Find The Best Mortgage Processor Jobs For You

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Mortgage Processor Careers

If your loans are opened or closed in a timely fashion, you should thank the mortgage processors. They receive all the paperwork after the rest of the mortgage team processes it. All the mortgage processes are run efficiently and smoothly due to their hard work and dedication.

They are an essential part of the mortgage team. Their main goal is to gather crucial documents and verify them before forwarding the application. Evaluation and compilation of application details for mortgage loans fall under their responsibilities. Moreover, once loan officers recommend the loan application for acceptance in the context of workflow, they take over the process.

A high school diploma will do the job for you, but a bachelor's degree in business or finance is preferred. By working at mortgage companies, banks, financial institutions, brokerage firms, or realty companies, you earn around $18.49 per hour. They work Monday to Friday during regular business hours.

There is more than meets the eye when it comes to being a mortgage processor. For example, did you know that they make an average of $19.32 an hour? That's $40,193 a year!

Between 2018 and 2028, the career is expected to grow 5% and produce 72,100 job opportunities across the U.S.

What Does a Mortgage Processor Do

There are certain skills that many mortgage processors have in order to accomplish their responsibilities. By taking a look through resumes, we were able to narrow down the most common skills for a person in this position. We discovered that a lot of resumes listed communication skills, math skills and organizational skills.

When it comes to the most important skills required to be a mortgage processor, we found that a lot of resumes listed 23.8% of mortgage processors included loan portfolio, while 18.3% of resumes included customer service, and 7.3% of resumes included underwriting guidelines. Hard skills like these are helpful to have when it comes to performing essential job responsibilities.

When it comes to searching for a job, many search for a key term or phrase. Instead, it might be more helpful to search by industry, as you might be missing jobs that you never thought about in industries that you didn't even think offered positions related to the mortgage processor job title. But what industry to start with? Most mortgage processors actually find jobs in the finance and professional industries.

How To Become a Mortgage Processor

If you're interested in becoming a mortgage processor, one of the first things to consider is how much education you need. We've determined that 39.3% of mortgage processors have a bachelor's degree. In terms of higher education levels, we found that 6.6% of mortgage processors have master's degrees. Even though some mortgage processors have a college degree, it's possible to become one with only a high school degree or GED.

Choosing the right major is always an important step when researching how to become a mortgage processor. When we researched the most common majors for a mortgage processor, we found that they most commonly earn bachelor's degree degrees or high school diploma degrees. Other degrees that we often see on mortgage processor resumes include associate degree degrees or master's degree degrees.

You may find that experience in other jobs will help you become a mortgage processor. In fact, many mortgage processor jobs require experience in a role such as customer service representative. Meanwhile, many mortgage processors also have previous career experience in roles such as loan processor or administrative assistant.

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Average Salary
$40,193
Average Salary
Job Growth Rate
5%
Job Growth Rate
Job Openings
7,943
Job Openings

Mortgage Processor Career Paths

Top Careers Before Mortgage Processor

Top Careers After Mortgage Processor

What is the right job for my career path?

Tell us your goals and we'll match you with the rights job to get there.

Average Salary for a Mortgage Processor

Mortgage Processors in America make an average salary of $40,193 per year or $19 per hour. The top 10 percent makes over $50,000 per year, while the bottom 10 percent under $32,000 per year.
Average Salary
$40,193

Best Paying Cities

City
ascdesc
Average Salarydesc
Baltimore, MD
Salary Range40k - 56k$48k$47,708
Denver, CO
Salary Range38k - 51k$45k$44,851
Hicksville, NY
Salary Range38k - 51k$44k$44,436
Hialeah, FL
Salary Range37k - 50k$44k$43,744
Boston, MA
Salary Range38k - 49k$44k$43,543
Thousand Oaks, CA
Salary Range37k - 50k$43k$43,422
$31k
$56k

Recently Added Salaries

Job TitleCompanyascdescCompanyascdescStart DateascdescSalaryascdesc
Mortgage Servicing Processor (Temporary)
Mortgage Servicing Processor (Temporary)
Chevron Federal Credit Union
Chevron Federal Credit Union
01/28/2021
01/28/2021
$55,18001/28/2021
$55,180
Mortgage Warehouse Processor
Mortgage Warehouse Processor
Comerica
Comerica
01/28/2021
01/28/2021
$44,00001/28/2021
$44,000
Mortgage Processor
Mortgage Processor
Randstad
Randstad
01/27/2021
01/27/2021
$33,28001/27/2021
$33,280
Mortgage Processor
Mortgage Processor
Randstad
Randstad
01/26/2021
01/26/2021
$48,00001/26/2021
$48,000
Mortgage Processor
Mortgage Processor
Thrivas
Thrivas
01/24/2021
01/24/2021
$48,00001/24/2021
$48,000
See More Recent Salaries

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Mortgage Processor Resumes

Designing and figuring out what to include on your resume can be tough, not to mention time-consuming. That's why we put together a guide that is designed to help you craft the perfect resume for becoming a Mortgage Processor. If you're needing extra inspiration, take a look through our selection of templates that are specific to your job.

