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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
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 Manager of Operations – Financial Services 88000 109250 130000 Client Service Representative 56000 81500 104000 Banking Operations Specialist 40750 61000 86000 Loan Processor 38500 46000 58000 Loan Administrator 33250 38500 46500 Mortgage Underwriter 61000 75250 98500 Trader/Sales Assistant 52500 64500 75250 Performance Analyst 58000 71250 87250 Explore More Salaries

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