How much does a Mortgage Loan Processor I make in Oxford, MD? The average Mortgage Loan Processor I salary in Oxford, MD is $48,187 as of August 27, 2024, but the range typically falls between $43,727 and $54,453. 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.
Percentile | Salary | Location | Last Updated |
10th Percentile Mortgage Loan Processor I Salary | $39,666 | Oxford,MD | August 27, 2024 |
25th Percentile Mortgage Loan Processor I Salary | $43,727 | Oxford,MD | August 27, 2024 |
50th Percentile Mortgage Loan Processor I Salary | $48,187 | Oxford,MD | August 27, 2024 |
75th Percentile Mortgage Loan Processor I Salary | $54,453 | Oxford,MD | August 27, 2024 |
90th Percentile Mortgage Loan Processor I Salary | $60,158 | Oxford,MD | August 27, 2024 |
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.
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.
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.
Diagnostic Testing: Diagnostic Testing carried out to diagnose a condition, disease, or illness in people who are displaying specific signs of possible illness.
Skill | Salary | Demand |
---|---|---|
Communication Skills
|
$49,151 |
2%
|
Problem Solving
|
$48,669 |
1%
|
Verbal Communication
|
$48,669 |
1%
|
Organizational Skills
|
$48,669 |
1%
|
Organizational Skills
|
$48,669 |
1%
|
Organizational Skills
|
$48,669 |
1%
|
What Should I Pay?
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 2024 Salary.com)... View full job description
See user submitted job responsibilities for Mortgage Loan Processor I.
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A career path is a sequence of jobs that leads to your short- and long-term career goals. Some follow a linear career path within one field, while others change fields periodically to achieve career or personal goals.
For Mortgage Loan Processor I, the first career path typically starts with a Loan Processor II position, and then Loan Processing Supervisor.
The second career path typically starts with a Commercial Loan Processor position, and then progresses to Loan Processing Assistant Manager.
Additionally, the third career path typically starts with a Mortgage Loan Processor II position, and then progresses to Loan Processing Manager.
Salary.com's CompAnalyst platform offers:
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.
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Job Title | Experience | EDUCATION | Salary Compared to This Job |
---|---|---|---|
Job Title Commercial Loan Processor | Experience 1 - 3 | EducationAssociates | Salary Compared to This Job |
Job Title Loan Processor I | Experience 0 - 1 | EducationHigh School | Salary Compared to This Job |
Job Title Loan Processor II | Experience 1 - 3 | EducationHigh School | Salary Compared to This Job |
Job Title Loan Processor III | Experience 3 - 5 | EducationHigh School | Salary Compared to This Job |
Job Title Mortgage Loan Officer I | Experience 0 - 2 | EducationBachelors | Salary Compared to This Job |
Jobs with different levels of education may pay very differently. Check the Mortgage Loan Processor I salary of your education level.
A job category is a classification or grouping of job positions that share similar characteristics, functions, or industries. Mortgage Loan Processor I salary varies from category to category. Click below to see Mortgage Loan Processor I salary in different categories.
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About Oxford, Maryland Oxford is a waterfront town and former colonial port in Talbot County, Maryland, United States. The population was 651 at the 2010 census. Oxford is l....More
Oxford, Maryland area prices were up 1.5% from a year ago View the Cost of Living in Oxford, Maryland
Mortgage Loan Processor I Salary in popular cities: Baltimore, Columbia, Germantown
Skills associated with Mortgage Loan Processor I: Banking Software, Quality Assurance Process, Loan Processing, Loan Software ...More
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