Mortgage Payment Processing Clerk Salary in the United States

How much does a Mortgage Payment Processing Clerk make in the United States?

As of March 01, 2026, the average salary for a Mortgage Payment Processing Clerk in the United States is $40,882 per year, which breaks down to an hourly rate of $20.

However, a Mortgage Payment Processing Clerk's salary can vary significantly. Here’s a look at the typical salary range:

  • Top Earners (90th percentile): $47,041
  • Majority Range (25th-75th percentile): $38,078 to $44,106
  • Entry-Level (10th percentile): $35,525
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Paid Annually Paid Monthly Paid Semimonthly Paid Biweekly Paid Weekly Paid Hourly
View as table View as graph 25% $38,078 10% $35,525 90% $47,041 75% $44,106 $40,882 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 $44,106 $3,676 $848 $21
Average $40,882 $3,407 $786 $20
25th Percentile $38,078 $3,173 $732 $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): $40,380
  • Early Career (1-2 years): $40,978
  • Mid-Level (2-4 years): $42,326
  • Senior-Level (5-8 years): $42,470
  • Expert (over 8 years): $42,566
Levels Salary
Entry Level Mortgage Payment Processing Clerk$40,380
Intermediate Level Mortgage Payment Processing Clerk$40,978
Senior Level Mortgage Payment Processing Clerk$42,326
Specialist Level Mortgage Payment Processing Clerk$42,470
Expert Level Mortgage Payment Processing Clerk$42,566
$40,380 0 yr
$40,978 < 2 yrs
$42,326 2-4 yrs
$42,470 5-8 yrs
$42,566 > 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: $51,564
  • San Francisco: $51,058
  • Oakland: $49,925

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.

  • Hourly
  • Monthly
  • Weekly
  • Yearly
  • Table View
Last Updated on March 01, 2026
$38,078
Average $40,882/year
$44,106
$3,173
Average $3,407/month
$3,676
$732
Average $786/week
$848
$18
Average $20/hour
$21
Annual Salary Monthly Pay Weekly Pay Hourly Wage
75th Percentile $44,106 $3,676 $848 $21
Average $40,882 $3,407 $786 $20
25th Percentile $38,078 $3,173 $732 $18

Mortgage Payment Processing Clerk Salary Growth & Career Path

Mortgage Payment Processing Clerk
Mortgage Loan Funding Clerk, Sr.

For a Mortgage Payment Processing Clerk, the most direct path to higher earnings is advancing to the Mortgage Loan Funding Clerk, Sr. role. This promotion typically comes with a significant pay increase, bringing the average annual salary to $53,466 - a projected growth of 31% over your current level.

Salaries of jobs related to Mortgage Payment Processing Clerk

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

Here are companies hiring for Mortgage Payment Processing Clerk and their salaries, click below for more details.

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FAQ about Mortgage Payment Processing Clerk

1. Where can a Mortgage Payment Processing Clerk earn the most?

A Mortgage Payment Processing Clerk'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 Payment Processing Clerk earns the most in San Jose, CA, where the annual salary of a Mortgage Payment Processing Clerk is $51,564.

2. What is the highest pay for Mortgage Payment Processing Clerk?

The highest pay for Mortgage Payment Processing Clerk is $47,041.

3. What is the lowest pay for Mortgage Payment Processing Clerk?

The lowest pay for Mortgage Payment Processing Clerk is $35,525.

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

Processes loan payments; inputs data to document transactions. Authorizes reports for credit, appraisals, employment, etc. Prepares and collects fees. May interact with collection department regarding delinquencies/non-payments. Requires a high school diploma or its equivalent. Typically reports to a supervisor. Possesses a moderate understanding of general aspects of the job. Works under the close direction of senior personnel in the functional area. May require 0-1 year of general work experience.

Where Does Our Salary Data Come From?

Salary.com provides salary estimates, histograms, trends, and comparisons using data from employer job postings and third-party sources.

We offer detailed salary information across multiple percentiles for your reference. (Click here to learn Why the Salary Midpoint Formula Is Crucial for Achieving Pay Equity.)

With the most extensive online, real-time compensation data available, Salary.com helps you pinpoint your exact pay target.

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