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Mortgage Banker Jobs (NOW HIRING)

Quicken Loans

Mortgage Banker

Cleveland, OH · On-site

We're revolutionizing the mortgage banking industry, while developing new technology-driven ventures along with life changing career experiences. We are revitalizing the communities in which we live ...

Shore United Bank

Mortgage Banker

Saint Michaels, MD · On-site

The Mortgage Banker proactively solicits new residential mortgage business and sells Bank mortgage products to meet established loan quality and production goals. In this on-going sales role, the ...

New

Renasant Bank

Mortgage Banker

Tuscaloosa, AL · On-site

Overview The Mortgage Banker will be responsible for establishing and maintaining relationships with Renasant Bank Branch Managers, Realtors, and Builders throughout a designated service area for the ...

Quicken Loans

Mortgage Banker

Cleveland, OH

We're revolutionizing the mortgage banking industry, while developing new technology-driven ventures along with life changing career experiences. We are revitalizing the communities in which we live ...

Shore United Bank

Mortgage Banker

Saint Michaels, MD · On-site

The Mortgage Banker proactively solicits new residential mortgage business and sells Bank mortgage products to meet established loan quality and production goals. In this on-going sales role, the ...

New

Renasant Bank

Mortgage Banker

Mandeville, LA · On-site

Overview The Mortgage Banker will be responsible for establishing and maintaining relationships with Renasant Bank Branch Managers, Realtors, and Builders throughout a designated service area for the ...

Renasant Bank

Mortgage Banker

Metairie, LA · On-site

Overview The Mortgage Banker will be responsible for establishing and maintaining relationships with Renasant Bank Branch Managers, Realtors, and Builders throughout a designated service area for the ...

Renasant Bank

Mortgage Banker

Birmingham, AL · On-site

Overview The Mortgage Banker will be responsible for establishing and maintaining relationships with Renasant Bank Branch Managers, Realtors, and Builders throughout a designated service area for the ...

Kensington Bank

Mortgage Banker

Willmar, MN · On-site

We are currently looking for an experienced, relationshipfocused Mortgage Banker to originate residential mortgage loans within our local communities. This role is ideal for a selfmotivated ...

Minnwest Bank

Mortgage Banker

Waseca, MN · On-site

$65K - $110K/yr

Minnwest Bank is seeking an individual for a Mortgage Banker position at our Waseca location. This is a full-time mortgage lending position within Minnwest Bank. The purpose of the position is to ...

Minnwest Bank

Mortgage Banker

Waseca, MN · On-site

$65K - $110K/yr

Minnwest Bank is seeking an individual for a Mortgage Banker position at our Waseca location. This is a full-time mortgage lending position within Minnwest Bank. The purpose of the position is to ...

Renasant Bank

Mortgage Banker

Birmingham, AL · On-site

Overview The Mortgage Banker will be responsible for establishing and maintaining relationships with Renasant Bank Branch Managers, Realtors, and Builders throughout a designated service area for the ...

Renasant Bank

Mortgage Banker

Savannah, GA · On-site

Overview The Mortgage Banker will be responsible for establishing and maintaining relationships with Renasant Bank Branch Managers, Realtors, and Builders throughout a designated service area for the ...

Kensington Bank

Mortgage Banker

Willmar, MN · On-site

We are currently looking for an experienced, relationship‑focused Mortgage Banker to originate residential mortgage loans within our local communities. This role is ideal for a self‑motivated ...

Kensington Bank

Mortgage Banker

Willmar, MN · On-site

We are currently looking for an experienced, relationship-focused Mortgage Banker to originate residential mortgage loans within our local communities. This role is ideal for a self-motivated ...

Morgan Stanley

Mortgage Banker

Tempe, AZ

Mortgage Banker Morgan Stanley has earned a worldwide reputation for the excellence of its advice and execution in financial markets. With offices in more than 41 countries, the firm is truly global ...

BOK Financial

Mortgage Banker

Albuquerque, NM

Mortgage Banking Pay Transparency Salary Range: Not Available Application Deadline: 09/30/2026 BOK Financial Corporation Group includes BOKF, NA; BOK Financial Securities, Inc. and BOK Financial ...

Morgan Stanley

Mortgage Banker

Dallas, TX

Mortgage Banker Morgan Stanley has earned a worldwide reputation for the excellence of its advice and execution in financial markets. With offices in more than 41 countries, the firm is truly global ...

