Mortgage Processing Manager Salary

Mortgage Processing Managers in the United States tend to have a good amount of experience under their belt — slightly less than three-fifths have more than 10 years in the field. While pay runs from $41K to $82K per year, median earnings come to $56K per year. Medical benefits are awarded to a large number, and a fair number earn dental coverage. Most Mortgage Processing Managers report high levels of job satisfaction. Most Mortgage Processing Managers survey respondents are women (76 percent).

$38,515 - $79,418
(Median)
$39K
$56K
$79K
MEDIAN: $56,031
10%
50%
90%

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$14.54 - $25.76
(Median)
$15
$20
$26
MEDIAN: $19.00
10%
50%
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
$38,515 - $79,418  
   
Bonus
$0.00 - $10,268  
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).
)
$40,565 - $82,324  
Country: United States | Currency: USD | Updated: 31 Mar 2015 | Individuals Reporting: 172
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
$14.54 - $25.76  
   
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 - $10,268  
   
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).
)
$40,565 - $82,324  
Country: United States | Currency: USD | Updated: 31 Mar 2015 | Individuals Reporting: 15

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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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Survey takers who work as Mortgage Processing Managers report a focused set of job skills. Loan Processing and Mortgage Loans are considered valuable skills and can increase employee pay by 14 percent and 4 percent, respectively. Experience with Loan Processing is often linked with knowledge of Mortgage Loans.

Pay by Experience Level for Mortgage Processing Manager

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


The average beginner in this position makes around $50K, but folks who have been around for five to 10 years see a markedly higher median salary of $55K. For Mortgage Processing Managers, 10 to 20 years of experience on the job amounts to an average salary of $60K. Survey participants with more than two decades under their belts actually report earning less than people with less experience; the former take home only $57K on average.

Related Job Salaries

United States (change)

Experience Affects Mortgage Processing Manager Salaries

Experienced
up arrow 6%

Late-Career
0%

National Average
$57,000

Mid-Career
up arrow 3%

Entry-Level
up arrow 13%

Skills That Affect Mortgage Processing Manager Salaries

Loan Processing
up arrow 14%

Mortgage Loans
up arrow 4%

National Average
$57,000

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 33 votes.

Gender

Female
76 %
Male
24 %

Years of Experience

Less than 1 year
1%
1-4 years
19%
5-9 years
21%
10-19 years
44%
20 years or more
14%

Common Health Benefits

medical benefits Medical: 82% dental benefits Dental: 76%
vision benefits Vision: 59% employee benefits None: 15%