As of December 01, 2024, the average annual pay of Mortgage Loan Processor I in IL is $46,584. While Salary.com is seeing that Mortgage Loan Processor I salary in IL can go up to $58,159 or down to $38,347, but most earn between $42,272 and $52,643. 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.
| 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 |
An entry-level Mortgage Loan Processor I with under 1 year experience makes about $46,037. With less than 2 years of experience, a mid-level Mortgage Loan Processor I makes around $46,537. After 2-4 years, the Mortgage Loan Processor I pay rises to about $47,886. Those senior Mortgage Loan Processor I with 5-8 years of experience earn roughly $48,156, and those Mortgage Loan Processor I having 8 years or more experience are expected to earn about $48,336 on average.
| Levels | Salary |
|---|---|
| Entry Level Mortgage Loan Processor I | $46,037 |
| Intermediate Level Mortgage Loan Processor I | $46,537 |
| Senior Level Mortgage Loan Processor I | $47,886 |
| Specialist Level Mortgage Loan Processor I | $48,156 |
| Expert Level Mortgage Loan Processor I | $48,336 |
| Entry Level | 1% |
| Mid Level | 2% |
| Senior Level | 5% |
| Top Level | 6% |
| Experienced | 6% |
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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 25.0% above. The lowest Mortgage Loan Processor I salary is in Miami, FL, where the Mortgage Loan Processor I salary is 3.5% lower than national average salary.
| City, State | Price | Compared to national average |
|---|---|---|
| San Francisco, CA | $56,921 |
25.0%
|
| Washington, DC | $50,683 |
11.3%
|
| Miami, FL | $43,943 |
|
| Chicago, IL | $47,768 |
4.9%
|
| Boston, MA | $51,047 |
12.1%
|
| New York, NY | $53,187 |
16.8%
|
