Mortgage Banker Salary at Mayfresh Mortgage Bank Ltd BETA

How much does a Mayfresh Mortgage Bank Ltd Mortgage Banker make?

As of April 2025, the average annual salary for a Mortgage Banker at Mayfresh Mortgage Bank Ltd is $110,848, which translates to approximately $53 per hour. Salaries for Mortgage Banker at Mayfresh Mortgage Bank Ltd typically range from $104,847 to $115,722, reflecting the diverse roles within the company.

It's essential to understand that salaries can vary significantly based on factors such as geographic location, departmental budget, and individual qualifications. Key determinants include years of experience, specific skill sets, educational background, and relevant certifications. For a more tailored salary estimate, consider these variables when evaluating compensation for this role.

DISCLAIMER: The salary range presented here is an estimation that has been derived from our proprietary algorithm. It should be noted that this range does not originate from the company's factual payroll records or survey data.

Mayfresh Mortgage Bank Ltd Overview

Website:
mayfreshmortgagebankltd.com
Size:
<25 Employees
Revenue:
$5M - $10M
Industry:
Financial Services

BRIEF HISTORY OF MAYFRESH MORTGAGE BANK LTD. The Bank (Mayfresh Mortgage Bank Ltd) was incorporated on October 22, 1993 and licensed to commence Mortgage Banking by the Federal Ministry of Works and Housing on April 27, 1995. The PMI has its Registered Head office at 83 Aba-Owerri Road, Umungasi, Aba, Abia State with offices in 20 locations across the country including, Aba, Lagos, Abuja, Umuahia,Abakiliki and Enugu. The PMI has an Authorized Share Capital of N5 Billion, Paid-Up Capital of N3.64 billion and Shareholders Funds of N6.62 billion as at December 31, 2016. the total Assets stood at N9.92 billion for the same reporting period. To be one of the foremost Mortgage Banks whose products and services create positive impact in the lives of the citizenry especially the lower strata of the society which constitute the vast majority of the Nigerian populace, while at the same time meeting our corporate responsibility of offering appreciable returns to our investors. To grow into a mega Mortgage Bank and carving out a niche for ourselves in the area of good market share through effective and efficient service delivery using our network of branches so that we can be second to none in the country. The Registered Head office of the bank is located at 83 Aba-Owerri Road,Aba, Abia State with offices located in the different parts of Nigeria as detailed below: 1. Umungasi Branch 83 Aba-Owerri Road (Ground and 1st floor) Aba, Abia State. 2. Asa Road Branch 95 Asa Road Aba, Abia State. 3. Main Market Branch 3A Johnson Street Main Market Onitsha, Anambra State. 4. Atani Branch 10A Atani Road Onitsha, Anambra State. 5. Nkpor Branch KM3 Onitsha/Enugu Express way Nkpor, Onitsha, Anambra State. 6. Broad Street Branch 139 Broad Street, Marina, Lagos State. 7. Aspamda Branch Trade Fair Complex, Zone A, Beside Block 13, Aspamda Plaza Lagos State. 8. Okija Branch Madonna University, Okija, Anambra State 11. Garki Branch, Block D84/85 Area 11 Shopping Complex, Ahmadu Bello way Area 11 Garki FCT Abuja. 13. Awka Branch, 100 ...

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What Skills Does a person Need at Mayfresh Mortgage Bank Ltd?

At Mayfresh Mortgage Bank Ltd, specify the abilities and skills that a person needs in order to carry out the specified job duties. Each competency has five to ten behavioral assertions that can be observed, each with a corresponding performance level (from one to five) that is required for a particular job.

