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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Based on HR-reported data: a national average with a geographic differential
25% $37,453 10% $33,869 90% $51,471 75% $46,666 $41,390 50%(Median)
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Check out Mortgage Loan Processor jobs in Virginia

Mortgage Loan Officer

The Freedom Bank of Virginia - Chantilly, VA

Mortgage Loan Processor

StraussGroup - Executive Search Consultants - Dumfries, VA

Mortgage Loan Processor

StraussGroup - Executive Search Consultants - Fairfax, VA

Mortgage Post-Closing Specialist

Atlantic Coast Mortgage - Fairfax, VA

Job Description for Mortgage Loan Processor I

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 Openings for Mortgage Loan Processor I
Those that have already made the climb...
Pamela J. Shelley-Kessler, Co-President, Chief Financial Officer and Corporate Secretary
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 2020
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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

 
 
 
37453
46666
41390

Average Total Cash Compensation

Includes base and annual incentives

 
 
 
38700
48719
42955
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 $37,453 to $46,666 with the average base salary of $41,390. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $38,700 to $48,719 with the average total cash compensation of $42,955.
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37453
46666

 

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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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