How much does a Mortgage Loan Processor make?

Updated May 8, 2021

Industry

Employer Size

Experience

$46,037 /yr
Average Base Pay

1,936 salaries

$35K

Low

$46K

Average

$60K

High

No additional cash compensation has been reported for this role

The national average salary for a Mortgage Loan Processor is $46,037 in United States. Filter by location to see Mortgage Loan Processor salaries in your area. Salary estimates are based on 1,936 salaries submitted anonymously to Glassdoor by Mortgage Loan Processor employees.

Seniority Levels

L2
Loan Processor$46,735 /yr
L3
Senior Loan Processor$56,059 /yr
L4
Loan Processor IV$44,559 /yr
Career Path

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Related Job Titles

Mortgage Loan Officer

$41,452

per year

Mortgage loan processor closer

$45,544

per year

Mortgage Processor

$50,704

per year

Residential Mortgage Loan Processor

$45,544

per year

Salaries by Company

Location

or

Find a Specific Employer

Sort:

Company

Average Base Salary in (USD)

Range

Wells Fargo
3.6

Wells Fargo

Mortgage Loan Processor

$46,955

 /yr
Range: $34K - $62K
136 salaries
See 135 salaries from all locations

$34K

$62K

$34,007 - $62,077 Range

Navy Federal Credit Union
4.1

Navy Federal Credit Union

Mortgage Loan Processor

$42,656

 /yr
Range: $32K - $61K

$32K

$61K

$31,672 - $61,000 Range

Movement Mortgage
3.9

Movement Mortgage

Mortgage Loan Processor

$39,738

 /yr
Range: $28K - $60K

$28K

$60K

$27,996 - $60,348 Range

Bank of America
4.1

Bank of America

Mortgage Loan Processor

$48,658

 /yr
Range: $40K - $61K

$40K

$61K

$39,892 - $60,869 Range

J.P. Morgan
4

J.P. Morgan

Mortgage Loan Processor

$52,444

 /yr
Range: $40K - $71K

$40K

$71K

$40,110 - $71,320 Range

U.S. Bank
3.7

U.S. Bank

Mortgage Loan Processor

$44,324

 /yr
Range: $22K - $70K

$22K

$70K

$22,013 - $70,480 Range

USAA
3.8

USAA

Mortgage Loan Processor

$42,148

 /yr
Range: $37K - $67K

$37K

$67K

$37,067 - $66,652 Range

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Citi
3.9

Citi

Mortgage Loan Processor

$44,017

 /yr
Range: $33K - $51K

$33K

$51K

$33,245 - $50,549 Range

loanDepot
3.6

loanDepot

Mortgage Loan Processor

$52,734

 /yr
Range: $36K - $63K

$36K

$63K

$35,723 - $63,345 Range

PHH Mortgage
3.2

PHH Mortgage

Mortgage Loan Processor

$50,447

 /yr
Range: $37K - $70K

$37K

$70K

$36,615 - $69,727 Range

Chase
3.8

Chase

Mortgage Loan Processor

$53,525

 /yr
Range: $46K - $92K

$46K

$92K

$45,738 - $92,076 Range

Accenture
4

Accenture

Mortgage Loan Processor

$50,951

 /yr
Range: $42K - $56K

$42K

$56K

$42,163 - $56,032 Range

Caliber Home Loans
3.8

Caliber Home Loans

Mortgage Loan Processor

$53,856

 /yr
Range: $36K - $67K

$36K

$67K

$35,506 - $67,122 Range

Sourcepoint
3.4

Sourcepoint

Mortgage Loan Processor - Hourly

$18

 /hr
Range: $12 - $24

$12

$24

$12 - $24 Range

PNC Financial Services Group
3.7

PNC Financial Services Group

Mortgage Loan Processor

$42,330

 /yr
Range: $34K - $55K

$34K

$55K

$33,600 - $54,569 Range

NVR
3.9

NVR

Mortgage Loan Processor

$54,862

 /yr
Range: $47K - $68K

$47K

$68K

$47,079 - $68,376 Range

Fairway Independent Mortgage
4.3

Fairway Independent Mortgage

Mortgage Loan Processor

$50,873

 /yr
Range: $37K - $70K

$37K

$70K

$36,733 - $69,688 Range

BB&T
3.6

BB&T

Mortgage Loan Processor

$44,267

 /yr
Range: $34K - $62K

$34K

$62K

$34,327 - $61,947 Range

Urban Lending Solutions
