Updated Dec 13, 2021

How much does a Mortgage Loan Processor make?

Updated Dec 13, 2021

Experience

$70,769 / yrTotal Pay
$48,904 / yrBase Pay
$21,864 / yrAdditional Pay

$70,769

 / yr
$36K$270K
Most Likely Range
Possible Range

The estimated total pay for a Mortgage Loan Processor is $70,769 per year in the United States area, with an average salary of $48,904 per year. These numbers represent the median, which is the midpoint of the ranges from our proprietary Total Pay Estimate model and based on salaries collected from our users. The estimated additional pay is $21,864 per year. Additional pay could include cash bonus, commission, tips, and profit sharing. The "Most Likely Range" represents values that exist within the 25th and 75th percentile of all pay data available for this role.

How accurate does $70,769 look to you?

Your input helps Glassdoor refine our pay estimates over time.

What is the total pay trajectory for Loan Processor?
$59,541 /yr
Loan Processor
$80,201 /yr
Senior Loan Processor
$73,208 /yr
Loan Processor IV
See Full Career Path

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What are some related job titles for Mortgage Loan Processor?

Some related job titles are Mortgage Loan Officer Salaries with median pay of $205,492, Mortgage Loan Processor/Closer Salaries with median pay of $73,601, Mortgage Processor Salaries with median pay of $70,522, Residential Mortgage Loan Processor Salaries with median pay of $146,753.

What are total pay estimates for a Mortgage Loan Processor at different companies?

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Average Base Salary in (USD)

Range

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Wells Fargo
3.6

Wells Fargo

Mortgage Loan Processor

$52,162

 /yr
Range: $22K - $94K

$22K

$94K

$21,798 - $94,388 Range

Navy Federal Credit Union
4.1

Navy Federal Credit Union

Mortgage Loan Processor

$45,893

 /yr
Range: $33K - $66K

$33K

$66K

$32,847 - $65,878 Range

Movement Mortgage
3.9

Movement Mortgage

Mortgage Loan Processor

$43,911

 /yr
Range: $31K - $69K

$31K

$69K

$30,777 - $68,637 Range

loanDepot
3.3

loanDepot

Mortgage Loan Processor

$56,682

 /yr
Range: $36K - $91K

$36K

$91K

$35,899 - $91,008 Range

Bank of America
4.0

Bank of America

Mortgage Loan Processor

$53,445

 /yr
Range: $44K - $77K

$44K

$77K

$43,854 - $77,256 Range

U.S. Bank
3.8

U.S. Bank

Mortgage Loan Processor

$50,000

 /yr
Range: $24K - $77K

$24K

$77K

$24,200 - $77,481 Range

Caliber Home Loans
3.2

Caliber Home Loans

Mortgage Loan Processor

$51,664

 /yr
Range: $39K - $74K

$39K

$74K

$39,033 - $73,790 Range

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Fairway Independent Mortgage
4.0

Fairway Independent Mortgage

Mortgage Loan Processor

$57,924

 /yr
Range: $36K - $77K

$36K

$77K

$36,026 - $76,611 Range

Mr. Cooper
3.5

Mr. Cooper

Mortgage Loan Processor

$42,596

 /yr
Range: $32K - $59K

$32K

$59K

$31,881 - $58,631 Range

Citi
3.9

Citi

Mortgage Loan Processor

$48,610

 /yr
Range: $37K - $61K

$37K

$61K

$36,548 - $61,118 Range

USAA
3.6

USAA

Mortgage Loan Processor

$46,714

 /yr
Range: $41K - $73K

$41K

$73K

$40,749 - $73,273 Range

Guaranteed Rate
2.9

Guaranteed Rate

Mortgage Loan Processor

$55,154

 /yr
Range: $38K - $75K

$38K

$75K

$38,415 - $75,000 Range

JPMorgan Chase & Co
4.0

JPMorgan Chase & Co

Mortgage Loan Processor

$58,507

 /yr
Range: $42K - $78K

$42K

$78K

$42,000 - $78,405 Range

Newrez
3.2

Newrez

Mortgage Loan Processor - Hourly

$24

 /hr
Range: $19 - $31

$19

$31

$19 - $31 Range

CrossCountry Mortgage
3.4

CrossCountry Mortgage

Mortgage Loan Processor

$50,400

 /yr
Range: $35K - $77K

$35K

$77K

$35,256 - $77,373 Range

PHH Mortgage
2.9

PHH Mortgage

Mortgage Loan Processor

$55,458

 /yr
Range: $40K - $77K

$40K

$77K

$40,252 - $76,654 Range

Sourcepoint
3.0

Sourcepoint

Mortgage Loan Processor - Hourly

$19

 /hr
Range: $13 - $30

$13

$30

$13 - $30 Range

NVR
3.8

NVR

Mortgage Loan Processor

$59,672

 /yr
Range: $52K - $72K

$52K

$72K

$51,755 - $72,414 Range

Chase
3.7

Chase

Mortgage Loan Processor

$58,842

 /yr
Range: $48K - $85K

$48K

$85K

$48,459 - $85,043 Range

Freedom Mortgage
3.4

Freedom Mortgage

Mortgage Loan Processor

$52,212

 /yr
Range: $40K - $76K

$40K

$76K

$39,947 - $75,723 Range

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Viewing 1 - 10 of 4,266

Recent User Submitted Salaries for Commercial Loan Closer in United States of America

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$45,000

/yrAvg Base Salary

7 days ago by a Commercial Loan Closer with 1 to 3 years of experience

$23

/hrAvg Base Salary

7 days ago by a Loan Processor with 1 to 3 years of experience

$50,000

/yrAvg Base Salary

7 days ago by a Mortgage Loan Processor with 1 to 3 years of experience

$55,000

/yrAvg Base Salary

7 days ago by a Mortgage Loan Processor with 1 to 3 years of experience

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$3,000

/moAvg Base Salary

7 days ago by a Mortgage Loan Processor with 4 to 6 years of experience

$55,000

/yrAvg Base Salary
Cash Bonus$15,000/yr

7 days ago by a Loan Processor with 1 to 3 years of experience

$24

/hrAvg Base Salary
Cash Bonus$259,200/hr

8 days ago by a Mortgage Loan Processor with 1 to 3 years of experience

$28

/hrAvg Base Salary

8 days ago by a Special Loans Coordinator with 1 to 3 years of experience

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Frequently asked questions about a Mortgage Loan Processor salaries

The national average salary for a Mortgage Loan Processor is $47,798 per year in United States. Filter by location to see a Mortgage Loan Processor salaries in your area. Salaries estimates are based on 2311 salaries submitted anonymously to Glassdoor by a Mortgage Loan Processor employees.

The highest salary for a Mortgage Loan Processor in United States is $63,046 per year.

The lowest salary for a Mortgage Loan Processor in United States is $36,238 per year.

If you are thinking of becoming a Mortgage Loan Processor or planning the next step in your career, find details about the role, the career path and salary trajectory of a Mortgage Loan Processor.