The median total income of Mortgage Processing Managers is around $61K, and for the average worker in this area, a good chunk of that (just under a third, in fact) comes from commissions. For the most part, Mortgage Processing Managers enjoy their work and report high levels of job satisfaction. Medical benefits are awarded to a large number, and a fair number earn dental coverage.

$44,590 - $81,317
(Median)
$45K
$59K
$81K
MEDIAN: $59,343
10%
50%
90%

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$14.45 - $25.88
(Median)
$14
$20
$26
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$29K$58K$87K
Salary
$44,590 - $81,317  
   
Bonus
$1,495 - $13,962  
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).
)
$43,669 - $86,361  
Country: United States | Currency: USD | Updated: 28 Oct 2016 | Individuals Reporting: 136
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
$14.45 - $25.88  
   
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
$1,495 - $13,962  
   
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).
)
$43,669 - $86,361  
Country: United States | Currency: USD | Updated: 28 Oct 2016 | 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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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 have a median salary of $59K. Those who have been around for five to 10 years can expect to take home more — $58K on average. On average, Mortgage Processing Managers make $67K following one to two decades on the job. Survey participants with more than twenty years of experience only make around $61K on average, though; this group reports a lower median than the one claimed by mid-career individuals.

Related Job Salaries

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Experience Affects Mortgage Processing Manager Salaries

Experienced
up arrow 8%

National Average
$61,000

Late-Career
up arrow 1%

Entry-Level
up arrow 4%

Mid-Career
up arrow 5%

Skills That Affect Mortgage Processing Manager Salaries

National Average
$61,000

Mortgage Loans
up arrow 2%

Loan Processing
up arrow 4%

Job Satisfaction

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

Gender

Female
79 %
Male
21 %

Years of Experience

Less than 1 year
3%
1-4 years
13%
5-9 years
16%
10-19 years
49%
20 years or more
19%

Common Health Benefits

medical benefits
Medical: 87%
dental benefits
Dental: 77%
medical benefits
Vision: 70%
dental benefits
None: 12%
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