Mortgage Loan Processor Salary (United States)

The average pay for a Mortgage Loan Processor is $36,671 per year. A skill in Loan Underwriting is associated with high pay for this job. Most people move on to other jobs if they have more than 20 years' experience in this career.
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.
)
$26,588 - $47,952
(Median)
27K
31K
37K
42K
48K
MEDIAN: $36,670
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.
)
$10.86 - $20.25
(Median)
11
13
15
18
20
MEDIAN: $15.00
10%
25%
50%
75%
90%
Add this chart to your site

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
$26,588 - $47,952  
   
Bonus
$0.00 - $7,752  
Profit Sharing
$489.36 - $6,128  
Commission
$515 - $11,920  
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).
)
$25,089 - $48,769  
PayScale
Country: United States | Currency: USD | Updated: 11 Jun 2014 | Individuals Reporting: 1,958
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
$10.86 - $20.25  
   
Overtime
$15.44 - $31.03  
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 - $7,752  
   
Commission
$515 - $11,920  
Profit Sharing
$489.36 - $6,128  
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).
)
$25,089 - $48,769  
PayScale
Country: United States | Currency: USD | Updated: 11 Jun 2014 | Individuals Reporting: 1,958
Is Mortgage Loan Processor your job title? Get a personalized salary report!
Location:
United States (change)
Years in Field/Career:
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.
Common Career Paths for Mortgage Loan Processor

Mortgage Loan Processor Job Listings

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Popular Employer Salaries for Mortgage Loan Processor
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
up arrow 14%
Tampa
up arrow 14%
up arrow 12%
Atlanta
up arrow 11%
Houston
up arrow 11%
up arrow 7%
Oklahoma City
up arrow 4%
Charlotte
up arrow 1%
Pittsburgh
0%
National Average
$36,000
Minneapolis
up arrow 1%
Cleveland
up arrow 2%
St. Louis
up arrow 10%
Larger circles over a city indicate a job is popular in that location.
Related Job Salaries

Experience Affects Mortgage Loan Processor Salaries

National Average
$36,000

Skills That Affect Mortgage Loan Processor Salaries

Loan Underwriting
up arrow 12%
Data Analysis
up arrow 9%
National Average
$36,000
Data Entry
up arrow 32%
Job Satisfaction
Highly satisfied Image
Highly satisfied
Rated 4 out of 5 based on 302 votes.
Gender
Female
80%
female alumni
 
Male
20%
male alumni
Years of Experience
Less than 1 year
7%
1-4 years
42%
5-9 years
23%
10-19 years
20%
20 years or more
8%
Common Health Benefits
medical benefits Medical: 76% dental benefits Dental: 65%
vision benefits Vision: 49% employee benefits None: 21%
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