How much does a Mortgage Loan Processor I make in Maryland? The average Mortgage Loan Processor I salary in Maryland is $45,548 as of March 26, 2024, but the range typically falls between $41,219 and $51,350. Salary ranges can vary widely depending on the city and many other important factors, including education, certifications, additional skills, the number of years you have spent in your profession.
Percentile | Salary | Location | Last Updated |
10th Percentile Mortgage Loan Processor I Salary | $37,278 | MD | March 26, 2024 |
25th Percentile Mortgage Loan Processor I Salary | $41,219 | MD | March 26, 2024 |
50th Percentile Mortgage Loan Processor I Salary | $45,548 | MD | March 26, 2024 |
75th Percentile Mortgage Loan Processor I Salary | $51,350 | MD | March 26, 2024 |
90th Percentile Mortgage Loan Processor I Salary | $56,633 | MD | March 26, 2024 |
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Each competency has five to ten behavioral assertions that can be observed, each with a corresponding performance level (from one to five) that is required for a particular job.
Customer Service: Customer service is the provision of service to customers before, during and after a purchase. The perception of success of such interactions is dependent on employees "who can adjust themselves to the personality of the guest". Customer service concerns the priority an organization assigns to customer service relative to components such as product innovation and pricing. In this sense, an organization that values good customer service may spend more money in training employees than the average organization or may proactively interview customers for feedback. From the point of view of an overall sales process engineering effort, customer service plays an important role in an organization's ability to generate income and revenue. From that perspective, customer service should be included as part of an overall approach to systematic improvement. One good customer service experience can change the entire perception a customer holds towards the organization.
Mortgage Lending: A mortgage loan is a secured loan that allows you to avail funds by providing an immovable asset, such as a house or commercial property, as collateral to the lender.
Diagnostic Testing: Diagnostic Testing carried out to diagnose a condition, disease, or illness in people who are displaying specific signs of possible illness.
Mortgage Loan Processor I performs administrative tasks for mortgage loan processing. Collects and prepares necessary information such as loan applications, credit documents, and appraisals to process and complete mortgage loan files. Being a Mortgage Loan Processor I verifies all documentation for accuracy and completeness. Tracks and monitors due dates. Additionally, Mortgage Loan Processor I ensures all documents are prepared and finalized in compliance with regulatory policies and procedures. Inputs and maintains all required transaction and processing records according to procedures. Responds to inquiries. Prepares required regulatory reporting. Requires a high school diploma or equivalent. Typically reports to a supervisor. The Mortgage Loan Processor I works under the close direction of senior personnel in the functional area. Possesses a moderate understanding of general aspects of the job. May require 0-1 year of general work experience. (Copyright 2024 Salary.com)... View full job description
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Location | Avg. Salary | Date Updated |
---|---|---|
Location Dundalk, MD | Avg. Salary $45,415 | Date Updated March 26, 2024 |
Location Abell, MD | Avg. Salary $48,949 | Date Updated March 26, 2024 |
Location Aberdeen, MD | Avg. Salary $44,487 | Date Updated March 26, 2024 |
Location Aberdeen Proving Ground, MD | Avg. Salary $44,752 | Date Updated March 26, 2024 |
Location Abingdon, MD | Avg. Salary $44,531 | Date Updated March 26, 2024 |
Location Accident, MD | Avg. Salary $39,539 | Date Updated March 26, 2024 |
Location Accokeek, MD | Avg. Salary $49,082 | Date Updated March 26, 2024 |
Location Adamstown, MD | Avg. Salary $48,022 | Date Updated March 26, 2024 |
Location Allen, MD | Avg. Salary $46,961 | Date Updated March 26, 2024 |
Location Andrews Air Force Base, MD | Avg. Salary $49,170 | Date Updated March 26, 2024 |
A career path is a sequence of jobs that leads to your short- and long-term career goals. Some follow a linear career path within one field, while others change fields periodically to achieve career or personal goals.
For Mortgage Loan Processor I, the first career path typically starts with a Loan Processor II position, and then Loan Processing Supervisor.
The second career path typically starts with a Commercial Loan Processor position, and then progresses to Loan Processing Assistant Manager.
Additionally, the third career path typically starts with a Mortgage Loan Processor II position, and then progresses to Loan Processing Manager.
Salary.com's CompAnalyst platform offers:
Job Title | Experience | EDUCATION | Salary Compared to This Job |
---|---|---|---|
Job Title Commercial Loan Processor | Experience 1 - 3 | EducationAssociates | Salary Compared to This Job |
Job Title Loan Processor I | Experience 0 - 1 | EducationHigh School | Salary Compared to This Job |
Job Title Loan Processor II | Experience 1 - 3 | EducationHigh School | Salary Compared to This Job |
Job Title Loan Processor III | Experience 3 - 5 | EducationHigh School | Salary Compared to This Job |
Job Title Mortgage Loan Officer I | Experience 0 - 2 | EducationBachelors | Salary Compared to This Job |
Jobs with different levels of education may pay very differently. Check the Mortgage Loan Processor I salary of your education level.
A job category is a classification or grouping of job positions that share similar characteristics, functions, or industries. Mortgage Loan Processor I salary varies from category to category. Click below to see Mortgage Loan Processor I salary in different categories.
About Maryland Maryland (US: /ˈmɛrələnd/ (listen) MERR-əl-ənd) is a state in the Mid-Atlantic region of the United States, bordering Virginia, West Virginia, and the....More
Skills associated with Mortgage Loan Processor I: Mortgage Loans, Loan Processing, Loan Software, Quality Assurance Process ...More
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