As of April 01, 2025, the average annual salary for a Mortgage Loan Processor in Mobile, AL is $42,270. Salary.com reports that pay typically ranges from $38,335 to $47,797, with most professionals earning between $34,752 and $52,829.
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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 | $42,270 | $38,335 - $47,797 |
| Bonus | $1,779 | $1,301 - $2,399 |
| Total Pay | $44,049 | $39,636 - $50,196 |
| CITY, STATE | AVERAGE SALARY RANGE | COMPARE TO Mobile, AL |
|---|---|---|
| CITY, STATE Pascagoula, MS | AVERAGE SALARY RANGE $37,115 - $46,276 | COMPARE TO Mobile, AL |
| CITY, STATE Pensacola, FL | AVERAGE SALARY RANGE $37,990 - $47,367 | COMPARE TO Mobile, AL |
| CITY, STATE Biloxi, MS | AVERAGE SALARY RANGE $37,287 - $46,491 | COMPARE TO Mobile, AL |
| CITY, STATE Gulfport, MS | AVERAGE SALARY RANGE $36,993 - $46,124 | COMPARE TO Mobile, AL |
| CITY, STATE Hattiesburg, MS | AVERAGE SALARY RANGE $36,761 - $45,835 | COMPARE TO Mobile, AL |
| CITY, STATE Georgiana, AL | AVERAGE SALARY RANGE $37,014 - $46,150 | COMPARE TO Mobile, AL |
| JOB TITLE | LOCATION | MINIMUM SALARY | MAXIMUM SALARY |
|---|---|---|---|
| JOB TITLE Intermediate Mortgage Loan Processor | LOCATION Mobile, AL | MINIMUM SALARY $40,700 | MAXIMUM SALARY $49,300 |
| JOB TITLE Mortgage Loan Processor II | LOCATION Mobile, AL | MINIMUM SALARY $40,648 | MAXIMUM SALARY $49,295 |
| JOB TITLE Entry Mortgage Loan Processor | LOCATION Mobile, AL | MINIMUM SALARY $37,500 | MAXIMUM SALARY $44,000 |
| JOB TITLE Mortgage Loan Processor I | LOCATION Mobile, AL | MINIMUM SALARY $37,423 | MAXIMUM SALARY $43,996 |
| JOB TITLE Mortgage Loan Processor Assistant | LOCATION Mobile, AL | MINIMUM SALARY $41,070 | MAXIMUM SALARY $48,284 |
| JOB TITLE Senior Mortgage Loan Processor | LOCATION Mobile, AL | MINIMUM SALARY $51,107 | MAXIMUM SALARY $61,753 |
About Mobile, Alabama Mobile (/moʊˈbiːl/ moh-BEEL; French pronunciation: [mɔ.bil]) is the county seat of Mobile County, Alabama, United States. The population within the c....More
Mobile, Alabama area prices were up 1.3% from a year ago
Mortgage Loan Processor Salary in popular cities: Birmingham, Montgomery, Huntsville
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