Loan Processor Salary at Mba Mortgage Corp BETA

How much does a Mba Mortgage Corp Loan Processor make?

As of March 2025, the average annual salary for a Loan Processor at Mba Mortgage Corp is $42,564, which translates to approximately $20 per hour. Salaries for Loan Processor at Mba Mortgage Corp typically range from $38,382 to $47,009, reflecting the diverse roles within the company.

It's essential to understand that salaries can vary significantly based on factors such as geographic location, departmental budget, and individual qualifications. Key determinants include years of experience, specific skill sets, educational background, and relevant certifications. For a more tailored salary estimate, consider these variables when evaluating compensation for this role.

DISCLAIMER: The salary range presented here is an estimation that has been derived from our proprietary algorithm. It should be noted that this range does not originate from the company's factual payroll records or survey data.

MBA Mortgage Corp Overview

Website:
mbamortgageteam.com
Size:
25 - 50 Employees
Revenue:
$5M - $10M
Industry:
Financial Services

MBA Mortgage offers a complete line of mortgage planning tools and secured mortgage loan products to both residential and commercial borrowing clients. Headquartered in South Boston, Massachusetts, MBA is dedicated to delivering the highest quality of customer satisfactions via its unique hands on approach. We take great pride in providing mortgage solutions tailored to meet the long term financial needs of our clients. Our experienced mortgage consultants make it easy for you to spend as little time as possible on the application process, while at the same time experiencing the very best service and best possible rates. We are a full service provider of mortgage products, including: Purchases Refinances Primary Residences Second Homes Investment Properties Commercial Properties Construction Loans Home Equity Loans Condominiums Townhouses Superior Rates and Low Closing Costs There are no hidden fees and closing costs are substantially less than conventional banks Products to Meet All Your Needs Traditional fixed and adjustable-rate mortgages with standard down-payments Stretched mortgages with higher debt/income ratios and no down payments Mortgages for primary residences, investment properties, vacations or second homes, and refinancing of existing loans Credit repair programs for clients with damaged credit Premium Service Knowledgeable mortgage consultants provide impartial advice and oversee each step of the process Applications easily taken over the telephone or one on one at our office or your office/home Complete pre-qualification and pre-approval programs Rapid approvals utilizing our automated underwriting Convenient closings at your office or home Whether you are looking for your Dream Home or an Investment for the future, MBA Mortgage is well equipped and experienced to guide you through the financing process of becoming a Home Owner.

See similar companies related to Mba Mortgage Corp

What Skills Does a person Need at Mba Mortgage Corp?

At Mba Mortgage Corp, specify the abilities and skills that a person needs in order to carry out the specified job duties. Each competency has five to ten behavioral assertions that can be observed, each with a corresponding performance level (from one to five) that is required for a particular job.

  1. Customer Service: Customer service is the provision of service to customers before, during and after a purchase. The perception of success of such interactions is dependent on employees "who can adjust themselves to the personality of the guest". Customer service concerns the priority an organization assigns to customer service relative to components such as product innovation and pricing. In this sense, an organization that values good customer service may spend more money in training employees than the average organization or may proactively interview customers for feedback. From the point of view of an overall sales process engineering effort, customer service plays an important role in an organization's ability to generate income and revenue. From that perspective, customer service should be included as part of an overall approach to systematic improvement. One good customer service experience can change the entire perception a customer holds towards the organization.
  2. Mortgage Loans: A mortgage loan or, simply, mortgage (/ˈmɔːrɡɪdʒ/) is used either by purchasers of real property to raise funds to buy real estate, or alternatively by existing property owners to raise funds for any purpose, while putting a lien on the property being mortgaged. The loan is "secured" on the borrower's property through a process known as mortgage origination. This means that a legal mechanism is put into place which allows the lender to take possession and sell the secured property ("foreclosure" or "repossession") to pay off the loan in the event the borrower defaults on the loan or otherwise fails to abide by its terms. The word mortgage is derived from a Law French term used in Britain in the Middle Ages meaning "death pledge" and refers to the pledge ending (dying) when either the obligation is fulfilled or the property is taken through foreclosure. A mortgage can also be described as "a borrower giving consideration in the form of a collateral for a benefit (loan)".
  3. Underwriting: Underwriting services are provided by some large financial institutions, such as banks, or insurance or investment houses, whereby they guarantee payment in case of damage or financial loss and accept the financial risk for liability arising from such guarantee. An underwriting arrangement may be created in a number of situations including insurance, issue of securities in a public offering, and bank lending, among others. The person or institution that agrees to sell a minimum number of securities of the company for commission is called the underwriter. The name derives from the Lloyd's of London insurance market. Financial bankers, who would accept some of the risk on a given venture (historically a sea voyage with associated risks of shipwreck) in exchange for a premium, would literally write their names under the risk information that was written on a Lloyd's slip created for this purpose.
  4. Loan Processing: The steps taken by an institution lender from the time a request for a loan application is received to the time the loan is approved or denied, including taking the application, credit investigation, evaluation of the loan and other steps.
  5. specimen processing: A specimen processor receives and processes specimens such as blood and urine samples in a laboratory, captures data and handles client and healthcare practitioner inquiries

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Check more jobs information at Mba Mortgage Corp

Job Title Average Mba Mortgage Corp Salary Hourly Rate
2 Branch Manager $66,662 $32
3 Manager, Operations $104,146 $50
4 President $756,821 $364
5 Mortgage Associate $121,635 $58
6 Mortgage Broker $58,504 $28
7 Senior Loan Officer $84,475 $41
8 Senior Loan Originator $83,246 $40
9 Associate Loan Officer $64,749 $31
10 Loan Officer $58,504 $28
11 Loan Processor $41,372 $20
12 Mortgage Loan Officer $43,927 $21
13 Junior Associate $94,896 $46

Hourly Pay at Mba Mortgage Corp

The average hourly pay at Mba Mortgage Corp for a Loan Processor is $20 per hour. The location, department, and job description all have an impact on the typical compensation for Mba Mortgage Corp positions. The pay range and total remuneration for the job title are shown in the table below. Mba Mortgage Corp may pay a varying wage for a given position based on experience, talents, and education.
How accurate does $42,564 look to you?

FAQ about Salary and Jobs at Mba Mortgage Corp

1. How much does Mba Mortgage Corp pay per hour?
The average hourly pay is $20. The salary for each employee depends on several factors, including the level of experience, work performance, certifications and skills.
2. What is the highest salary at Mba Mortgage Corp?
According to the data, the highest approximate salary is about $47,009 per year. Salaries are usually determined by comparing other employees’ salaries in similar positions in the same region and industry.
3. What is the lowest pay at Mba Mortgage Corp?
According to the data, the lowest estimated salary is about $38,382 per year. Pay levels are mainly influenced by market forces, supply and demand, and social structures.
4. What steps can an employee take to increase their salary?
There are various ways to increase the wage. Level of education: An employee may receive a higher salary and get a promotion if they obtain advanced degrees. Experience in management: an employee with supervisory experience can increase the likelihood to earn more.