Home > Salary > Iceland > Mortgage Processing Manager
A mortgage processing manager is responsible for overseeing the entire mortgage application process from start to finish. They ensure that all required documents are collected, reviewed, and processed accurately and efficiently. This includes verifying borrower information, conducting credit checks, ordering property appraisals, and coordinating with various parties such as loan officers, underwriters, and title companies. The mortgage processing manager also ensures compliance with all relevant laws and regulations, manages a team of mortgage processors, and provides training and guidance when needed. They play a crucial role in maintaining high customer satisfaction by ensuring timely and smooth mortgage approvals.
Estimated Yearly Salary: 13,681,112 ISK
Estimated Monthly Salary: 1,140,093 ISK
Estimated Weekly Salary: 263,098 ISK per week
Estimated Hourly Salary: 6,577 ISK per hour
Values are pre-tax
Last revision of data: 2025-01-04
Estimated Monthly Salary: 1,098,788 ISK
Estimated Weekly Salary: 253,567 ISK per week
Estimated Hourly Salary: 6,339 ISK per hour
Last revision of data: 2024-01-02
Estimated Yearly Salary: 95,078 USD
Estimated Monthly Salary: 7,923 USD
Estimated Weekly Salary: 1,828 USD per week
Estimated Hourly Salary: 46 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: 13,681,112 ISK
Estimated Monthly Salary: 1,140,093 ISK
Estimated Weekly Salary: 263,098 ISK per week
Estimated Hourly Salary: 6,577 ISK per hour
By working as Mortgage Processing Manager a person can save up to 5,194 USD per month or 62,332 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 Iceland, see costs of living in Iceland.
Estimated Yearly Salary for Mortgage Processing Manager
Last revision of data: 2025-01-04
Data as of 2025
Random salary:
Entry-level attorney (8,382,486 ISK per year, pre-tax.)
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Mortgage Processing Manager salary in Iceland
Average Yearly Salary of Mortgage Processing Manager in Iceland is approximately 13,681,112 ISK (95,078 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 Processing Manager do?
A mortgage processing manager is responsible for overseeing the entire mortgage application process from start to finish. They ensure that all required documents are collected, reviewed, and processed accurately and efficiently. This includes verifying borrower information, conducting credit checks, ordering property appraisals, and coordinating with various parties such as loan officers, underwriters, and title companies. The mortgage processing manager also ensures compliance with all relevant laws and regulations, manages a team of mortgage processors, and provides training and guidance when needed. They play a crucial role in maintaining high customer satisfaction by ensuring timely and smooth mortgage approvals.
Skills: Mortgage processing, Manager, Loan processing, Mortgage industry, Compliance, Customer satisfaction
Job industry: Finance
Job industry: Finance
How much does Mortgage Processing Manager make?
Salary details
How much does Mortgage Processing Manager make?Estimated Yearly Salary: 13,681,112 ISK
Estimated Monthly Salary: 1,140,093 ISK
Estimated Weekly Salary: 263,098 ISK per week
Estimated Hourly Salary: 6,577 ISK per hour
Values are pre-tax Last revision of data: 2025-01-04Comparing salary to last year:
Estimated Yearly Salary: 13,185,458 ISKEstimated Monthly Salary: 1,098,788 ISK
Estimated Weekly Salary: 253,567 ISK per week
Estimated Hourly Salary: 6,339 ISK per hour
Last revision of data: 2024-01-02Mortgage Processing Manager estimated salary in USD
For easier comparison here is an estimated salary in USD:Estimated Yearly Salary: 95,078 USD
Estimated Monthly Salary: 7,923 USD
Estimated Weekly Salary: 1,828 USD per week
Estimated Hourly Salary: 46 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
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Salary comparison to National average
Iceland, a Nordic island country located in the North Atlantic Ocean, is known for its stunning natural landscapes and unique geological features. With a population of approximately 366,000 people, Iceland is one of the least densely populated countries in Europe. The country covers an area of about 103,000 square kilometers, making it the 18th largest island in the world.
Estimated national average yearly salary is 8,949,782 ISK (68,220 USD). Value indicated is pre-tax. Below graph shows estimated Mortgage Processing Manager job salary compared to average salary in Iceland.
Comparison shows that a person working as Mortgage Processing Manager in Iceland earns on average:
1.53 times the average salary (or 153% of average salary).
Estimated national average yearly salary is 8,949,782 ISK (68,220 USD). Value indicated is pre-tax. Below graph shows estimated Mortgage Processing Manager job salary compared to average salary in Iceland.
Comparison shows that a person working as Mortgage Processing Manager in Iceland earns on average:
1.53 times the average salary (or 153% of average salary).
Is Mortgage Processing Manager a well paid job?
Yes, our data shows that Mortgage Processing Manager is a well paid job. With years and experience the salary might increase even further, resulting in higher satisfaction.What is considered a high salary for Mortgage Processing Manager?
High salary for Mortgage Processing Manager would be somewhere between 15,049,223 ISK and 19,837,612 ISK. However this is an estimation based on Gaussian Distribution.How much can you save working as Mortgage Processing Manager in Iceland?
Living in Iceland the approximate monthly expenses are: 2,729 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: 13,681,112 ISK
Estimated Monthly Salary: 1,140,093 ISK
Estimated Weekly Salary: 263,098 ISK per week
Estimated Hourly Salary: 6,577 ISK per hour
By working as Mortgage Processing Manager a person can save up to 5,194 USD per month or 62,332 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 Iceland, see costs of living in Iceland.
Salary comparison to region and neighbouring coutries
Country's neighbours are: Norway, Faroe Islands, United Kingdom. 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 Processing Manager
Norway is 133,114 USD
United Kingdom is 62,592 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 Iceland
(101,519,791 ISK per year, pre-tax.)
2. Cardiologist
(84,892,494 ISK per year, pre-tax.)
(82,036,676 ISK per year, pre-tax.)
4. Neurosurgeon
(79,530,435 ISK per year, pre-tax.)
(79,217,486 ISK per year, pre-tax.)
(77,544,423 ISK per year, pre-tax.)
(77,443,218 ISK per year, pre-tax.)
(77,278,803 ISK per year, pre-tax.)
9. Oncologist
(77,260,671 ISK per year, pre-tax.)
(77,231,503 ISK per year, pre-tax.)
Data as of 2025Random salary:
Entry-level attorney (8,382,486 ISK per year, pre-tax.)
Director of buildings and grounds (13,024,506 ISK per year, pre-tax.)
Business office manager nursing home (5,456,562 ISK per year, pre-tax.)
Technical specialist recruitingstaffing (15,900,522 ISK per year, pre-tax.)
Athletic shoemaker (11,165,154 ISK per year, pre-tax.)
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optisalary.com provides salary data exclusively for informational purposes. While we endeavor for correctness, we do not ensure the precision of all figures. Users must double-check salary details with reliable organizations before making career-related decisions. Salary amounts can fluctuate based on numerous factors, such as company size, negotiation tactics, and industry demand. We assume no liability for errors in the salary estimates provided. By accessing this website, you accept that salary data is subject to change.
optisalary.com displays salary figures solely for reference use. While we strive for correctness, we do not guarantee the precision of all figures. Users must double-check salary details with official organizations before making financial plans. Salary amounts can fluctuate based on numerous factors, such as company size, negotiation tactics, and industry demand. We assume no liability for misinterpretations in the pay figures provided. By using this website, you acknowledge that salary data is not absolute.