As of July 01, 2026, the average salary for a Mortgage Processor in Minnesota is $45,001 per year, which breaks down to an hourly rate of $22.
However, a Mortgage Processor's salary can vary significantly. Here’s a look at the typical salary range:
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Mortgage Processor Salaries by Percentile
| Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
|
| 75th Percentile | $48,226 | $4,019 | $927 | $23 |
| Average | $45,001 | $3,750 | $865 | $22 |
| 25th Percentile | $41,738 | $3,478 | $803 | $20 |
Merchants Bank - Lakeville, MN
Kensington Bank - Willmar, MN
SERVION INC - Saint Paul, MN
Via Christi Village Hays - HAYS, KS
A Mortgage Processor'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.
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 Processors. 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 Processor roles, the industry you choose can impact your earning potential by as much as 40% (the gap between the highest and lowest paying industries). Data shows that the highest-paying industry, Business Services, offers compensation 20% above the average. Conversely, Mortgage Processor positions in Edu., Gov't. & Nonprofit typically offer lower base pay, as this sector often view Mortgage Processor as a support function rather than a direct revenue driver.
| Industry Sector | Average Annual Salary | Average Hourly Rate | Pay vs.Avg |
|---|---|---|---|
| Business Services | $54,002 | $26.0 | 20% |
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 | $48,226 | $4,019 | $927 | $23 |
| Average | $45,001 | $3,750 | $865 | $22 |
| 25th Percentile | $41,738 | $3,478 | $803 | $20 |
Ready to take the next step in your career? Browse thousands of current Mortgage Processor job openings on our job board. Use the search bar below to find your perfect match.
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