Hourly Wage for Mortgage Payment Processing Clerk Salary in the United States

How much does a Mortgage Payment Processing Clerk make hourly?

As of May 01, 2026, the average hourly rate for a Mortgage Payment Processing Clerk in the United States is $20, which translates to an annual salary of about $40,881.

However, the hourly wage can vary significantly based on several factors. Here’s a detailed look at the typical pay range per hour:

  • Top Earners (90th percentile): $23 per hour
  • Majority Range (25th-75th percentile): $18 to $21 per hour
  • Entry-Level (10th percentile): $17 per hour
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Paid Annually Paid Monthly Paid Semimonthly Paid Biweekly Paid Weekly Paid Hourly
View as table View as graph 25% $18 10% $17 90% $23 75% $21 $20 50%(Median) Didn’t find job title? Click

Mortgage Payment Processing Clerk Salaries by Percentile

Annual
Salary		 Monthly
Pay		 Weekly
Pay		 Hourly
Wage
75th Percentile $44,108 $3,676 $848 $21
Average $40,881 $3,407 $786 $20
25th Percentile $38,091 $3,174 $733 $18
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Key Factors That Influence Mortgage Payment Processing Clerk Salaries

A Mortgage Payment Processing Clerk'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.

How Experience Level Affects Mortgage Payment Processing Clerk Salaries?

Experience is a primary driver of a Mortgage Payment Processing Clerk'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:

  • Entry-Level (less than 1 year): $40,381
  • Early Career (1-2 years): $40,977
  • Mid-Level (2-4 years): $42,326
  • Senior-Level (5-8 years): $42,470
  • Expert (over 8 years): $42,567
Levels Salary
Entry Level Mortgage Payment Processing Clerk$40,381
Intermediate Level Mortgage Payment Processing Clerk$40,977
Senior Level Mortgage Payment Processing Clerk$42,326
Specialist Level Mortgage Payment Processing Clerk$42,470
Expert Level Mortgage Payment Processing Clerk$42,567
$40,381 0 yr
$40,977 < 2 yrs
$42,326 2-4 yrs
$42,470 5-8 yrs
$42,567 > 8 yrs
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What Am I Worth?

Top Paying Cities for Mortgage Payment Processing Clerks

Salaries can also vary between different cities. Major metropolitan areas or cities with a high demand for technicians often offer more competitive pay. Here are a few examples of average annual salaries in different U.S. cities:

  • San Jose: $51,563
  • San Francisco: $50,999
  • Oakland: $49,924

How Education impacts a Mortgage Payment Processing Clerk's Salary?

Your level of education can impact your salary potential. While many Mortgage Payment Processing Clerks enter the field with a High School Diploma or Technical Certificate degree, higher education can lead to more specialized and higher-paying roles.

According to our 100% employer-reported salary data, the median salary for a Mortgage Payment Processing Clerk with a High School Diploma or Technical Certificate is between $38,176 and $41,387).

Mortgage Payment Processing Clerk Salaries by Degree Level

Typical Education for Mortgage Payment Processing Clerk
Degree Level % of user with this level of education
No Diploma 50.0%
High School 50.0%
Associates 25.0%
Bachelors 25.0%
Masters 0.0%
Doctorate 0.0%
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Mortgage Payment Processing Clerk Salary: Hourly Rate, Weekly Pay, and Monthly Pay

Understanding how a Mortgage Payment Processing Clerk'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.

  • Yearly
  • Monthly
  • Weekly
  • Hourly
  • Table View
Last Updated on May 01, 2026
$38,091
Average $40,881/year
$44,108
$3,174
Average $3,407/month
$3,676
$733
Average $786/week
$848
$18
Average $20/hour
$21
Annual Salary Monthly Pay Weekly Pay Hourly Wage
75th Percentile $44,108 $3,676 $848 $21
Average $40,881 $3,407 $786 $20
25th Percentile $38,091 $3,174 $733 $18

Salaries of jobs related to Mortgage Payment Processing Clerk

Salary Trends for Mortgage Payment Processing Clerk

Salaries for a Mortgage Payment Processing Clerk can change over time, reflecting shifts in market demand and the overall economy. The median salary decreased from $42,487 in 2023 to around $42,078 in 2025, reflecting changes in demand, location, experience, and the wider economy. For a detailed analysis of Mortgage Payment Processing Clerk salary trends, .

Average Annual Salary of Mortgage Payment Processing Clerk Over Time

2022
$???
2023
$42,487
2024
$42,320
2025
$42,078
2026
$???
2027
$???
Year Average Annual Salary
2022
View More
2023 $42,487
2024 $42,320
2025 $42,078
2026
View More
2027
View More

Most common benefits for Mortgage Payment Processing Clerk

Social Security
401(k)
Disability
Healthcare
Pension
Time Off (days)
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Common company salaries for Mortgage Payment Processing Clerk

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FAQ about Mortgage Payment Processing Clerk

1. What are the responsibilities of Mortgage Payment Processing Clerk?

Processes borrower mortgage payments and related transactions to ensure accurate posting and account reconciliation within the mortgage servicing system. Reviews payment information to verify accuracy and completeness before posting. Verifies payments to principal, interest, escrow, and fees in accordance with loan terms and servicing guidelines. Investigates and resolves payment discrepancies, unapplied funds, and transaction exceptions. Maintains accurate payment records and updates servicing systems to reflect account activity. Supports compliance and audit requirements by ensuring payment processing activities follow regulatory standards and internal controls. Requires a high school diploma. Typically reports to a supervisor. Works under the close direction of senior personnel in the functional area. Possesses a moderate understanding of general aspects of the job. May require 0-1 year of general work experience.

Where Does Our Salary Data Come From?

Salary.com salary estimates, histograms, trends, and comparisons are derived from both employer job postings and third-party data sources. We also provide multiple percentiles of salary information for your reference, click here to know Why the Salary Midpoint Formula Is Crucial to Getting Pay Equity Right. With more online, real-time compensation data than any other website, Salary.com helps you determine your exact pay target.

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