How much do loan processors make per hour?
Mortgage Loan Processor Salary
| Annual Salary | Hourly Wage | |
|---|---|---|
| Top Earners | $60,000 | $29 |
| 75th Percentile | $51,500 | $25 |
| Average | $47,138 | $23 |
| 25th Percentile | $37,500 | $18 |
How much do good loan processors make?
Loan Processor Salary in California
| Annual Salary | Hourly Wage | |
|---|---|---|
| Top Earners | $58,986 | $28 |
| 75th Percentile | $49,155 | $24 |
| Average | $47,104 | $23 |
| 25th Percentile | $33,425 | $16 |
How much does a mortgage loan processor make?
The national average salary for a Mortgage Loan Processor is $43,102 in United States.
What kind of Education do you need to be a loan processor?
To become a loan processor, you’ll need a combination of these: A high school diploma or GED is required, but many employers prefer a bachelor’s degree in accounting or finance. Some employers will consider an associate or bachelor’s degree in a related field like business administration or real estate.
What’s the work environment for a loan processor?
The work environment for a loan processor can be fast-paced and challenging on any given day. Some loan processors can work from a home office, as long as they are available to clients during the process. A loan processor works regular business hours Monday through Friday.
How to become a certified FHA loan processor?
The highest level of certification is the Certified Ambassador Loan Processor. To earn this certification, the loan processor must complete at least 42 hours of training that includes all four subjects of the CMLP exam plus the FHA’s special rehab program, analysis of tax returns and mortgage fraud awareness and prevention.
