Mortgage Processor

Mortgage Processor Job Description

Mortgage processors should have excellent organizational, customer service, negotiation, problem-solving and communication skills. Lending institutions generally seek individuals with at least two years of experience, as well as a high school diploma or equivalent.

Typical mortgage processor duties:

Processing mortgage loan applications from the time of receipt of application to submission of the loan package to underwriting

Gathering, organizing and tracking loan documentation

Working with lenders, applicants, underwriters, appraisers and others to complete processing

Resolving customer service issues

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Salary for Mortgage Processor

32250 - 54750

25th percentile

32250

The candidate is new to the role and building the needed skills, experience and autonomy.

50th percentile

40500

The candidate has the experience to perform core responsibilities without direct supervision and is comfortable with the role’s processes and subject matter.

75th percentile

54750

The candidate delivers value beyond the stated job duties, has advanced qualifications and experience, and is ready for the next career level.

Projected salaries for related positions

Position title

25th percentile

50th percentile

75th percentile

Director of Operations – Financial Services

129000

158250

185750