How much does a Mortgage Lending Manager make in New Jersey? The average Mortgage Lending Manager salary in New Jersey is $126,798 as of March 26, 2024, but the range typically falls between $102,036 and $159,361. Salary ranges can vary widely depending on the city and many other important factors, including education, certifications, additional skills, the number of years you have spent in your profession.
Percentile | Salary | Location | Last Updated |
10th Percentile Mortgage Lending Manager Salary | $79,492 | NJ | March 26, 2024 |
25th Percentile Mortgage Lending Manager Salary | $102,036 | NJ | March 26, 2024 |
50th Percentile Mortgage Lending Manager Salary | $126,798 | NJ | March 26, 2024 |
75th Percentile Mortgage Lending Manager Salary | $159,361 | NJ | March 26, 2024 |
90th Percentile Mortgage Lending Manager Salary | $189,008 | NJ | March 26, 2024 |
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Each competency has five to ten behavioral assertions that can be observed, each with a corresponding performance level (from one to five) that is required for a particular job.
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Underwriting: Underwriting services are provided by some large financial institutions, such as banks, or insurance or investment houses, whereby they guarantee payment in case of damage or financial loss and accept the financial risk for liability arising from such guarantee. An underwriting arrangement may be created in a number of situations including insurance, issue of securities in a public offering, and bank lending, among others. The person or institution that agrees to sell a minimum number of securities of the company for commission is called the underwriter. The name derives from the Lloyd's of London insurance market. Financial bankers, who would accept some of the risk on a given venture (historically a sea voyage with associated risks of shipwreck) in exchange for a premium, would literally write their names under the risk information that was written on a Lloyd's slip created for this purpose.
Mortgage Lending Manager manages a team of mortgage lending specialists in developing customer relationships, promoting mortgage loan products, and attaining volume and profit goals. Ensures that application processing follows state, federal, and organizational policies and guidelines and that customers have accurate loan information and guidance about product options. Being a Mortgage Lending Manager conducts team training on company products and services. Coaches team members to promote a sales culture, improve selling techniques, and meet goals. Additionally, Mortgage Lending Manager monitors trends and developments in the real estate markets and changes to private and government-insured mortgages. Maintains relationships with a network of realtors, attorneys, CPAs, and other contacts to obtain referrals and facilitate the lending process. May require a bachelor's degree. Typically reports to a head of a unit/department. The Mortgage Lending Manager manages subordinate staff in the day-to-day performance of their jobs. True first level manager. Ensures that project/department milestones/goals are met and adhering to approved budgets. Has full authority for personnel actions. To be a Mortgage Lending Manager typically requires 5 years experience in the related area as an individual contributor. 1 - 3 years supervisory experience may be required. Extensive knowledge of the function and department processes. (Copyright 2024 Salary.com)... View full job description
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Location | Avg. Salary | Date Updated |
---|---|---|
Location Bayonne, NJ | Avg. Salary $130,731 | Date Updated March 26, 2024 |
Location Bergenfield, NJ | Avg. Salary $133,045 | Date Updated March 26, 2024 |
Location Bloomfield, NJ | Avg. Salary $133,161 | Date Updated March 26, 2024 |
Location East Brunswick, NJ | Avg. Salary $130,616 | Date Updated March 26, 2024 |
Location Hoboken, NJ | Avg. Salary $135,128 | Date Updated March 26, 2024 |
Location Irvington, NJ | Avg. Salary $130,731 | Date Updated March 26, 2024 |
Location Lakewood, NJ | Avg. Salary $128,765 | Date Updated March 26, 2024 |
Location Middlesex, NJ | Avg. Salary $129,806 | Date Updated March 26, 2024 |
Location Passaic, NJ | Avg. Salary $133,161 | Date Updated March 26, 2024 |
Location Union, NJ | Avg. Salary $130,731 | Date Updated March 26, 2024 |
A career path is a sequence of jobs that leads to your short- and long-term career goals. Some follow a linear career path within one field, while others change fields periodically to achieve career or personal goals.
For Mortgage Lending Manager, the upper level is Mortgage Loan Area Manager and then progresses to Top Mortgage Executive.
Salary.com's CompAnalyst platform offers:
Job Title | Experience | EDUCATION | Salary Compared to This Job |
---|---|---|---|
Job Title Consumer Lending Manager | Experience 5 + | EducationBachelors | Salary Compared to This Job |
Job Title Mortgage Closing Manager | Experience 3 - 5 | EducationBachelors | Salary Compared to This Job |
Job Title Mortgage Lending Assistant Manager | Experience 3 + | EducationBachelors | Salary Compared to This Job |
Job Title Mortgage Lending Branch Manager | Experience 3 - 5 | EducationBachelors | Salary Compared to This Job |
Job Title Mortgage Loan Area Manager | Experience | EducationBachelors | Salary Compared to This Job |
Jobs with different levels of education may pay very differently. Check the Mortgage Lending Manager salary of your education level.
A job category is a classification or grouping of job positions that share similar characteristics, functions, or industries. Mortgage Lending Manager salary varies from category to category. Click below to see Mortgage Lending Manager salary in different categories.
About New Jersey New Jersey is bordered on the north and northeast by New York (parts of which are across the Hudson River, Upper New York Bay, the Kill Van Kull, Newa....More
Skills associated with Mortgage Lending Manager: New Product Development, Mortgage Servicing, Mortgage Loans, Due Diligence ...More
Jobs with a similar salary range to Mortgage Lending Manager : Mortgage Sales Manager
Salary estimation for Mortgage Lending Manager at companies like : Francestown Village Store - Inc, Unions, San Mateo Athletic Club