How much does a Mortgage Loan Processor II make in the United States? The average Mortgage Loan Processor II salary in the United States is $41,212 as of April 27, 2020, but the range typically falls between $36,967 and $47,016. 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.
Mortgage Loan Processor II obtains necessary information (i.e., loan applications, credit documents, appraisals, etc.) to process and complete mortgage loan files. Verifies all documentation for accuracy and completeness. Being a Mortgage Loan Processor II ensures all documents are prepared and finalized in compliance with policies and procedures. Provides management with reports on loan activities. Additionally, Mortgage Loan Processor II requires a high school diploma or its equivalent. Typically reports to a supervisor. The Mortgage Loan Processor II gains or has attained full proficiency in a specific area of discipline. Works under moderate supervision. To be a Mortgage Loan Processor II typically requires 1-3 years of related experience. (Copyright 2020 Salary.com)... View full job description
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These charts show the average base salary (core compensation), as well as the average total cash compensation for the job of Mortgage Loan Processor II in the United States. The base salary for Mortgage Loan Processor II ranges from $36,967 to $47,016 with the average base salary of $41,212. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $37,974 to $49,238 with the average total cash compensation of $42,610.