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How much do mortgage processors make?

By Zippia Team - Feb. 10, 2022

Mortgage processors make $40,000 a year, on average ($19.32 an hour). However, the range in how much a mortgage processor can make starts from as little as $32,000 to as high as $52,000 a year. Factors such as location and company impact how much a mortgage processor will make.

Highest-Paying States for Mortgage Processors:

  • District of Columbia averages $51,782 a year ($24.90 an hour)

  • West Virginia averages $49,529 a year ($23.81 an hour)

  • New Jersey averages $48,271 a year ($23.21 an hour)

  • Maryland averages $47,584 a year ($22.88 an hour)

  • Washington averages $46,144 a year ($22.18 an hour)

Lowest-Paying States for Mortgage Processors:

  • Idaho averages $31,107 a year ($14.96 an hour)

  • Arizona averages $32,606 a year ($15.68 an hour)

  • Iowa averages $34,251 a year ($16.47 an hour)

  • Montana averages $34,953 a year ($16.80 an hour)

  • South Dakota averages $35,174 a year ($16.91 an hour)

Mortgage Processor Salary By Company:

  • Wells Fargo averages $50,038 a year (range: $36K - $85K)

  • Navy Federal Credit Union averages $44,109 a year (range: $32K - $63K)

  • Movement Mortgage averages $41,907 a year (range: $30K - $64K)

  • Bank of America averages $51,269 a year (range: $42K - $74K)

  • J.P. Morgan averages $54,961 a year (range: $42K - $75K)

  • U.S. Bank averages $46,960 a year (range: $23K - $74K)

How much do mortgage processors make?

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