Mortgage Processing Manager Salary

Just under three-fifths 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 $41K to $83K per year, and the average comes out to $57K annually. Most Mortgage Processing Managers survey respondents are women (78 percent). Most report receiving medical coverage from their employers and a strong majority collect dental insurance. Work is enjoyable for Mortgage Processing Managers, who typically claim high levels of job satisfaction.

$38,989 - $79,950
(Median)
$39K
$57K
$80K
MEDIAN: $56,596
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
$38,989 - $79,950  
   
Bonus
$0.00 - $10,287  
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).
)
$40,949 - $83,075  
Country: United States | Currency: USD | Updated: 2 Jul 2015 | Individuals Reporting: 187
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 - $10,287  
   
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).
)
$40,949 - $83,075  
Country: United States | Currency: USD | Updated: 2 Jul 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 typically report just a few professional skills. Loan Processing and Mortgage Loans 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.


Relatively untried employees who have less than five years' experience make $51K, but folks with five to 10 years under their belts enjoy an appreciably larger median of $56K. Mortgage Processing Managers claiming one to two decades of experience make an estimated median of $61K. Mortgage Processing Managers who have racked up more than two decades of experience report lower incomes overall; the average sum for this crowd comes out to only $59K.

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Experience Affects Mortgage Processing Manager Salaries

Experienced
up arrow 5%

Late-Career
up arrow 1%

National Average
$58,000

Mid-Career
up arrow 4%

Entry-Level
up arrow 12%

Skills That Affect Mortgage Processing Manager Salaries

Loan Processing
up arrow 7%

Mortgage Loans
up arrow 3%

National Average
$58,000

Job Satisfaction

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

Gender

Female
78 %
Male
22 %

Years of Experience

Less than 1 year
1%
1-4 years
19%
5-9 years
22%
10-19 years
44%
20 years or more
15%

Common Health Benefits

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