How much does a Retail Mortgage Banker make in the United States?
-
The average Retail Mortgage Banker salary in the United States is $66,282 as of September 2026. The range for our most popular Retail Mortgage Banker positions (listed below) typically falls between $60,579 and $71,985. Keep in mind that salary ranges can vary widely depending on many important factors, including position, education, certifications, additional skills, and the number of years you have spent in your profession. With more online, real-time compensation data than any other website, Salary.com helps you determine your exact pay target.
Retail Mortgage Banker's Annual Base Salary
Retail Mortgage Banker's Annual Base Salary
| Job Title | Salary | Hourly Rate | Location | Date Updated |
|---|---|---|---|---|
| Mortgage Banker | $122,228 | $58.76 | United States | September 2026 |
| Retail Banker | $90,866 | $43.69 | United States | September 2026 |
| Private Mortgage Banker | $52,243 | $25.12 | United States | September 2026 |
| Mortgage Banker Assistant | $46,187 | $22.21 | United States | September 2026 |
| Senior Mortgage Banker | $70,600 | $33.94 | United States | September 2026 |
| Executive Mortgage Banker | $35,276 | $16.96 | United States | September 2026 |
| Junior Mortgage Banker | $39,420 | $18.95 | United States | September 2026 |
| Retail Relationship Banker | $76,100 | $36.59 | United States | September 2026 |
| Retail Personal Banker | $99,698 | $47.93 | United States | September 2026 |
| Banker | $101,722 | $48.90 | United States | September 2026 |
-
Responsible for soliciting and developing residential mortgage loans. Interviews applicants, collects financial data and documents, and recommends loan products that best meet the borrower's needs. Assists buyers in the purchase process through closing. Ensures compliance with regulatory requirements and organizational standards. Requires a bachelor's degree. Typically reports to a manager. Occasionally directed in several aspects of the work. Gaining exposure to some of the complex tasks within the job function. Typically requires 2-4 years of related experience. View Mortgage Loan Officer II SalaryAlternate Job Titles:Mortgage Lending Officer II, Mortgage Lending Specialist II, Officer, Experienced - Mortgage Loans, Residential Mortgage Officer II, Specialist II - Mortgage Loans
-
Provides specialized banking and financial services to high-net-worth clients. Assesses client financial needs and develops tailored solutions, including lending, investment, and wealth management services. Builds and maintains long-term client relationships through personalized service and regular engagement. Achieves deposit and loan volume goals and sells additional fee-based services. Coordinates with internal specialists to deliver comprehensive financial solutions. Monitors client accounts and market conditions to proactively identify opportunities and risks. Keeps abreast of new financial products to advise clients and create upsell opportunities. Ensures compliance with banking regulations and internal policies. Requires a bachelor's degree. Typically reports to a manager. Occasionally directed in several aspects of the work. Gaining exposure to some of the complex tasks within the job function. Typically requires 2-4 years of related experience. View Private Banker II SalaryAlternate Job Titles:Private Client Banker II, Specialty Banker II
-
Performs administrative and operational activities to support the disbursement and funding of approved mortgage loans. Reviews closing packages to verify that required documents, signatures, and approvals are complete before funds are released. Coordinates with closing agents, title companies, and internal loan operations teams to ensure funding conditions are satisfied. Processes wire transfers and disbursement transactions according to approved funding instructions and bank procedures. Maintains accurate funding records and updates loan systems to reflect funding status. Supports compliance and audit requirements by ensuring mortgage funding activities follow regulatory and internal control standards. Requires a high school diploma. Typically reports to a supervisor. Works under the close direction of senior personnel in the functional area. Possesses a moderate understanding of general aspects of the job. May require 0-1 year of general work experience. View Mortgage Loan Funding Clerk SalaryAlternate Job Titles:Mortgage Funding Administrative Clerk