Home > Salary > Ethiopia > 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: 113,491 ETB
Estimated Monthly Salary: 9,458 ETB
Estimated Weekly Salary: 2,183 ETB per week
Estimated Hourly Salary: 55 ETB per hour
Values are pre-tax
Last revision of data: 2025-01-04
Estimated Monthly Salary: 9,105 ETB
Estimated Weekly Salary: 2,101 ETB per week
Estimated Hourly Salary: 53 ETB per hour
Last revision of data: 2024-01-09
Estimated Yearly Salary: 1,878 USD
Estimated Monthly Salary: 157 USD
Estimated Weekly Salary: 36 USD per week
Estimated Hourly Salary: 1 USD per hour
Difference in salary year over year or average salary increase is approximately
4 %
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: 113,491 ETB
Estimated Monthly Salary: 9,458 ETB
Estimated Weekly Salary: 2,183 ETB per week
Estimated Hourly Salary: 55 ETB per hour
By working as Mortgage Banker a person can save up to 80 USD per month or 956 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 Ethiopia, see costs of living in Ethiopia.
Estimated Yearly Salary for Mortgage Banker
Last revision of data: 2025-01-04
Data as of 2025
Random salary:
Kennel cleaner (40,916 ETB per year, pre-tax.)
Speech-language pathology assistant (slpa) (91,516 ETB per year, pre-tax.)
Interior architect (86,480 ETB per year, pre-tax.)
Respiratory therapy manager (173,280 ETB per year, pre-tax.)
Perishables manager (53,941 ETB per year, pre-tax.)
Mortgage Banker salary in Ethiopia
Average Yearly Salary of Mortgage Banker in Ethiopia is approximately 113,491 ETB (1,878 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: 113,491 ETB
Estimated Monthly Salary: 9,458 ETB
Estimated Weekly Salary: 2,183 ETB per week
Estimated Hourly Salary: 55 ETB per hour
Values are pre-tax Last revision of data: 2025-01-04Comparing salary to last year:
Estimated Yearly Salary: 109,260 ETBEstimated Monthly Salary: 9,105 ETB
Estimated Weekly Salary: 2,101 ETB per week
Estimated Hourly Salary: 53 ETB per hour
Last revision of data: 2024-01-09Mortgage Banker estimated salary in USD
For easier comparison here is an estimated salary in USD:Estimated Yearly Salary: 1,878 USD
Estimated Monthly Salary: 157 USD
Estimated Weekly Salary: 36 USD per week
Estimated Hourly Salary: 1 USD per hour
Difference in salary year over year or average salary increase is approximately
4 %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
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Salary comparison to National average
Ethiopia is a landlocked country located in the Horn of Africa. With a population of over 114 million people, it is the second-most populous country in Africa. Covering an area of approximately 1.1 million square kilometers, Ethiopia is the 27th largest country in the world. It shares borders with Eritrea to the north, Sudan to the west, South Sudan to the southwest, Kenya to the south, Somalia to the east, and Djibouti to the northeast.
Estimated national average yearly salary is 105,216 ETB (1,920 USD). Value indicated is pre-tax. Below graph shows estimated Mortgage Banker job salary compared to average salary in Ethiopia.
Comparison shows that a person working as Mortgage Banker in Ethiopia earns on average:
1.08 times the average salary (or 108% of average salary).
Estimated national average yearly salary is 105,216 ETB (1,920 USD). Value indicated is pre-tax. Below graph shows estimated Mortgage Banker job salary compared to average salary in Ethiopia.
Comparison shows that a person working as Mortgage Banker in Ethiopia earns on average:
1.08 times the average salary (or 108% 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 124,840 ETB and 164,562 ETB. However this is an estimation based on Gaussian Distribution.How much can you save working as Mortgage Banker in Ethiopia?
Living in Ethiopia the approximate monthly expenses are: 77 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: 113,491 ETB
Estimated Monthly Salary: 9,458 ETB
Estimated Weekly Salary: 2,183 ETB per week
Estimated Hourly Salary: 55 ETB per hour
By working as Mortgage Banker a person can save up to 80 USD per month or 956 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 Ethiopia, see costs of living in Ethiopia.
Salary comparison to region and neighbouring coutries
Country's neighbours are: Djibouti, Eritrea, Sudan, South Sudan, Kenya, Somalia. 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
Sudan is 749 USD
Kenya is 5,897 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 Ethiopia
(1,198,707 ETB per year, pre-tax.)
2. Cardiologist
(998,053 ETB per year, pre-tax.)
(968,024 ETB per year, pre-tax.)
4. Neurosurgeon
(937,399 ETB per year, pre-tax.)
(935,134 ETB per year, pre-tax.)
(915,448 ETB per year, pre-tax.)
7. Oncologist
(913,122 ETB per year, pre-tax.)
(912,301 ETB per year, pre-tax.)
(911,770 ETB per year, pre-tax.)
10. Dermatologist
(911,678 ETB per year, pre-tax.)
Data as of 2025Random salary:
Kennel cleaner (40,916 ETB per year, pre-tax.)
Speech-language pathology assistant (slpa) (91,516 ETB per year, pre-tax.)
Interior architect (86,480 ETB per year, pre-tax.)
Respiratory therapy manager (173,280 ETB per year, pre-tax.)
Perishables manager (53,941 ETB per year, pre-tax.)
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Salary details displayed on optisalary.com are meant for reference purposes only. Our data is sourced through various inputs and may not necessarily be up to date. Users must verify salary information through other means before making employment decisions. The figures listed here may fluctuate due to variables such as company policies, experience levels, and demand shifts. We cannot warrant that the data displayed is flawless. By accessing optisalary.com, you accept that salary information is presented 'as is' and without warranties.