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Mortgage Processor Average Salary in Las Vegas 2024

How much money does a person working as Mortgage Processor make in Las Vegas?


Average Yearly Salary
49,300 USD
( 4,110 USD monthly)

LOW
25,100
USD
AVERAGE
49,300
USD
HIGH
75,900
USD
All salary figures displayed here are per year except when noted otherwise.
All salary and compensation figures displayed here are gross salary figures, that is the salary before tax deductions. Because taxes may differ across sectors and locations, it is difficult to accurately calculate the net salary after tax for every career.

A person working as Mortgage Processor in Las Vegas typically earns around 49,300 USD. Salaries range from 25,100 USD (lowest) to 75,900 USD (highest).


Salary Variance

This is the average salary including housing, transport, and other benefits. Mortgage Processor salaries in Las Vegas vary drastically based on experience, skills, gender, or location. Below you will find a detailed breakdown based on many different criteria.



Mortgage Processor Pay Scale and Salaries in Las Vegas

Median and salary distribution Las Vegas Mortgage Processor yearly
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Salary Structure and Pay Scale Comparison

5% of people earn
45,000 USD or more
10% of people earn
40,000 to 45,000 USD
20% of people earn
28,900 USD or less
65% of people earn
28,900 to 40,000 USD
Minimum Salary
25,100 USD
Median
45,200 USD
Maximum
75,900 USD




Median Salary, maximum and minimum salary, minimum wage, starting salary, and the salary range

All salary figures displayed here are per year except when noted otherwise.
  • Salary Range, Minimum Wage, and Starting Salary

    Salaries for the position Mortgage Processor in Las Vegas range from 25,100 USD (starting salary) to 75,900 USD (maximum salary). It should be noted that the given figure is not the legally mandated minimum wage; rather, it represents the lowest figure reported in a salary survey that included thousands of participants and professionals from all regions of the country.

  • Median Salary

    With a median salary of 45,200 USD, half of the professionals who work as Mortgage Processor in Las Vegas earn less than this amount, and the other half earn more. The median salary denotes the middle value of salaries. Ideally, you would want to belong to the group earning more than the median salary, located on the right side of the salary distribution graph.

  • Percentiles and Salary Scale

    The median is closely associated with two other values known as the 25th and 75th percentiles. By examining the salary distribution chart, it can be determined that 25% of professionals employed as Mortgage Processor in Las Vegas earn less than 37,300 USD, while 75% earn more. Similarly, the chart shows that 75% earn less than 51,400 USD while 25% earn more.

  • Pay Scale Structure

    To provide a better understanding of expected salaries, we categorized the frequently occurring salaries into different ranges. This approach provides a more precise representation of salary distribution for the job title Mortgage Processor in Las Vegas compared to simply calculating the average. The majority of reported salaries, approximately 65%, fall within the range of 28,900 USD to 40,000 USD. About 20% of salaries are below the 28,900 USD mark, while 10% fall within the range of 40,000 USD to 45,000 USD. Only 5% of individuals have salaries exceeding 45,000 USD.

Salary Comparison by Years of Experience / Mortgage Processor / Las Vegas

How do experience and age affect pay?

0 - 2 Years
28,200 USD
2 - 5 Years+31%
36,800 USD
5 - 10 Years+40%
51,600 USD
10 - 15 Years+20%
62,000 USD
15 - 20 Years+9%
67,300 USD
20+ Years+8%
72,600 USD
Percentage increase and decrease are relative to the previous value
Salary comparison by years of experience yearly Las Vegas Mortgage Processor
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The experience level is the most important factor in determining the salary. Naturally, the more years of experience the higher the wage. We broke down salaries by experience level for people working as Mortgage Processor and this is what we found.


All salary figures displayed here are per year except when noted otherwise.

Employees with less than two years of experience earn approximately 28,200 USD.

While someone with an experience level between two and five years is expected to earn 36,800 USD, 31% more than someone with less than two year's experience.

Moving forward, an experience level between five and ten years lands a salary of 51,600 USD, 40% more than someone with two to five years of experience.

Additionally, professionals whose expertise span anywhere between ten and fifteen years get a salary equivalent to 62,000 USD, 20% more than someone with five to ten years of experience.

If the experience level is between fifteen and twenty years, then the expected wage is 67,300 USD, 9% more than someone with ten to fifteen years of experience.

Lastly, employees with more than twenty years of professional experience get a salary of 72,600 USD, 8% more than people with fifteen to twenty years of experience.

