How To Become A Mortgage Processor: What It Is and Career Path

Q: Do loan processors make good money?

Yes, loan processors make good money. A loan processor's average annual salary is $41,782 or $20.09 per hour. On the lower end of the salary range, you may only make around $33,000, usually for entry-level positions. On the higher end, you can make around $52,000. Senior-level positions can earn you an average salary of $61,300 or more compared to mid-level positions of $45,000.

Q: How do I become a mortgage processor with no experience?

Becoming a mortgage processor with no experience requires having your high school diploma or GED equivalent is a requirement. You don't need a four-year degree, but having one in business or finance is recommended. In some cases, a mortgage processor certification is required.

Q: How long does it take to be a loan processor?

It takes between 2 years and 33 hours to become a loan processor. It largely depends on the program itself. This includes the time it takes to earn a two-year associate's degree, followed by the number of hours needed to earn a more specialized loan processing certificate.

Q: How much do mortgage loan processors make?

Mortgage loan processors make $41,782 in average yearly salary or $20.09 per hour. On the lower end of the salary range, you may only make around $33,000, usually for entry-level positions. On the higher end, you can make around $52,000. Senior-level positions can earn an average salary of $61,300 or more compared to mid-level positions of $45,000.

Q: Is mortgage loan processor a good job?

Yes, being a mortgage loan processor is a good job. It has steady employment growth and a generally good salary. Mortgage loan processors make $41,782 in average yearly salary or $20.09 per hour. On the lower end of the salary range, you may only make around $33,000, usually for entry-level positions.

What is a mortgage processor and how to become one

Updated January 8, 2025

3 min read

If your loans are opened or closed in a timely fashion, you should thank the mortgage processors. They receive all the paperwork after the rest of the mortgage team processes it. All the mortgage processes are run efficiently and smoothly due to their hard work and dedication.

They are an essential part of the mortgage team. Their main goal is to gather crucial documents and verify them before forwarding the application. Evaluation and compilation of application details for mortgage loans fall under their responsibilities. Moreover, once loan officers recommend the loan application for acceptance in the context of workflow, they take over the process.

A high school diploma will do the job for you, but a bachelor's degree in business or finance is preferred. By working at mortgage companies, banks, financial institutions, brokerage firms, or realty companies, you earn around $18.49 per hour. They work Monday to Friday during regular business hours.

ScoreMortgage ProcessorUS Average

Salary

3.2

Avg. Salary $40,527

Avg. Salary $59,228

Stability Level

8.6

Growth Rate -3%

Growth Rate 0.3%

Diversity

8.1

Race

American Indian and Alaska Native 0.40%

Asian 6.63%

Black or African American 13.03%

Hispanic or Latino 14.10%

Unknown 4.24%

White 61.60%

Gender

female 75.84%

male 24.16%

Age - 41

Race

American Indian and Alaska Native 3.00%

Asian 7.00%

Black or African American 14.00%

Hispanic or Latino 19.00%

White 57.00%

Gender

female 47.00%

male 53.00%

Age - 41

Stress Level

8.6

Stress level is very high

7.1 - high

Complexity Level

6.9

Complexity Level is challenging

7 - challenging

Work Life Balance

5.2

Work Life balance is fair

6.4 - fair

Key steps to become a mortgage processor

Explore mortgage processor education requirements

Most common mortgage processor degrees

Bachelor's

51.7 %

Associate

23.8 %

High School Diploma

13.9 %

Start to develop specific mortgage processor skills

Skills	Percentages
Customer Service	23.85%
FHA	6.18%
Va	6.18%
Underwriting Guidelines	5.89%
Property Appraisals	5.61%

Complete relevant mortgage processor training and internships

Accountants spend an average of 1-2 years on post-employment, on-the-job training. New mortgage processors learn the skills and techniques required for their job and employer during this time. The chart below shows how long it takes to gain competency as a mortgage processor based on U.S. Bureau of Labor Statistics data and data from real mortgage processor resumes.

Research mortgage processor duties and responsibilities

Manage applicant s mortgage applications from origination to closing, ensuring service excellence and adhering to federal and compliance guidelines
Function in processing role for streamline first market mortgage transactions pursuant to Fannie, Freddie, VA and FHA policy guidelines.
Support FNMA portfolio loans in default and imminent default loans with a focus on loan modifications.
Work directly with FNMA counselors to negotiate mortgage terms for the homeowner that will prevent foreclosure.

Prepare your mortgage processor resume

When your background is strong enough, you can start writing your mortgage processor resume.

You can use Zippia's AI resume builder to make the resume writing process easier while also making sure that you include key information that hiring managers expect to see on a mortgage processor resume. You'll find resume tips and examples of skills, responsibilities, and summaries, all provided by Zippi, your career sidekick.

Choose From 10+ Customizable Mortgage Processor Resume templates

Build a professional Mortgage Processor resume in minutes. Browse through our resume examples to identify the best way to word your resume. Then choose from 10+ resume templates to create your Mortgage Processor resume.

Apply for mortgage processor jobs

Now it's time to start searching for a mortgage processor job. Consider the tips below for a successful job search:

What is a mortgage processor and how to become one

Mortgage Processor career paths

Key steps to become a mortgage processor

Explore mortgage processor education requirements

Most common mortgage processor degrees

Start to develop specific mortgage processor skills

Complete relevant mortgage processor training and internships

Research mortgage processor duties and responsibilities

Prepare your mortgage processor resume

Choose From 10+ Customizable Mortgage Processor Resume templates

Apply for mortgage processor jobs

How Did You Land Your First Mortgage Processor Job

Average mortgage processor salary

How do mortgage processors rate their job?

Mortgage Processor FAQs

Do loan processors make good money?

How do I become a mortgage processor with no experience?

How long does it take to be a loan processor?

How much do mortgage loan processors make?

Is mortgage loan processor a good job?

Search for mortgage processor jobs