Average Mortgage Loan Processor Salary in Canada

C$44,075
Avg. SalaryShow Hourly Rate
C$2,035
Bonus
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The average salary for a Mortgage Loan Processor in Canada is C$44,075.
10%
C$35k
MEDIAN
C$44k
90%
C$52k
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United States (change)
Salary
C$35k - C$52k
Bonus
C$986 - C$10k
Total Pay
C$33k - C$56k

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Job Description for Mortgage Loan Processor

Mortgage Loan Processor Tasks
  • Interview loan applicants, investigate applicants' backgrounds and verify references.
  • Review loan documents and complete transactions between loan establishment, borrowers, and sellers upon approval of loan.
  • Prepare loan request papers and related documents then forward to appraisal department.

Job Satisfaction for Mortgage Loan Processor

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Mortgage Loan Processor Job Listings

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Popular Skills for Mortgage Loan Processor

Skills in Loan Processing, Mortgage Loans and Loan Documents are correlated to pay that is above average. Skills that pay less than market rate include Customer Service.

Pay by Experience Level for Mortgage Loan Processor

An early career Mortgage Loan Processor with 1-4 years of experience earns an average total compensation (includes tips, bonus, and overtime pay) of C$41,400 based on 17 salaries. A mid-career Mortgage Loan Processor with 5-9 years of experience earns an average total compensation of C$46,715 based on 5 salaries. An experienced Mortgage Loan Processor with 10-19 years of experience earns an average total compensation of C$46,027 based on 13 salaries.

Pay Difference by Location

Learn more about cost of living by city.
Employees with Mortgage Loan Processor in their job title in Vancouver, British Columbia earn an average of 9.4% more than the national average. The lowest salaries can be found in Toronto, Ontario (7.4% less).

Years of Experience

This data is based on 35 survey responses.
Early Career
48.6%
Mid Career
14.3%
Experienced
37.1%

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