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The average pay for a Mortgage Loan Processor is $39,246 per year. Most people move on to other jobs if they have more than 20 years' experience in this field.otal Pay (?XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job.
Mortgage loan processor is a person who actually does the mortgage processing activities. The mortgage loan processor does the job of reviewing the credit reports of the mortgage buyer along with verifying the borrower's credit history in terms of debts and payments.