Mortgage Processing Manager Salary
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How much does a Mortgage Processing Manager make? The average Mortgage Processing Manager salary is $137,799 as of June 27, 2024, but the salary range typically falls between $129,256 and $146,846. Salary ranges can vary widely depending on many important factors, including education, certifications, additional skills, the number of years you have spent in your profession. With more online, real-time compensation data than any other website, Salary.com helps you determine your exact pay target.
Salary range for a Mortgage Processing Manager
$129,256 to $146,846
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What does a Mortgage Processing Manager do?
Common responsibilities of a Mortgage Processing Manager
Communicate clearly with the borrower using the most effective medium to obtain information/ documents and answer any questions or concerns.
March 17, 2023
Understand and apply Jumbo and Portfolio guidelines (qualified and non-qualified mortgages).
January 12, 2023
Requires a college degree in finance, business accounting or related field and 4+ years experience in banking, lending procedures, loan processing or other directly related experience.
January 14, 2023
Provides expert subject matter support on workflow processes, participates in the development of standards, and manages and resolves issues/escalations regarding processes that are raised from all sources.
January 28, 2023
Monitor Pipeline Report to confirm loan files are being reviewed and submitted to underwriting within designated timeframes.
February 28, 2023
Takes action to enhance working relationships needed to achieve seamless work flow.
March 03, 2023
Manages the daily work activities of residential loan processors to ensure that loans are processed according to established regulations and procedures and facilities policies and procedures among the processing staff.
April 06, 2023
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Explore JobArchitectMortgage Processing Manager Salary in Major Cities
This chart shows the salary comparison for Mortgage Processing Manager between major cities. San Francisco City consistently ranks #1 as of June 27, 2024. Click on the chart to see the detail salary data for Mortgage Processing Manager in each city.
Mortgage Processing Manager Salary by State
- Alaska
- Alabama
- Arkansas
- Arizona
- California
- Colorado
- Connecticut
- District of Columbia
- Delaware
- Florida
- Georgia
- Hawaii
- Iowa
- Idaho
- Illinois
- Indiana
- Kansas
- Kentucky
- Louisiana
- Massachusetts
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- Maine
- Michigan
- Minnesota
- Missouri
- Mississippi
- Montana
- North Carolina
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- New Hampshire
- New Jersey
- New Mexico
- Nevada
- New York
- Ohio
- Oklahoma
- Oregon
- Pennsylvania
- Rhode Island
- South Carolina
- South Dakota
- Tennessee
- Texas
- Utah
- Virginia
- Vermont
- Washington
- Wisconsin
- West Virginia
- Wyoming
Mortgage Processing Manager Salary by City
Click to see the salary for Mortgage Processing Manager in these major U.S. cities.
| City Name | Average Salary |
|---|---|
| San Francisco, CA | $172,249 |
| Washington, DC | $153,371 |
| Miami, FL | $132,976 |
| Chicago, IL | $144,551 |
| Boston, MA | $154,473 |
| New York, NY | $160,950 |
| Dallas, TX | $136,008 |
If you'd like know Mortgage Processing Manager Salary in other cities, then please select a city in
Average Salary Range for Mortgage Processing Manager
Average Base Salary
Core compensation
129256
146846
Average Total Cash Compensation
Includes base and annual incentives
What is the average salary for Mortgage Processing Manager in 2024?
These charts show the average base salary (core compensation), as well as the average total cash compensation for the job of Mortgage Processing Manager in the United States. The base salary for Mortgage Processing Manager ranges from $129,256 to $146,846 with the average base salary of $137,799. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $132,280 to $156,951 with the average total cash compensation of $143,199.
View Average Salary for Mortgage Processing Manager as table
| Average Salary | Average Salary Range | |
|---|---|---|
| Base Salary | $137,799 | $129,256 - $146,846 |
| Bonus | $5,400 | $3,024 - $10,104 |
| Total Pay | $143,199 | $132,280 - $156,951 |
* 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.
Estimate Salary for Mortgage Processing Manager online for free
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Please enter the following pay factors for Mortgage Processing Manager, to get a real-time salary target.
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129256
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Similar Jobs to Mortgage Processing Manager
Comments about Mortgage Processing Manager
What's the difference between Processing Manager - Mortgage Loans and Mortgage Processing Manager?
According to our latest salary estimation on June 27, 2024. The average salary of Mortgage Processing Manager is $137,799, and the average salary of Processing Manager - Mortgage Loans is $101,400. The average salary of Processing Manager - Mortgage Loans is lower than Mortgage Processing Manager. ( 2024-06-27 salary.com )
I am a Mortgage Processing Manager, which location’s salary is higher, Auburn, AL or Bentonville, AR?
Bentonville, AR typically sees higher pay than Auburn, AL for Mortgage Processing Manager. a Mortgage Processing Manager Salary in Bentonville, AR is $124,571 as of June 27, 2024; a Mortgage Processing Manager Salary in Auburn, AL is $121,539 as of June 27, 2024. ( 2024-06-27 salary.com )
Mortgage Processing Manager Frequently Asked Questions
Why does the salary of a Mortgage Processing Manager vary from city to city?
The cost of living is tied to salaries.
If the expenses are higher in a particular city, then the wage level will be higher as well to afford the people can opportunity to live there.
This is why you're always going to make more money in New York City for example, than in a small town. ( 2024-06-27 salary.com )
What are the Pay Factors for Mortgage Processing Manager?
Salary ranges for a Mortgage Processing Manager can vary widely, depending on the city and several other pay factors, including (but not limited to) education level, certifications, additional skills, and work experience.
Click here to view Eight Factors That Can Affect Your Pay ( 2024-06-27 salary.com )
How the Pay Factors Influence Your Pay?
Salaries are ultimately dictated by the position being applied to, and hiring company,
but there are several important pay factors that come into play based on your individual history that could impact your value to the company.
Salary.com's Personal Salary Report will analyze these factors for you to help you maximize your earning potential. ( 2024-06-27 salary.com )
Learn more about: Compensation Packages, Employee Flight Risk, Gender Pay Gap, Job Openings for This Role
Jobs with a similar salary range to Mortgage Processing Manager : Closing Team Lead, Mortgage Production Manager, Mortgage Account Manager
Last Update: June 27, 2024