There is more than meets the eye when it comes to being a retail mortgage processor. For example, did you know that they make an average of $15.97 an hour? That's $33,218 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 Retail Mortgage Processor Do

There are certain skills that many retail 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.

How To Become a Retail Mortgage Processor

If you're interested in becoming a retail mortgage processor, one of the first things to consider is how much education you need. We've determined that 38.6% of retail mortgage processors have a bachelor's degree. In terms of higher education levels, we found that 4.1% of retail mortgage processors have master's degrees. Even though some retail mortgage processors have a college degree, it's possible to become one with only a high school degree or GED.

Learn More About How To Become a Retail Mortgage Processor

Retail Mortgage Processor Career Paths

Average Salary for a Retail Mortgage Processor

Retail Mortgage Processors in America make an average salary of $33,218 per year or $16 per hour. The top 10 percent makes over $40,000 per year, while the bottom 10 percent under $27,000 per year.
Average Retail Mortgage Processor Salary
$33,218 Yearly
$15.97 hourly
$27,000
10 %
$33,000
Median
$40,000
90 %

What Am I Worth?

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Retail Mortgage Processor Education

Retail Mortgage Processor Majors

24.3 %
12.1 %

Retail Mortgage Processor Degrees

Bachelors

38.6 %

High School Diploma

29.0 %

Associate

18.6 %

Top Colleges for Retail 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 • Private

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 • Private

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 • Private

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

10. New York University

New York, NY • Private

In-State Tuition
$51,828
Enrollment
26,339

Top Skills For a Retail 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, 26.8% of retail mortgage processors listed loan portfolio on their resume, but soft skills such as communication skills and math skills are important as well.

Choose From 10+ Customizable Retail Mortgage Processor Resume templates

Zippia allows you to choose from different easy-to-use Retail Mortgage Processor templates, and provides you with expert advice. Using the templates, you can rest assured that the structure and format of your Retail Mortgage Processor resume is top notch. Choose a template with the colors, fonts & text sizes that are appropriate for your industry.

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Retail Mortgage Processor Resume
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Retail Mortgage Processor Demographics

Retail Mortgage Processor Gender Distribution

Female
Female
78%
Male
Male
23%

After extensive research and analysis, Zippia's data science team found that:

  • Among retail mortgage processors, 77.5% of them are women, while 22.5% are men.

  • The most common race/ethnicity among retail mortgage processors is White, which makes up 67.1% of all retail mortgage processors.

  • The most common foreign language among retail mortgage processors is Spanish at 50.0%.

Online Courses For Retail Mortgage Processor That You May Like

Advertising Disclosure  The courses listed below are affiliate links. This means if you click on the link and purchase the course, we may receive a commission.
Become a Mortgage Loan Processor
udemy
4.5
(2,507)

Finibi Mortgage CEO, Joe Correa, teaches you how to become a mortgage loan processor...

Advanced Mortgage Loan Processor: Essential Skills Training
udemy
4.6
(513)

Finibi Mortgage CEO, Joe Correa, teaches you how to take your mortgage loan processor career to the next level...

Start a Profitable Career as a Mortgage Loan Originator
udemy
4.8
(314)

Learn from the president and CEO of Finibi Mortgage, Joe Correa, how the entire mortgage process works...

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Top Retail Mortgage Processor Employers

Most Common Employers For Retail Mortgage Processor

Rank  Company  Average Salary  Hourly Rate  Job Openings  
1Victoria's Secret$40,466$19.452
2JPMorgan Chase & Co.$38,710$18.616
3BNY Mellon$38,207$18.372
4M&T Bank$36,793$17.693
5Bank of America$36,078$17.352
6Macy's$36,034$17.325
7University of Iowa Center for Advancement$35,932$17.273
8Fifth Third Bank$34,990$16.826
9PRMG$33,826$16.262
10Machias Savings Bank$33,618$16.162