Average Mortgage Loan Processor Salary at Wells Fargo Bank

$41,212
Avg. SalaryShow Hourly Rate
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The average salary for a Mortgage Loan Processor at Wells Fargo Bank is $41,212.
25%
$39k
MEDIAN
$41k
75%
$48k
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United States (change)
Salary
$39k - $48k
Total Pay
$25k - $50k

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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 Bank of America Corp. (BOFA) where the average pay is $47,506. Other companies that offer high salaries for this role include U.S. Bank and Wells Fargo Home Mortgage, earning around $45,978 and $45,781, respectively. Movement Mortgage pays the lowest at around $34,493. Guaranteed Rate Incorporated and Navy Federal Credit Union also pay on the lower end of the scale, paying $40,878 and $42,000, respectively.

Mortgage Loan Processor Job Listings

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Popular Skills for Mortgage Loan Processor

Skills in Customer Service and Loan Documents are correlated to pay that is above average.

Years of Experience

This data is based on 8 survey responses.
Early Career
100.0%