How much does a Mortgage Loan Processor I make in Salem, MA?
As of April 01, 2025, the average annual salary for a Mortgage Loan Processor I in Salem, MA is $49,534. Salary.com reports that pay typically ranges from $45,752 to $53,788, with most professionals earning between $42,309 and $57,662.
How much does a Mortgage Loan Processor I make by hour, week, month, and year?
Salary.com provides you with accurate and diversified Mortgage Loan Processor I salary data based on specialized databases to help you get a fairer salary.
Click the switch button below to see more details about Mortgage Loan Processor I hourly pay, weekly pay, monthly pay and so on.
Last Updated on April 01, 2025
|
Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
75th Percentile |
$48,284 |
$4,024 |
$929 |
$23 |
Average |
$44,465 |
$3,705 |
$855 |
$21 |
25th Percentile |
$41,070 |
$3,423 |
$790 |
$20 |
Last Updated on April 01, 2025
How Does Experience Level Affect a Mortgage Loan Processor I's Salary?
An entry-level Mortgage Loan Processor I with under 1 year experience makes about $49,252.
With less than 2 years of experience, a mid-level Mortgage Loan Processor I makes around $49,661.
After 2-4 years, the Mortgage Loan Processor I pay rises to about $50,613.
Those senior Mortgage Loan Processor I with 5-8 years of experience earn roughly $50,804, and those Mortgage Loan Processor I having 8 years or more experience are expected to earn about $50,931 on average.
Levels |
Salary |
Entry Level Mortgage Loan Processor I
|
$49,252
|
Intermediate Level Mortgage Loan Processor I
|
$49,661
|
Senior Level Mortgage Loan Processor I
|
$50,613
|
Specialist Level Mortgage Loan Processor I
|
$50,804
|
Expert Level Mortgage Loan Processor I
|
$50,931
|
$49,252
0 yr
$49,661
< 2 yrs
$50,613
2-4 yrs
$50,804
5-8 yrs
$50,931
> 8 yrs
Last Updated on April 01, 2025
Entry Level
|
11%
|
Mid Level
|
12%
|
Senior Level
|
14%
|
Top Level
|
14%
|
Experienced
|
15%
|
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Last Updated on April 01, 2025