Average Mortgage Loan Processor Salary at Fairway Mortgage

$50,000
Avg. SalaryShow Hourly Rate
$7,200
Bonus
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The average salary for a Mortgage Loan Processor at Fairway Mortgage is $50,000.
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United States (change)
Salary
$0 - $50k
Bonus
$0 - $7k
Total Pay
$45k - $59k

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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. Guaranteed Rate Incorporated pays the lowest at around $40,878. Wells Fargo Bank and Navy Federal Credit Union also pay on the lower end of the scale, paying $41,212 and $42,000, respectively.

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