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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 underwritingGathering, organizing and tracking loan documentationWorking with lenders, applicants, underwriters, appraisers and others to complete processingResolving customer service issues

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Salary for Mortgage Processor
33000 - 56250
Low
33000
The candidate is new to the role or has limited experience and is building necessary skills.
Mid
41500
The candidate has moderate experience in the role, meets most requirements or has equivalent transferable skills, and may also have relevant certifications.
High
56250
The candidate has extensive experience and advanced skills for the role, and may also have specialized certifications.
Projected salaries for related positions Job title Low Mid High Director of Operations – Financial Services 131250 161750 190500 Operations Manager - Financial Services 89250 111250 132250 Client Service Representative 56250 81750 104250 Mortgage Underwriter 61250 76250 100750 Loan Processor 40000 47250 59250 Loan Administrator 34000 39500 49000 Performance Analyst 59500 73000 90250 Trader/Sales Assistant 52750 65000 77250

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Our starting salary projections come from a rigorous, multistep process so that our numbers accurately reflect the marketplace. They are based on actual compensation for professionals Robert Half has matched with employers across the country and third-party job posting data from Textkernel that we use to independently validate the salary levels. Starting compensation—pay for someone new to a role—can vary significantly based on a candidate’s skills, experience and certifications, as well as other factors including industry, company size and revenue, and demand for the role. To reflect this variability, we report our salary data in three levels: low, mid and high.