As of March 01, 2025, the average annual salary for a Mortgage Loan Processor in New Bedford, MA is $49,051. Salary.com reports that pay typically ranges from $44,484 to $55,465, with most professionals earning between $40,327 and $61,304.
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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 | $49,051 | $44,484 - $55,465 |
| Bonus | $2,069 | $1,512 - $2,783 |
| Total Pay | $51,120 | $45,997 - $58,247 |
| CITY, STATE | AVERAGE SALARY RANGE | COMPARE TO New Bedford, MA |
|---|---|---|
| CITY, STATE Fall River, MA | AVERAGE SALARY RANGE $44,694 - $55,727 | COMPARE TO New Bedford, MA |
| CITY, STATE Tiverton, RI | AVERAGE SALARY RANGE $44,652 - $55,674 | COMPARE TO New Bedford, MA |
| CITY, STATE Taunton, MA | AVERAGE SALARY RANGE $45,829 - $57,141 | COMPARE TO New Bedford, MA |
| CITY, STATE Newport, RI | AVERAGE SALARY RANGE $44,476 - $55,454 | COMPARE TO New Bedford, MA |
| CITY, STATE East Providence, RI | AVERAGE SALARY RANGE $44,232 - $55,150 | COMPARE TO New Bedford, MA |
| CITY, STATE Plymouth, MA | AVERAGE SALARY RANGE $45,390 - $56,593 | COMPARE TO New Bedford, MA |
| JOB TITLE | LOCATION | MINIMUM SALARY | MAXIMUM SALARY |
|---|---|---|---|
| JOB TITLE Intermediate Mortgage Loan Processor | LOCATION New Bedford, MA | MINIMUM SALARY $50,900 | MAXIMUM SALARY $68,500 |
| JOB TITLE Mortgage Loan Processor II | LOCATION New Bedford, MA | MINIMUM SALARY $50,864 | MAXIMUM SALARY $68,482 |
| JOB TITLE Entry Mortgage Loan Processor | LOCATION New Bedford, MA | MINIMUM SALARY $44,100 | MAXIMUM SALARY $54,900 |
| JOB TITLE Mortgage Loan Processor I | LOCATION New Bedford, MA | MINIMUM SALARY $44,082 | MAXIMUM SALARY $54,899 |
| JOB TITLE Mortgage Loan Processor Assistant | LOCATION New Bedford, MA | MINIMUM SALARY $41,626 | MAXIMUM SALARY $51,840 |
| JOB TITLE Senior Mortgage Loan Processor | LOCATION New Bedford, MA | MINIMUM SALARY $51,401 | MAXIMUM SALARY $64,442 |
About New Bedford, Massachusetts New Bedford is a city in Bristol County, Massachusetts, United States. As of the 2010 census, the city had a total population of 95,072, making it the....More
New Bedford, 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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