Morgan Stanley

Mortgage Banker

Dallas, TX · On-site

Mortgage Banker Morgan Stanley has earned a worldwide reputation for the excellence of its advice and execution in financial markets. With offices in more than 41 countries, the firm is truly global ...

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Mortgage Banker information

See salary details

$43.5K

$87.7K

$106.5K

How much do mortgage banker jobs pay per year?

As of Jul 31, 2026, the average yearly pay for mortgage banker in the United States is $87,736.00, according to ZipRecruiter salary data. Most workers in this role earn between $80,000.00 and $100,000.00 per year, depending on experience, location, and employer.

How much does a loan officer make on a $500,000 loan?

Mortgage bankers or loan officers typically earn a commission or fee based on the loan amount, often around 0.5% to 1% of the loan. For a $500,000 loan, this could translate to $2,500 to $5,000 in commissions or fees, depending on the lender and specific compensation structure. Actual earnings can vary based on experience, location, and the terms of employment or commission agreements.

What Is a Mortgage Banker?

A mortgage banker is a loan officer who handles residential and commercial mortgages for the lending institution in which they work. Their duties include soliciting new business and seeking loan applicants that have a low financial risk to the bank. Mortgage bankers need the skills to perform a proper financial analysis of their clients’ financial information, statements, and credit reports. Part of their job includes counseling clients in regard to down payments, the gravity of mortgage debt, and refinancing of existing mortgages. Mortgage bankers generally earn a commission for each mortgage that they successfully originate.

What are the key skills and qualifications needed to thrive as a Mortgage Banker, and why are they important?

To thrive as a Mortgage Banker, you need strong financial analysis skills, knowledge of mortgage products, and relevant licensing such as the Nationwide Multistate Licensing System (NMLS) certification. Familiarity with loan origination software, credit evaluation tools, and CRM systems is typically expected. Exceptional interpersonal skills, attention to detail, and persuasive communication abilities help build client trust and close deals. These skills ensure accurate loan processing, regulatory compliance, and successful client relationships in a competitive lending environment.

What salary do you need for a $500,000 mortgage?

Mortgage bankers typically recommend that your monthly housing costs, including mortgage payments, should not exceed 28-30% of your gross monthly income. For a $500,000 mortgage, assuming a 30-year term and current interest rates around 6%, the monthly payment would be approximately $3,000 to $3,500, requiring a gross annual income of roughly $120,000 to $140,000. Lenders also consider credit score, debt-to-income ratio, and down payment when approving loans.

What are mortgage bankers?

Mortgage bankers are financial professionals who work with individuals or businesses to help them secure loans for purchasing real estate. They typically work for banks, credit unions, or mortgage companies and are responsible for originating, processing, and sometimes funding home loans. Mortgage bankers guide clients through the loan application process, evaluate their financial situations, and recommend suitable mortgage products. Their job involves ensuring that all necessary documentation is in order and that borrowers meet the requirements for loan approval.

What is the difference between Mortgage Banker vs Mortgage Loan Officer?

AspectMortgage BankerMortgage Loan Officer
CredentialsTypically requires licensing, NMLS registration, and sometimes additional certificationsRequires licensing, NMLS registration, and similar certifications
Work EnvironmentWorks for a bank or financial institution, often involved in processing and funding loansWorks for a mortgage company or bank, primarily involved in client consultations and loan origination
Employer & Industry UsageEmployed by banks or credit unions, involved in mortgage lendingEmployed by mortgage brokers, lenders, or banks, involved in loan origination

Mortgage bankers and mortgage loan officers both require similar licenses and work within the mortgage industry. Mortgage bankers typically work for banks and handle the entire loan process, including funding. Mortgage loan officers often work for mortgage brokers or lenders, focusing on client consultations and originating loans. Both roles are essential in the mortgage lending process, with overlapping skills and credentials.

How much does a mortgage broker make on a $500,000 mortgage?

Mortgage bankers and brokers typically earn a commission based on the loan amount, often around 0.5% to 1%, which would be $2,500 to $5,000 on a $500,000 mortgage. Their income can vary depending on the commission structure, experience, and the lender's policies, and they may also receive additional fees or bonuses for volume or performance.

What are some common challenges mortgage bankers face when working with clients, and how are they addressed?

Mortgage bankers often encounter challenges such as fluctuating interest rates, strict lending regulations, and clients' varying credit profiles. Managing client expectations and guiding them through complex documentation requirements can also be demanding. Successful mortgage bankers proactively communicate with clients, stay updated on regulatory changes, and collaborate closely with underwriters and real estate professionals to ensure smooth transactions. Building trust and maintaining a strong attention to detail are key strategies to overcome these challenges.

