As of February 01, 2025, the average annual salary for a Mortgage Loan Processor I in Rio Rancho, NM is $42,879. Salary.com reports that pay typically ranges from $38,909 to $48,457, with most professionals earning between $35,296 and $53,536.
| Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
|
| 75th Percentile | $51,715 | $4,310 | $995 | $25 |
| Average | $45,762 | $3,813 | $880 | $22 |
| 25th Percentile | $41,525 | $3,460 | $799 | $20 |
An entry-level Mortgage Loan Processor I with under 1 year experience makes about $42,167. With less than 2 years of experience, a mid-level Mortgage Loan Processor I makes around $42,625. After 2-4 years, the Mortgage Loan Processor I pay rises to about $43,861. Those senior Mortgage Loan Processor I with 5-8 years of experience earn roughly $44,108, and those Mortgage Loan Processor I having 8 years or more experience are expected to earn about $44,273 on average.
| Levels | Salary |
|---|---|
| Entry Level Mortgage Loan Processor I | $42,167 |
| Intermediate Level Mortgage Loan Processor I | $42,625 |
| Senior Level Mortgage Loan Processor I | $43,861 |
| Specialist Level Mortgage Loan Processor I | $44,108 |
| Expert Level Mortgage Loan Processor I | $44,273 |
| Entry Level | 8% |
| Mid Level | 7% |
| Senior Level | 4% |
| Top Level | 4% |
| Experienced | 3% |
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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 |
|---|---|---|
|
Leadership
|
$46,738 |
9%
|
|
Sense Of Urgency
|
$45,880 |
7%
|
|
Wholesale
|
$45,880 |
7%
|
|
Initiative
|
$45,023 |
5%
|
|
Dedication
|
$45,023 |
5%
|
|
Onboarding
|
$45,023 |
5%
|
