How much does a Mortgage Loan Processor I make in Wayne, NJ?
As of April 01, 2025, the average annual salary for a Mortgage Loan Processor I in Wayne, NJ is $50,797. Salary.com reports that pay typically ranges from $46,918 to $55,160, with most professionals earning between $43,387 and $59,132.
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 $50,507.
With less than 2 years of experience, a mid-level Mortgage Loan Processor I makes around $50,927.
After 2-4 years, the Mortgage Loan Processor I pay rises to about $51,904.
Those senior Mortgage Loan Processor I with 5-8 years of experience earn roughly $52,099, and those Mortgage Loan Processor I having 8 years or more experience are expected to earn about $52,229 on average.
Levels |
Salary |
Entry Level Mortgage Loan Processor I
|
$50,507
|
Intermediate Level Mortgage Loan Processor I
|
$50,927
|
Senior Level Mortgage Loan Processor I
|
$51,904
|
Specialist Level Mortgage Loan Processor I
|
$52,099
|
Expert Level Mortgage Loan Processor I
|
$52,229
|
$50,507
0 yr
$50,927
< 2 yrs
$51,904
2-4 yrs
$52,099
5-8 yrs
$52,229
> 8 yrs
Last Updated on April 01, 2025
Entry Level
|
14%
|
Mid Level
|
15%
|
Senior Level
|
17%
|
Top Level
|
17%
|
Experienced
|
17%
|
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Last Updated on April 01, 2025