What are the main factors that influence a Mortgage Processor's salary?

The primary factors are: 1) Experience Level, 2) Geographic Location, 3) Education/Skills, 4) Company Size & Industry

How does experience change A Mortgage Processor's salary?

A Mortgage Processor's salary grows with experience: a Mortgage Processor (0-1 years)earns $46,194, a Mortgage Loan Processor II (1-3 years)earns $51,435, a Loan Processing Manager (3-5 years)earns $99,338,

What are the highest paying states for a Mortgage Processor?

Mortgage Processor salary varies significantly by state. The top 3 highest paying states for Mortgage Processor roles are District of Columbia $50,361, California $50,170, Massachusetts $49,501. These tech hubs typically pay 10-15% above the national average.

How much do different types of Mortgage Processor roles make?

Salaries for Mortgage Processor level roles vary by specialization: Senior Mortgage Processor: $64,659; Mortgage Processor 4: $59,377; Senior Mortgage Loan Processor: $59,283; Mortgage Loan Processor: $53,165; Intermediate Mortgage Loan Processor: $50,200.

Mortgage Processor Salary in Delaware

How much does a Mortgage Processor make in Delaware?

As of May 18, 2021, the average salary for a Mortgage Processor in Delaware is $46,167 per year, which breaks down to an hourly rate of $22.

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

Top Earners (90th percentile): $52,433
Majority Range (25th-75th percentile): $42,913 to $49,447
Entry-Level (10th percentile): $39,950

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Mortgage Processor Salaries by Percentile

	Annual Salary	Monthly Pay	Weekly Pay	Hourly Wage
75th Percentile	$49,447	$4,121	$951	$24
Average	$46,167	$3,847	$888	$22
25th Percentile	$42,913	$3,576	$825	$21

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Key Factors That Influence Mortgage Processor Salaries

A Mortgage Processor'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 Do Mortgage Processor Salaries Vary from State to State?

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 Processors. For example, consider the average annual salaries in these key locations:

District of Columbia: $50,361.
California: $50,170.
Massachusetts: $49,501.

District of Columbia $50,361 California $50,170 Massachusetts $49,501 Washington $49,319 New Jersey $49,301 Alaska $49,237 Connecticut $48,610 New York $48,355

Hawaii $47,541 Rhode Island $47,159 Maryland $46,899 Minnesota $46,544 Colorado $46,408 Illinois $46,363 Oregon $46,190 Delaware $46,062

New Hampshire $45,982 Virginia $45,803 Pennsylvania $45,280 Nevada $45,016 North Dakota $44,930 Michigan $44,793 Wisconsin $44,743 Vermont $44,643

Texas $44,366 Maine $44,348 Arizona $44,320 Ohio $44,288 Georgia $43,870 Indiana $43,661 Wyoming $43,620 Utah $43,556

Iowa $43,529 Kansas $43,311 Louisiana $43,247 North Carolina $43,224 Missouri $43,215 Florida $43,038 Montana $42,942 Nebraska $42,851

Kentucky $42,801 South Carolina $42,619 Tennessee $42,505 Idaho $42,460 New Mexico $42,128 Oklahoma $42,055 Alabama $41,787 South Dakota $41,336

Arkansas $41,091 West Virginia $40,959 Mississippi $40,563

Top Paying Cities for Mortgage Processors

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:

Lincoln: $47,673
Little Creek: $47,231
Magnolia: $47,427

Lincoln, DE $47,673 Little Creek, DE $47,231 Magnolia, DE $47,427 Milford, DE $47,673 Marydel, DE $47,054 Millsboro, DE $47,673 Millville, DE $47,991 Milton, DE $47,673

Nassau, DE $47,673 Ocean View, DE $47,991 Rehoboth Beach, DE $47,991 Seaford, DE $47,172 Selbyville, DE $47,991 Smyrna, DE $46,999 Viola, DE $47,427 Woodside, DE $47,290

Bear, DE $46,654 Newark, DE $46,672 Claymont, DE $46,708 Delaware City, DE $46,672 Hockessin, DE $46,708 Kirkwood, DE $46,672 Middletown, DE $46,904 Montchanin, DE $46,708

New Castle, DE $46,708 Odessa, DE $46,968 Port Penn, DE $46,544 Rockland, DE $46,708 Saint Georges, DE $46,672 Townsend, DE $46,899 Winterthur, DE $46,708 Lewes, DE $47,673

Wilmington, DE $46,708 Dover, DE $47,209 Dover Afb, DE $47,318 Bethany Beach, DE $47,991 Bethel, DE $47,172 Bridgeville, DE $47,673 Camden Wyoming, DE $47,259 Cheswold, DE $47,099

Clayton, DE $46,981 Dagsboro, DE $47,991 Delmar, DE $47,172 Ellendale, DE $47,673 Felton, DE $47,673 Fenwick Island, DE $47,991 Frankford, DE $47,991 Frederica, DE $47,673

Georgetown, DE $47,673 Greenwood, DE $47,673 Harbeson, DE $47,673 Harrington, DE $47,673 Hartly, DE $46,958 Houston, DE $47,673 Kenton, DE $46,981 Laurel, DE $47,172

Yorklyn, DE $46,708

Mortgage Processor Salary: Hourly Rate, Weekly Pay, and Monthly Pay

Understanding how a Mortgage Processor'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.

Last Updated on May 18, 2021

$42,913

Average $46,167/year

$49,447

$3,576

Average $3,847/month

$4,121

$825

Average $888/week

$951

$21

Average $22/hour

$24

	Annual Salary	Monthly Pay	Weekly Pay	Hourly Wage
75th Percentile	$49,447	$4,121	$951	$24
Average	$46,167	$3,847	$888	$22
25th Percentile	$42,913	$3,576	$825	$21

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