What are the main factors that influence a Mortgage Processor's salary?

The primary factors are: 1) Experience Level, 2) Geographic Location, 3) Education/Skills, 4) Company Size & Industry

How does experience change A Mortgage Processor's salary?

A Mortgage Processor's salary grows with experience: a Mortgage Processor (0-1 years)earns $45,352, a Mortgage Loan Processor II (1-3 years)earns $50,506, a Loan Processing Manager (3-5 years)earns $97,585,

What are the highest paying states for a Mortgage Processor?

Mortgage Processor salary varies significantly by state. The top 3 highest paying states for Mortgage Processor roles are District of Columbia $48,688, California $48,504, Massachusetts $47,857. These tech hubs typically pay 10-15% above the national average.

How much do different types of Mortgage Processor roles make?

Salaries for Mortgage Processor level roles vary by specialization: Mortgage Loan Processor III: $70,525; Senior Mortgage Processor: $63,103; Mortgage Processor 4: $51,527; Intermediate Mortgage Loan Processor: $50,200; Mortgage Lending Processor II: $50,190.

Mortgage Processor Salary in Rhode Island

How much does a Mortgage Processor make in Rhode Island?

As of April 01, 2026, the average salary for a Mortgage Processor in Rhode Island is $45,593 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:

Top Earners (90th percentile): $51,849
Majority Range (25th-75th percentile): $42,289 to $48,868
Entry-Level (10th percentile): $39,281

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Mortgage Processor Salaries by Percentile

	Annual Salary	Monthly Pay	Weekly Pay	Hourly Wage
75th Percentile	$48,868	$4,072	$940	$23
Average	$45,593	$3,799	$877	$22
25th Percentile	$42,289	$3,524	$813	$20

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Key Factors That Influence Mortgage Processor Salaries

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.

How Do Mortgage Processor Salaries Vary from State to State?

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:

District of Columbia: $48,688.
California: $48,504.
Massachusetts: $47,857.

District of Columbia $48,688 California $48,504 Massachusetts $47,857 Washington $47,681 New Jersey $47,664 Alaska $47,602 Connecticut $46,995 New York $46,749

Hawaii $45,962 Rhode Island $45,593 Maryland $45,342 Minnesota $44,999 Colorado $44,867 Illinois $44,823 Oregon $44,656 Delaware $44,533

New Hampshire $44,455 Virginia $44,282 Pennsylvania $43,776 Nevada $43,521 North Dakota $43,438 Michigan $43,306 Wisconsin $43,258 Vermont $43,161

Texas $42,893 Maine $42,875 Arizona $42,849 Ohio $42,818 Georgia $42,413 Indiana $42,211 Wyoming $42,171 Utah $42,110

Iowa $42,083 Kansas $41,872 Louisiana $41,811 North Carolina $41,789 Missouri $41,780 Florida $41,608 Montana $41,516 Nebraska $41,428

Kentucky $41,380 South Carolina $41,204 Tennessee $41,094 Idaho $41,050 New Mexico $40,729 Oklahoma $40,659 Alabama $40,399 South Dakota $39,964

Arkansas $39,726 West Virginia $39,599 Mississippi $39,216

Top Paying Cities for Mortgage Processors

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:

Adamsville: $46,340
Albion: $45,571
Ashaway: $46,516

Adamsville, RI $46,340 Albion, RI $45,571 Ashaway, RI $46,516 Barrington, RI $45,571 Block Island, RI $46,274 Bradford, RI $46,485 Bristol, RI $45,527 Carolina, RI $46,107

Charlestown, RI $46,155 Chepachet, RI $45,483 Clayville, RI $45,527 Coventry, RI $45,483 West Greenwich, RI $45,452 East Greenwich, RI $45,513 Exeter, RI $46,485 Fiskeville, RI $45,571

Forestdale, RI $45,527 Foster, RI $45,452 Glendale, RI $45,452 Greene, RI $45,962 Greenville, RI $45,571 Harmony, RI $45,557 Harrisville, RI $45,483 Hope, RI $45,571

Hope Valley, RI $46,516 Hopkinton, RI $46,529 Jamestown, RI $46,063 Kenyon, RI $46,472 Little Compton, RI $46,323 Manville, RI $45,571 Mapleville, RI $45,452 Newport, RI $46,072

Middletown, RI $46,265 North Kingstown, RI $45,439 North Scituate, RI $45,557 Oakland, RI $45,496 Pascoag, RI $45,469 Pawtucket, RI $45,571 Central Falls, RI $45,571 Cumberland, RI $45,571

Lincoln, RI $45,571 Portsmouth, RI $45,887 Prudence Island, RI $45,483 Rockville, RI $46,529 Saunderstown, RI $46,089 Shannock, RI $46,459 Slatersville, RI $45,527 Slocum, RI $46,089

Tiverton, RI $46,353 Wakefield, RI $46,041 Kingston, RI $46,050 Narragansett, RI $46,059 Peace Dale, RI $46,041 Warren, RI $45,557 Warwick, RI $45,571 Westerly, RI $46,542

West Kingston, RI $46,076 West Warwick, RI $45,571 Wood River Junction, RI $46,485 Woonsocket, RI $45,527 North Smithfield, RI $45,557 Wyoming, RI $46,472 Providence, RI $45,571 Cranston, RI $45,571

North Providence, RI $45,571 East Providence, RI $45,571 Riverside, RI $45,571 Rumford, RI $45,571 Smithfield, RI $45,571 Johnston, RI $45,571

Mortgage Processor Salary: Hourly Rate, Weekly Pay, and Monthly Pay

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.

Last Updated on April 01, 2026

$42,289

Average $45,593/year

$48,868

$3,524

Average $3,799/month

$4,072

$813

Average $877/week

$940

$20

Average $22/hour

$23

	Annual Salary	Monthly Pay	Weekly Pay	Hourly Wage
75th Percentile	$48,868	$4,072	$940	$23
Average	$45,593	$3,799	$877	$22
25th Percentile	$42,289	$3,524	$813	$20

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