How much does a Mortgage Loan Processor III make in the United States? The average Mortgage Loan Processor III salary in the United States is $50,737 as of May 28, 2020, but the range typically falls between $45,797 and $55,645. 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. 

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25% $45,797 10% $41,300 90% $60,114 75% $55,645 $50,737 50%(Median)
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Job Description for Mortgage Loan Processor III

Mortgage Loan Processor III 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 III ensures all documents are prepared and finalized in compliance with policies and procedures. Provides management with reports on loan activities. Additionally, Mortgage Loan Processor III requires a high school diploma or its equivalent. Typically reports to a supervisor or manager. The Mortgage Loan Processor III has gained proficiency in multiple competencies relevant to the job. Works independently within established procedures associated with the specific job function. To be a Mortgage Loan Processor III typically requires 3-5 years of related experience. (Copyright 2020 Salary.com)... View full job description

See user submitted job responsibilities for Mortgage Loan Processor III.

Job Openings for Mortgage Loan Processor III
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Pamela J. Shelley-Kessler, Executive Vice President, Chief Financial Officer and Corporate Secretary
LTC is a real estate investment trust (REIT) investing in seniors housing and health care properties primarily through sale-leasebacks, mortgage financing, joint-ventures and structured finance solutions including preferred equity and mezzanine lending. LTC holds more than 200 investments in 28 states with 29 operating... More
Fiscal Year Ended in 2018
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City, State Compared to national average
City, State San Francisco, CA Compared to national average
+ 25.3%
City, State Washington, DC Compared to national average
+ 10.7%
City, State Miami, FL Compared to national average
-2.7%
City, State Chicago, IL Compared to national average
+ 6.0%
City, State Boston, MA Compared to national average
+ 12.9%
City, State New York, NY Compared to national average
+ 21.0%
City, State Dallas, TX Compared to national average
-1.0%

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Understand the total compensation opportunity for a Mortgage Loan Processor III, base salary plus other pay elements

Average Base Salary

Core compensation

 
 
 
45797
55645
50737

Average Total Cash Compensation

Includes base and annual incentives

 
 
 
47020
57730
52448
These charts show the average base salary (core compensation), as well as the average total cash compensation for the job of Mortgage Loan Processor III in the United States. The base salary for Mortgage Loan Processor III ranges from $45,797 to $55,645 with the average base salary of $50,737. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $47,020 to $57,730 with the average total cash compensation of $52,448.
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45797
55645

 

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Skills associated with Mortgage Loan Processor III: Loan Software, Mortgage Loans, Quality Assurance Process, Banking Software ...More

Salary estimation for Mortgage Loan Processor III at companies like : FS Bancorp, Inc., HIGHLANDS BANKSHARES INC /VA/, LTC PROPERTIES INC