(800) 627 3697 info.eri@erieri.com
Are you working in compensation or HR? See our salary, cost-of-living, and executive pay applications in action. Try our free salary assessor demo.

Mortgage Loan Processor Salary
in Arkansas, United States

$22,884 (USD)

Average Salary

$11/hr

Average Hourly

$346

Average Bonus

Salary Recap

The average pay for a Mortgage Loan Processor is $22,884 a year and $11 an hour in Arkansas, United States. The average salary range for a Mortgage Loan Processor is between $19,239 and $26,750. On average, a Bachelor's Degree is the highest level of education for a Mortgage Loan Processor. This compensation analysis is based on salary survey data collected directly from employers and anonymous employees in Arkansas, United States.

Average Salary Chart

Customize:
 
Customize this report for you
Use our free salary calculator to find out how much you're worth

Job Summary

Description:
  • Processes mortgage loans by verifying, compiling, and typing application information.
  • Checks residential loan application file to verify that application data is complete and meets establishment standards, including type and amount of mortgage, borrower assets, liabilities, and length of employment.
  • Gives recommendations to deny loans that do not meet standards.
  • Verifies accuracy of information by calling or writing credit bureau and employer.
  • Types loan application forms, using computer.
  • Calls specified companies to obtain property abstract, survey, and appraisal.
  • Informs supervisor of discrepancies in title or survey.
  • Submits mortgage loan application file for underwriting approval.
  • Types and mails approval and denial letters to applicants.
  • Submits approved mortgage loan file to mortgage loan closer for settlement.
  • Records data on status of loans, including number of new applications and loans approved, canceled, or denied, using computer.

Salary Potential

Estimated salary in 2024:
$26,529
5 Year Change:
16 %

Education

Skills

Mortgage Loan Processor Job Listings for Arkansas, United States

Mortgage Banking Managers
Jan 3
Little Rock, AR, USA
Finance of America Mortgage
Single Loan Origination System - From Application to Funding accessible from anywhere you are ... In-house Processing, Underwriting, Closing and Funding - available at branch level * Right-sized ...
Loan Rev Analyst II
Nov 26
Conway, United States
Home Bancshares, Inc.
Loan review provides early identification for problem loans, the risk to capital and adherence to ... Presentation/PowerPoint, Spreadsheet, Word Processing/Typing Basic: Accounting, Alphanumeric Data ...
;