The average salary for a Mortgage Processing Manager is $63,965.
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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 loa…Read more
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
Mortgage Processing Manager Job Listings
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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.
Pay Difference by Location
Learn more about cost of living by city.
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.
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