The average pay for a Mortgage Loan Processor is $35,789 per year. The highest paying skills associated with this job are Loan Underwriting and Data Analysis. Most people move on to other jobs if they have more than 20 years' experience in this field.
Mortgage Loan Processor Total Pay (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$25,899 - $47,020
(Median)
26K
30K
36K
41K
47K
MEDIAN: $35,788
10%
25%
50%
75%
90%
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Mortgage Loan Processor Total Pay (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$10.67 - $20.18
(Median)
11
13
15
17
20
MEDIAN: $15.00
10%
25%
50%
75%
90%
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National Salary Data

 (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$17K$34K$51K
Salary
$25,899 - $47,020  
   
Bonus
$0.00 - $8,169  
Profit Sharing
$304.10 - $7,102  
Commission
$507 - $13,591  
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
$24,775 - $48,660  
PayScale
Country: United States | Currency: USD | Updated: 17 Apr 2014 | Individuals Reporting: 2,035
National Hourly Rate Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$11$22$33
Hourly Rate
$10.67 - $20.18  
   
Overtime
$15.40 - $30.89  
National Annualized Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$22K$44K$66K
Bonus
$0.00 - $8,169  
   
Commission
$507 - $13,591  
Profit Sharing
$304.10 - $7,102  
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
$24,775 - $48,660  
PayScale
Country: United States | Currency: USD | Updated: 17 Apr 2014 | Individuals Reporting: 2,035
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Mortgage Loan Processor Job Listings

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Popular Employer Salaries for Mortgage Loan Processor
Job Description for Mortgage Loan Processor
  • Prepare loan request papers and related documents then forward to appraisal department.
  • Review loan documents and complete transactions between loan establishment, borrowers, and sellers upon approval of loan.
  • Interview loan applicants, investigate applicants' backgrounds and verify references.
Popular Skills for Mortgage Loan Processor
Pay by Experience Level for Mortgage Loan Processor
Median of all compensation (including tips, bonus, and overtime) by years of experience.
Pay Difference By Location
Cincinnati
up arrow 20%
Atlanta
up arrow 16%
Denver
up arrow 15%
up arrow 13%
Tampa
up arrow 12%
up arrow 11%
up arrow 10%
Minneapolis
up arrow 2%
Seattle
up arrow 2%
Charlotte
up arrow 1%
National Average
$35,000
Cleveland
up arrow 2%
San Antonio
up arrow 3%
St. Louis
up arrow 7%
Larger circles over a city indicate a job is popular in that location.
Related Job Salaries

Experience Affects Mortgage Loan Processor Salaries

National Average
$35,000

Skills That Affect Mortgage Loan Processor Salaries

Loan Underwriting
up arrow 13%
Data Analysis
up arrow 11%
National Average
$35,000
Data Entry
up arrow 31%
Job Satisfaction
Highly satisfied Image
Highly satisfied
Rated 4 out of 5 based on 292 votes.
Gender
Female
81%
female alumni
 
Male
19%
male alumni
Years of Experience
Less than 1 year
7%
1-4 years
42%
5-9 years
24%
10-19 years
20%
20 years or more
7%
Common Health Benefits
medical benefits Medical: 75% dental benefits Dental: 64%
vision benefits Vision: 48% employee benefits None: 23%
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