  1. Mortgage Loans: A mortgage loan or, simply, mortgage (/ˈmɔːrɡɪdʒ/) is used either by purchasers of real property to raise funds to buy real estate, or alternatively by existing property owners to raise funds for any purpose, while putting a lien on the property being mortgaged. The loan is "secured" on the borrower's property through a process known as mortgage origination. This means that a legal mechanism is put into place which allows the lender to take possession and sell the secured property ("foreclosure" or "repossession") to pay off the loan in the event the borrower defaults on the loan or otherwise fails to abide by its terms. The word mortgage is derived from a Law French term used in Britain in the Middle Ages meaning "death pledge" and refers to the pledge ending (dying) when either the obligation is fulfilled or the property is taken through foreclosure. A mortgage can also be described as "a borrower giving consideration in the form of a collateral for a benefit (loan)".
  2. Underwriting: Underwriting services are provided by some large financial institutions, such as banks, or insurance or investment houses, whereby they guarantee payment in case of damage or financial loss and accept the financial risk for liability arising from such guarantee. An underwriting arrangement may be created in a number of situations including insurance, issue of securities in a public offering, and bank lending, among others. The person or institution that agrees to sell a minimum number of securities of the company for commission is called the underwriter. The name derives from the Lloyd's of London insurance market. Financial bankers, who would accept some of the risk on a given venture (historically a sea voyage with associated risks of shipwreck) in exchange for a premium, would literally write their names under the risk information that was written on a Lloyd's slip created for this purpose.
  3. Customer Service: Customer service is the provision of service to customers before, during and after a purchase. The perception of success of such interactions is dependent on employees "who can adjust themselves to the personality of the guest". Customer service concerns the priority an organization assigns to customer service relative to components such as product innovation and pricing. In this sense, an organization that values good customer service may spend more money in training employees than the average organization or may proactively interview customers for feedback. From the point of view of an overall sales process engineering effort, customer service plays an important role in an organization's ability to generate income and revenue. From that perspective, customer service should be included as part of an overall approach to systematic improvement. One good customer service experience can change the entire perception a customer holds towards the organization.
  4. Mortgage Lending: A mortgage loan is a secured loan that allows you to avail funds by providing an immovable asset, such as a house or commercial property, as collateral to the lender.
  5. Mortgage Banking: Mortgage banking generally involves loan originations as well as purchases and sales of loans through the secondary mortgage market. A bank engaged in mortgage banking may retain or sell loans it originates or purchases from affiliates, brokers, or correspondents.

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Check more jobs information at Mayfresh Mortgage Bank Ltd

Job Title Average Mayfresh Mortgage Bank Ltd Salary Hourly Rate
2 Marketing Officer $63,537 $31
3 Chief Accountant $73,507 $35
4 Customer Service Officer $51,516 $25
5 Accountant $73,507 $35
6 Banker $83,237 $40
7 Relationship Banker $83,237 $40

Hourly Pay at Mayfresh Mortgage Bank Ltd

The average hourly pay at Mayfresh Mortgage Bank Ltd for a Mortgage Banker is $53 per hour. The location, department, and job description all have an impact on the typical compensation for Mayfresh Mortgage Bank Ltd positions. The pay range and total remuneration for the job title are shown in the table below. Mayfresh Mortgage Bank Ltd may pay a varying wage for a given position based on experience, talents, and education.
How accurate does $110,848 look to you?

FAQ about Salary and Jobs at Mayfresh Mortgage Bank Ltd

1. How much does Mayfresh Mortgage Bank Ltd pay per hour?
The average hourly pay is $53. The salary for each employee depends on several factors, including the level of experience, work performance, certifications and skills.
2. What is the highest salary at Mayfresh Mortgage Bank Ltd?
According to the data, the highest approximate salary is about $115,722 per year. Salaries are usually determined by comparing other employees’ salaries in similar positions in the same region and industry.
3. What is the lowest pay at Mayfresh Mortgage Bank Ltd?
According to the data, the lowest estimated salary is about $104,847 per year. Pay levels are mainly influenced by market forces, supply and demand, and social structures.
4. What steps can an employee take to increase their salary?
There are various ways to increase the wage. Level of education: An employee may receive a higher salary and get a promotion if they obtain advanced degrees. Experience in management: an employee with supervisory experience can increase the likelihood to earn more.