Salary for Mortgage Loan Processor Jobs

Updated: 31 Jan 2012
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National Salary Data

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$16K$32K$48K
Salary$24,762 - $45,450  
   
Bonus$199.83 - $9,936  
Profit Sharing$391.49 - $8,741  
Commission$698 - $14,676  
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).
)		$23,888 - $47,504  
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Country: United States | Currency: USD | Updated: 31 Jan 2012 | Individuals Reporting: 1,145
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Companies and Industries for Mortgage Loan Processor Jobs

Popular Employers

Salary Range
Bank of America Corp. (BOFA)$29,934 - $47,500
Wells Fargo Home Mortgage$17,362 - $50,806
J.P. Morgan Chase & Co. (JPMCC)$24,747 - $43,670
Wells Fargo Bank$35,375 - $41,627
Citigroup, Inc.Not enough data
Popular Industries

Salary Range
Mortgage Lending / Loans / Credit Products$26,173 - $47,778
Banking$26,325 - $47,672
Mortgage Broker$23,838 - $46,703
Financial Services$26,783 - $48,330
Credit Union$25,997 - $45,179

key statistics
Key Statistics for Mortgage Loan Processor Jobs

Gender
Female
81%
female alumni
  
Male
19%
male alumni
Salary:$29,036 - $38,949 $29,813 - $40,153
Years of Experience
Less than 1 year
7%
1-4 years
44%
5-9 years
26%
10-19 years
17%
20 years or more
6%
Most Common Health Benefits
medical benefits Medical: 72% dental benefits Dental: 61%
vision benefits Vision: 45% employee benefits None: 26%

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career path
Career Path for Mortgage Loan Processor Jobs

Common Past Jobs
Common Future Jobs

Mortgage Loan Processor

Salary Range

$23,888 - $47,504
payscale
Loan Processor
$21,543 - $48,817
Customer Service Representative (CSR)
$19,280 - $42,577
Bank Teller
$17,366 - $28,762
 
Common Past Jobs
Common Future Jobs

Mortgage Loan Processor

Salary Range

$23,888 - $47,504
payscale
Senior Mortgage Loan Processor
$30,693 - $63,585
Loan Underwriter, Mortgage
$34,079 - $80,296
Administrative Assistant
$21,033 - $43,800
 

career path
Salary Map for Mortgage Loan Processor Jobs

Highest Salaries By City for Mortgage Loan Processor Jobs

Top Cities by Popularity for Mortgage Loan Processor Jobs

Highest Salaries By City Top Cities by Popularity

sample job description
Mortgage Loan Processor Job Description

People with the job title Mortgage Loan Processor typically fall into one of the following PayScale standard occupations.

Loan Interviewers and Clerks
Interview loan applicants to elicit information; investigate applicants' backgrounds and verify references; prepare loan request papers; and forward findings, reports, and documents to appraisal department. Review loan papers to ensure completeness, and complete transactions between loan establishment, borrowers, and sellers upon approval of loan.

See Sample Job Descriptions for All Jobs

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