As of July 01, 2026, the average salary for a Mortgage Processing Manager in Illinois is $137,978 per year, which breaks down to an hourly rate of $66.
However, a Mortgage Processing Manager's salary can vary significantly. Here’s a look at the typical salary range:
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Mortgage Processing Manager Salaries by Percentile
| Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
|
| 75th Percentile | $151,508 | $12,626 | $2,914 | $73 |
| Average | $137,978 | $11,498 | $2,653 | $66 |
| 25th Percentile | $128,135 | $10,678 | $2,464 | $62 |
Carl Buddig & Company - Montgomery, IL
Carl Buddig & Company - Montgomery, IL
Endeavor Health - Glenview, IL
Endeavor Health - Elmhurst, IL
A Mortgage Processing Manager's salary isn't a fixed number. It's shaped by several important factors. Below, we'll explore how your years of experience, geographic location and company size can directly affect your earning potential.
Experience is a primary driver of a Mortgage Processing Manager's salary. As you build your skills and take on more complex tasks, your compensation generally increases. Here's how the average salary grows at different career stages:
| Levels | Salary |
|---|---|
| Entry Level Mortgage Processing Manager | $133,357 |
| Intermediate Level Mortgage Processing Manager | $133,792 |
| Senior Level Mortgage Processing Manager | $134,807 |
| Specialist Level Mortgage Processing Manager | $135,967 |
| Expert Level Mortgage Processing Manager | $138,375 |
What Am I Worth?
Your salary can change significantly depending on where you work. States with a higher cost of living and strong industrial sectors often pay more to attract Mortgage Processing Managers. For example, consider the average annual salaries in these key locations:
Salaries can also vary between different cities. Major metropolitan areas or cities with a high demand for technicians often offer more competitive pay. Here are a few examples of average annual salaries in different U.S. cities:
For Mortgage Processing Manager roles, the industry you choose can impact your earning potential by as much as 20% (the gap between the highest and lowest paying industries). Data shows that the highest-paying industry, Financial Services, offers compensation 10% above the average. Conversely, Mortgage Processing Manager positions in Edu., Gov't. & Nonprofit typically offer lower base pay, as this sector often view Mortgage Processing Manager as a support function rather than a direct revenue driver.
| Industry Sector | Average Annual Salary | Average Hourly Rate | Pay vs.Avg |
|---|---|---|---|
| Financial Services | $151,775 | $73.0 | 10% |
Understanding how a Mortgage Processing Manager's annual salary breaks down can help with budgeting. Below, you can see the average hourly rate, weekly pay, and monthly pay for this role. Use the buttons to switch between different pay periods.
| Annual Salary | Monthly Pay | Weekly Pay | Hourly Wage | |
|---|---|---|---|---|
| 75th Percentile | $151,508 | $12,626 | $2,914 | $73 |
| Average | $137,978 | $11,498 | $2,653 | $66 |
| 25th Percentile | $128,135 | $10,678 | $2,464 | $62 |
Ready to take the next step in your career? Browse thousands of current Mortgage Processing Manager job openings on our job board. Use the search bar below to find your perfect match.
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