Home > Salary > Norway > 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: 784,464 NOK
Estimated Monthly Salary: 65,372 NOK
Estimated Weekly Salary: 15,086 NOK per week
Estimated Hourly Salary: 377 NOK per hour
Values are pre-tax
Last revision of data: 2025-01-04
Estimated Monthly Salary: 62,984 NOK
Estimated Weekly Salary: 14,535 NOK per week
Estimated Hourly Salary: 363 NOK per hour
Last revision of data: 2024-01-03
Estimated Yearly Salary: 71,012 USD
Estimated Monthly Salary: 5,918 USD
Estimated Weekly Salary: 1,366 USD per week
Estimated Hourly Salary: 34 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: 784,464 NOK
Estimated Monthly Salary: 65,372 NOK
Estimated Weekly Salary: 15,086 NOK per week
Estimated Hourly Salary: 377 NOK per hour
By working as Mortgage Loan Processor a person can save up to 2,097 USD per month or 25,167 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 Norway, see costs of living in Norway.
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 Norway
Average Yearly Salary of Mortgage Loan Processor in Norway is approximately 784,464 NOK (71,012 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: 784,464 NOK
Estimated Monthly Salary: 65,372 NOK
Estimated Weekly Salary: 15,086 NOK per week
Estimated Hourly Salary: 377 NOK per hour
Values are pre-tax Last revision of data: 2025-01-04Comparing salary to last year:
Estimated Yearly Salary: 755,810 NOKEstimated Monthly Salary: 62,984 NOK
Estimated Weekly Salary: 14,535 NOK per week
Estimated Hourly Salary: 363 NOK per hour
Last revision of data: 2024-01-03Mortgage Loan Processor estimated salary in USD
For easier comparison here is an estimated salary in USD:Estimated Yearly Salary: 71,012 USD
Estimated Monthly Salary: 5,918 USD
Estimated Weekly Salary: 1,366 USD per week
Estimated Hourly Salary: 34 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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Country:
Salary comparison to National average
Norway, located in Northern Europe, is a country known for its stunning natural landscapes, including fjords, mountains, and forests. With a population of approximately 5.4 million people, it is one of the least densely populated countries in Europe. The size of Norway is around 323,802 square kilometers, making it larger than many European countries.
Estimated national average yearly salary is 977,067 NOK (95,510 USD). Value indicated is pre-tax. Below graph shows estimated Mortgage Loan Processor job salary compared to average salary in Norway.
Comparison shows that a person working as Mortgage Loan Processor in Norway earns on average:
0.8 times the average salary (or 80% of average salary).
Estimated national average yearly salary is 977,067 NOK (95,510 USD). Value indicated is pre-tax. Below graph shows estimated Mortgage Loan Processor job salary compared to average salary in Norway.
Comparison shows that a person working as Mortgage Loan Processor in Norway earns on average:
0.8 times the average salary (or 80% 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 862,910 NOK and 1,137,473 NOK. However this is an estimation based on Gaussian Distribution.How much can you save working as Mortgage Loan Processor in Norway?
Living in Norway the approximate monthly expenses are: 3,820 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: 784,464 NOK
Estimated Monthly Salary: 65,372 NOK
Estimated Weekly Salary: 15,086 NOK per week
Estimated Hourly Salary: 377 NOK per hour
By working as Mortgage Loan Processor a person can save up to 2,097 USD per month or 25,167 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 Norway, see costs of living in Norway.
Salary comparison to region and neighbouring coutries
Country's neighbours are: Sweden, Finland, Russia, Denmark. 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
Sweden is 46,828 USD
Finland is 40,520 USD
Russia is 9,556 USD
Denmark is 54,696 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 Norway
(10,937,756 NOK per year, pre-tax.)
2. Cardiologist
(9,106,184 NOK per year, pre-tax.)
(8,829,745 NOK per year, pre-tax.)
4. Neurosurgeon
(8,566,101 NOK per year, pre-tax.)
(8,524,526 NOK per year, pre-tax.)
6. Oncologist
(8,361,766 NOK per year, pre-tax.)
7. Urologist
(8,317,150 NOK per year, pre-tax.)
(8,311,831 NOK per year, pre-tax.)
(8,311,163 NOK per year, pre-tax.)
(8,310,747 NOK per year, pre-tax.)
Data as of 2025Random salary:
Head of medical laboratory (2,538,261 NOK per year, pre-tax.)
Senior staff engineer (2,725,492 NOK per year, pre-tax.)
Field service engineer oil gas (industrial) (820,165 NOK per year, pre-tax.)
Physician doctor pediatrics (3,378,232 NOK per year, pre-tax.)
Chief business officer (2,520,836 NOK per year, pre-tax.)
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