As of May 18, 2021, the average salary for a Mortgage Processing Manager in Minnesota is $138,067 per year, which breaks down to an hourly rate of $66.
However, a Mortgage Processing Manager's salary can vary significantly. Here’s a look at the typical salary range:
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Mortgage Processing Manager Salaries by Percentile
| Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
|
| 75th Percentile | $151,992 | $12,666 | $2,923 | $73 |
| Average | $138,067 | $11,506 | $2,655 | $66 |
| 25th Percentile | $128,563 | $10,714 | $2,472 | $62 |
Mayo Clinic - Rochester, MN
Mayo Clinic - Rochester, MN
Diamond Graphics LLC - Ramsey, MN
Essentia Health - Duluth, MN
A Mortgage Processing Manager'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.
Experience is a primary driver of a Mortgage Processing Manager'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:
| Levels | Salary |
|---|---|
| Entry Level Mortgage Processing Manager | $133,102 |
| Intermediate Level Mortgage Processing Manager | $133,540 |
| Senior Level Mortgage Processing Manager | $134,561 |
| Specialist Level Mortgage Processing Manager | $135,728 |
| Expert Level Mortgage Processing Manager | $138,138 |
What Am I Worth?
Your salary can change significantly depending on where you work. States with a higher cost of living and strong industrial sectors often pay more to attract Mortgage Processing Managers. For example, consider the average annual salaries in these key locations:
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:
Understanding how a Mortgage Processing Manager'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.
| Annual Salary | Monthly Pay | Weekly Pay | Hourly Wage | |
|---|---|---|---|---|
| 75th Percentile | $151,992 | $12,666 | $2,923 | $73 |
| Average | $138,067 | $11,506 | $2,655 | $66 |
| 25th Percentile | $128,563 | $10,714 | $2,472 | $62 |
Ready to take the next step in your career? Browse thousands of current Mortgage Processing Manager job openings on our job board. Use the search bar below to find your perfect match.
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