Mortgage Loan Processor Salary

The bottom tenth-percentile of loan processors earned an average annual salary of 33050 while the top tenth-percentile earned an average annual salary of 128390. Mortgage Loan Processor.

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Remote Mortgage Loan Processor TBG The Bachrach Group Las Vegas United States 55000 - 60000 Minimum 3 years processing experience with Mortgage Company excluding banks.

Mortgage loan processor salary. A Mortgage Loan Processor in your area makes on average 23 per hour or 054 2 more than the national average hourly salary of 2266. The BLS outlines that most training to become a loan processor is done by your employer but a high school diploma is needed. The total cash compensation which includes base and annual incentives can vary anywhere from 35696 to 44944 with the average total cash compensation of 39621.

The national average salary for Mortgage Loan Processor is 46936 per year in United States. Salaries estimates are based on 2122 salaries submitted anonymously to Glassdoor by Mortgage Loan Processor employees. 38000 - 56000 a year Senior Mortgage Loan Processor Hometown Lenders- Birmingham AL38.

Ranks number 1 out of 50 states nationwide for Mortgage Loan Processor salaries. This position is for an experienced loan processor having 2 years experience in the processing of residential mortgage loans. 60000 - 80000 a year.

The base salary for Mortgage Loan Processor I ranges from 40758 to 50783 with the average base salary of 45038. TalentBridge is searching for an entry levelLoan Processor for an exciting fast-paced position focused around the review audit and quality of a variety of documents related to the mortgage proce. Once a loan is originated by the mortgage broker or loan officer the corresponding paperwork is sent along to a loan processor.

A Mortgage Loan Processor in your area makes on average 48255 per year or 1117 2 more than the national average annual salary of 47138. For Mortgage loans the loan officer typically makes 1-15 of loan amount sometimes smaller working at a large bank sometimes higher at a broker or correspondent lender. 1 of loan amount to a processor for a mortgage loan would be an outrageous amount.

Per year The average salary for a loan processor is 54462 per year in the United States. Ranks number 1 out of 50 states nationwide for Mortgage Loan Processor salaries. Average Loan OfficerLoan Processor Salary by Education Level Loan officersloan processor with a Masters degree earn more than those without at 67400 annually.

With a Bachelors degree loan officersloan processor earn a median annual income of 58117 compared to 49121 for loan officersloan processor with an High School Diploma degree. The top 10 percent makes over 52000 per year while the bottom 10 percent under 33000 per year. Learn about the education and preparation needed to become a mortgage loan processor.

Job Description Duties and Career Information. The loan processor is responsible for prepping and organizing the file. Ive already covered the mortgage underwriters role so lets take a look at what loan processors do seeing that theyre also key to getting your loan closed in a timely fashion.

Mortgage Loan Processor Jobs Mortgage loan processors take customers mortgage loan application files and enter them into the banks loan processing system. The total cash compensation which includes base and annual incentives can vary anywhere from 42110 to 53019 with the average total cash compensation of 46741. 30 days ago.

Act as a liaison between applicants mortgage brokers and loan officers real estate agents and mortgage lending underwriters to help further loan approval. The base salary for Mortgage Loan Processor I ranges from 34550 to 43048 with the average base salary of 38178. An entry-level Mortgage Loan Processor with less than 1 year experience can expect to earn an average total compensation includes tips bonus and overtime pay of 1644.

Average Salary for a Mortgage Loan Processor Mortgage Loan Processors in America make an average salary of 41782 per year or 20 per hour. Filter by location to see Mortgage Loan Processor salaries in your area. They input all of the information and then go through each application package to make sure that all required documents are included and accurate.

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