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As of August 01, 2026, the average salary for a Mortgage Lending Processor III in Tennessee is $59,200 per year, which breaks down to an hourly rate of $28.
However, a Mortgage Lending Processor III's salary can vary significantly. Here’s a look at the typical salary range:
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Mortgage Lending Processor III Salaries by Percentile
| Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
|
| 75th Percentile | $65,600 | $5,467 | $1,262 | $32 |
| Average | $59,200 | $4,933 | $1,138 | $28 |
| 25th Percentile | $53,800 | $4,483 | $1,035 | $26 |
Hoosier Hills Credit Union - TELL CITY, IN
Reliance Savings Bank - ALTOONA, PA
Loomis US - NASHVILLE, TN
Loomis US - LIHUE, HI
A Mortgage Lending Processor III's salary isn't a fixed number. It's shaped by several important factors. Below, we'll explore how your years of experience, geographic location, and company size can directly affect your earning potential.
Experience is a primary driver of a Mortgage Lending Processor III's salary. As you build your skills and take on more complex tasks, your compensation generally increases. Here's how the average salary grows at different career stages:
| Levels | Salary |
|---|---|
| Entry Level Mortgage Lending Processor III | $56,779 |
| Intermediate Level Mortgage Lending Processor III | $57,190 |
| Senior Level Mortgage Lending Processor III | $58,671 |
| Specialist Level Mortgage Lending Processor III | $61,618 |
| Expert Level Mortgage Lending Processor III | $62,851 |
What Am I Worth?
Your salary can change significantly depending on where you work. States with a higher cost of living and strong industrial sectors often pay more to attract Mortgage Lending Processor IIIs. For example, consider the average annual salaries in these key locations:
Salaries can also vary between different cities. Major metropolitan areas or cities with a high demand for technicians often offer more competitive pay. Here are a few examples of average annual salaries in different U.S. cities:
Mortgage Lending Processor III salary potential scales significantly with company size. Data shows that Enterprise companies (5,000+ employees) pay the highest average salary at around $63,073. While startup companies pay approximate $53,558.
| Company Size | Employees | Average Salary |
|---|---|---|
| Startup | 1~50 | $53,558 |
| Growth Stage | 51~500 | $56,597 |
| Established | 501~5000 | $60,964 |
| Enterprise | 5000+ | $63,073 |
For Mortgage Lending Processor III roles, the industry you choose can impact your earning potential by as much as 40% (the gap between the highest and lowest paying industries). Data shows that the highest-paying industry, Business Services, offers compensation 20% above the average. Conversely, Mortgage Lending Processor positions in Edu., Gov't. & Nonprofit typically offer lower base pay, as this sector often view Mortgage Lending Processor III as a support function rather than a direct revenue driver.
| Industry Sector | Average Annual Salary | Average Hourly Rate | Pay vs.Avg |
|---|---|---|---|
| Business Services | $71,040 | $34.0 | 20% |
Understanding how a Mortgage Lending Processor III's annual salary breaks down can help with budgeting. Below, you can see the average hourly rate, weekly pay, and monthly pay for this role. Use the buttons to switch between different pay periods.
| Annual Salary | Monthly Pay | Weekly Pay | Hourly Wage | |
|---|---|---|---|---|
| 75th Percentile | $65,600 | $5,467 | $1,262 | $32 |
| Average | $59,200 | $4,933 | $1,138 | $28 |
| 25th Percentile | $53,800 | $4,483 | $1,035 | $26 |
Promotions are the fastest way to increase your earnings. As a Mortgage Lending Processor III, you have the following paths for advancement. The table below compares the salary raises for common next-step roles. By comparing these figures, you can choose the career path that best meets your financial goals.
| Next Step Role | Estimate Salary | Projected Raise |
|---|---|---|
| Loan Closing Supervisor | $65,000 | 10% |
| Consumer Loan Processing Supervisor | $59,880 | 1% |
Ready to take the next step in your career? Browse thousands of current Mortgage Lending Processor III job openings on our job board. Use the search bar below to find your perfect match.
Midland States Bank
SUNSET HILLS, MO
Midland States Bank | SUNSET HILLS, MO
Mortgage Careers- All Levels At Midland States Bank, base salary is one component of our Total Rewards program. Exact compensation is determined by factors... more
7 Days Ago
North Easton Savings Bank
EASTON, MA
North Easton Savings Bank | EASTON, MA
Description: Position Summary The CRE Commercial Relationship Manager is responsible for developing and managing a portfolio of high-quality commercial loa... more
14 Days Ago
Altra Federal Credit Union
CLARKSVILLE, TN
Altra Federal Credit Union | CLARKSVILLE, TN
Real Estate / Mortgage Loan Originator, Madison Street Office, Clarksville TN Since 1931, Altra Federal Credit Union has been committed to helping members ... more
3 Days Ago
HomeXpress Mortgage Corp
SANTA ANA, CA
HomeXpress Mortgage Corp | SANTA ANA, CA
Company Description HomeXpress – Your Leading Non-QM Mortgage Lender Join our growing team and be part of the Top Non-QM Lender in the Business We are know... more
6 Days Ago
JPMorgan Chase
CHARLOTTE, NC
JPMorgan Chase | CHARLOTTE, NC
Description Join our dynamic team as a Program/Project Manager and lead transformative projects that shape the future of our industry. This is a unique opp... more
5 Days Ago
Generations Home Loans
STOCKTON, CA
Generations Home Loans | STOCKTON, CA
Generations Home Loans in Seattle, WA is seeking a driven Mortgage Loan Officer to grow production and build a high-performing team. You’ll originate purch... more
19 Days Ago
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