Home > Salary > Ecuador > Mortgage Loan Processor
A mortgage loan processor is a professional responsible for managing and organizing the documentation required for the approval and closing of mortgage loans. Their main role is to ensure that all necessary paperwork is complete, accurate, and in compliance with regulatory standards. They work closely with loan officers, underwriters, and borrowers to gather and verify information, such as income, employment history, credit reports, and property appraisals. Additionally, mortgage loan processors review loan applications, calculate debt-to-income ratios, and prepare loan packages for submission to underwriters. They also communicate with borrowers to request any missing or additional documentation and keep them informed about the progress of their loan application. Accuracy, attention to detail, and strong organizational skills are essential for this occupation.
Estimated Yearly Salary: 133,300,407 ECS
Estimated Monthly Salary: 11,108,367 ECS
Estimated Weekly Salary: 2,563,469 ECS per week
Estimated Hourly Salary: 64,087 ECS per hour
Values are pre-tax
Last revision of data: 2025-01-04
Estimated Monthly Salary: 10,693,506 ECS
Estimated Weekly Salary: 2,467,732 ECS per week
Estimated Hourly Salary: 61,693 ECS per hour
Last revision of data: 2024-01-07
Estimated Yearly Salary: 4,712 USD
Estimated Monthly Salary: 393 USD
Estimated Weekly Salary: 91 USD per week
Estimated Hourly Salary: 2 USD per hour
Difference in salary year over year or average salary increase is approximately
4 %
Data confidence is - relatively high
Data fetched from dabase: 14 submissions.
Results are anonymized. Amounts indicated are pre-tax, meaning no deductionts yet have been made to the basic salary. Salaries where there are less than 3 entries are not displayed.
Want to check how your salary compares? Submit your own salary here
Estimated Yearly Salary: 133,300,407 ECS
Estimated Monthly Salary: 11,108,367 ECS
Estimated Weekly Salary: 2,563,469 ECS per week
Estimated Hourly Salary: 64,087 ECS per hour
By working as Mortgage Loan Processor a person can save up to 140 USD per month or 1,683 USD yearly. Values are pre-tax.
NOTE: These values are estimates and are averaged for the whole country. Furthermore the value is likely exaggerated as no other expenses are taken into account in the projection. Unessential expenses are very subjective and are difficult to assess. Most likely the previously estimated number is significantly lower for majority of people. Expenses in different cities across the country may vary. Above values accuracy is low and is based on limited set of data obtained.
For more information regarding expenses in Ecuador, see costs of living in Ecuador.
Estimated Yearly Salary for Mortgage Loan Processor
Last revision of data: 2025-01-04
Data as of 2025
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Mortgage Loan Processor salary in Ecuador
Average Yearly Salary of Mortgage Loan Processor in Ecuador is approximately 133,300,407 ECS (4,712 USD). Data is for 2025 and indicates a pre-tax value. The salary itself depends on multiple factors such as seniority, job performance, certifications, experience or any other bonuses. The value indicated is an average amount based on records we have in database. Real values may vary. The data is for orientational purposes.
What does Mortgage Loan Processor do?
A mortgage loan processor is a professional responsible for managing and organizing the documentation required for the approval and closing of mortgage loans. Their main role is to ensure that all necessary paperwork is complete, accurate, and in compliance with regulatory standards. They work closely with loan officers, underwriters, and borrowers to gather and verify information, such as income, employment history, credit reports, and property appraisals. Additionally, mortgage loan processors review loan applications, calculate debt-to-income ratios, and prepare loan packages for submission to underwriters. They also communicate with borrowers to request any missing or additional documentation and keep them informed about the progress of their loan application. Accuracy, attention to detail, and strong organizational skills are essential for this occupation.
Skills: Mortgage loan processor, Loan processing, Mortgage industry, Financial services, Documentation management, Loan underwriting.
Job industry: Finance
Job industry: Finance
How much does Mortgage Loan Processor make?
Salary details
How much does Mortgage Loan Processor make?Estimated Yearly Salary: 133,300,407 ECS
Estimated Monthly Salary: 11,108,367 ECS
Estimated Weekly Salary: 2,563,469 ECS per week
Estimated Hourly Salary: 64,087 ECS per hour
Values are pre-tax Last revision of data: 2025-01-04Comparing salary to last year:
Estimated Yearly Salary: 128,322,069 ECSEstimated Monthly Salary: 10,693,506 ECS
Estimated Weekly Salary: 2,467,732 ECS per week
Estimated Hourly Salary: 61,693 ECS per hour
Last revision of data: 2024-01-07Mortgage Loan Processor estimated salary in USD
For easier comparison here is an estimated salary in USD:Estimated Yearly Salary: 4,712 USD
Estimated Monthly Salary: 393 USD
Estimated Weekly Salary: 91 USD per week
Estimated Hourly Salary: 2 USD per hour
Difference in salary year over year or average salary increase is approximately
4 %About these results
Data confidence is - relatively high Data fetched from dabase: 14 submissions.
