Executives at independent mortgage banks saw their average annual compensation remain largely flat in 2024 compared to the previous year, according to filings with the Securities and Exchange Commission.
Some IMB leaders saw their pay rise or dip slightly due to stock awards received in 2024 — or a lack of them compared to 2023.
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However, a few standout executives, including CEOs and presidents, reported eye-catching compensation packages. One CEO earned $26 million in 2024, a 665% increase from the year before. The executive began the role in mid-2023, which may explain the sharp increase in pay.
Another CEO, who leads a publicly traded real estate investment firm and topped the compensation list in 2023, did so again in 2024 with $21 million in earnings.
Scroll through to see what the top mortgage executives were paid in 2024 and how their compensation changed from the previous year.
