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Mortgage Processing Manager Salary

Mortgage Processing Managers in the United States tend to be well-versed in their field, and nearly three in five have more than 10 years of experience. Average salary is expected to be around $56K annually, but may range from $39K to $82K per year. Most Mortgage Processing Managers survey respondents are women (75 percent). Medical and dental benefits are awarded to most, and more than half earn vision coverage. Job satisfaction for Mortgage Processing Managers is high.
$37,428 - $78,832
(Median)
37K
47K
56K
67K
79K
MEDIAN: $55,552
10%
25%
50%
75%
90%

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$12.00 - $25.80
(Median)
12
17
19
21
26
MEDIAN: $19.00
10%
25%
50%
75%
90%

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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$28K$56K$84K
Salary
$37,428 - $78,832  
   
Bonus
$0.00 - $10,335  
Profit Sharing
$250.00 - $4,500  
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).
)
$38,746 - $82,203  
Country: United States | Currency: USD | Updated: 11 Dec 2014 | Individuals Reporting: 174
National Hourly Rate 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$14$28$42
Hourly Rate
$12.00 - $25.80  
   
National Annualized 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$28K$56K$84K
Bonus
$0.00 - $10,335  
   
Profit Sharing
$250.00 - $4,500  
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).
)
$38,746 - $82,203  
Country: United States | Currency: USD | Updated: 11 Dec 2014 | Individuals Reporting: 14
United States (change)

Job Description for Mortgage Processing Manager

A mortgage processing manager is primarily responsible for supervising lenders who are processing mortgage loan applications and ensuring compliance with various regulations. This type of position is found in agencies such as banks, credit unions, or lending companies and will typically keep daytime office hours. However, additional hours may be necessary at various times. This type of position typically requires a bachelor’s degree and at least five years of experience within the mortgage loan processing industry. Processional licensing in mortgage loans is also required.

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Mortgage Processing Manager Tasks

  • Hire, train, evaluate, and discipline lending staff.
  • Develop and implement strategies to improve loan department efficiency and meet sales targets.
  • Supervise lenders processing loan applications, managework flow, and ensure compliance with regulations.
  • Generate new business through sales outreach.

Lending Manager Job Listings

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Mortgage Processing Managers note just a narrow range of job skills. Loan Processing and Mortgage Loans are considered valuable skills and can increase employee pay by 14 percent and 5 percent, respectively. It is not unusual for someone who knows Loan Processing to be familiar with Mortgage Loans as well.

Pay by Experience Level for Mortgage Processing Manager

Median of all compensation (including tips, bonus, and overtime) by years of experience.


Respondents with less than five years' experience take home $48K on average. In contrast, those who have been around for five to 10 years earn a noticeably higher average of $57K. Mortgage Processing Managers see a median salary of $60K after reaching one to two decades on the job. For some reason, Mortgage Processing Managers with more than two decades of experience report lower paychecks overall; the median sum in this group sits near $56K.

Related Job Salaries

Experience Affects Mortgage Processing Manager Salaries

Experienced
up arrow 6%

National Average
$57,000

Mid-Career
up arrow 1%

Late-Career
up arrow 1%

Entry-Level
up arrow 15%

Skills That Affect Mortgage Processing Manager Salaries

Loan Processing
up arrow 14%

Mortgage Loans
up arrow 5%

National Average
$57,000

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 32 votes.

Gender

Female
75 %
Male
25 %

Years of Experience

Less than 1 year
1%
1-4 years
20%
5-9 years
20%
10-19 years
43%
20 years or more
15%

Common Health Benefits

medical benefits Medical: 82% dental benefits Dental: 78%
vision benefits Vision: 59% employee benefits None: 14%