Home > Salary > South Africa > 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: 101,261 ZAR
Estimated Monthly Salary: 8,438 ZAR
Estimated Weekly Salary: 1,947 ZAR per week
Estimated Hourly Salary: 49 ZAR per hour
Values are pre-tax
Last revision of data: 2025-01-04
Estimated Monthly Salary: 8,130 ZAR
Estimated Weekly Salary: 1,876 ZAR per week
Estimated Hourly Salary: 47 ZAR per hour
Last revision of data: 2024-01-08
Estimated Yearly Salary: 5,061 USD
Estimated Monthly Salary: 422 USD
Estimated Weekly Salary: 97 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: 101,261 ZAR
Estimated Monthly Salary: 8,438 ZAR
Estimated Weekly Salary: 1,947 ZAR per week
Estimated Hourly Salary: 49 ZAR per hour
By working as Mortgage Loan Processor a person can save up to 151 USD per month or 1,807 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 South Africa, see costs of living in South Africa.
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 South Africa
Average Yearly Salary of Mortgage Loan Processor in South Africa is approximately 101,261 ZAR (5,061 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: 101,261 ZAR
Estimated Monthly Salary: 8,438 ZAR
Estimated Weekly Salary: 1,947 ZAR per week
Estimated Hourly Salary: 49 ZAR per hour
Values are pre-tax Last revision of data: 2025-01-04Comparing salary to last year:
Estimated Yearly Salary: 97,560 ZAREstimated Monthly Salary: 8,130 ZAR
Estimated Weekly Salary: 1,876 ZAR per week
Estimated Hourly Salary: 47 ZAR per hour
Last revision of data: 2024-01-08Mortgage Loan Processor estimated salary in USD
For easier comparison here is an estimated salary in USD:Estimated Yearly Salary: 5,061 USD
Estimated Monthly Salary: 422 USD
Estimated Weekly Salary: 97 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
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Salary comparison to National average
South Africa is a diverse and vibrant country located at the southernmost tip of the African continent. It has a population of approximately 59 million people and covers an area of around 1.2 million square kilometers. The country is known for its rich cultural heritage, stunning landscapes, and abundant wildlife.
Estimated national average yearly salary is 126,956 ZAR (6,780 USD). Value indicated is pre-tax. Below graph shows estimated Mortgage Loan Processor job salary compared to average salary in South Africa.
Comparison shows that a person working as Mortgage Loan Processor in South Africa earns on average:
0.8 times the average salary (or 80% of average salary).
Estimated national average yearly salary is 126,956 ZAR (6,780 USD). Value indicated is pre-tax. Below graph shows estimated Mortgage Loan Processor job salary compared to average salary in South Africa.
Comparison shows that a person working as Mortgage Loan Processor in South Africa 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 111,387 ZAR and 146,828 ZAR. However this is an estimation based on Gaussian Distribution.How much can you save working as Mortgage Loan Processor in South Africa?
Living in South Africa the approximate monthly expenses are: 271 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: 101,261 ZAR
Estimated Monthly Salary: 8,438 ZAR
Estimated Weekly Salary: 1,947 ZAR per week
Estimated Hourly Salary: 49 ZAR per hour
By working as Mortgage Loan Processor a person can save up to 151 USD per month or 1,807 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 South Africa, see costs of living in South Africa.
Salary comparison to region and neighbouring coutries
Country's neighbours are: Namibia, Botswana, Zimbabwe, Mozambique, Eswatini, Lesotho. 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
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 South Africa
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Data as of 2025Random salary:
Technical support technician (77,399 ZAR per year, pre-tax.)
Private equity fund administrator (180,488 ZAR per year, pre-tax.)
Project leader general (182,812 ZAR per year, pre-tax.)
Yard foreman (95,173 ZAR per year, pre-tax.)
Technical support engineer semiconductor equipment (132,951 ZAR per year, pre-tax.)
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This website displays salary figures exclusively for reference use. While we strive for accuracy, we cannot guarantee the precision of all figures. Users must verify salary details with reliable sources before making career-related decisions. Salary estimates can fluctuate based on numerous elements, such as company size, negotiation tactics, and industry demand. We accept no liability for errors in the salary estimates provided. By accessing this website, you accept that salary data is subject to change.