How much does a Mortgage Loan Processor I make in the United States? The average Mortgage Loan Processor I salary in the United States is $41,390 as of April 26, 2022, but the range typically falls between $37,453 and $46,666. Salary ranges can vary widely depending on many important factors, including education, certifications, additional skills, the number of years you have spent in your profession. With more online, real-time compensation data than any other website, Salary.com helps you determine your exact pay target.
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Mortgage Loan Processor I performs administrative tasks for mortgage loan processing. Collects and prepares necessary information such as loan applications, credit documents, and appraisals to process and complete mortgage loan files. Being a Mortgage Loan Processor I verifies all documentation for accuracy and completeness. Tracks and monitors due dates. Additionally, Mortgage Loan Processor I ensures all documents are prepared and finalized in compliance with regulatory policies and procedures. Inputs and maintains all required transaction and processing records according to procedures. Responds to inquiries. Prepares required regulatory reporting. Requires a high school diploma or equivalent. Typically reports to a supervisor. The Mortgage Loan Processor I works under the close direction of senior personnel in the functional area. Possesses a moderate understanding of general aspects of the job. May require 0-1 year of general work experience. (Copyright 2022 Salary.com)... View full job description
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Job Title | Experience | EDUCATION | Salary Compared to This Job |
---|---|---|---|
Job Title Commercial Loan Processor | Experience 1 - 3 | EducationAssociates | Salary Compared to This Job |
Job Title Loan Processor I | Experience 0 - 1 | EducationHigh School | Salary Compared to This Job |
Job Title Loan Processor II | Experience 1 - 3 | EducationHigh School | Salary Compared to This Job |
Job Title Loan Processor III | Experience 2 - 5 | EducationHigh School | Salary Compared to This Job |
Job Title Mortgage Loan Officer I | Experience 0 - 2 | EducationBachelors | Salary Compared to This Job |
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Skills associated with Mortgage Loan Processor I: Quality Assurance Process, Banking Software, Loan Software, Loan Processing ...More
Salary estimation for Mortgage Loan Processor I at companies like : FS BANCORP INC, LTC PROPERTIES INC, SILVERCREST ASSET MGT
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