Explore jobs
Find specific jobs
Explore careers
Explore professions
Best companies
Explore companies
Mortgage processor salary
Average mortgage processor salary
$40,527
Understanding the Mortgage Processor Salary
The salary for a Mortgage Processor is not static and can vary based on several factors such as experience, location, and the specific employer. As of October 2025, the average salary is $40,527 annually. Entry-level positions typically start lower, while those with more experience can command higher salaries. States with higher demand for mortgage processors, such as California and New York, often offer more competitive pay.
Salary by Experience Level
Experience significantly influences earnings. For instance, novice mortgage processors might make around $30,000 while seasoned professionals could earn upwards of $60,000 annually. Continuing education and certifications can also enhance salary prospects.
Job Opportunities
Opportunities abound in various sectors, including banks, credit unions, and mortgage companies. Job seekers can explore listings on Zippia to find positions that align with their skills and career aspirations. Tailoring your resume to highlight relevant experience can greatly improve your chances.
Let Zippia find your next mortgage processor job
Let Zippia find your next mortgage processor job
Where can a Mortgage Processor earn more?
Mortgage processor salaries by experience level
Mortgage processor salary estimates from across the web
Average mortgage processor salary by state
The average mortgage processor salary in Arizona, Washington, and California are the highest in the U.S. The lowest average mortgage processor salary states are Ohio, Wisconsin, and Missouri.
- State view
- County view
Highest paying states for mortgage processors
| Rank | State | Avg. salary | Hourly rate |
|---|---|---|---|
| 1 | Arizona | $53,398 | $25.67 |
| 2 | Washington | $51,663 | $24.84 |
| 3 | Colorado | $47,823 | $22.99 |
| 4 | Rhode Island | $44,531 | $21.41 |
| 5 | Kentucky | $44,054 | $21.18 |
| 6 | West Virginia | $49,391 | $23.75 |
| 7 | Nevada | $42,198 | $20.29 |
| 8 | New Jersey | $47,597 | $22.88 |
| 9 | Kansas | $42,579 | $20.47 |
| 10 | California | $49,911 | $24.00 |
| 11 | Delaware | $43,532 | $20.93 |
| 12 | Michigan | $41,277 | $19.84 |
| 13 | New York | $47,609 | $22.89 |
| 14 | Arkansas | $45,854 | $22.05 |
| 15 | Maryland | $46,739 | $22.47 |
| 16 | Oregon | $43,294 | $20.81 |
| 17 | Tennessee | $41,426 | $19.92 |
| 18 | Florida | $42,056 | $20.22 |
| 19 | South Carolina | $41,843 | $20.12 |
| 20 | Oklahoma | $42,114 | $20.25 |
| 21 | Louisiana | $42,702 | $20.53 |
| 22 | Texas | $40,536 | $19.49 |
| 23 | Alabama | $41,427 | $19.92 |
| 24 | Wyoming | $38,328 | $18.43 |
| 25 | Massachusetts | $44,688 | $21.48 |
| 26 | North Carolina | $40,131 | $19.29 |
| 27 | New Mexico | $40,723 | $19.58 |
| 28 | Alaska | $40,621 | $19.53 |
| 29 | Indiana | $38,739 | $18.62 |
| 30 | Connecticut | $43,651 | $20.99 |
| 31 | Vermont | $42,138 | $20.26 |
| 32 | New Hampshire | $41,408 | $19.91 |
| 33 | Utah | $38,761 | $18.64 |
| 34 | Virginia | $41,871 | $20.13 |
| 35 | North Dakota | $37,901 | $18.22 |
| 36 | Hawaii | $45,455 | $21.85 |
| 37 | Minnesota | $38,345 | $18.44 |
| 38 | Georgia | $39,827 | $19.15 |
| 39 | Ohio | $36,422 | $17.51 |
| 40 | South Dakota | $35,316 | $16.98 |
| 41 | Pennsylvania | $37,957 | $18.25 |
| 42 | Idaho | $36,996 | $17.79 |
| 43 | Illinois | $37,581 | $18.07 |
| 44 | Nebraska | $35,101 | $16.88 |
| 45 | Mississippi | $38,080 | $18.31 |
| 46 | Maine | $37,629 | $18.09 |
| 47 | Montana | $36,447 | $17.52 |
| 48 | Wisconsin | $36,307 | $17.46 |
| 49 | Missouri | $35,353 | $17.00 |
| 50 | Iowa | $34,598 | $16.63 |
| 51 | District of Columbia | $33,246 | $15.98 |
Highest paying cities for mortgage processors
The highest-paying cities for mortgage processors are Phoenix, AZ, Oakland, CA, and Hicksville, NY.
| Rank | City | Avg. salary | Hourly rate |
|---|---|---|---|
| 1 | Phoenix, AZ | $53,493 | $25.72 |
| 2 | Oakland, CA | $51,006 | $24.52 |
| 3 | Hicksville, NY | $47,864 | $23.01 |
| 4 | Baltimore, MD | $46,962 | $22.58 |
| 5 | Boston, MA | $44,564 | $21.43 |
| 6 | Owensboro, KY | $44,214 | $21.26 |
| 7 | Portland, OR | $42,769 | $20.56 |
| 8 | Tampa, FL | $42,551 | $20.46 |
| 9 | Greenville, SC | $42,106 | $20.24 |
| 10 | Richmond, VA | $41,673 | $20.04 |
| 11 | Troy, MI | $41,497 | $19.95 |
| 12 | Franklin, TN | $41,369 | $19.89 |
| 13 | Birmingham, AL | $41,269 | $19.84 |
| 14 | San Antonio, TX | $41,156 | $19.79 |
| 15 | Charlotte, NC | $40,219 | $19.34 |
| 16 | Atlanta, GA | $39,853 | $19.16 |
| 17 | Indianapolis, IN | $38,661 | $18.59 |
| 18 | Shoreview, MN | $38,380 | $18.45 |
| 19 | Philadelphia, PA | $38,293 | $18.41 |
| 20 | Cincinnati, OH | $35,817 | $17.22 |
Mortgage processor salary details
A mortgage processor's salary ranges from $31,000 a year at the 10th percentile to $52,000 at the 90th percentile.