Results are anonymized. Amounts indicated are pre-tax, meaning no deductionts yet have been made to the basic salary. Salaries where there are less than 3 entries are not displayed.
Want to check how your salary compares? Submit your own salary here
Compare salary to other countries
Please type in your occupation and select desired country to see latest trends in salaries.
Country:
Salary comparison to National average
Ecuador is a country located in South America, bordered by Colombia to the north, Peru to the east and south, and the Pacific Ocean to the west. It has a population of approximately 17 million people and covers an area of about 283,561 square kilometers.
Estimated national average yearly salary is 163,662,470 ECS (6,310 USD). Value indicated is pre-tax. Below graph shows estimated Mortgage Loan Processor job salary compared to average salary in Ecuador.
Comparison shows that a person working as Mortgage Loan Processor in Ecuador earns on average:
0.81 times the average salary (or 81% of average salary).
Estimated national average yearly salary is 163,662,470 ECS (6,310 USD). Value indicated is pre-tax. Below graph shows estimated Mortgage Loan Processor job salary compared to average salary in Ecuador.
Comparison shows that a person working as Mortgage Loan Processor in Ecuador earns on average:
0.81 times the average salary (or 81% of average salary).
Is Mortgage Loan Processor a well paid job?
No / we do not have enough data to assess this.What is considered a high salary for Mortgage Loan Processor?
High salary for Mortgage Loan Processor would be somewhere between 146,630,448 ECS and 193,285,590 ECS. However this is an estimation based on Gaussian Distribution.How much can you save working as Mortgage Loan Processor in Ecuador?
Living in Ecuador the approximate monthly expenses are: 252 USD. This amount covers basic needs such as food, housing, clothing, healthcare and education costs for a single person. No luxury expenses such as traveling, leisure, hobbies are included in the estimation.Estimated Yearly Salary: 133,300,407 ECS
Estimated Monthly Salary: 11,108,367 ECS
Estimated Weekly Salary: 2,563,469 ECS per week
Estimated Hourly Salary: 64,087 ECS per hour
By working as Mortgage Loan Processor a person can save up to 140 USD per month or 1,683 USD yearly. Values are pre-tax.
NOTE: These values are estimates and are averaged for the whole country. Furthermore the value is likely exaggerated as no other expenses are taken into account in the projection. Unessential expenses are very subjective and are difficult to assess. Most likely the previously estimated number is significantly lower for majority of people. Expenses in different cities across the country may vary. Above values accuracy is low and is based on limited set of data obtained.
For more information regarding expenses in Ecuador, see costs of living in Ecuador.
Salary comparison to region and neighbouring coutries
Country's neighbours are: Colombia, Peru. To make it easier for comparison a conversion from local currency to USD has been made (conversion rates may vary).Estimated Yearly Salary for Mortgage Loan Processor
Colombia is 4,830 USD Last revision of data: 2025-01-04Salary increase per years of experience
Based on data available the salary increase per years of experience is as following- 0 years (beginner) equals base salary
- 1 to 5 years of experience yields
+12% salary increase- 6 to 10 years of experience yields
+25% salary increase- 11 to 15 years of experience yields
+16% salary increase- 16 to 25 years of experience yields
+9% salary increase- more than 25 years of experience yields
+10% salary increaseTop 10 highest salaries in Ecuador
(1,855,980,438 ECS per year, pre-tax.)
2. Cardiologist
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(1,492,481,780 ECS per year, pre-tax.)
4. Neurosurgeon
(1,451,252,556 ECS per year, pre-tax.)
(1,445,038,889 ECS per year, pre-tax.)
(1,418,984,151 ECS per year, pre-tax.)
(1,418,715,651 ECS per year, pre-tax.)
(1,416,409,138 ECS per year, pre-tax.)
9. Oncologist
(1,414,323,101 ECS per year, pre-tax.)
10. Urologist
(1,413,729,680 ECS per year, pre-tax.)
Data as of 2025Random salary:
Curator art gallery (118,577,386 ECS per year, pre-tax.)
Medical data analyst (205,240,518 ECS per year, pre-tax.)
Associate producer radio (173,157,439 ECS per year, pre-tax.)
Afternoon driveproduction director (radio) (77,773,521 ECS per year, pre-tax.)
Digital marketing analyst (158,760,377 ECS per year, pre-tax.)
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