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Mortgage Loan Processor Salary
in Delaware, United States

$27,102 (USD)

Average Salary

$13/hr

Average Hourly

$409

Average Bonus

Salary Recap

The average pay for a Mortgage Loan Processor is $27,102 a year and $13 an hour in Delaware, United States. The average salary range for a Mortgage Loan Processor is between $21,313 and $31,680. 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 Delaware, United States.

Average Salary Chart

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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 2023:
$31,419
5 Year Change:
16 %

Education

Skills

Mortgage Loan Processor Job Listings for Delaware, United States

Loan Servicing Specialist
Dec 4
Wilmington, DE, USA
Marlette Funding
Loan Servicing Account Manager Full-Time, Direct Hire Position with great benefits Wilmington, DE ... Excellent English written and verbal communication skills In addition to our interview process, all ...
Mortgage Loan Originator
Nov 5
Wilmington, DE, USA
Mortgage Possible
... Loans and other specialty products. Mortgage Possible, is an Equal Opportunity Employer. The company and its affiliates recruit and hire qualified candidates without regard to race, religion, color ...
Mortgage Branch Manager
Dec 14
Dover, DE, USA
Cardinal Financial
We offer a revolutionary loan **origination system,* *Octane* , that has automated the process from origination through processing and underwriting all the way to closing. Salary - negotiable. our ...
Field Underwriter -Will Train - $80K-$120K/yr First Year Potential
Oct 9
Dover, DE, USA
The Russo Group
Our letter states that the client is eligible for Mortgage Protection that will pay off the ... training process through closing the sale in the field and offer back-office support, as well
Field Underwriter -Will Train - $80K-$120K/yr First Year Potential
Oct 9
Wilmington, DE, USA
The Russo Group
Our letter states that the client is eligible for Mortgage Protection that will pay off the ... training process through closing the sale in the field and offer back-office support, as well
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