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Mortgage Loan Processor
$28,097 (USD)/yr
$13.51 (USD)/hr
$424 (USD)/yr
The average mortgage loan processor gross salary in Nashville, Tennessee is $28,097 or an equivalent hourly rate of $14. This is 6% lower (-$1,945) than the average mortgage loan processor salary in the United States. In addition, they earn an average bonus of $424. Salary estimates based on salary survey data collected directly from employers and anonymous employees in Nashville, Tennessee. An entry level mortgage loan processor (1-3 years of experience) earns an average salary of $22,095. On the other end, a senior level mortgage loan processor (8+ years of experience) earns an average salary of $32,843.
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This page is a promotion for SalaryExpert’s Assessor Platform and is not intended for professional use.
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ERI’s compensation data are based on salary surveys conducted and researched by ERI. Cost of labor data in the Assessor Series are based on actual housing sales data from commercially available sources, plus rental rates, gasoline prices, consumables, medical care premium costs, property taxes, effective income tax rates, etc.
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Salary Potential
$31,561 (USD)
12 %
Based on our compensation data, the estimated salary potential for Mortgage Loan Processor will increase 12 % over 5 years.
Most Popular Skills for Mortgage Loan Processor
Education
This chart displays the highest level of education for:
Mortgage Loan Processor, the majority at 62% with bachelors.
Typical Field of Study: Finance
See how education can impact your salary
Salary Difference by Location
Salary by Country
City Overview
The cost of living in Nashville, Tennessee is 4% more than the average cost of living in the United States. Cost of living is calculated based on accumulating the cost of food, transportation, health services, rent, utilities, taxes, and miscellaneous.
View Cost of Living PageNashville is the capital and most populous city in the U.S. state of Tennessee and the county seat of Davidson County. Located in Middle Tennessee, it had a population of 689,447 at the 2020 U.S. census. Nashville is the 21st most populous city in the United States, and the fourth most populous city in the southeastern U.S. Located on the Cumberland River, the city is the center of the Nashville metropolitan area, and is one of the fastest growing in the nation. Named for Francis Nash, a general...
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Job 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.
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Disclaimer
This page is a promotion for SalaryExpert’s Assessor Platform and is not intended for professional use.
Professionals should subscribe to SalaryExpert’s Assessor Platform.
ERI’s compensation data are based on salary surveys conducted and researched by ERI. Cost of labor data in the Assessor Series are based on actual housing sales data from commercially available sources, plus rental rates, gasoline prices, consumables, medical care premium costs, property taxes, effective income tax rates, etc.
Most Popular Skills for Mortgage Loan Processor
Salary Difference by Location
Salary by Country
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SalaryExpert, powered by ERI, provides verified salary and cost of living data to the public with a comprehensive platform for evaluating compensation, career, relocation, and education decisions.
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