Home > Salary > Ecuador > Mortgage Banker
A 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.
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
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
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
3 %
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.
Want to check how your salary compares? Submit your own salary here
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.
Estimated Yearly Salary for Mortgage Banker
Last revision of data: 2025-01-04
Data as of 2025
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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?
A 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
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: 2025-01-04Comparing salary to last year:
Estimated Yearly Salary: 169,173,664 ECSEstimated 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: 2024-01-03Mortgage 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
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.
Want to check how your salary compares? Submit your own salary here
Compare salary to other countries
Please type in your occupation and select desired country to see latest trends in salaries.
Country:
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).
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 USD Last revision of data: 2025-01-04Salary 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
+12% salary increase- 6 to 10 years of experience yields
+25% salary increase- 11 to 15 years of experience yields
+16% salary increase- 16 to 25 years of experience yields
+9% salary increase- more than 25 years of experience yields
+10% salary increaseTop 10 highest salaries in Ecuador
(1,855,980,438 ECS per year, pre-tax.)
2. Cardiologist
(1,555,155,042 ECS per year, pre-tax.)
(1,492,481,780 ECS per year, pre-tax.)
4. Neurosurgeon
(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.)
9. Oncologist
(1,414,323,101 ECS per year, pre-tax.)
10. Urologist
(1,413,729,680 ECS per year, pre-tax.)
Data as of 2025Random salary:
Mechanical drafter (141,948,691 ECS per year, pre-tax.)
Procurement assistant (133,176,947 ECS per year, pre-tax.)
Activities specialist (57,844,863 ECS per year, pre-tax.)
Youth pastor (114,563,729 ECS per year, pre-tax.)
Human resources (hr), associate (174,997,490 ECS per year, pre-tax.)
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