Senior Mortgage Loan Processor Salary (United States)

The average pay for a Senior Mortgage Loan Processor is $43,564 per year. Pay for this job does not change much by experience, with the most experienced earning only a bit more than the least.
Senior Mortgage Loan Processor Total Pay (?
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.
)
$31,274 - $53,520
(Median)
31K
38K
44K
49K
54K
MEDIAN: $43,563
10%
25%
50%
75%
90%
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Senior Mortgage Loan Processor Total Pay (?
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.
)
$13.14 - $23.31
(Median)
13
15
18
21
23
MEDIAN: $18.00
10%
25%
50%
75%
90%
Add this chart to your site

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$20K$40K$60K
Salary
$31,274 - $53,520  
   
Bonus
$0.00 - $11,936  
Profit Sharing
$-0.50 - $11,920  
Commission
$2,500 - $20,347  
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).
)
$32,429 - $58,578  
PayScale
Country: United States | Currency: USD | Updated: 11 Jun 2014 | Individuals Reporting: 820
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$13$26$39
Hourly Rate
$13.14 - $23.31  
   
Overtime
$19.12 - $36.23  
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$26K$52K$78K
Bonus
$0.00 - $11,936  
   
Commission
$2,500 - $20,347  
Profit Sharing
$-0.50 - $11,920  
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).
)
$32,429 - $58,578  
PayScale
Country: United States | Currency: USD | Updated: 11 Jun 2014 | Individuals Reporting: 820
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Job Description for Senior Mortgage Loan Processor

A senior mortgage loan processor receives loan files that originate from loan officers and then processes them to ensure that they meet credit worthiness standards, federal and state regulatory requirements, and company policies. They review all paperwork, gather any further information needed to process the loan, verify information, and shepherd the loan from pre-approval to closing. The job requires persons with good attention to detail, organizational skills, and interpersonal skills.
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Senior Mortgage Loan Processor Tasks
  • Answer questions regarding closing requirements.
  • Maintain communication with brokers partners and closing/settlement agents with loan status.
  • Authorize funding upon verification of all documentation.
  • Order credit reports, appraisals, title insurance, and all other certifications as necessary.

Common Career Paths for Senior Mortgage Loan Processor

Senior Mortgage Loan Processor Job Listings

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Popular Employer Salaries for Senior Mortgage Loan Processor

Popular Skills for Senior Mortgage Loan Processor

Pay by Experience Level for Senior Mortgage Loan Processor

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

Pay Difference By Location

San Diego
up arrow 11%
Chicago
up arrow 11%
Denver
up arrow 11%
Houston
up arrow 8%
Dallas
up arrow 7%
Seattle
up arrow 7%
Charlotte
up arrow 5%
National Average
$45,000
Jacksonville
up arrow 3%
Atlanta
up arrow 3%
Las Vegas
up arrow 8%
Larger circles over a city indicate a job is popular in that location.

Related Job Salaries

Experience Affects Senior Mortgage Loan Processor Salaries

National Average
$45,000
Entry-Level
up arrow 10%

Skills That Affect Senior Mortgage Loan Processor Salaries

Customer Service
up arrow 9%
National Average
$45,000

Job Satisfaction

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Highly satisfied
Rated 4 out of 5 based on 97 votes.

Gender

Female
88%
female alumni
 
Male
12%
male alumni

Years of Experience

Less than 1 year
0%
1-4 years
8%
5-9 years
26%
10-19 years
44%
20 years or more
22%

Common Health Benefits

medical benefits Medical: 72% dental benefits Dental: 64%
vision benefits Vision: 50% employee benefits None: 25%
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