What do you do as a mortgage banker?

A mortgage banker helps clients secure home loans by evaluating their financial situation, advising on loan options, and processing mortgage applications. They often work with lenders, underwriters, and real estate agents, and may require licensing and knowledge of lending software. Their role involves assessing risk, explaining terms, and ensuring compliance with regulations.
More about Mortgage Banker jobs
What cities are hiring for Mortgage Banker jobs? Cities with the most Mortgage Banker job openings:
What are the most commonly searched types of Mortgage Banker jobs? The most popular types of Mortgage Banker jobs are:
Who are the top companies hiring for Mortgage Banker jobs? The top employers for Mortgage Banker jobs are:
What states have the most Mortgage Banker jobs? States with the most job openings for Mortgage Banker jobs include:
What job categories do people searching Mortgage Banker jobs look for? The top searched job categories for Mortgage Banker jobs are:
What are popular job titles related to Mortgage Banker jobs? For Mortgage Banker jobs, the most frequently searched job titles are:
Mortgage Banker jobs near you
Infographic showing various Mortgage Banker job openings in the United States as of July 2026, with employment types broken down into 90% Full Time, and 10% Part Time. Highlights an 97% Physical, 1% Hybrid, and 2% Remote job distribution, with an average salary of $87,736 per year, or $42.2 per hour.

Mortgage Banker

Quicken Loans

Cleveland, OH • On-site

Full-time

Re-posted 27 days ago

Job description

Company Description
Who We Are
Join Us to Find a Better Way
The Quicken Loans Family of Companies (FOC) is obsessed with always finding a better way through the creativity, innovation and transformative thinking of our leaders and team members. We certainly have the desire and ability to adapt to a changing world, but we are known to have changed the world ourselves. We're revolutionizing the mortgage banking industry, while developing new technology-driven ventures along with life changing career experiences. We are revitalizing the communities in which we live, work, and play.
Become an "Intrapreneur"
If you are passionate when it comes to sales, want high earning potential, and do not fit the 9-to-5 mold, then a career in mortgage banking might be right for you. Quicken Loans Mortgage Bankers own their own business within our business and are given a wide variety of options on how to accomplish individual and team goals. And like all successful entrepreneurs, they work hard, think creatively, and earn big.
Job Description
As the faces of the Quicken Loans experience, our Mortgage Bankers:
  • Complete and pass all assigned Mortgage Banker training and licensing activities - 15 weeks of Mortgage Banker training and licensing completely paid by Quicken Loans.
  • Consult with our clients about current and future needs in achieving their financial goals.
  • Deliver world-class client service and establish ongoing financial services relationships.
  • Interview clients to gather information about their unique financial situations, needs and objectives.
  • Use state-of-the-art technologies to conduct credit, underwriting and financial analyses to qualify clients for various loan programs.
  • Evaluate various loan programs and affordable financing plans from a broad range of Quicken Loans mortgage options.
  • Educate and advise clients on the home buying process and how to best manage their mortgage(s).
  • Ensure exceptional client experiences with ongoing communication throughout the entire loan process.
  • Protect Quicken Loans' interest and reputation as the nation's largest online retail mortgage lender and the second largest retail mortgage lender in the U.S.

Qualifications
What You Need
To become a successful Quicken Loans Mortgage Banker you need:
  • A positive attitude and the desire to truly help people.
  • The ability to rock in a fast-paced, dynamic environment.
  • Superb communication skills.
  • The spirit of an entrepreneur.

What You Don't Need
Quicken Loans Mortgage Bankers come to us from different places in their career journeys. We don't expect candidate's to have:
  • Lending experience or a finance degree. We'll teach you everything you need to know. Seriously.
  • The ability to make cold calls. You'll only talk to people who are already looking to buy or refi.

Additional Information
What You'll Get
  • 15 weeks of really fantastic Mortgage Banker training.
  • On-the-job coaching and real-time feedback.
  • Excellent compensation and benefits.
  • Sweet bonuses, trips, tickets and cash money.
  • Cutting edge, lightning fast technology (We call it "Rocket Mortgage" for a reason).

Videos To Watch
https://www.youtube.com/watch?v=LE2u9qW5nO0
https://www.youtube.com/watch?v=X2mnx_Ce7ck

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