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Job outlook for mortgage loan processors in the United States
Mortgage loan processor job growth summary. After extensive research, interviews, and analysis, Zippia's data science team found that:
The projected mortgage loan processor job growth rate is -3% from 2018-2028.
About -38,500 new jobs for mortgage loan processors are projected over the next decade.
Mortgage loan processor salaries have increased 7% for mortgage loan processors in the last 5 years.
There are over 186,064 mortgage loan processors currently employed in the United States.
There are 16,276 active mortgage loan processor job openings in the US.
The average mortgage loan processor salary is $43,594.
Are mortgage loan processor jobs in demand?
Yes, mortgage loan processor jobs are in demand. Mortgage loan processor demand is projected to grow -3% from 2018 to 2028.
Mortgage loan processor job and salary trends over time
Compare the number of mortgage loan processor jobs and the average mortgage loan processor salary over time.
Mortgage loan processor jobs over time
Mortgage loan processor job growth rate over time
| Year | # of jobs | % of population |
|---|---|---|
| 2021 | 186,064 | 0.06% |
| 2020 | 161,054 | 0.05% |
| 2019 | 163,796 | 0.05% |
| 2018 | 172,264 | 0.05% |
| 2017 | 175,525 | 0.05% |
Average mortgage loan processor salary over time
Mortgage loan processor salary by year
| Year | Avg. salary | Hourly rate | % Change |
|---|---|---|---|
| 2026 | $43,594 | $20.96 | +1.8% |
| 2025 | $42,825 | $20.59 | +1.9% |
| 2024 | $42,035 | $20.21 | +2.1% |
| 2023 | $41,160 | $19.79 | +1.1% |
| 2022 | $40,707 | $19.57 | +2.4% |
Mortgage loan processor jobs by state
The map below shows you the number of mortgage loan processor job openings in each state. The darker areas on the map show where mortgage loan processors earn the highest salaries across all 50 states.
Average salary: Job openings:
Most common states for mortgage loan processors
| Rank | State | Population | # of jobs | Employment/ 1000ppl |
|---|---|---|---|---|
| 1 | Minnesota | 5,576,606 | 504 | 9% |
| 2 | South Dakota | 869,666 | 76 | 9% |
| 3 | Arizona | 7,016,270 | 540 | 8% |
| 4 | Rhode Island | 1,059,639 | 82 | 8% |
| 5 | Wyoming | 579,315 | 44 | 8% |
| 6 | Utah | 3,101,833 | 204 | 7% |
| 7 | Delaware | 961,939 | 68 | 7% |
| 8 | North Dakota | 755,393 | 55 | 7% |
| 9 | Colorado | 5,607,154 | 358 | 6% |
| 10 | Iowa | 3,145,711 | 180 | 6% |
| 11 | Nebraska | 1,920,076 | 112 | 6% |
| 12 | Alaska | 739,795 | 46 | 6% |
| 13 | District of Columbia | 693,972 | 41 | 6% |
| 14 | Florida | 20,984,400 | 1,055 | 5% |
| 15 | Illinois | 12,802,023 | 586 | 5% |
| 16 | Ohio | 11,658,609 | 568 | 5% |
| 17 | Maryland | 6,052,177 | 291 | 5% |
| 18 | Nevada | 2,998,039 | 163 | 5% |
| 19 | Kansas | 2,913,123 | 146 | 5% |
| 20 | Idaho | 1,716,943 | 90 | 5% |
Most common cities for mortgage loan processors
| Rank | City | # of jobs | Employment/ 1000ppl | Avg. salary |
|---|---|---|---|---|
| 1 | Merrimack | 1 | 4% | $46,107 |
| 2 | Fishers | 2 | 3% | $42,509 |
| 3 | Concord | 1 | 2% | $45,013 |
| 4 | Alexandria | 1 | 1% | $47,685 |
| 5 | Auburn | 1 | 1% | $50,371 |
| 6 | Cedar Park | 1 | 1% | $48,278 |
| 7 | Pasadena | 1 | 1% | $56,496 |
| 8 | Rapid City | 1 | 1% | $38,238 |
| 9 | Rock Hill | 1 | 1% | $40,412 |
| 10 | Rockville | 1 | 1% | $56,317 |
| 11 | Tempe | 1 | 1% | $46,209 |
| 12 | Memphis | 1 | 0% | $40,988 |