Salary for Mortgage Loan Processor Jobs

Updated: 11 Feb 2012
United States » Job » Mortgage Loan Processor Overview » Mortgage Loan Processor Salary
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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$17K$34K$51K
Salary$24,923 - $46,351  
   
Bonus$102.84 - $9,875  
Profit Sharing$391.49 - $8,741  
Commission$698 - $20,608  
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).
)
$23,929 - $48,078  
PayScale
Country: United States | Currency: USD | Updated: 11 Feb 2012 | Individuals Reporting: 1,175
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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
Metlife Home LoansNot enough data
Popular Industries

Salary Range

Mortgage Lending / Loans / Credit Products$26,212 - $48,425
Banking$26,355 - $48,323
Mortgage Broker$23,902 - $47,328
Financial Services$26,817 - $48,987
Credit Union$26,031 - $45,778

key statistics
Key Statistics for Mortgage Loan Processor Jobs

Gender
Female
81%
female alumni
 
Male
19%
male alumni
Salary:$29,220 - $39,411 $29,862 - $40,326
Years of Experience
Less than 1 year
7%
1-4 years
44%
5-9 years
25%
10-19 years
18%
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

$23,929 - $48,078
payscale
Loan Processor
$21,557 - $48,835
Customer Service Representative (CSR)
$19,288 - $42,605
Bank Teller
$17,364 - $28,765
 
Common Future Jobs

Mortgage Loan Processor

Salary Range

$23,929 - $48,078
payscale
Senior Mortgage Loan Processor
$30,719 - $63,403
Loan Underwriter, Mortgage
$34,099 - $80,110
Administrative Assistant
$21,038 - $43,814
 

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.

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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