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What is the salary range of Mortgage Loan Processor I?

As of December 01, 2024, the average annual pay of Mortgage Loan Processor I in Hamden, CT is $49,135. While Salary.com is seeing that Mortgage Loan Processor I salary in Hamden, CT can go up to $61,343 or down to $40,446, but most earn between $44,586 and $55,525. Salary.com shows 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.

Mortgage Loan Processor I Salaries by Percentile
Annual
Salary
Monthly
Pay
Weekly
Pay
Hourly
Wage
75th Percentile $51,460 $4,288 $990 $25
Average $45,537 $3,795 $876 $22
25th Percentile $41,322 $3,444 $795 $20

Average Salary

25% $44,586 10% $40,446 90% $61,343 75% $55,525 $49,135 50%(Median) Didn’t find job title? Click
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Last Updated on December 01, 2024
Last Updated on December 01, 2024
Levels Salary
Entry Level Mortgage Loan Processor I $48,557
Intermediate Level Mortgage Loan Processor I $49,084
Senior Level Mortgage Loan Processor I $50,508
Specialist Level Mortgage Loan Processor I $50,792
Expert Level Mortgage Loan Processor I $50,982
$48,557 0 yr
$49,084 < 2 yrs
$50,508 2-4 yrs
$50,792 5-8 yrs
$50,982 > 8 yrs
Last Updated on December 01, 2024
Entry Level 7%
Mid Level 8%
Senior Level 11%
Top Level 12%
Experienced 12%
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Last Updated on December 01, 2024

Job Openings of Mortgage Loan Processor I

Salary.com job board provides millions of Mortgage Loan Processor I information for you to search for. Click on search button below to see Mortgage Loan Processor I job openings or enter a new job title here.

Cost of Living In Hamden, CT

Cost of Living in Hamden , CT is
19.9% Higher
than the National Average
Use Salary.com's Cost of Living Calculator to find out what income you need to maintain your standard of living in a different city and how much more or less money you need to budget for basic expenses.

Best-Paid Skills and Qualifications for Mortgage Loan Processor I

What skills does a Mortgage Loan Processor I need?

Each competency has five to ten behavioral assertions that can be observed, each with a corresponding performance level (from one to five) that is required for a particular job.

1.

Customer Service: Customer service is the provision of service to customers before, during and after a purchase. The perception of success of such interactions is dependent on employees "who can adjust themselves to the personality of the guest". Customer service concerns the priority an organization assigns to customer service relative to components such as product innovation and pricing. In this sense, an organization that values good customer service may spend more money in training employees than the average organization or may proactively interview customers for feedback. From the point of view of an overall sales process engineering effort, customer service plays an important role in an organization's ability to generate income and revenue. From that perspective, customer service should be included as part of an overall approach to systematic improvement. One good customer service experience can change the entire perception a customer holds towards the organization.

2.

Mortgage Lending: A mortgage loan is a secured loan that allows you to avail funds by providing an immovable asset, such as a house or commercial property, as collateral to the lender.

3.

Diagnostic Testing: Diagnostic Testing carried out to diagnose a condition, disease, or illness in people who are displaying specific signs of possible illness.

Customer Service 6.73%
Mortgage Lending 2.6%
Diagnostic Testing 1.53%
Others 89.14%
View as Table
What skills can make your compensation higher?
Mastering certain skills can make the compensation of a Mortgage Loan Processor I higher. Salary.com's Real-time Job Posting Salary Data provides you the latest highly compensated skills to help you get a higher pay. For example, if you master Leadership, you can get a 9% salary raise. If you are good at Sense Of Urgency, your salary will increase by 7%. If you are expert in Wholesale, your salary will rise by 7%.
Skill Salary Demand
Leadership
$53,557
9%
Sense Of Urgency
$52,574
7%
Wholesale
$52,574
7%
Initiative
$51,591
5%
Dedication
$51,591
5%
Onboarding
$51,591
5%
Last Updated on December 01, 2024

About Our Data

Salary.com salary estimates, histograms, trends, and comparisons are derived from both employer job postings and third-party data sources. We also provide multiple percentiles of salary information for your reference, click here to know Why the Salary Midpoint Formula Is Crucial to Getting Pay Equity Right. With more online, real-time compensation data than any other website, Salary.com helps you determine your exact pay target.

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The average salary for a Mortgage Loan Processor I is $49,135 per year in Hamden, CT, updated at December 01, 2024.
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