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Average Mortgage Loan Processor Hourly Pay

$18.08
Avg. Hourly RateShow Salary
$3,941
Bonus
$5,500
Commission
$1,498
Profit Sharing
What am I worth?
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How should I pay?
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The average hourly pay for a Mortgage Loan Processor is $18.08.
10%
$13.63
MEDIAN
$18.08
90%
$24.23
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Hourly Rate
$14 - $24
Bonus
$723 - $12,188
Profit Sharing
$582 - $3,091
Commission
$1,001 - $17,960
Total Pay
$30,491 - $57,602
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What Do Mortgage Loan Processors Do?

Job Satisfaction for Mortgage Loan Processor

3.8 out of 5
(354)
Highly Satisfied
18Reviews
The top respondents for the job title Mortgage Loan Processor are from the companies Wells Fargo Home Mortgage, Wells Fargo Bank and U.S. Bank. Reported salaries are highest at Bank of America Corp. (BOFA) where the average pay is $20.98. Other companies that offer high salaries for this role include Wells Fargo Home Mortgage and Wells Fargo Bank, earning around $20.62 and $19.47, respectively. Navy Federal Credit Union pays the lowest at around $17.34. U.S. Bank and Movement Mortgage also pay on the lower end of the scale, paying $17.50 and $18.38, respectively.

Career Paths

Explore the most common career paths for Mortgage Loan Processor. Thickness and color of lines indicates popularity of movement from one job to the next. Visit our career path planner to research other job paths.
Mortgage Loan Processor
More common (> 20%)
Somewhat common (8 - 20%)
Less common (< 8%)

Mortgage Loan Processor Job Listings

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What Are Popular Skills for Mortgage Loan Processors?

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

What is the Pay by Experience Level for Mortgage Loan Processors?

An entry-level Mortgage Loan Processor with less than 1 year experience can expect to earn an average total compensation (includes tips, bonus, and overtime pay) of $15.91 based on 117 salaries. An early career Mortgage Loan Processor with 1-4 years of experience earns an average total compensation of $17.06 based on 826 salaries. A mid-career Mortgage Loan Processor with 5-9 years of experience earns an average total compensation of $19.36 based on 343 salaries. An experienced Mortgage Loan Processor with 10-19 years of experience earns an average total compensation of $20.91 based on 402 salaries. In their late career (20 years and higher), employees earn an average total compensation of $21.
Employees with Mortgage Loan Processor in their job title in San Diego, California earn an average of 12.7% more than the national average. These job titles also find higher than average salaries in Houston, Texas (10.6% more) and Portland, Oregon (7.1% more). The lowest salaries can be found in Dallas, Texas (0.4% less).

Years of Experience

This data is based on 1,933 survey responses.
Entry Level
6.1%
Early Career
42.7%
Mid Career
17.7%
Experienced
20.8%
Late Career
12.7%