Mortgage Loan Processor I Salary in the United States

Mortgage Loan Processor I Salary

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 $38,363 as of September 25, 2020, but the range typically falls between $34,627 and $43,370. 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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Salary Salary + Bonus Benefits
25% $34,627 10% $31,226 90% $47,929 75% $43,370 $38,363 50%(Median)
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Job Description for Mortgage Loan Processor I

Mortgage Loan Processor I obtains necessary information (i.e., loan applications, credit documents, appraisals, etc.) to process and complete mortgage loan files. Verifies all documentation for accuracy and completeness. Being a Mortgage Loan Processor I ensures all documents are prepared and finalized in compliance with policies and procedures. Provides management with reports of loan activities. Additionally, Mortgage Loan Processor I requires a high school diploma or its equivalent. Typically reports to a supervisor. The Mortgage Loan Processor I possesses a moderate understanding of general aspects of the job. Works under the close direction of senior personnel in the functional area. May require 0-1 year of general work experience. (Copyright 2020 Salary.com)... View full job description

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Job Openings for Mortgage Loan Processor I
Those that have already made the climb...
Pamela J. Shelley-Kessler, Executive Vice President, Chief Financial Officer and Corporate Secretary
LTC PROPERTIES INC
LTC is a real estate investment trust (REIT) investing in seniors housing and health care properties primarily through sale-leasebacks, mortgage financing, joint-ventures and structured finance solutions including preferred equity and mezzanine lending. LTC holds more than 200 investments in 28 states with 29 operating... More
Fiscal Year Ended in 2018
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Mortgage Loan Processor I Pay Difference by Location

City, State Compared to national average
City, State San Francisco, CA Compared to national average
+ 25.0%
City, State Washington, DC Compared to national average
+ 11.3%
City, State Miami, FL Compared to national average
-2.6%
City, State Chicago, IL Compared to national average
+ 6.1%
City, State Boston, MA Compared to national average
+ 12.7%
City, State New York, NY Compared to national average
+ 20.3%
City, State Dallas, TX Compared to national average
-0.7%

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Understand the total compensation opportunity for a Mortgage Loan Processor I, base salary plus other pay elements

Average Base Salary

Core compensation

 
 
 
34627
43370
38363

Average Total Cash Compensation

Includes base and annual incentives

 
 
 
35699
44768
39783
These charts show the average base salary (core compensation), as well as the average total cash compensation for the job of Mortgage Loan Processor I in the United States. The base salary for Mortgage Loan Processor I ranges from $34,627 to $43,370 with the average base salary of $38,363. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $35,699 to $44,768 with the average total cash compensation of $39,783.
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34627
43370

 

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Skills associated with Mortgage Loan Processor I: Banking Software, Mortgage Loans, Loan Processing, Loan Software ...More

Salary estimation for Mortgage Loan Processor I at companies like : FS BANCORP INC, HIGHLANDS BANKSHARES INC /VA/, LTC PROPERTIES INC