Mortgage Loan Processor III Salary in the United States

How much does a Mortgage Loan Processor III make in the United States? The average Mortgage Loan Processor III salary in the United States is $49,522 as of April 27, 2019, but the range typically falls between $44,700 and $54,313. 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 the Cost of Living in Major Cities

Job Description

Mortgage Loan Processor III 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. Being a Mortgage Loan Processor III ensures all documents are prepared and finalized in compliance with policies and procedures. Provides management with reports on loan activities. Additionally, Mortgage Loan Processor III requires a high school diploma or its equivalent. Typically reports to a supervisor or manager. The Mortgage Loan Processor III has gained proficiency in multiple competencies relevant to the job. Works independently within established procedures associated with the specific job function. To be a Mortgage Loan Processor III typically requires 3-5 years of related experience. (Copyright 2019 Salary.com)

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Average Base Salary

Core compensation

 
 
 
44700
54313
49522

Average Total Cash Compensation

Includes base and annual incentives

 
 
 
45895
56349
51194
These charts show the average base salary (core compensation), as well as the average total cash compensation for the job of Mortgage Loan Processor III in the United States. The base salary for Mortgage Loan Processor III ranges from $44,700 to $54,313 with the average base salary of $49,522. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $45,895 to $56,349 with the average total cash compensation of $51,194.
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44700
54313

 

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Career Path for this job

  1. Down a level:

    Mortgage Loan Processor II

    1 - 3 years experience
    High School Diploma or Tech Certificate

  2. This Job:

    Mortgage Loan Processor III

    3 - 5 years experience
    High School Diploma or Tech Certificate

  3. Up a level:

    Mortgage Loan Processing Supervisor

    3 + years experience
    High School Diploma or Tech Certificate

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Job Openings for Mortgage Loan Processor III