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Salary Details for a Mortgage Banker at Rocket Companies in Detroit, MI

Updated Mar 15, 2023
$225,931/yr
Total Pay
$122,621/yrBase Pay
$103,310/yrAdditional Pay

$225,931

 / yr
$131K$403K
Most Likely Range
Possible Range

The estimated total pay for a Mortgage Banker at Rocket Companies is $225,931 per year. This number represents the median, which is the midpoint of the ranges from our proprietary Total Pay Estimate model and based on salaries collected from our users. The estimated base pay is $122,621 per year. The estimated additional pay is $103,310 per year. Additional pay could include bonus, stock, commission, profit sharing or tips. The "Most Likely Range" represents values that exist within the 25th and 75th percentile of all pay data available for this role.

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What’s the best way to have a lack of compensation and incentive conversation in your department? I went above and beyond for years doing extra work, organizations etc and nothing has been reflected in pay. I thought my 5 year was going to finally show something but it did not. I’ve inquired about pay but it’s gotten nowhere.

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What are some related job titles for a Mortgage Banker?

Some related job titles are Mortgage Underwriter salaries with median pay of $115,788, Underwriter salaries with median pay of $75,806, Financial Advisor salaries with median pay of $116,421, MOrtgage Loan Originator salaries with median pay of $216,993.

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Detroit, MI

Rocket Companies Salary FAQs

The average salary for a Mortgage Banker is $88,481 per year in Detroit, MI, which is 60% lower than the average Rocket Companies salary of $225,931 per year for this job.

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"The program offers a $3,000 credit for first time homebuyers to use toward their down payment – helping to reduce the largest hurdle to homeownership, especially in underserved communities."
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