Mortgage Loan Processor at Bank of America Corp. (BOFA) Salary

A Mortgage Loan Processor at Bank of America Corp. (BOFA) earns an average salary of $45,734 per year. Most people with this job move on to other positions after 10 years in this field.

$42,115 - $49,480
$46K
MEDIAN: $45,734
50%

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$18.55 - $23.03
$22
MEDIAN: $21.64
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
$45,734  
   
Bonus
$2,800  
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).
)
$39,160 - $55,941  
Country: United States | Currency: USD | Updated: 25 Mar 2017 | Individuals Reporting: 8
© PayScale, Inc. @ www.payscale.com
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$13$26$39
Hourly Rate
$21.64  
   
Overtime
$34.00  
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
$2,800  
   
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).
)
$39,160 - $55,941  
Country: United States | Currency: USD | Updated: 25 Mar 2017 | Individuals Reporting: 7
© PayScale, Inc. @ www.payscale.com

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Key Stats for Mortgage Loan Processor

Gender

Female
64 %
Male
36 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 3 votes.
1-4 years
47%
5-9 years
40%
20 years or more
13%
Location:
Years in Fields/Career:
United States (change)

Experience Affects Mortgage Loan Processor Salaries

▲6%

Entry-Level
▲2%

National Average
$48,000

Skills That Affect Mortgage Loan Processor Salaries


Loan Documents
▲2%

Mortgage Loans
▲2%

National Average
$48,000

Job Satisfaction

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

Gender

Female
64 %
Male
36 %

Years of Experience

1-4 years
47%
5-9 years
40%
20 years or more
13%

Common Health Benefits

medical benefits
Medical: 87%
dental benefits
Dental: 87%
vision benefits
Vision: 80%
dental benefits
None: 13%
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