How much does a Senior Mortgage Processor make? The average Senior Mortgage Processor salary is $58,505 as of October 28, 2020, but the salary range typically falls between $52,111 and $69,066. Salary ranges can vary widely depending on many important factors, including education, certifications, additional skills, the number of years you have spent in your profession. With more online, real-time compensation data than any other website, Salary.com helps you determine your exact pay target.
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What does a Senior Mortgage Processor do?
Senior Mortgage Processor
Order and review title insurance, appraisals, loan payoffs, flood and tax certificates and surveys, and thoroughly review all documents before submission to underwriting.
January 04, 2020
Follow established procedures required for loan completion, in accordance with lending compliance rules and stay abreast of changing regulation related to residential lending/mortgage processing.
March 10, 2020
Obtain and analyze information necessary to process mortgage applications including credit reports, appraisals, title work, verification of employment, calculation of income, asset verification and any other pertinent information.
April 14, 2020
Requires effective communication with customers and/or other employees using common telecommunications equipment and computer equipment.
April 26, 2020
Performs pre-closing, post-closing, or whole loan due diligence review of legal agreements and other closing documents to terms of loan commitment.
May 01, 2020
Communicate frequently with members of the Private Wealth Management team, to include loan officers, underwriters, collateral specialists, mortgage and correspondent lending consultants.
May 12, 2020
Gather and process underwriting conditions to submit for CTC (Clear To Close) and prepare loan for submission to closing within established timeframes.
May 15, 2020
Senior Mortgage Processor Salary in Major Cities
This chart shows the salary comparison for Senior Mortgage Processor between major cities. San Francisco City consistently ranks #1 as of October 28, 2020. Click on the chart to see the detail salary data for Senior Mortgage Processor in each city.
Senior Mortgage Processor Salary by State
- Alaska
- Alabama
- Arkansas
- Arizona
- California
- Colorado
- Connecticut
- District of Columbia
- Delaware
- Florida
- Georgia
- Hawaii
- Iowa
- Idaho
- Illinois
- Indiana
- Kansas
- Kentucky
- Louisiana
- Massachusetts
- Maryland
- Maine
- Michigan
- Minnesota
- Missouri
- Mississippi
- Montana
- North Carolina
- North Dakota
- Nebraska
- New Hampshire
- New Jersey
- New Mexico
- Nevada
- New York
- Ohio
- Oklahoma
- Oregon
- Pennsylvania
- Rhode Island
- South Carolina
- South Dakota
- Tennessee
- Texas
- Utah
- Virginia
- Vermont
- Washington
- Wisconsin
- West Virginia
- Wyoming
Senior Mortgage Processor Salary by City
Click to see the salary for Senior Mortgage Processor in these major U.S. cities.
| City Name | Average Salary |
|---|---|
| San Francisco, CA | $73,131 |
| Washington, DC | $65,128 |
| Miami, FL | $56,955 |
| Chicago, IL | $62,067 |
| Boston, MA | $65,918 |
| New York, NY | $70,382 |
| Dallas, TX | $58,125 |
If you'd like know Senior Mortgage Processor Salary in other cities, then please select a city in
Average Salary Range for Senior Mortgage Processor
Average Base Salary
Core compensation
52111
69066
Average Total Cash Compensation
Includes base and annual incentives
What is the average salary for Senior Mortgage Processor in 2020?
These charts show the average base salary (core compensation), as well as the average total cash compensation for the job of Senior Mortgage Processor in the United States. The base salary for Senior Mortgage Processor ranges from $52,111 to $69,066 with the average base salary of $58,505. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $58,811 to $85,111 with the average total cash compensation of $71,373.
View Average Salary for Senior Mortgage Processor as table
| Average Salary | Average Salary Range | |
|---|---|---|
| Base Salary | $58,505 | $52,111 - $69,066 |
| Bonus | $12,868 | $6,700 - $16,045 |
| Total Pay | $71,373 | $58,811 - $85,111 |
* 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.
Estimate Salary for Senior Mortgage Processor online for free
Salary.com Estimate Salary Tool provides free, accurate and real-time salary for thousands of careers. Please enter the following pay factors for Senior Mortgage Processor, to get a real-time salary target. If you want to get more detailed salary information, please view Professional Salary Report
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Comments about Senior Mortgage Processor
What's the difference between Senior Mortgage Loan Processor and Senior Mortgage Processor?
According to our latest salary estimation on October 28, 2020. The average salary of Senior Mortgage Processor is $58,505, and the average salary of Senior Mortgage Loan Processor is $51,110. The average salary of Senior Mortgage Loan Processor is lower than Senior Mortgage Processor. ( 2020-10-28 salary.com )
I am a Senior Mortgage Processor, which location’s salary is higher, Barnstable, MA or New Britain, CT?
New Britain, CT typically sees higher pay than Barnstable, MA for Senior Mortgage Processor. a Senior Mortgage Processor Salary in New Britain, CT is $63,186 as of October 28, 2020; a Senior Mortgage Processor Salary in Barnstable, MA is $61,695 as of October 28, 2020. ( 2020-10-28 salary.com )
Senior Mortgage Processor Frequently Asked Questions
Why does the salary of a Senior Mortgage Processor vary from city to city?
The cost of living is tied to salaries. If the expenses are higher in a particular city, then the wage level will be higher as well to afford the people can opportunity to live there. This is why you're always going to make more money in New York City for example, than in a small town. ( 2020-10-28 salary.com )
What are the Pay Factors for Senior Mortgage Processor?
Salary ranges for a Senior Mortgage Processor can vary widely, depending on the city and several other pay factors, including (but not limited to) education level, certifications, additional skills, and work experience. Click here to view Eight Factors That Can Affect Your Pay ( 2020-10-28 salary.com )
How the Pay Factors Influence Your Pay?
Salaries are ultimately dictated by the position being applied to, and hiring company, but there are several important pay factors that come into play based on your individual history that could impact your value to the company. Salary.com's Personal Salary Report will analyze these factors for you to help you maximize your earning potential. ( 2020-10-28 salary.com )
Learn more about: Compensation Packages, Employee Flight Risk, Gender Pay Gap, Job Openings for This Role
Last Update: October 28, 2020