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Retail Mortgage Processor Careers

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 $18.43 an hour? That's $38,341 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.

When it comes to the most important skills required to be a retail mortgage processor, we found that a lot of resumes listed 26.8% of retail mortgage processors included loan portfolio, while 16.4% of resumes included customer service, and 13.2% of resumes included loan applications. 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 retail mortgage processor job title. But what industry to start with? Most retail mortgage processors actually find jobs in the finance and retail industries.

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 28.8% of retail mortgage processors have a bachelor's degree. In terms of higher education levels, we found that 3.8% 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.

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

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

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Average Salary
$38,341
Average Salary
Job Growth Rate
5%
Job Growth Rate
Job Openings
34,344
Job Openings

Retail Mortgage Processor Career Paths

Top Careers Before Retail Mortgage Processor

Cashier
11.3 %

Top Careers After Retail Mortgage Processor

Cashier
10.0 %

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 Retail Mortgage Processor

Retail Mortgage Processors in America make an average salary of $38,341 per year or $18 per hour. The top 10 percent makes over $46,000 per year, while the bottom 10 percent under $31,000 per year.
Average Salary
$38,341

Recently Added Salaries

Job TitleCompanyascdescCompanyascdescStart DateascdescSalaryascdesc
Retail Mortgage Processor
Retail Mortgage Processor
Imprimis Group
Imprimis Group
12/03/2020
12/03/2020
$60,00012/03/2020
$60,000

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Retail Mortgage Processor Demographics

Gender

female

72.1 %

male

20.3 %

unknown

7.6 %

Ethnicity

White

64.9 %

Hispanic or Latino

13.9 %

Black or African American

11.9 %

Foreign Languages Spoken

Spanish

50.0 %

Portuguese

7.1 %

Filipino

7.1 %
See More Demographics

Retail Mortgage Processor Education

Majors

Business
23.0 %
Finance
11.5 %

Degrees

Bachelors

28.9 %

Certificate

26.8 %

High School Diploma

22.1 %

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 • 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 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.

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Top Retail Mortgage Processor Employers

1. Krispy Kreme
4.7
Avg. Salary: 
$37,914
Retail Mortgage Processors Hired: 
54+
2. Goodwill Industries
3.9
Avg. Salary: 
$29,675
Retail Mortgage Processors Hired: 
14+
3. Soft Surroundings
3.5
Avg. Salary: 
$39,731
Retail Mortgage Processors Hired: 
8+
4. JPMorgan Chase
4.9
Avg. Salary: 
$42,156
Retail Mortgage Processors Hired: 
6+
5. Forman Mills
3.9
Avg. Salary: 
$37,534
Retail Mortgage Processors Hired: 
6+
6. Macy's
4.4
Avg. Salary: 
$34,876
Retail Mortgage Processors Hired: 
5+
Updated October 2, 2020