Average Mid-Career Mortgage Loan Processor Salary at Bank of America Corp. (BOFA)

$47,500
Avg. Base Salary (USD)

The average salary for a Mortgage Loan Processor is $47,500 in 2024

Base Salary
$0 - $48k
Bonus
$0 - $3k
Total Pay
$42k - $59k
Is Average Mid-Career Mortgage Loan Processor Salary at Bank of America Corp. (BOFA) your job title? Find out what you should be paid
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What Do Mortgage Loan Processors Do?

Mortgage Loan Processor Tasks
  • Interview loan applicants, investigate applicants' backgrounds and verify references.
  • Review loan documents and complete transactions between loan establishment, borrowers, and sellers upon approval of loan.
  • Prepare loan request papers and related documents then forward to appraisal department.
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FAQs About Mortgage Loan Processors

What is the highest pay for Mortgage Loan Processors?

Our data indicates that the highest pay for a Mortgage Loan Processor is $NaN / year

What is the lowest pay for Mortgage Loan Processors?

Our data indicates that the lowest pay for a Mortgage Loan Processor is $NaN / year

How can Mortgage Loan Processors increase their salary?

Increasing your pay as a Mortgage Loan Processor is possible in different ways. Change of employer: Consider a career move to a new employer that is willing to pay higher for your skills. Level of Education: Gaining advanced degrees may allow this role to increase their income potential and qualify for promotions. Managing Experience: If you are a Mortgage Loan Processor that oversees more junior Mortgage Loan Processors, this experience can increase the likelihood to earn more.