Mortgage Loan Processor salary in United States

Average Yearly Salary of Mortgage Loan Processor in United States is approximately 42,363 USD (42,338 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

How much does Mortgage Loan Processor make?

Difference in salary year over year or average salary increase is approximately 3 %


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Salary comparison to National average

Is Mortgage Loan Processor a well paid job?

No, our data shows that Mortgage Loan Processor is typically not a well-paid job. The salary varies based on experience. Meaning that even though Mortgage Loan Processor might be a low paying job, with experience the salary might increase to satisfactory levels.

What is considered a high salary for Mortgage Loan Processor?

High salary for Mortgage Loan Processor would be somewhere between 46,599 USD and 61,426 USD. However this is an estimation based on Gaussian Distribution.

How much can you save working as Mortgage Loan Processor in United States?

Living in United States the approximate monthly expenses are: 2,280 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: 42,363 USD
Estimated Monthly Salary: 3,530 USD
Estimated Weekly Salary: 815 USD per week
Estimated Hourly Salary: 20 USD per hour
By working as Mortgage Loan Processor a person can save up to 1,248 USD per month or 14,978 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 United States, see costs of living in United States.

Salary comparison to region and neighbouring coutries

Country's neighbours are: Canada, Mexico.
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: 2025-01-04

Salary 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 increase

NOTE: Details based on limited set of data. Percentages may vary. The salary increase over years of experience can vary widely based on factors such as job industry, job role, location, company size, and individual performance. To gain even larger increase in salary one is advised to switch jobs and / or employer.

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Data as of 2025

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