Learn How To Write a Mortgage Processor Resume

At Zippia, we went through countless Mortgage Processor resumes and compiled some information about how best to optimize them. Here are some suggestions based on what we found, divided by the individual sections of the resume itself.

View Detailed Information

Mortgage Processor Demographics

Gender

female

71.7 %

male

24.8 %

unknown

3.5 %

Ethnicity

White

68.2 %

Black or African American

11.6 %

Hispanic or Latino

10.4 %

Foreign Languages Spoken

Spanish

62.6 %

French

6.1 %

Portuguese

4.3 %
See More Demographics

Mortgage Processor Education

Majors

Business
34.7 %
Finance
8.9 %

Degrees

Bachelors

39.3 %

High School Diploma

20.9 %

Associate

19.8 %

Top Colleges for Mortgage Processors

1. University of Pennsylvania

Philadelphia, PA • Private

In-State Tuition
$55,584
Enrollment
10,764

2. Northwestern University

Evanston, IL • Private

In-State Tuition
$54,568
Enrollment
8,451

3. University of Southern California

Los Angeles, CA • Private

In-State Tuition
$56,225
Enrollment
19,548

4. SUNY at Binghamton

Vestal, NY • Public

In-State Tuition
$9,808
Enrollment
13,990

5. Villanova University

Villanova, PA • Private

In-State Tuition
$53,308
Enrollment
6,819

6. San Diego State University

San Diego, CA • Public

In-State Tuition
$7,488
Enrollment
30,018

7. Bentley University

Waltham, MA • Private

In-State Tuition
$49,880
Enrollment
4,177

8. Boston University

Boston, MA • Private

In-State Tuition
$53,948
Enrollment
17,238

9. SUNY Stony Brook

Stony Brook, NY • Public

In-State Tuition
$9,625
Enrollment
17,407

10. New York University

New York, NY • Private

In-State Tuition
$51,828
Enrollment
26,339
See More Education Info
Job type you want
Full Time
Part Time
Internship
Temporary

Top Skills For a Mortgage Processor

The skills section on your resume can be almost as important as the experience section, so you want it to be an accurate portrayal of what you can do. Luckily, we've found all of the skills you'll need so even if you don't have these skills yet, you know what you need to work on. Out of all the resumes we looked through, 23.8% of mortgage processors listed loan portfolio on their resume, but soft skills such as communication skills and math skills are important as well.

Best States For a Mortgage Processor

Some places are better than others when it comes to starting a career as a mortgage processor. The best states for people in this position are West Virginia, New Jersey, Maryland, and Washington. Mortgage processors make the most in West Virginia with an average salary of $49,529. Whereas in New Jersey and Maryland, they would average $48,271 and $47,584, respectively. While mortgage processors would only make an average of $46,144 in Washington, you would still make more there than in the rest of the country. We determined these as the best states based on job availability and pay. By finding the median salary, cost of living, and using the Bureau of Labor Statistics' Location Quotient, we narrowed down our list of states to these four.

1. Colorado

Total Mortgage Processor Jobs:
229
Highest 10% Earn:
$58,000
Location Quotient:
1.29
Location Quotient is a measure used by the Bureau of Labor Statistics (BLS) to determine how concentrated a certain industry is in a single state compared to the nation as a whole. You can read more about how BLS calculates location quotients here

2. Washington

Total Mortgage Processor Jobs:
218
Highest 10% Earn:
$57,000
Location Quotient:
1
Location Quotient is a measure used by the Bureau of Labor Statistics (BLS) to determine how concentrated a certain industry is in a single state compared to the nation as a whole. You can read more about how BLS calculates location quotients here

3. Florida

Total Mortgage Processor Jobs:
608
Highest 10% Earn:
$57,000
Location Quotient:
1.31
Location Quotient is a measure used by the Bureau of Labor Statistics (BLS) to determine how concentrated a certain industry is in a single state compared to the nation as a whole. You can read more about how BLS calculates location quotients here
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Top Mortgage Processor Employers

We've made finding a great employer to work for easy by doing the hard work for you. We looked into employers that employ mortgage processors and discovered their number of mortgage processor opportunities and average salary. Through our research, we concluded that Wells Fargo was the best, especially with an average salary of $37,124. Bank of America follows up with an average salary of $37,091, and then comes USAA with an average of $38,121. In addition, we know most people would rather work from home. So instead of having to change careers, we identified the best employers for remote work as a mortgage processor. The employers include Navy Federal Credit Union, Banco Santander, and Fairway Independent Mortgage

1. Wells Fargo
4.7
Avg. Salary: 
$37,124
Mortgage Processors Hired: 
397+
2. Bank of America
4.8
Avg. Salary: 
$37,091
Mortgage Processors Hired: 
209+
3. USAA
4.8
Avg. Salary: 
$38,121
Mortgage Processors Hired: 
160+
4. JPMorgan Chase
4.9
Avg. Salary: 
$37,377
Mortgage Processors Hired: 
131+
5. Navy Federal Credit Union
4.9
Avg. Salary: 
$39,242
Mortgage Processors Hired: 
123+
6. U.S. Bank
4.7
Avg. Salary: 
$38,282
Mortgage Processors Hired: 
95+

Mortgage Processor Videos

Updated October 2, 2020