About two in three of Mortgage Processing Managers in the United States are seasoned employees who have more than 10 years of experience in the field. Pay ranges from $44K to $88K per year, and the average comes out to $60K per year. Job satisfaction for Mortgage Processing Managers is high. Medical benefits are awarded to a large number, and a fair number earn dental coverage. Respondents to the PayScale salary survey provided the data for this report.

$44,307 - $80,153
$44K
$60K
$80K
MEDIAN: $60,115
10%
50%
90%

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$15.00 - $26.01
$15
$22
$26
MEDIAN: $21.99
10%
50%
90%

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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$30K$60K$90K
Salary
$44,307 - $80,153  
   
Bonus
$1,568 - $19,866  
Profit Sharing
$1,000  
Commission
$18,000  
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).
)
$44,193 - $87,866  
Country: United States | Currency: USD | Updated: 18 Jan 2017 | Individuals Reporting: 133
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$15$30$45
Hourly Rate
$15.00 - $26.01  
   
Overtime
$15.00  
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$30K$60K$90K
Bonus
$1,568 - $19,866  
   
Commission
$18,000  
Profit Sharing
$1,000  
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).
)
$44,193 - $87,866  
Country: United States | Currency: USD | Updated: 18 Jan 2017 | Individuals Reporting: 14

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United States (change)

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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

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

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Pay by Experience Level for Mortgage Processing Manager

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


The average inexperienced worker earns $60K, and someone who has worked for five to 10 years can expect a bigger median salary of $57K. Mortgage Processing Managers see a median salary of $68K after reaching one to two decades on the job. Respondents who boast more than 20 years of experience can't seem to boast paychecks reflecting that extensive experience, though; veteran Mortgage Processing Managers report making only $62K on average.

Related Job Salaries

Key Stats for Mortgage Processing Manager

Gender

Female
79 %
Male
21 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 22 votes.
044
Less than 1 year
2%
1-4 years
14%
5-9 years
18%
10-19 years
45%
20 years or more
21%
Location:
Years in Fields/Career:
United States (change)

Experience Affects Mortgage Processing Manager Salaries

Experienced
up arrow 8%

National Average
$63,000

Late-Career
up arrow 2%

Entry-Level
up arrow 6%

Mid-Career
up arrow 9%

Skills That Affect Mortgage Processing Manager Salaries

National Average
$63,000


Loan Processing
up arrow 7%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 22 votes.

Gender

Female
79 %
Male
21 %

Years of Experience

Less than 1 year
2%
1-4 years
14%
5-9 years
18%
10-19 years
45%
20 years or more
21%

Common Health Benefits

medical benefits
Medical: 86%
dental benefits
Dental: 78%
vision benefits
Vision: 72%
dental benefits
None: 13%
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