Mortgage Processor in Indianapolis, IN

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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Data Processing

Microsoft Excel

Automated Underwriting System

Microsoft Word

Spreadsheets

Loan Administration

Loan Origination

Underwriting

Mortgage Banking

Processor

Salary for Mortgage Processor in Indianapolis, IN

30798 - 52138

25th percentile

30798

New to the role, with little or no experience; requires more than casual instruction or supervision to perform day-to-day duties

50th percentile

38558

Has the experience to consistently perform core responsibilities without direct supervision; very comfortable with processes and subject matter associated with the role

75th percentile

52138

Value to the organization goes far beyond the ability to perform normal job duties; has rare qualifications that enable consistent contribution in unique ways; ready for next career level when available

Projected salaries for related positions

Position title

25th percentile

50th percentile

75th percentile

Director of Operations – Financial Services

122220

149865

176055

Manager of Operations – Financial Services

85360

105973

126100

Banking Operations Specialist, 5+ Years' Experience

58685

71538

83420

Banking Operations Specialist, 3-5 Years' Experience

47288

57473

68385

Banking Operations Specialist, 1-3 Years' Experience

39043

48743

56745

Loan Processor

36133

43165

54563

Loan Administrator

31525

36375

43893

Mortgage Underwriter

57958

71538

93605

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