Mortgage Processing Manager Salary

Approximately two in three of Mortgage Processing Managers in the United States are seasoned employees who have more than 10 years of experience in the field. Pay ranges from $45K to $89K per year, and the average comes out to $63K annually. Most report receiving medical coverage from their employers and a strong majority collect dental insurance. Female Mortgage Processing Managers make up most of the survey respondents at 74 percent. Most Mortgage Processing Managers report high levels of job satisfaction. This report is based on answers to PayScale's salary questionnaire.

$45,190 - $79,971
$45K
$63K
$80K
MEDIAN: $62,621
10%
50%
90%

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$15.46 - $26.34
$15
$21
$26
MEDIAN: $21.22
10%
50%
90%

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$0$89K
Salary $45,190 - $79,971
Bonus $2,000 - $23,966
Profit Sharing $0.00 - $23,672
Commission $18,000
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
$45,021 - $89,073
  • Country: United States
  • Currency: USD
  • Updated: 20 Sep 2017
  • Individuals Reporting: 134
Hourly Data $0$32
Hourly Rate $15.46 - $26.34
Overtime $31.09
Annual Data $0$89K
Bonus $2,000 - $23,966
Commission $18,000
Profit Sharing $0.00 - $23,672
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
$45,021 - $89,073
  • Country: United States
  • Currency: USD
  • Updated: 20 Sep 2017
  • Individuals Reporting: 22

Job Description for Mortgage Processing Manager

A mortgage processing manager is primarily responsible for supervising lenders who are processing mortgage loan applications and ensuring compliance with various regulations. This type of position is found in agencies such as banks, credit unions, or lending companies and will typically keep daytime office hours. However, additional hours may be necessary at various times. This type of position typically requires a bachelor’s degree and at least five years of experience within the mortgage loan processing industry. Processional licensing in mortgage loans is also required.

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Mortgage Processing Manager Tasks

  • Supervise lenders processing loan applications, managework flow, and ensure compliance with regulations.
  • Generate new business through sales outreach.
  • Hire, train, evaluate, and discipline lending staff.
  • Develop and implement strategies to improve loan department efficiency and meet sales targets.

Common Career Paths for Mortgage Processing Manager


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Mortgage Processing Manager Job Listings

Pay by Experience Level for Mortgage Processing Manager

Pay by Experience for a Mortgage Processing Manager has a positive trend. An entry-level Mortgage Processing Manager with less than 5 years of experience can expect to earn an average total compensation of $61,000 based on 31 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Mortgage Processing Manager with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $61,000 based on 39 salaries. An experienced Mortgage Processing Manager which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $70,000 based on 69 salaries. A Mortgage Processing Manager with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $63,000 based on 28 salaries.

Related Job Salaries

Key Stats for Mortgage Processing Manager

Gender

Female
74 %
Male
26 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 33 votes.
Less than 1 year
3%
1-4 years
15%
5-9 years
16%
10-19 years
47%
20 years or more
20%
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Experience Affects Mortgage Processing Manager Salaries

▲7%

National Average
$66,000

Late-Career
▼5%

Mid-Career
▼8%

Entry-Level
▼8%

Skills That Affect Mortgage Processing Manager Salaries

National Average
$66,000


Loan Processing
▼10%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 33 votes.

Gender

Female
74 %
Male
26 %

Years of Experience

Less than 1 year
3%
1-4 years
15%
5-9 years
16%
10-19 years
47%
20 years or more
20%

Common Health Benefits

medical benefits
Medical: 89%
dental benefits
Dental: 83%
vision benefits
Vision: 78%
no benefits
None: 9%
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