As of December 01, 2024, the average annual pay of Mortgage Loan Processor in Lowell, MA is $50,163. While Salary.com is seeing that Mortgage Loan Processor salary in Lowell, MA can go up to $62,692 or down to $41,243, but most earn between $45,494 and $56,721. Salary.com shows the average base salary (core compensation), as well as the average total cash compensation for the job of Mortgage Loan Processor in the United States.
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A Mortgage Loan Processor is responsible for reviewing and verifying all documentation related to mortgage loan applications. They work closely with loan officers, underwriters, and borrowers to ensure that all necessary information is accurate and complete. This includes gathering financial documents, ordering appraisals and title reports, and coordinating with third-party vendors. The Mortgage Loan Processor also communicates with all parties involved to provide updates on the status of the loan application and ensure that all requirements are met for final approval. Additionally, they may be responsible for preparing and submitting the loan file to the underwriting department for review. Overall, the Mortgage Loan Processor plays a crucial role in the mortgage lending process by ensuring that all necessary steps are taken to facilitate the approval and funding of mortgage loans.
See user submitted job responsibilities for Mortgage Loan Processor.
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| Average Salary | Average Salary Range | |
|---|---|---|
| Base Salary | $50,163 | $45,494 - $56,721 |
| Bonus | $2,113 | $1,549 - $2,854 |
| Total Pay | $52,276 | $47,043 - $59,575 |
| CITY, STATE | AVERAGE SALARY RANGE | COMPARE TO Lowell, MA |
|---|---|---|
| CITY, STATE Medford, MA | AVERAGE SALARY RANGE $46,983 - $58,577 | COMPARE TO Lowell, MA |
| CITY, STATE Methuen, MA | AVERAGE SALARY RANGE $44,535 - $55,525 | COMPARE TO Lowell, MA |
| CITY, STATE Lawrence, MA | AVERAGE SALARY RANGE $44,535 - $55,525 | COMPARE TO Lowell, MA |
| CITY, STATE Newton, MA | AVERAGE SALARY RANGE $46,983 - $58,577 | COMPARE TO Lowell, MA |
| CITY, STATE Nashua, NH | AVERAGE SALARY RANGE $45,202 - $56,357 | COMPARE TO Lowell, MA |
| CITY, STATE Salem, NH | AVERAGE SALARY RANGE $44,535 - $55,525 | COMPARE TO Lowell, MA |
| JOB TITLE | LOCATION | MINIMUM SALARY | MAXIMUM SALARY |
|---|---|---|---|
| JOB TITLE Intermediate Mortgage Loan Processor | LOCATION Lowell, MA | MINIMUM SALARY $52,100 | MAXIMUM SALARY $70,100 |
| JOB TITLE Mortgage Loan Processor II | LOCATION Lowell, MA | MINIMUM SALARY $52,015 | MAXIMUM SALARY $70,034 |
| JOB TITLE Entry Mortgage Loan Processor | LOCATION Lowell, MA | MINIMUM SALARY $45,100 | MAXIMUM SALARY $56,200 |
| JOB TITLE Mortgage Loan Processor I | LOCATION Lowell, MA | MINIMUM SALARY $45,082 | MAXIMUM SALARY $56,142 |
| JOB TITLE Mortgage Loan Processor Assistant | LOCATION Lowell, MA | MINIMUM SALARY $41,322 | MAXIMUM SALARY $51,460 |
| JOB TITLE Senior Mortgage Loan Processor | LOCATION Lowell, MA | MINIMUM SALARY $51,022 | MAXIMUM SALARY $63,968 |
About Lowell, Massachusetts Lowell is a city in the U.S. Commonwealth of Massachusetts. Located in Middlesex County, Lowell (along with Cambridge) was a county seat until Massach....More
Lowell, Massachusetts area prices were up 1.6% from a year ago
Mortgage Loan Processor Salary in popular cities: Boston, Worcester, Springfield
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Learn more about: Compensation Packages, Employee Flight Risk, Gender Pay Gap, Job Openings for This Role
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