$99,159
Avg. Salary
$29.48
Avg. Hourly Rate
Help us gather more data! Is Mortgage Trader your job title? Find out what you're worth.

The average pay for a Mortgage Trader is $29.48 per hour.

The average pay for a Mortgage Trader is $99,159 per year.

10%
$0.00
10%
$29.48
50%
$0.00
90%
90%
MEDIAN $29.48
10%
$58k
10%
$99k
50%
$137k
90%
90%
MEDIAN $99,159
$57,894 - $136,846
$58K
$99K
$140K
MEDIAN: $99,159
10%
50%
90%

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$0$154K
Salary $57,894 - $136,846
Bonus $14,740
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).
)
$46,143 - $154,466
  • Country: United States
  • Currency: USD
  • Updated: 15 Mar 2019
  • Individuals Reporting: 17

Job Description for Mortgage Trader

Mortgage traders generally work for financial institutions, trading mortgage-backed securities such as stocks, mutual funds and bonds. They execute trading strategies utilizing various derivative products such as swaps, options and exchange traded futures. Monitoring trends and developments within the mortgage industry is an essential part of this position. At all times, mortgage traders must comply with various government rules and regulations; they must follow their company’s guidelines, policies and procedures as well. They must be knowledgeable in Security Exchange Commission (SEC) rules related to security trading, relevant Internal Revenue Service (IRS) regulations and other relevant rules and regulations. Additionally, mortgage traders must keep their licenses current at all times.

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Mortgage Trader Tasks
  • Receive buy and sell orders for mortgage securities from clients and carry out the transactions.
  • Follow changes and trends in the mortgage and financial markets.
  • Ensure paperwork is completed correctly and proper transaction records are kept.
  • Advise clients on how to meet their financial goals and get the best returns on their mortgage securities.

Mortgage Trader Job Listings

Key Stats for Mortgage Trader

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 5 votes.
Less than 1 year
5%
1-4 years
35%
5-9 years
25%
10-19 years
25%
20 years or more
10%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 5 votes.

Years of Experience

Less than 1 year
5%
1-4 years
35%
5-9 years
25%
10-19 years
25%
20 years or more
10%

Common Health Benefits

medical benefits
Medical: 93%
dental benefits
Dental: 80%
vision benefits
Vision: 40%
no benefits
None: 7%