As of May 01, 2025, the average annual salary for a Mortgage Loan Processor I in Colorado is $45,368. Salary.com reports that pay typically ranges from $41,904 to $49,264, with most professionals earning between $38,750 and $52,812.
| Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
|
| 75th Percentile | $49,264 | $4,105 | $947 | $24 |
| Average | $45,368 | $3,781 | $872 | $22 |
| 25th Percentile | $41,904 | $3,492 | $806 | $20 |
An entry-level Mortgage Loan Processor I with under 1 year experience makes about $45,109. With less than 2 years of experience, a mid-level Mortgage Loan Processor I makes around $45,484. After 2-4 years, the Mortgage Loan Processor I pay rises to about $46,356. Those senior Mortgage Loan Processor I with 5-8 years of experience earn roughly $46,531, and those Mortgage Loan Processor I having 8 years or more experience are expected to earn about $46,647 on average.
| Levels | Salary |
|---|---|
| Entry Level Mortgage Loan Processor I | $45,109 |
| Intermediate Level Mortgage Loan Processor I | $45,484 |
| Senior Level Mortgage Loan Processor I | $46,356 |
| Specialist Level Mortgage Loan Processor I | $46,531 |
| Expert Level Mortgage Loan Processor I | $46,647 |
| Entry Level | 1% |
| Mid Level | 2% |
| Senior Level | 4% |
| Top Level | 5% |
| Experienced | 5% |
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Mortgage Loan Processor I salary varies from city to city. Compared with national average salary of Mortgage Loan Processor I, the highest Mortgage Loan Processor I salary is in San Francisco, CA, where the Mortgage Loan Processor I salary is 24.9% above. The lowest Mortgage Loan Processor I salary is in Miami, FL, where the Mortgage Loan Processor I salary is 3.9% lower than national average salary.
| City, State | Price | Compared to national average |
|---|---|---|
| San Francisco, CA | $55,532 |
24.9%
|
| Washington, DC | $49,232 |
10.7%
|
| Miami, FL | $42,722 |
|
| Chicago, IL | $45,950 |
3.3%
|
| Boston, MA | $49,592 |
11.5%
|
| New York, NY | $51,530 |
15.9%
|
