Mortgage Processor Salary in Memphis, Tennessee

How much does a Mortgage Processor make in Memphis, TN?

As of April 01, 2025, the average annual salary for a Mortgage Processor in Memphis, TN is $43,452. Salary.com reports that pay typically ranges from $39,408 to $49,134, with most professionals earning between $35,725 and $54,308.

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Salary range for a Mortgage Processor

$39,408 to $49,134

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Mortgage Processor

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Job Openings for Mortgage Processor in Memphis, TN

What does a Mortgage Processor do?

Common responsibilities of a Mortgage Processor

Order title searches to confirm property ownership and ensure that there are no liens, unpaid taxes, or additional legal claims that will complicate the process.

December 30, 2022

Prepare written requests to the borrower identifying any missing documents required to support the application and update the loan origination system as needed.

August 14, 2022

Update Encompass with accurate reason(s) for the adverse action as soon as it is determined that applicants have withdrawn, cancelled, or have been denied, so compliance can send required notifications.

August 30, 2022

Performs data entry to update all internal computer systems and loan files with notes regarding all actions that affect the loan in accordance with company requirements.

March 27, 2023

Provide feedback to Loan Officers and/or Account Executives to ensure consistent follow-up regarding pre-approvals and/or full files and assist in resolving issues and/or possible counteroffers.

April 21, 2023

Demonstrate a thorough working knowledge of company guidelines and policies as well as all applicable laws and regulations related to mortgage lending in order to ensure compliance.

April 24, 2023

Communicate with applicant, Home Loan Consultant, and/or Home Loan Assistant to request required documentation.

April 26, 2023

Reviews new residential loan application files to verify that application data is complete and meets Company standards, including type and amount of mortgage, borrower assets, liabilities, and length of employment.

April 30, 2023

Request action from Disclosure Desk and other internal partners as required by valid change in circumstances.

May 19, 2023

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Mortgage Processor Salary By Experience Levels in Memphis, TN

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RELEVANT JOB EXPERIENCE

Length of experience is a pay differentiator. Those with greater experience may have an advantage in negotiating salary. For those with less experience, other factors such as education or special skills could impact your pay. Please visit Professional Salary Report for more details.

Mortgage Processor Salary By Level of Education in Memphis, TN

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LEVEL OF EDUCATION

Depending on the job, educational levels may have a significant impact on pay levels. Be informed and understand how things like education and certifications can help to increase potential earnings for the career you are interested in. Please visit Professional Salary Report for more details.

Average Salary Range for Mortgage Processor in Memphis, TN

Average Base Salary

Core compensation

39408

49134

43452

Average Total Cash Compensation

Includes base and annual incentives

40745

51600

45282

What is the average salary for Mortgage Processor in 2025?

These charts show the average base salary (core compensation), as well as the average total cash compensation for the job of Mortgage Processor in Memphis, TN. The base salary for Mortgage Processor ranges from $39,408 to $49,134 with the average base salary of $43,452. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $40,745 to $51,600 with the average total cash compensation of $45,282.

View Average Salary for Mortgage Processor as table

	Average Salary	Average Salary Range
Base Salary	$43,452	$39,408 - $49,134
Bonus	$1,829	$1,337 - $2,466
Total Pay	$45,282	$40,745 - $51,600

* 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.

Mortgage Processor Salary Near Memphis, TN

CITY, STATE	AVERAGE SALARY RANGE	COMPARE TO Memphis, TN
CITY, STATE Germantown, TN	AVERAGE SALARY RANGE $39,311 - $49,014	COMPARE TO Memphis, TN
CITY, STATE Southaven, MS	AVERAGE SALARY RANGE $39,349 - $49,061	COMPARE TO Memphis, TN
CITY, STATE Olive Branch, MS	AVERAGE SALARY RANGE $39,252 - $48,940	COMPARE TO Memphis, TN
CITY, STATE Jonesboro, AR	AVERAGE SALARY RANGE $39,113 - $48,767	COMPARE TO Memphis, TN
CITY, STATE Jackson, TN	AVERAGE SALARY RANGE $39,113 - $48,767	COMPARE TO Memphis, TN
CITY, STATE Tupelo, MS	AVERAGE SALARY RANGE $35,491 - $44,251	COMPARE TO Memphis, TN

See salaries for Mortgage Processor in locations close to Memphis, TN. Pay for the same job may vary based on the location and on the location and on other factors such as the size of company, the industry, and other local conditions.

About Memphis, Tennessee

Memphis is a city located along the Mississippi River in southwestern Shelby County, Tennessee, United States. The 2017 city population was 652,236, making Memphis the largest city on the Mississippi River, second-largest city in Tennessee, as well as the 25th largest city in the United States. Greater Memphis is the 42nd largest metropolitan area in the United States, with a population of 1,348,260 in 2017. The city is the anchor of West Tennessee and the greater Mid-South region, which includes portions of neighboring Arkansas and Mississippi. Memphis is the seat of Shelby County, the most p...

Source: Wikipedia (as of 04/11/2019). Read more from Wikipedia

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JOB TITLE	LOCATION	MINIMUM SALARY	MAXIMUM SALARY
JOB TITLE Senior Mortgage Processor	LOCATION Memphis, TN	MINIMUM SALARY $55,392	MAXIMUM SALARY $75,104
JOB TITLE Mortgage Loan Processor	LOCATION Memphis, TN	MINIMUM SALARY $39,408	MAXIMUM SALARY $49,134
JOB TITLE Remote Mortgage Processor	LOCATION Memphis, TN	MINIMUM SALARY $41,690	MAXIMUM SALARY $51,920
JOB TITLE Junior Mortgage Processor	LOCATION Memphis, TN	MINIMUM SALARY $31,634	MAXIMUM SALARY $38,954
JOB TITLE Mortgage Processor 4	LOCATION Memphis, TN	MINIMUM SALARY $48,070	MAXIMUM SALARY $64,723
JOB TITLE Intermediate Mortgage Loan Processor	LOCATION Memphis, TN	MINIMUM SALARY $45,100	MAXIMUM SALARY $60,700

The Mortgage Processor job could be listed using titles that are not exactly the same, but actually are for the same or very similar job. Here are some job titles in Memphis, TN that might be a good fit for the type of job and salary you are looking for.

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