Mortgage Loan Processor Salary in Maryland, United States
The average pay for a Mortgage Loan Processor is $28,142 a year and $14 an hour in Maryland, United States.
The average salary range for a Mortgage Loan Processor is between $22,130 and $32,895.
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 Maryland, United States.
Average Salary Chart
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.
Estimated salary in 2023:
5 Year Change:
Mortgage Loan Processor Job Listings for Maryland, United States
Mortgage Loan Processor
First Home Mortgage
First Home Mortgage Corporation has an entry-level position available in our Crofton, MD branch for a LoanProcessor. Individual will facilitate the setup of new loan submissions and will coordinate ...
The Loan Partner 2 will oversee the origination, file management, communication, and revenue of the ... All files turned into processing within 24 hours of meeting with the borrower. * Understands and ...