Mortgage Payment Processing Clerk Salary in Arrey, NM

How much does a Mortgage Payment Processing Clerk make in Arrey, NM?

As of May 18, 2021, the average salary for a Mortgage Payment Processing Clerk in Arrey, NM is $34,805 per year, which breaks down to an hourly rate of $17.

However, a Mortgage Payment Processing Clerk's salary can vary significantly. Here’s a look at the typical salary range:

  • Top Earners (90th percentile): $40,067
  • Majority Range (25th-75th percentile): $32,397 to $37,559
  • Entry-Level (10th percentile): $30,204
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Paid Annually Paid Monthly Paid Semimonthly Paid Biweekly Paid Weekly Paid Hourly
View as table View as graph 25% $32,397 10% $30,204 90% $40,067 75% $37,559 $34,805 50%(Median) Didn’t find job title? Click

Mortgage Payment Processing Clerk Salaries by Percentile

Annual
Salary		 Monthly
Pay		 Weekly
Pay		 Hourly
Wage
75th Percentile $37,559 $3,130 $722 $18
Average $34,805 $2,900 $669 $17
25th Percentile $32,397 $2,700 $623 $16
Check out Mortgage Payment Processing Clerk Job Openings in Arrey, NM
PAYMENT PROCESSING CLERK

Pilot Company - Santa Rosa, NM

PAYMENT PROCESSING CLERK

Pilot Company - Tucumcari, NM

PAYMENT PROCESSING CLERK

Pilot Company - Moriarty, NM

PAYMENT PROCESSING CLERK

Pilot Company - Albuquerque, NM

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Key Factors That Influence Mortgage Payment Processing Clerk Salaries

A Mortgage Payment Processing Clerk's salary isn't a fixed number. It's shaped by several important factors. Below, we'll explore how your years of experience, geographic location and company size can directly affect your earning potential.

How Experience Level Affects Mortgage Payment Processing Clerk Salaries?

Experience is a primary driver of a Mortgage Payment Processing Clerk's salary. As you build your skills and take on more complex tasks, your compensation generally increases. Here's how the average salary grows at different career stages:

  • Entry-Level (less than 1 year): $34,360
  • Early Career (1-2 years): $34,886
  • Mid-Level (2-4 years): $36,016
  • Senior-Level (5-8 years): $36,138
  • Expert (over 8 years): $36,218
Levels Salary
Entry Level Mortgage Payment Processing Clerk$34,360
Intermediate Level Mortgage Payment Processing Clerk$34,886
Senior Level Mortgage Payment Processing Clerk$36,016
Specialist Level Mortgage Payment Processing Clerk$36,138
Expert Level Mortgage Payment Processing Clerk$36,218
$34,360 0 yr
$34,886 < 2 yrs
$36,016 2-4 yrs
$36,138 5-8 yrs
$36,218 > 8 yrs
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What Am I Worth?

Top Paying Cities for Mortgage Payment Processing Clerks

Salaries can also vary between different cities. Major metropolitan areas or cities with a high demand for technicians often offer more competitive pay. Here are a few examples of average annual salaries in different U.S. cities:

  • San Jose: $51,568
  • San Francisco: $51,061
  • Oakland: $49,929

Mortgage Payment Processing Clerk Salary: Hourly Rate, Weekly Pay, and Monthly Pay

Understanding how a Mortgage Payment Processing Clerk's annual salary breaks down can help with budgeting. Below, you can see the average hourly rate, weekly pay, and monthly pay for this role. Use the buttons to switch between different pay periods.

  • Yearly
  • Monthly
  • Weekly
  • Hourly
  • Table View
Last Updated on May 18, 2021
$32,397
Average $34,805/year
$37,559
$2,700
Average $2,900/month
$3,130
$623
Average $669/week
$722
$16
Average $17/hour
$18
Annual Salary Monthly Pay Weekly Pay Hourly Wage
75th Percentile $37,559 $3,130 $722 $18
Average $34,805 $2,900 $669 $17
25th Percentile $32,397 $2,700 $623 $16

Mortgage Payment Processing Clerk Salary Growth & Career Path

Mortgage Payment Processing Clerk
Mortgage Loan Funding Clerk, Sr.

For a Mortgage Payment Processing Clerk, the most direct path to higher earnings is advancing to the Mortgage Loan Funding Clerk, Sr. role. This promotion typically comes with a significant pay increase, bringing the average annual salary to $45,491 - a projected growth of 31% over your current level.

Salaries of jobs related to Mortgage Payment Processing Clerk

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Cost of Living In Arrey, NM

Cost of Living in Arrey, NM is
-10.7% Lower
than the National Average

Use Salary.com's Cost of Living Calculator to find out what income you need to maintain your standard of living in a different city and how much more or less money you need to budget for basic expenses.

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Salary.com salary estimates, histograms, trends, and comparisons are derived from both employer job postings and third-party data sources. We also provide multiple percentiles of salary information for your reference, click here to know Why the Salary Midpoint Formula Is Crucial to Getting Pay Equity Right. With more online, real-time compensation data than any other website, Salary.com helps you determine your exact pay target.

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