2.2

Urban Lending Solutions

Mortgage Loan Processor

$46,735

 /yr
Range: $42K - $53K

$42K

$53K

$41,874 - $52,578 Range

Digital Risk
2.8

Digital Risk

Mortgage Loan Processor

$46,906

 /yr
Range: $40K - $55K

$40K

$55K

$39,645 - $54,989 Range

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Frequently asked questions about Mortgage Loan Processor salaries

The average salary for a Mortgage Loan Processor is $46,037 in United States. Salaries estimates are based on 1936 salaries submitted anonymously to Glassdoor by Mortgage Loan Processor employees in United States.

The highest salary for a Mortgage Loan Processor in United States is $60,401 per year.

The lowest salary for a Mortgage Loan Processor in United States is $35,089 per year.

If you are thinking of becoming a Mortgage Loan Processor or planning the next step in your career, find out in our Career hub the career path and salary trajectory of a Mortgage Loan Processor.

See how your offer stacks up to other pay packages and negotiate confidently on our Offer Analyzer.

Recent Salary Reports

Below are the most recent mortgage loan processor salary reports. Employer name has been removed to protect anonymity.

$65,000
per year
A Loan Processor in the Los Angeles, CA Area area reported making $65,000 per year
Additional Pay
$360k cash bonus
Job Highlights
3-4 years experience
Los Angeles, CA Area area
Full-time
 
1001 to 5000 employees
Company - Private
$41,600
per year
A Loan Processor in the San Diego, CA Area area reported making $41,600 per year
Additional Pay
$10k cash bonus
Job Highlights
San Diego, CA Area area
Full-time
 
51 to 200 employees
Company - Private
$41,600
per year
A Loan Processor in the San Diego, CA Area area reported making $41,600 per year
Additional Pay
$15k cash bonus
Job Highlights
San Diego, CA Area area
Full-time
 
51 to 200 employees
Company - Private
$64,000
per year
A Mortgage Closer in the Dallas-Fort Worth, TX Area area reported making $64,000 per year
Job Highlights
1-2 years experience
Dallas-Fort Worth, TX Area area
Full-time
 
51 to 200 employees
Company - Private
$38,000
per year
A Mortgage Processor in the Pensacola, FL Area area reported making $38,000 per year
Job Highlights
1-2 years experience
Pensacola, FL Area area
 
Full-time
10000+ employees
$55,000
per year
A Mortgage Loan Processor in the San Antonio, TX Area area reported making $55,000 per year
Additional Pay
$216k stock bonus
Job Highlights
1-2 years experience
San Antonio, TX Area area
Full-time
 
1001 to 5000 employees
Company - Private
$24
hourly
A Loan Processor in the Charlotte, NC Area area reported making $24 per hour
Additional Pay
$432k cash bonus
Job Highlights
10+ years experience
Charlotte, NC Area area
Full-time
 
5001 to 10000 employees
Company - Private
$18
hourly
A Loan Processor in the Salt Lake City, UT Area area reported making $18 per hour
Job Highlights
1-2 years experience
Salt Lake City, UT Area area
Full-time
 
1001 to 5000 employees
Nonprofit Organization
$21
hourly
A Commercial Loan Processor in the Bozeman, MT Area area reported making $21 per hour
Job Highlights
3-4 years experience
Bozeman, MT Area area
Full-time
 
51 to 200 employees
Company - Private
$40,000
per year
A Mortgage Loan Processor in the El Paso, TX Area area reported making $40,000 per year
Job Highlights
1-2 years experience
El Paso, TX Area area
 
Full-time
10000+ employees
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