The average pay for a Mortgage Broker is $62,149 per year. Most people move on to other jobs if they have more than 20 years' experience in this career.
Mortgage Broker Total Pay (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$29,832 - $233,151
(Median)
30K
62K
120K
230K
MEDIAN: $62,148
10%
50%
75%
90%
Add this chart to your site

National Salary Data

 (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$80K$160K$240K
Salary
$29,832 - $233,151  
   
Bonus
$0.00 - $48,025  
Commission
$0.00 - $144,966  
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
$31,111 - $239,086  
PayScale
Country: United States | Currency: USD | Updated: 16 Apr 2014 | Individuals Reporting: 170
Is Mortgage Broker your job title? Get a personalized salary report!
Location:
United States (change)
Years in Field/Career:

Mortgage Broker Job Listings

Search for more jobs:
job title / company
location
Job Description for Mortgage Broker
Mortgage brokers originate mortgage loans. There are two types of mortgage brokers: commercial mortgage brokers and residential mortgage brokers. The former deal mainly with the commercial sector and the latter with private individuals. Mortgage brokers keep abreast of an array of increasingly complex mortgage products in order to provide a wide range of loan options to their clients. Likewise, they keep their knowledge of the ever-changing mortgage standards up to date in order to ensure industry compliance in the practice of their trade.
Read More...
Mortgage Broker Tasks
  • Assess local mortgage market to find deals for client.
  • Apply for loans on behalf of borrower and collect documentation to pre-approve client.
  • Mediate between the prospective homebuyer and the lending institution to underwrite and structure financial solutions.
  • Interview and document credit, income, and financial history of clients.
  • Deploy marketing and sales strategies to attract new clients.
Read more about: Loan Officers

Experience Affects Mortgage Broker Salaries

Experienced
up arrow 28%
Mid-Career
up arrow 21%
National Average
$72,000
Entry-Level
up arrow 34%
Job Satisfaction
Highly satisfied Image
Highly satisfied
Rated 4 out of 5 based on 14 votes.
Gender
Female
21%
female alumni
 
Male
79%
male alumni
Years of Experience
Less than 1 year
9%
1-4 years
25%
5-9 years
25%
10-19 years
31%
20 years or more
9%
Common Health Benefits
medical benefits Medical: 58% dental benefits Dental: 45%
vision benefits Vision: 34% employee benefits None: 39%
Find Out Exactly What You Should Be Paid
Job Title:
Years in Field/Career:
Location:
United States (change)
- OR -