heating, Cooling, Water etc.
Public Transportation Pace/Metra (varies) Essential for most commuters; car ownership is costly.
Groceries (Single Person) $400 - $590 Can be higher with more dining out or specialty stores.
Personal & Leisure $370 - $670+ Dining out, entertainment, shopping. Highly variable.
Healthcare (Individual) $380 - $690+ Varies significantly by plan & employer contribution.
Subtotal (Excluding Taxes) $2,590 - $4,030+ This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay.

FAQs of Ultimate Rate Mortgage

1. What is the typical salary range (low to high) for most roles at Ultimate Rate Mortgage?

The typical annual salary range for most roles at Ultimate Rate Mortgage is approximately from $81,116 to $104,794. It's important to remember that these are overall averages, actual salaries vary significantly based on specific job titles, years of experience, skills, and location.

2. How much does Ultimate Rate Mortgage pay compared to House of Loans?

The average annual salary at Ultimate Rate Mortgage is $92,474, or an hourly wage of $44, in comparison to House of Loans which pays $95,712 per year or $46 per hour.

3. Do salaries differ significantly between departments at Ultimate Rate Mortgage?

Yes, salaries often differ between departments at Ultimate Rate Mortgage due to varying market demand for specific skill sets and the nature of the roles. For example, technical roles in Engineering or IT may command different salary ranges compared to roles in Marketing or Human Resources.

4. How does experience level affect salary at Ultimate Rate Mortgage?

Experience level is a significant factor in determining salary at Ultimate Rate Mortgage, as it is with most employers. Generally, employees with more years of relevant experience and a proven track record can command higher salaries. For example, a senior-level role will typically have a higher pay band than an entry-level or mid-career position within the same job family.

5. How can I determine if a salary offer from Ultimate Rate Mortgage in Des Plaines is fair given the local cost of living?

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

6. Why might an individual's actual salary at Ultimate Rate Mortgage differ from the ranges shown here?

An individual's actual salary at Ultimate Rate Mortgage can differ from our estimated ranges due to various factors. These include their specific years of experience in the role, unique skills or certifications, educational background, performance record, the specific team or department they join, negotiation outcomes, and even the precise timing of when they were hired relative to market fluctuations. Our ranges represent typical compensation.

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