Mortgage Loan Processor Salary in Miami, Florida

How much does a Mortgage Loan Processor make in Miami, FL?

As of May 01, 2025, the average annual salary for a Mortgage Loan Processor in Miami, FL is $44,678. Salary.com reports that pay typically ranges from $40,520 to $50,520, with most professionals earning between $36,735 and $55,838.

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Salary range for a Mortgage Loan Processor

$40,520 to $50,520

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What is a Mortgage Loan Processor?

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.

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Job Openings for Mortgage Loan Processor in Miami, FL

What does a Mortgage Loan Processor do?

Common responsibilities of a Mortgage Loan Processor

Collect and organize all necessary documentation from borrowers, such as income verification, credit reports, and property appraisals.

September 08, 2023

Communicate with borrowers, loan officers, and underwriters to ensure all necessary information is obtained and processed in a timely manner.

September 13, 2023

Coordinate with third-party vendors, such as title companies and insurance providers, to obtain required documents and services.

September 13, 2023

Review and verify mortgage loan applications for accuracy and completeness.

September 14, 2023

Ensure compliance with all federal and state regulations and company policies throughout the loan processing and approval process.

September 16, 2023

Prepare and submit loan files to underwriting for final approval.

October 29, 2023

Input and update loan information into the mortgage processing system.

November 02, 2023

Review and analyze financial documents, such as tax returns and bank statements, to assess borrower's creditworthiness.

November 09, 2023

Communicate loan status and updates to borrowers and loan officers throughout the processing timeline.

November 22, 2023

Assist with resolving any issues or discrepancies that arise during the loan processing and approval process.

November 29, 2023

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Mortgage Loan Processor Salary By Experience Levels in Miami, FL

How much should you be earning in Mortgage Loan Processor in Miami, FL based on your current experience?

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RELEVANT JOB EXPERIENCE

Length of experience is a pay differentiator. Those with greater experience may have an advantage in negotiating salary. For those with less experience, other factors such as education or special skills could impact your pay. Please visit Professional Salary Report for more details.

Mortgage Loan Processor Salary By Level of Education in Miami, FL

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LEVEL OF EDUCATION

Depending on the job, educational levels may have a significant impact on pay levels. Be informed and understand how things like education and certifications can help to increase potential earnings for the career you are interested in. Please visit Professional Salary Report for more details.

Average Salary Range for Mortgage Loan Processor in Miami, FL

Average Base Salary

Core compensation

40520

50520

44678

Average Total Cash Compensation

Includes base and annual incentives

41898

53056

46558

What is the average salary for Mortgage Loan Processor in 2025?

These charts show the average base salary (core compensation), as well as the average total cash compensation for the job of Mortgage Loan Processor in Miami, FL. The base salary for Mortgage Loan Processor ranges from $40,520 to $50,520 with the average base salary of $44,678. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $41,898 to $53,056 with the average total cash compensation of $46,558.

View Average Salary for Mortgage Loan Processor as table

	Average Salary	Average Salary Range
Base Salary	$44,678	$40,520 - $50,520
Bonus	$1,880	$1,378 - $2,537
Total Pay	$46,558	$41,898 - $53,056

* Base Salary represents gross income before taxes and deductions. It does not include additional pay such as benefits, bonuses, profit sharing or commissions.

* Total Pay combines base salary, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job.

Mortgage Loan Processor Salary Near Miami, FL

CITY, STATE	AVERAGE SALARY RANGE	COMPARE TO Miami, FL
CITY, STATE Hialeah, FL	AVERAGE SALARY RANGE $40,318 - $50,267	COMPARE TO Miami, FL
CITY, STATE Hollywood, FL	AVERAGE SALARY RANGE $40,545 - $50,551	COMPARE TO Miami, FL
CITY, STATE Pembroke Pines, FL	AVERAGE SALARY RANGE $40,267 - $50,204	COMPARE TO Miami, FL
CITY, STATE Fort Lauderdale, FL	AVERAGE SALARY RANGE $40,545 - $50,551	COMPARE TO Miami, FL
CITY, STATE Coconut Creek, FL	AVERAGE SALARY RANGE $40,545 - $50,551	COMPARE TO Miami, FL
CITY, STATE Boca Raton, FL	AVERAGE SALARY RANGE $41,077 - $51,214	COMPARE TO Miami, FL

See salaries for Mortgage Loan Processor in locations close to Miami, FL. Pay for the same job may vary based on the location and on the location and on other factors such as the size of company, the industry, and other local conditions.

About Miami, Florida

Miami, officially the City of Miami, is the cultural, economic and financial center of South Florida. Miami is the seat of Miami-Dade County, the most populous county in Florida. The city covers an area of about 56.6 square miles (147 km2), between the Everglades to the west and Biscayne Bay on the east; with a 2017 estimated population of 463,347, Miami is the sixth most densely populated major city in the United States. The Miami metropolitan area is home to 6.1 million people and the seventh-largest metropolitan area in the nation. Miami's metro area is the second-most populous metropolis i...

Source: Wikipedia (as of 04/11/2019). Read more from Wikipedia

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JOB TITLE	LOCATION	MINIMUM SALARY	MAXIMUM SALARY
JOB TITLE Intermediate Mortgage Loan Processor	LOCATION Miami, FL	MINIMUM SALARY $42,900	MAXIMUM SALARY $52,000
JOB TITLE Mortgage Loan Processor II	LOCATION Miami, FL	MINIMUM SALARY $42,860	MAXIMUM SALARY $51,978
JOB TITLE Entry Mortgage Loan Processor	LOCATION Miami, FL	MINIMUM SALARY $39,500	MAXIMUM SALARY $46,400
JOB TITLE Mortgage Loan Processor I	LOCATION Miami, FL	MINIMUM SALARY $39,460	MAXIMUM SALARY $46,391
JOB TITLE Mortgage Loan Processor Assistant	LOCATION Miami, FL	MINIMUM SALARY $41,070	MAXIMUM SALARY $48,284
JOB TITLE Senior Mortgage Loan Processor	LOCATION Miami, FL	MINIMUM SALARY $51,107	MAXIMUM SALARY $61,753

The Mortgage Loan Processor job could be listed using titles that are not exactly the same, but actually are for the same or very similar job. Here are some job titles in Miami, FL that might be a good fit for the type of job and salary you are looking for.

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