As of August 01, 2026, the average salary for a Mortgage Loan Processor II in the United States is $50,144 per year, which breaks down to an hourly rate of $24.
However, a Mortgage Loan Processor II's salary can vary significantly. Here’s a look at the typical salary range:
Mortgage Loan Processor II Salaries by Percentile
| Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
|
|---|---|---|---|---|
| 75th Percentile | $55,166 | $4,597 | $1,061 | $27 |
| Average | $50,144 | $4,179 | $964 | $24 |
| 25th Percentile | $46,342 | $3,862 | $891 | $22 |
A Mortgage Loan Processor II's salary isn't a fixed number. It's shaped by several important factors. Below, we'll explore how your years of experience, geographic location, education and company size can directly affect your earning potential.
Experience is a primary driver of a Mortgage Loan Processor II's salary. As you build your skills and take on more complex tasks, your compensation generally increases. Here's how the average salary grows at different career stages:
| Job Role | Years of Experience | Average Salary |
|---|---|---|
| Mortgage Loan Processor I | 0-1 years | $45,020 |
| Mortgage Loan Processor II | 1-3 years | $50,144 |
| Loan Processing Manager | 3-5 years | $96,918 |
Demanded Skills for the Role:
| Skills | Demand Percentage |
|---|---|
| Customer Service | 7.59% |
| Credit Reports | 2.57% |
| Pricing | 0.78% |
Mastering certain specialized skills can lead to a significant increase in pay. Here are examples of skills and the potential impact they can have on a Mortgage Loan Processor II's salary.
| Skill | Salary | Salary % Increase |
|---|---|---|
| Bond | $57,666 | |
| Real Estate Appraisal | $56,161 | |
| Integrity | $55,660 |
Mortgage Loan Processor II salary potential scales significantly with company size. Data shows that Enterprise companies (5,000+ employees) pay the highest average salary at around $53,425. While startup companies pay approximate $45,365.
| Company Size | Employees | Average Salary |
|---|---|---|
| Startup | 1~50 | $45,365 |
| Growth Stage | 51~500 | $47,940 |
| Established | 501~5000 | $51,638 |
| Enterprise | 5000+ | $53,425 |
Your level of education can impact your salary potential. While many Mortgage Loan Processor II enter the field with a Bachelor's Degree, higher education can lead to more specialized and higher-paying roles.
According to our 100% employer-reported salary data, the median salary for an Mortgage Loan Processor II with a Bachelor's Degree is between $51,688 and $55,947.
| Typical Education for Mortgage Loan Processor II | |
|---|---|
| Degree Level | % of user with this level of education |
| No Diploma | 1.5% |
| High School | 49.2% |
| Associates | 18.5% |
| Bachelors | 27.7% |
| Masters | 3.1% |
| Doctorate | 0.0% |
Understanding how a Mortgage Loan Processor II's annual salary breaks down can help with budgeting. Below, you can see the average hourly rate, weekly pay, and monthly pay for this role. Use the buttons to switch between different pay periods.
| Annual Salary | Monthly Pay | Weekly Pay | Hourly Wage | |
|---|---|---|---|---|
| 75th Percentile | $55,166 | $4,597 | $1,061 | $27 |
| Average | $50,144 | $4,179 | $964 | $24 |
| 25th Percentile | $46,342 | $3,862 | $891 | $22 |
Promotions are the fastest way to increase your earnings. As a Mortgage Loan Processor II, you have the following paths for advancement. The table below compares the salary raises for common next-step roles. By comparing these figures, you can choose the career path that best meets your financial goals.
| Next Step Role | Estimate Salary | Projected Raise |
|---|---|---|
| Mortgage Closer III | $57,273 | 14% |
| Loan Processor III | $59,291 | 18% |
| Commercial Loan Processor III | $53,291 | 6% |
| Mortgage Loan Processor III | $63,342 | 26% |
Salaries for a Mortgage Loan Processor II can change over time, reflecting shifts in market demand and the overall economy. The median salary decreased from $45,227 in 2023 to around $45,169 in 2025, reflecting changes in demand, location, experience, and the wider economy. For a detailed analysis of Mortgage Loan Processor II salary trends, .
| Year | Average Annual Salary |
|---|---|
| 2022 | View More |
| 2023 | $45,227 |
| 2024 | $45,351 |
| 2025 | $45,169 |
| 2026 |
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| 2027 |
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A Mortgage Loan Processor II's earning potential can vary widely depending on several factors, including location, industry, experience, education, and the specific employer. According to the latest salary data by Salary.com, a Mortgage Loan Processor II earns the most in San Jose, CA, where the annual salary of a Mortgage Loan Processor II is $63,247.
The highest pay for Mortgage Loan Processor II is $59,738.
The lowest pay for Mortgage Loan Processor II is $42,880.
Processes residential mortgage loan applications to ensure complete, accurate, and compliant loan files prior to underwriting and closing. Reviews transaction documentation, including income statements, credit reports, asset verification, and property information, to confirm eligibility and completeness. Coordinates with loan officers, underwriters, title companies, and borrowers to obtain required documentation and resolve file deficiencies. Prepares and maintains loan files within loan origination systems and tracks applications through the processing pipeline. Ensures compliance with regulatory guidelines, investor requirements, and internal mortgage lending policies. Supports timely loan approvals and closings by maintaining accurate documentation and clear communication among all parties. Requires a high school diploma. Typically reports to a supervisor. Works under moderate supervision. Gaining or has attained full proficiency in a specific area of discipline. Typically requires 1-3 years of related experience.
The Business Services industry offers the highest average compensation for Mortgage Loan Processor II roles, with salaries approximately 20% above the market median.
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