As of March 01, 2025, the average annual salary for a Mortgage Loan Processor I in Virginia is $46,011. Salary.com reports that pay typically ranges from $41,751 to $51,996, with most professionals earning between $37,872 and $57,445.
| Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
|
| 75th Percentile | $51,840 | $4,320 | $997 | $25 |
| Average | $45,873 | $3,823 | $882 | $22 |
| 25th Percentile | $41,626 | $3,469 | $800 | $20 |
An entry-level Mortgage Loan Processor I with under 1 year experience makes about $45,137. With less than 2 years of experience, a mid-level Mortgage Loan Processor I makes around $45,627. After 2-4 years, the Mortgage Loan Processor I pay rises to about $46,950. Those senior Mortgage Loan Processor I with 5-8 years of experience earn roughly $47,215, and those Mortgage Loan Processor I having 8 years or more experience are expected to earn about $47,391 on average.
| Levels | Salary |
|---|---|
| Entry Level Mortgage Loan Processor I | $45,137 |
| Intermediate Level Mortgage Loan Processor I | $45,627 |
| Senior Level Mortgage Loan Processor I | $46,950 |
| Specialist Level Mortgage Loan Processor I | $47,215 |
| Expert Level Mortgage Loan Processor I | $47,391 |
| Entry Level | 2% |
| Mid Level | 1% |
| Senior Level | 2% |
| Top Level | 3% |
| Experienced | 3% |
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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 | $57,341 |
25.0%
|
| Washington, DC | $51,057 |
11.3%
|
| Miami, FL | $44,267 |
|
| Chicago, IL | $48,121 |
4.9%
|
| Boston, MA | $51,424 |
12.1%
|
| New York, NY | $53,580 |
16.8%
|