What is a mortgage processor's salary?
| Percentile | Annual salary | Monthly salary | Hourly rate |
|---|---|---|---|
| 90th Percentile | $52,000 | $4,333 | $25 |
| 75th Percentile | $46,000 | $3,833 | $22 |
| Average | $40,527 | $3,377 | $19 |
| 25th Percentile | $35,000 | $2,917 | $17 |
| 10th Percentile | $31,000 | $2,583 | $15 |
Highest paying mortgage processor jobs
The highest paying types of mortgage processors are loan servicing specialist, mortgage underwriter, and senior loan processor.
| Job title | Annual salary | Monthly salary | Hourly rate | Job openings |
|---|---|---|---|---|
| Loan Closer | $39,093 | $3,258 | $18.79 | 11,431 |
| Post Closer | $38,045 | $3,170 | $18.29 | 10,407 |
| Transaction Coordinator | $41,792 | $3,483 | $20.09 | 16,804 |
| Loan Services Representative | $38,603 | $3,217 | $18.56 | 85,475 |
| Closing Coordinator | $39,066 | $3,256 | $18.78 | 19,203 |
| Loan Coordinator | $39,836 | $3,320 | $19.15 | 24,765 |
Top companies hiring mortgage processors now:
Which companies pay mortgage processors the most?
Mortgage processor salaries at CyberCoders and USAA are the highest-paying according to our most recent salary estimates. In addition, the average mortgage processor salary at companies like Navy Federal Credit Union and System One are highly competitive.
| Rank | Company | Average salary | Hourly rate |
|---|---|---|---|
| 1 | CyberCoders | $45,957 | $22.09 |
| 2 | USAA | $45,223 | $21.74 |
| 3 | Navy Federal Credit Union | $44,806 | $21.54 |
| 4 | System One | $43,659 | $20.99 |
| 5 | United Federal Credit Union | $43,654 | $20.99 |
| 6 | Jobot | $42,755 | $20.56 |
| 7 | Johnson Financial Group | $42,381 | $20.38 |
| 8 | Randstad North America, Inc. | $41,697 | $20.05 |
| 9 | Kelly Services | $40,827 | $19.63 |
| 10 | ManpowerGroup | $40,638 | $19.54 |
| 11 | Robert Half | $40,418 | $19.43 |
| 12 | COMMUNITY BANCORP INC | $40,144 | $19.30 |
| 13 | Canadian Imperial Holdings, Inc. | $40,137 | $19.30 |
| 14 | Arrow Financial Services LLC | $40,115 | $19.29 |
| 15 | Oklahoma's Credit Union | $39,992 | $19.23 |
| 16 | VARITE | $39,711 | $19.09 |
| 17 | Aerotek | $39,696 | $19.08 |
| 18 | Iron Mountain | $39,621 | $19.05 |
| 19 | Neighbors Credit Union | $39,520 | $19.00 |
| 20 | Adecco | $39,318 | $18.90 |
Wage gap by gender, race and education
Mortgage processor salary trends
The average mortgage processor salary has risen by $6,417 over the last ten years. In 2014, the average mortgage processor earned $34,110 annually, but today, they earn $40,527 a year. That works out to a 7% change in pay for mortgage processors over the last decade.
Compare mortgage processor salaries for cities or states with the national average over time.
Average mortgage processor salary over time
Compare mortgage processor salaries for individual cities or states with the national average.
Mortgage processor salary by year
| Year | Avg. salary | Hourly rate | % Change |
|---|---|---|---|
| 2025 | $40,500 | $19.48 | +1.8% |
| 2024 | $39,800 | $19.14 | +1.8% |
| 2023 | $39,100 | $18.79 | +2.1% |
| 2022 | $38,300 | $18.40 | +1.1% |
| 2021 | $37,800 | $18.19 | +2.4% |
Recently added mortgage processor salaries
| Company | Job | Location | Date added | Salary |
|---|---|---|---|---|
| Alliant Credit Union | Mortgage Processor-Hybrid | Chicago, IL | 06/29/2025 | $42,137 |
| Paramount Residential Mortgage Group | Mortgage-Processor | Cape Coral, FL | 06/27/2025 | $40,000 |
| National Mortgage Staffing | In Office Mortgage Processor-Broker Experience | Phoenix, AZ | 06/27/2025 | $50,000 |
| Fort Knox Federal Credit Union | Mortgage Processor | Radcliff, KY | 06/24/2025 | $39,778 |
| Abound Credit Union | Mortgage Processor | Radcliff, KY | 06/24/2025 | $39,778 |
| M&T Bank | Mortgage Processor III | Clanton, AL | 06/19/2025 | $38,756 |
| M&T Bank | Mortgage Processor II (Safe ACT) | Williamsville, NY | 06/12/2025 | $37,566 |
| Manufacturers and Traders Trust Co | Mortgage Processor II (Safe ACT) | Williamsville, NY | 06/12/2025 | $37,566 |
| Get It-Real Estate | Mortgage Processor-Remote | WFH | Amherst, NY | 05/26/2025 | $45,914 |
| Get It-Real Estate | Hard Money Mortgage Processor-Remote | WFH | Moorpark, CA | 05/26/2025 | $45,914 |
Mortgage processor salary FAQs
Search for mortgage processor jobs