Mortgage Clerk salary in United States Of America

Average Yearly Salary of Mortgage Clerk in United States Of America is approximately 42,440 USD (42,502 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 Clerk do?

A mortgage clerk is responsible for assisting in the processing and documentation of mortgage loans. Their primary role involves gathering and verifying financial information, such as income, credit history, and employment details, from loan applicants. They also review loan applications for completeness and accuracy, ensuring all necessary documents are included. Mortgage clerks work closely with loan officers and underwriters to ensure a smooth loan approval process. They may communicate with borrowers, lenders, and other parties involved in the mortgage transaction to request additional information or clarify details. Additionally, they maintain accurate records of loan applications and update loan files as needed. Attention to detail, strong organizational skills, and knowledge of mortgage regulations and procedures are essential for success in this occupation.

Skills: Mortgage clerk, Loan processing, Documentation, Financial verification, Loan application, Mortgage regulations
Job industry: Finance

How much does Mortgage Clerk 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 Clerk a well paid job?

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

What is considered a high salary for Mortgage Clerk?

High salary for Mortgage Clerk would be somewhere between 46,684 USD and 61,538 USD. However this is an estimation based on Gaussian Distribution.

How much can you save working as Mortgage Clerk in United States Of America?

Living in United States Of America 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: 42,440 USD
Estimated Monthly Salary: 3,537 USD
Estimated Weekly Salary: 816 USD per week
Estimated Hourly Salary: 20 USD per hour
By working as Mortgage Clerk a person can save up to 1,262 USD per month or 15,142 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 Of America, see costs of living in United States Of America.

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 Clerk

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.

Top 10 highest salaries in United States Of America

Data as of 2025

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