Average Mortgage Processing Manager Salary

$63,965
Avg. SalaryShow Hourly Rate
$7,508
Bonus
$14,000
Commission
$1,017
Profit Sharing
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The average salary for a Mortgage Processing Manager is $63,965.
10%
$46k
MEDIAN
$64k
90%
$82k
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United States (change)
Salary
$46k - $82k
Bonus
$2k - $29k
Profit Sharing
$0 - $8k
Commission
$7k - $21k
Total Pay
$45k - $91k

Your Market Worth Over Time

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Job Description for Mortgage Processing Manager

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

Job Satisfaction for Mortgage Processing Manager

4.4 out of 5
(43)
Highly Satisfied
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Popular Skills for Mortgage Processing Manager

Skills in Loan Processing, Operations Management and People Management are correlated to pay that is above average. Skills that pay less than market rate include Training and Mortgage Loans.

Pay by Experience Level for Mortgage Processing Manager

An entry-level Mortgage Processing Manager with less than 1 year experience can expect to earn an average total compensation (includes tips, bonus, and overtime pay) of $53,500 based on 5 salaries. An early career Mortgage Processing Manager with 1-4 years of experience earns an average total compensation of $60,047 based on 32 salaries. A mid-career Mortgage Processing Manager with 5-9 years of experience earns an average total compensation of $60,419 based on 43 salaries. An experienced Mortgage Processing Manager with 10-19 years of experience earns an average total compensation of $66,488 based on 112 salaries. In their late career (20 years and higher), employees earn an average total compensation of $64,731.
Employees with Mortgage Processing Manager in their job title in Phoenix, Arizona earn an average of 7.4% more than the national average. These job titles also find higher than average salaries in San Antonio, Texas (7.2% more) and Columbus, Ohio (1.6% more). The lowest salaries can be found in Chicago, Illinois (18.5% less) and Austin, Texas (2.3% less).

Years of Experience

This data is based on 256 survey responses.
Entry Level
2.0%
Early Career
12.5%
Mid Career
16.8%
Experienced
43.8%
Late Career
25.0%