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Mortgage Banker salary in Ecuador

Average Yearly Salary of Mortgage Banker in Ecuador is approximately 174,772,398 ECS (6,181 USD). Data is for 2025 and indicates a pre-tax value. The salary itself depends on multiple factors such as seniority, job performance, certifications, experience or any other bonuses. The value indicated is an average amount based on records we have in database. Real values may vary. The data is for orientational purposes.

What does Mortgage Banker do?

occupation personasA mortgage banker is a professional who specializes in providing loans for individuals or businesses to purchase or refinance real estate properties. They work with clients to assess their financial situation, evaluate loan options, and guide them through the mortgage application process. Mortgage bankers analyze credit histories, income, and property values to determine the feasibility of granting a loan. They also collaborate with underwriters, appraisers, and title companies to ensure all necessary documentation is in order. Mortgage bankers must stay updated on current lending regulations and market trends to offer the best advice to their clients. They may work for banks, credit unions, or mortgage companies, and are responsible for building and maintaining relationships with clients. This occupation requires strong communication and negotiation skills, attention to detail, and a thorough understanding of the mortgage industry.

Skills: Mortgage banker, Loan specialist, Real estate financing, Mortgage application, Financial analysis, Client relationship management
Job industry: Finance


How much does Mortgage Banker make?

Salary details
How much does Mortgage Banker make?
Estimated Yearly Salary: 174,772,398 ECS
Estimated Monthly Salary: 14,564,367 ECS
Estimated Weekly Salary: 3,361,008 ECS per week
Estimated Hourly Salary: 84,025 ECS per hour
Values are pre-tax
Last revision of data: 2025-01-04

Comparing salary to last year:
Estimated Yearly Salary: 169,173,664 ECS
Estimated Monthly Salary: 14,097,805 ECS
Estimated Weekly Salary: 3,253,340 ECS per week
Estimated Hourly Salary: 81,333 ECS per hour
Last revision of data: 2024-01-03



Mortgage Banker estimated salary in USD
For easier comparison here is an estimated salary in USD:
Estimated Yearly Salary: 6,181 USD
Estimated Monthly Salary: 515 USD
Estimated Weekly Salary: 119 USD per week
Estimated Hourly Salary: 3 USD per hour


Difference in salary year over year or average salary increase is approximately up arrow 3 %

About these results Data confidence is - relatively high
Data fetched from dabase: 14 submissions.
Results are anonymized. Amounts indicated are pre-tax, meaning no deductionts yet have been made to the basic salary. Salaries where there are less than 3 entries are not displayed.

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Salary comparison to National average

Ecuador is a country located in South America, bordered by Colombia to the north, Peru to the east and south, and the Pacific Ocean to the west. It has a population of approximately 17 million people and covers an area of about 283,561 square kilometers.

Estimated national average yearly salary is 163,662,470 ECS (6,310 USD). Value indicated is pre-tax. Below graph shows estimated Mortgage Banker job salary compared to average salary in Ecuador.
Comparison shows that a person working as Mortgage Banker in Ecuador earns on average:
1.07 times the average salary (or 107% of average salary).

Is Mortgage Banker a well paid job?

Yes, our data show that Mortgage Banker is an averagely well paid job that still allows for some yearly savings. With years and experience the salary might increase even further, resulting in higher satisfaction.

What is considered a high salary for Mortgage Banker?

High salary for Mortgage Banker would be somewhere between 192,249,638 ECS and 253,419,977 ECS. However this is an estimation based on Gaussian Distribution.

How much can you save working as Mortgage Banker in Ecuador?

Living in Ecuador the approximate monthly expenses are: 252 USD. This amount covers basic needs such as food, housing, clothing, healthcare and education costs for a single person. No luxury expenses such as traveling, leisure, hobbies are included in the estimation.

Estimated Yearly Salary: 174,772,398 ECS
Estimated Monthly Salary: 14,564,367 ECS
Estimated Weekly Salary: 3,361,008 ECS per week
Estimated Hourly Salary: 84,025 ECS per hour
By working as Mortgage Banker a person can save up to 263 USD per month or 3,152 USD yearly. Values are pre-tax.

NOTE: These values are estimates and are averaged for the whole country. Furthermore the value is likely exaggerated as no other expenses are taken into account in the projection. Unessential expenses are very subjective and are difficult to assess. Most likely the previously estimated number is significantly lower for majority of people. Expenses in different cities across the country may vary. Above values accuracy is low and is based on limited set of data obtained.

For more information regarding expenses in Ecuador, see costs of living in Ecuador.

Salary comparison to region and neighbouring coutries

Country's neighbours are: Colombia, Peru.
To make it easier for comparison a conversion from local currency to USD has been made (conversion rates may vary).

Estimated Yearly Salary for Mortgage Banker

Colombia is 6,409 USDup arrow 4%
Details on Mortgage Banker salary in Colombia
Last revision of data: 2025-01-04

Salary increase per years of experience

Based on data available the salary increase per years of experience is as following

    0 years (beginner) equals base salary
    1 to 5 years of experience yields up arrow+12% salary increase
    6 to 10 years of experience yields up arrow+25% salary increase
    11 to 15 years of experience yields up arrow+16% salary increase
    16 to 25 years of experience yields up arrow+9% salary increase
    more than 25 years of experience yields up arrow+10% salary increase
NOTE: Details based on limited set of data. Percentages may vary. The salary increase over years of experience can vary widely based on factors such as job industry, job role, location, company size, and individual performance. To gain even larger increase in salary one is advised to switch jobs and / or employer.

Top 10 highest salaries in Ecuador

(1,855,980,438 ECS per year, pre-tax.)
(1,555,155,042 ECS per year, pre-tax.)
(1,492,481,780 ECS per year, pre-tax.)
(1,451,252,556 ECS per year, pre-tax.)
(1,445,038,889 ECS per year, pre-tax.)
(1,418,984,151 ECS per year, pre-tax.)
(1,418,715,651 ECS per year, pre-tax.)
(1,416,409,138 ECS per year, pre-tax.)
(1,414,323,101 ECS per year, pre-tax.)
(1,413,729,680 ECS per year, pre-tax.)

Data as of 2025

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The salary figures on this website are meant for reference purposes exclusively.
optisalary.com aggregates salary data for reference purposes only. While we strive to deliver accurate estimates, we do not ensure their full reliability. Users are strongly encouraged to consult other sources before finalizing financial plans. Salary figures vary based on several conditions, such as location, job role, and individual qualifications. We make no claims as to the validity of the provided information. Your access of this site indicates agreement of this disclaimer.
The salary data on this site is intended for reference purposes exclusively. We offer salary insights based on multiple sources, but cannot guarantee complete accuracy. Users should always verify salary details with other reliable sources before making career-related decisions. Fluctuations in salary figures may arise due to several circumstances, including company policies, market demand, and individual skills. We do not offer any warranty regarding the entirety of the displayed salary data. Use of this website constitutes acceptance of these conditions.