Salary AI Book a Demo

Mortgage Payment Processing Clerk Salary in the United States

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

As of August 01, 2026, the average salary for a Mortgage Payment Processing Clerk in the United States is $40,879 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): $47,036
  • Majority Range (25th-75th percentile): $38,075 to $44,102
  • Entry-Level (10th percentile): $35,522
Salary Factors Salary-Boosting Skills Salary by Experience Related Job Salaries Top Paying Cities Explore Related Jobs

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): $40,377
  • Early Career (1-2 years): $40,975
  • Mid-Level (2-4 years): $42,322
  • Senior-Level (5-8 years): $42,466
  • Expert (over 8 years): $42,563
Levels Salary
Entry Level Mortgage Payment Processing Clerk$40,377
Intermediate Level Mortgage Payment Processing Clerk$40,975
Senior Level Mortgage Payment Processing Clerk$42,322
Specialist Level Mortgage Payment Processing Clerk$42,466
Expert Level Mortgage Payment Processing Clerk$42,563
View as Graph

How Do Mortgage Payment Processing Clerks Salaries Vary from State to State?

Your salary can change significantly depending on where you work. States with a higher cost of living and strong industrial sectors often pay more to attract Mortgage Payment Processing Clerks. For example, consider the average annual salaries in these key locations:
  • District of Columbia: $45,261.
  • California: $45,090.
  • Massachusetts: $44,489.

Top Paying Cities for Mortgage Payment Processing Clerk

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: $51,561
  • San Francisco: $50,996
  • Oakland: $49,921

Mortgage Payment Processing Clerk Salary by Company Size: Startups vs. Enterprise

Mortgage Payment Processing Clerk salary potential scales significantly with company size. Data shows that Enterprise companies (5,000+ employees) pay the highest average salary at around $43,553. While startup companies pay approximate $36,983.

Mortgage Payment Processing Clerk Salary by Company Size

Company Size Employees Average Salary
Startup 1~50 $36,983
Growth Stage 51~500 $39,082
Established 501~5000 $42,097
Enterprise 5000+ $43,553

Mortgage Payment Processing Clerk Salary by Industry: Top Paying Sectors

For Mortgage Payment Processing Clerk roles, the industry you choose can impact your earning potential by as much as 45% (the gap between the highest and lowest paying industries). Data shows that the highest-paying industry, Financial Services, offers compensation 25% above the average. Conversely, Mortgage Payment Processing Clerk positions in Business Services typically offer lower base pay, as this sector often view Mortgage Payment Processing Clerk as a support function rather than a direct revenue driver.

The top paying industry for a Mortgage Payment Processing Clerk

Industry Sector Average Annual Salary Average Hourly Rate Pay vs.Avg
Financial Services$51,099$25.025%

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

Your level of education can impact your salary potential. While many Mortgage Payment Processing Clerk 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 Payment Processing Clerk with a Bachelor's Degree is between $38,691 and $41,769.

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%
View as Graph

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.

Last Updated on August 01, 2026
$38,075
Average $40,879/year
$44,102
$3,173
Average $3,407/month
$3,675
$732
Average $786/week
$848
$18
Average $20/hour
$21
Annual Salary Monthly Pay Weekly Pay Hourly Wage
75th Percentile $44,102 $3,675 $848 $21
Average $40,879 $3,407 $786 $20
25th Percentile $38,075 $3,173 $732 $18

Mortgage Payment Processing Clerk Salary Growth & Career Path

Mortgage Payment Processing Clerk

Next Role

Advancement

Promotions are the fastest way to increase your earnings. As a Mortgage Payment Processing Clerk, 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
Loan Servicing Clerk II $46,523 14%
Escrow Officer $58,169 42%

Most common benefits for Mortgage Payment Processing Clerk

  • Social Security
  • 401 (k)
  • Disability
  • Healthcare
  • Pension
  • Time Off (days)

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.

Find Your Next Mortgage Payment Processing Clerk Job

Ready to take the next step in your career? Browse thousands of current Mortgage Payment Processing Clerk job openings on our job board. Use the search bar below to find your perfect match.

For Employees

Analyze the market and your qualifications to negotiate your salary with confidence.

Get a Salary Increase

Search thousands of open positions to find your next opportunity.

Search Job Openings

For Employers

Individualize employee pay based on unique job requirements and personal qualifications.

Adjust Employee Salary

Get the latest market price for benchmark jobs and jobs in your industry.

Price My Industry Jobs

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 $51,561.

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

The highest pay for Mortgage Payment Processing Clerk is $47,036.

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

The lowest pay for Mortgage Payment Processing Clerk is $35,522.

4. 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.

5. What industry pays the highest salary for Mortgage Payment Processing Clerk?

The Financial Services industry offers the highest average compensation for Mortgage Payment Processing Clerk roles, with salaries approximately 25% above the market median.

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.

Are you an HR manager or compensation specialist?

Salary.com's CompAnalyst platform offers:

  • Detailed skills and competency reports for specific positions
  • Job and employee pricing reports
  • Compensation data tools, salary structures, surveys and benchmarks.
Learn about CompAnalyst