Mortgage Processing Manager Salary

Mortgage Processing Managers in the United States tend to be well-versed in their field, and slightly less than two-thirds have more than 10 years of experience. Average salary is expected to be around $61K annually, but may range from $45K to $89K per year. Men are in the minority of survey respondents, with female Mortgage Processing Managers making up 77 percent. Most Mortgage Processing Managers like their work and job satisfaction is high. Most enjoy medical while a strong majority get dental coverage. Vision coverage is also available to a fair number. The figures in this rundown are based on the results of PayScale's salary questionnaire.

$44,733 - $80,680
$45K
$61K
$81K
MEDIAN: $61,115
10%
50%
90%

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$14.90 - $26.43
$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
$44,733 - $80,680  
   
Bonus
$1,531 - $20,273  
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).
)
$44,723 - $89,077  
Country: United States | Currency: USD | Updated: 25 Mar 2017 | Individuals Reporting: 126
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
$14.90 - $26.43  
   
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
$1,531 - $20,273  
   
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).
)
$44,723 - $89,077  
Country: United States | Currency: USD | Updated: 25 Mar 2017 | Individuals Reporting: 12

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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

Pay by Experience for a Mortgage Processing Manager has a positive trend. An entry-level Mortgage Processing Manager with less than 5 years of experience can expect to earn an average total compensation of $61,000 based on 31 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Mortgage Processing Manager with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $61,000 based on 39 salaries. An experienced Mortgage Processing Manager which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $70,000 based on 69 salaries. A Mortgage Processing Manager with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $63,000 based on 28 salaries.

Related Job Salaries

Key Stats for Mortgage Processing Manager

Gender

Female
77 %
Male
23 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 20 votes.
Less than 1 year
3%
1-4 years
15%
5-9 years
17%
10-19 years
44%
20 years or more
20%
Location:
Years in Fields/Career:
United States (change)

Experience Affects Mortgage Processing Manager Salaries

▲9%

National Average
$65,000

Late-Career
▼3%

Mid-Career
▼6%

Entry-Level
▼6%

Skills That Affect Mortgage Processing Manager Salaries

National Average
$65,000


Loan Processing
▼9%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 20 votes.

Gender

Female
77 %
Male
23 %

Years of Experience

Less than 1 year
3%
1-4 years
15%
5-9 years
17%
10-19 years
44%
20 years or more
20%

Common Health Benefits

medical benefits
Medical: 87%
dental benefits
Dental: 79%
vision benefits
Vision: 74%
no benefits
None: 12%
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