Average Mortgage Loan Processor Hourly Pay at Navy Federal Credit Union

$17.23
Avg. Hourly RateShow Salary
$2,000
Bonus
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The average hourly pay for a Mortgage Loan Processor at Navy Federal Credit Union is $17.23.
25%
$15.29
MEDIAN
$17.23
75%
$18.21
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United States (change)
Hourly Rate
$15 - $18
Bonus
$1,350 - $7,186
Total Pay
$31,294 - $61,088

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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.
The top respondents for the job title Mortgage Loan Processor are from the companies Wells Fargo Home Mortgage, Bank of America Corp. (BOFA) and U.S. Bank. Reported salaries are highest at Wells Fargo Home Mortgage where the average pay is $20.87. Other companies that offer high salaries for this role include Bank of America Corp. (BOFA) and Fairway Mortgage, earning around $20.47 and $20.00, respectively. Chase Bank pays the lowest at around $15.66. U.S. Bank and Citibank also pay on the lower end of the scale, paying $17.22 and $17.94, respectively.

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 Difference by Location

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Years of Experience

This data is based on 5 survey responses.
Early Career
100.0%