As of September 01, 2026, the average salary for a Mortgage Processor in the United States is $43,979 per year, which breaks down to an hourly rate of $21.
However, a Mortgage Processor's salary can vary significantly. Here’s a look at the typical salary range:
Mortgage Processor Salaries by Percentile
| Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
|
|---|---|---|---|---|
| 75th Percentile | $47,131 | $3,928 | $906 | $23 |
| Average | $43,979 | $3,665 | $846 | $21 |
| 25th Percentile | $40,789 | $3,399 | $784 | $20 |
A Mortgage Processor's salary isn't a fixed number. It's shaped by several important factors. Below, we'll explore how geographic location, education and company size can directly affect your earning potential.
Demanded Skills for the Role:
| Skills | Demand Percentage |
|---|---|
| Customer Service | 6.81% |
| Loan Processing | 3.3% |
| Onboarding | 1.72% |
Mastering certain specialized skills can lead to a significant increase in pay. Here are examples of skills and the potential impact they can have on a Mortgage Processor's salary.
| Skill | Salary | Salary % Increase |
|---|---|---|
| Leadership | $47,937 | |
| Sense Of Urgency | $47,057 | |
| Wholesale | $47,057 |
Your level of education can impact your salary potential. While many Mortgage Processors enter the field with a High School Diploma or Technical Certificate degree, higher education can lead to more specialized and higher-paying roles.
According to our 100% employer-reported salary data, the median salary for a Mortgage Processor with a High School Diploma or Technical Certificate is between $42,247 and $44,689).
| Typical Education for Mortgage Processor | |
|---|---|
| Degree Level | % of user with this level of education |
| No Diploma | 0.8% |
| High School | 43.1% |
| Associates | 16.9% |
| Bachelors | 36.1% |
| Masters | 3.1% |
| Doctorate | 0.0% |
Understanding how a Mortgage Processor'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 | $47,131 | $3,928 | $906 | $23 |
| Average | $43,979 | $3,665 | $846 | $21 |
| 25th Percentile | $40,789 | $3,399 | $784 | $20 |
Salaries for a Mortgage Processor can change over time, reflecting shifts in market demand and the overall economy. The median salary decreased from $40,039 in 2023 to around $39,846 in 2025, reflecting changes in demand, location, experience, and the wider economy. For a detailed analysis of Mortgage Processor salary trends, .
| Year | Average Annual Salary |
|---|---|
| 2022 | View More |
| 2023 | $40,039 |
| 2024 | $40,078 |
| 2025 | $39,846 |
| 2026 |
View More
|
| 2027 |
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The Business Services industry offers the highest average compensation for Mortgage Processor roles, with salaries approximately 20% above the market median.
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