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How Much Does a Mortgage Processor Earn In The United States?

Mortgage Processor Salaries
Updated April 6, 2021
Average Yearly Salary
$40,000
$32,000
$40,000
$50,000
Mortgage processors in the United States make an average salary of $40,193 per year or $19.32 per hour. People on the lower end of that spectrum, the bottom 10% to be exact, make roughly $32,000 a year, while the top 10% makes $50,000. As most things go, location can be critical. West Virginia, New Jersey, Maryland, Washington, and Connecticut provide the highest mortgage processor salaries.
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Where Mortgage Processors Earn The Most

The darker areas on the map show where mortgage processors earn the highest salaries across all 50 states.

Average Salary

How Much Do Mortgage Processors Earn In Different Cities?

Throughout the U.S., the average salary for a mortgage processor is roughly $40,193 per year, which boils down to $19.32 per hour. Interestingly enough, mortgage processors have the highest salaries in Baltimore, MD at about $47,708 per year. For those who are just starting out, the average entry-level salary in Baltimore, MD is $34,000. Additionally, mortgage processors make more than the average salary in Denver, CO, Hicksville, NY, Hialeah, FL, Boston, MA, and Thousand Oaks, CA. On a more broad level, mortgage processor salaries are highest in West Virginia, New Jersey, Maryland, Washington, Connecticut, New Hampshire, and Colorado. On the contrary, Mississippi, South Dakota, and Montana offer the lowest mortgage processor salaries.
Location
1. Baltimore, MD
$47,708
Avg. Salary
$31k
$56k
2. Denver, CO
$44,851
Avg. Salary
$31k
$56k
3. Hicksville, NY
$44,436
Avg. Salary
$31k
$56k
4. Hialeah, FL
$43,744
Avg. Salary
$31k
$56k
5. Boston, MA
$43,543
Avg. Salary
$31k
$56k
6. Thousand Oaks, CA
$43,422
Avg. Salary
$31k
$56k

High Paying Mortgage Processor Jobs

Which Companies Pay Mortgage Processors The Most?

If you want to get paid the most as a mortgage processor, being employed by a company such as Cognizant or Movement Mortgage would be a smart choice, as they are the highest paying companies in this field. Additionally, companies like Aerotek and Guaranteed Rate also report highly competitive salaries for mortgage processors.
Company
Avg. Salary
$31k
$53k
Avg. Salary
$31k
$53k
Avg. Salary
$31k
$53k
Avg. Salary
$31k
$53k
$44,620
Avg. Salary
$31k
$53k

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Mortgage Processor Salary History

Compare salaries for individual cities or states with the national average.

Location

    How Experience Affects Mortgage Processor Salaries

    The salary for a mortgage processor can vary depending on the years of experience that a person has, from entry level to senior level. Data on how experience level affects total compensation is provided by the Bureau of Labor Statistics (BLS) as part of their National Compensation Survey, which is based on factors such as knowledge, complexity, contacts, and environment.

    Recently Added Mortgage Processor Salaries

    Location
    CompanyascdescJobascdescLocationascdescDate AddedascdescSalaryascdesc
    Mortgage Processor 2-Telecommute
    Mortgage Processor 2-Telecommute
    Minneapolis, MN
    Minneapolis, MN
    03/26/2021
    03/26/2021
    $37,837
    $37,837
    03/26/2021
    Mortgage Processor 2-Telecommute
    Mortgage Processor 2-Telecommute
    Boone, CO
    Boone, CO
    03/26/2021
    03/26/2021
    $37,837
    $37,837
    03/26/2021
    Mortgage Lien Processor
    Mortgage Lien Processor
    Minneapolis, MN
    Minneapolis, MN
    03/20/2021
    03/20/2021
    $33,392
    $33,392
    03/20/2021
    Mortgage Processor
    Mortgage Processor
    Miami, FL
    Miami, FL
    03/18/2021
    03/18/2021
    $31,305
    $31,305
    03/18/2021
    Thrivas
    Thrivas
    Mortgage Processor
    Mortgage Processor
    Mortgage Processor
    Gainesville, FL
    Gainesville, FL
    03/17/2021
    03/17/2021
    $48,000
    $48,000
    03/17/2021
    Mortgage Processor
    Mortgage Processor
    Franklin, TN
    Franklin, TN
    03/10/2021
    03/10/2021
    $45,000
    $45,000
    03/10/2021
    Nationwide Title Clearing, Inc.
    Nationwide Title Clearing, Inc.
    Mortgage File Processor
    Mortgage File Processor
    Mortgage File Processor
    Palm Harbor, FL
    Palm Harbor, FL
    02/27/2021
    02/27/2021
    $26,088
    $26,088
    02/27/2021
    Chevron Federal Credit Union
    Chevron Federal Credit Union
    Mortgage Servicing Processor (Temporary)
    Mortgage Servicing Processor (Temporary)
    Mortgage Servicing Processor (Temporary)
    Oakland, CA
    Oakland, CA
    01/28/2021
    01/28/2021
    $55,180
    $55,180
    01/28/2021
    Mortgage Warehouse Processor
    Mortgage Warehouse Processor
    Livonia, MI
    Livonia, MI
    01/28/2021
    01/28/2021
    $44,000
    $44,000
    01/28/2021
    Mortgage Processor
    Mortgage Processor
    Greensboro, NC
    Greensboro, NC
    01/27/2021
    01/27/2021
    $33,280
    $33,280
    01/27/2021