A Mortgage Loan Processor at Bank of America Corp. (BOFA) earns an average salary of $45,471 per year. Most people with this job move on to other positions after 10 years in this field.

$36,145 - $53,262
$36K
$45K
$53K
MEDIAN: $45,471
10%
50%
90%

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$18.55 - $23.03
$22
MEDIAN: $21.00
50%

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National Salary Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$19K$38K$57K
Salary
$36,145 - $53,262  
   
Bonus
$3,350  
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).
)
$36,879 - $55,686  
Country: United States | Currency: USD | Updated: 19 Jan 2017 | Individuals Reporting: 11
National Hourly Rate Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$12$24$36
Hourly Rate
$21.64  
   
Overtime
$33.86  
National Annualized Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$19K$38K$57K
Bonus
$3,350  
   
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).
)
$36,879 - $55,686  
Country: United States | Currency: USD | Updated: 19 Jan 2017 | Individuals Reporting: 7

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Key Stats for Mortgage Loan Processor

Gender

Female
69 %
Male
31 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 3 votes.
1-4 years
39%
5-9 years
39%
10-19 years
6%
20 years or more
17%
Location:
Years in Fields/Career:
United States (change)

Experience Affects Mortgage Loan Processor Salaries

Entry-Level
up arrow 3%

Mid-Career
up arrow 1%

National Average
$47,000

Skills That Affect Mortgage Loan Processor Salaries

Loan Processing
up arrow 2%

Loan Documents
up arrow 2%

Mortgage Loans
up arrow 2%

National Average
$47,000

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 3 votes.

Gender

Female
69 %
Male
31 %

Years of Experience

1-4 years
39%
5-9 years
39%
10-19 years
6%
20 years or more
17%

Common Health Benefits

medical benefits
Medical: 89%
dental benefits
Dental: 89%
vision benefits
Vision: 83%
dental benefits
None: 11%
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