Salary for
Mortgage Loan Processor II in the United States

How much does a Mortgage Loan Processor II earn in the United States? The average Mortgage Loan Processor II salary in the United States is $40,148 as of March 28, 2019, but the range typically falls between $36,011 and $45,800. Salary ranges can vary widely depending on many important factors, including education, certifications, additional skills, the number of years you have spent in your profession. With more online, real-time compensation data than any other website, Salary.com helps you determine your exact pay target.  View Cost of Living in Major Cities

Job Description

Obtains necessary information (i.e., loan applications, credit documents, appraisals, etc.) to process and complete mortgage loan files. Verifies all documentation for accuracy and completeness. Ensures all documents are prepared and finalized in compliance with policies and procedures. Provides management with reports on loan activities. Requires a high school diploma or its equivalent. Typically reports to a supervisor. Gaining or has attained full proficiency in a specific area of discipline. Works under moderate supervision. Typically requires 1-3 years of related experience.

Take just three simple steps below to generate your own personalized salary report.

Salary range for a Mortgage Loan Processor II
Customize your search to determine an exact salary target
Step of 3

Understand the total compensation opportunity for a Mortgage Loan Processor II, base salary plus other pay elements

Average Base Salary

Core compensation

 
 
 
36011
45800
40148

Average Total Compensation

Includes bonus, healthcare, and retirement

 
 
 
36989
47961
41505
These charts show the average base salary (core compensation), as well as the average total compensation for the job of Mortgage Loan Processor II in the United States. The base salary for Mortgage Loan Processor II ranges from $36,011 to $45,800 with the average base salary of $40,148. The total compensation, which includes bonus, health and retirement, can vary anywhere from $36,989 to $47,961 with the average total compensation of $41,505.
Step of 3

Discover how your pay is adjusted for skills, experience, and other factors

How much should you be paid?

For a real-time salary target, tell us more about your role in the four categories below.

36011
45800
Your Salary

 

Step of 3

Recalculate your target pay based on your unique skills and experiences

Career Path for this job

  1. Down a level:

    Mortgage Loan Processor I

    0 - 1 years experience
    High School Diploma or Tech Certificate

  2. This Job:

    Mortgage Loan Processor II

    1 - 3 years experience
    High School Diploma or Tech Certificate

  3. Up a level:

    Mortgage Loan Processor III

    3 - 5 years experience
    High School Diploma or Tech Certificate

Salary for

Are you an HR manager or compensation specialist?

Salary.com's CompAnalyst platform offers:

  • Detailed skills and competency reports for specific positions
  • Job and employee pricing reports
  • Compensation data tools, salary structures, surveys and benchmarks.
Learn about CompAnalyst
Job Openings for Mortgage Loan Processor II