What does an account executive do in mortgage?

What does an account executive do in mortgage?

As a mortgage account executive your main job is to develop and manage national or regional sales activities of mortgage broker networks or third party channels. They have a general knowledge of all loan products and guidelines because they provide advice and assistance to approved brokers.

How much do Executive Mortgage bankers make?

Executive Mortgage Bankers earn $76,000 annually on average, or $37 per hour, which is 14% more than the national average for all working Americans.

How much do wholesale mortgage account executives make?

Wholesale Mortgage Account Executives earn $75,000 annually on average, or $36 per hour, which is 13% more than the national average for all working Americans.

How much should an account executive be paid?

The salaries of Account Executives in the US range from $25,700 to $600,000 , with a median salary of $97,500 . The middle 50% of Account Executives makes between $73,500 and $97,000, with the top 83% making $600,000.

How much do mortgage Wholesalers make?

Mortgage brokers earn an average of $92,262 per year in the United States, but this figure can vary based on factors such as experience level and geographic location.

How much do account executives make at United Shore?

The average United Wholesale Mortgage Account Executive earns an estimated $113,260 annually, which includes an estimated base salary of $73,041 with a $40,220 bonus. United Wholesale Mortgage’s Account Executive compensation is $1,336 less than the US average for a Account Executive.

What is an executive mortgage banker?

A Mortgage Banker is a loan officer who specializes in home mortgages. They must protect their bank’s interests by finding loan applicants who are reliable and pose little financial risk and they must also work to find the best deal for their clients by getting them a loan with good terms.

How much do Mortgage bankers make on commission?

Mortgage brokers generally earn commissions equal to 1%-2% of the loans that they find for clients, which can translate into annual salaries exceeding $80,000.

What does a wholesale account executive do?

A wholesale account executive works for manufacturers or distributors of products. Essentially, they are in charge of maintaining good relationships with buyers, tracking sales trends for their products, and meeting the sales goals set by their company and buyers.

What is the average salary of a wholesale mortgage account executive?

While loan sizes are larger in some parts of the county, resulting in account executives salaries reaching well into the six figures, the average salary for the position is considerably less. According to industry figures as of June 2011, the average salary for a wholesale mortgage account executive is $91,000.

How much does an account executive make in the United States?

Data source tooltip for average base salary. The average salary for a account executive is $64,816 per year in the United States, $15,000 cash bonus per year and $22,500 commission per year. Data source tooltip for additional compensation.

What are the duties of a mortgage account executive?

Some mortgage account executives are responsible for training and managing brokers and other mortgage department employees, which means time might also be spent in a classroom setting. Because housing prices and the resulting mortgage needs differ based on geographic location, a mortgage account executive’s income can vary significantly.

What education is needed to become a mortgage account executive?

Though most mortgage account executive job listings don’t set specific educational requirements — some employers might suggest a bachelor’s degree in business or finance at most — experience in the mortgage industry and a proven sales record provide a good foundation.