Mortgage Processing Manager Salary

Mortgage Processing Managers in the United States tend to have a good amount of experience under their belt — close to three-fifths have more than 10 years in the field. While pay runs from $42K to $84K per year, median earnings come to $58K annually. Most enjoy medical while a strong majority get dental coverage. Vision coverage is also available to more than half. The vast majority (81 percent) of Mortgage Processing Managers who took the survey are female. Most Mortgage Processing Managers report high levels of job satisfaction.

$39,697 - $80,399
(Median)
$40K
$58K
$80K
MEDIAN: $57,714
10%
50%
90%

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$9.30 - $28.12
(Median)
$9
$20
$28
MEDIAN: $20
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$28K$56K$84K
Salary
$39,697 - $80,399  
   
Bonus
$0.00 - $12,017  
Profit Sharing
$1,000  
Commission
$8,000  
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).
)
$41,542 - $83,514  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 198
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$14$28$42
Hourly Rate
$9.30 - $28.12  
   
Overtime
$15.75  
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$28K$56K$84K
Bonus
$0.00 - $12,017  
   
Commission
$8,000  
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).
)
$41,542 - $83,514  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 13
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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

  • 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.

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Just a handful of professional skills are reported by Mortgage Processing Managers who took the survey. Mortgage Loans and Loan Processing are considered valuable skills and can increase employee pay.

Pay by Experience Level for Mortgage Processing Manager

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


The average worker who claims fewer than five years of experience earns around $52K. In contrast, however, individuals who report five to 10 years in this occupation see a much larger median of $58K. Mortgage Processing Managers with one to two decades of relevant experience report an average salary of approximately $64K. Survey participants with more than two decades under their belts actually report earning less than people with less experience; the former take home only $63K on average.

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Experience Affects Mortgage Processing Manager Salaries

Experienced
up arrow 8%

Late-Career
up arrow 6%

National Average
$59,000

Mid-Career
up arrow 2%

Entry-Level
up arrow 13%

Skills That Affect Mortgage Processing Manager Salaries

Mortgage Loans
0%

National Average
$59,000

Loan Processing
up arrow 1%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 31 votes.

Gender

Female
81 %
Male
19 %

Years of Experience

Less than 1 year
2%
1-4 years
16%
5-9 years
21%
10-19 years
45%
20 years or more
15%

Common Health Benefits

medical benefits
Medical: 80%
dental benefits
Dental: 75%
medical benefits
Vision: 59%
dental benefits
None: 17%
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