On average, a person's salary doubles their starting salary by the time they cross the 10 years* experience mark.
* Based on the average change in salary over time. Salary variations differ from person to person.

Typical Salary Progress for Most Careers

Salary Comparison By Experience Level
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Salary Comparison By Education / Mortgage Processor / Las Vegas

How do education levels affect salaries?

Displayed below is the average salary variance between different education levels of professionals working as Mortgage Processor.

Certificate or Diploma
32,200 USD
Bachelor's Degree+50%
48,500 USD
Master's Degree+48%
71,900 USD
Percentage increase and decrease are relative to the previous value
Salary comparison by education level yearly Las Vegas Mortgage Processor
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We all know that higher education equals a bigger salary, but how much more money can a degree add to your income? We broke down salaries by education level for the position Mortgage Processor in order to make a comparison.


Level 1: Certificate or Diploma

Employees at this education level have an average salary of 32,200 USD.


Level 2: Bachelor's Degree

At this level, the average salary becomes 48,500 USD, 50% more than the previous level.


Level 3: Master's Degree

At this level, the average salary becomes 71,900 USD, 48% more than the previous level.



Is a Master's degree or an MBA worth it? Should you pursue higher education?

A Master's degree program or any post-graduate program in United States costs anywhere from 39,600 USD to 119,000 USD and lasts approximately two years. That is quite an investment.

You can't really expect any salary increases during the study period, assuming you already have a job. In most cases, a salary review is conducted once education is completed and the degree has been attained.

Many people pursue higher education as a tactic to switch to a higher-paying job. The numbers seem to support the theory. The average increase in compensation while changing jobs is approximately 10% more than the customary salary increment.

If you can afford the costs of higher education, the return on investment is definitely worth it. You should be able to recover the costs in roughly a year or so.


Typical Salary Difference by Education for Most Careers

Salary Comparison By Education Level
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Salary and Compensation Comparison By Gender / Mortgage Processor / Las Vegas

Salary comparison by gender United States Mortgage Processor yearly
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Though gender should not have an effect on pay, in reality, it does. So who gets paid more: men or women? For the people who work as Mortgage Processor in United States, the average difference between the salary of male and female employees is 6%.

Male
48,900 USD
Female-6%
46,100 USD
Percentage increase and decrease are relative to the previous value

Salary Comparison By Gender in United States for all Careers

Salary comparison by gender yearly United States
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Average Annual Salary Increment Percentage / Mortgage Processor / Las Vegas

How much are annual salary increments in Las Vegas for individuals working as Mortgage Processor? How often do employees get salary raises?

Individuals working as Mortgage Processor in United States are likely to observe a salary increase of approximately % every months. The national average annual increment for all professions combined is 8% granted to employees every 16 months.

Annual Salary Increment Rate United States Mortgage Processor
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The figures provided here are averages of numbers. Those figures should be taken as general guidelines. Salary increments will vary from person to person and depend on many factors, but your performance and contribution to the success of the organization remain the most important factors in determining how much and how often you will be granted a raise.

United States / All Professions

Annual Salary Increment Rate United States
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The term Annual Salary Increase usually refers to the increase in 12 calendar month period, but because it is rare that people get their salaries reviewed exactly on the one-year mark, it is more meaningful to know the frequency and the rate at the time of the increase.

How to calculate the salary increment percentage?

The annual salary Increase in a calendar year (12 months) can be easily calculated as follows: Annual Salary Increase = Increase Rate x 12 / Increase Frequency

The average salary increase in one year (12 months) in United States is 6%.

Worldwide Salary Raises: All Countries and All Jobs

World Average Annual Salary Increment
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Salary Packages and Schemes

Not all compensation increases are reflected directly in the salary. Some companies offer upgraded packages to their staff instead of cash money. The figures displayed here account only for direct increments to the base salary.



Bonus and Incentive Rates / Mortgage Processor / United States

How much and how often are bonuses being awarded?Annual Salary Bonus Rate United States Mortgage Processor
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100% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while % said that they received at least one form of monetary bonus.

Those who got bonuses reported rates ranging from % to % of their annual salary.

Received Bonus
%
No Bonus
100%

Types of Bonuses Considered

Individual Performance-Based Bonuses

The most standard form of bonus, where the employee is awarded based on their exceptional performance.

Company Performance Bonuses

Occasionally, some companies like to celebrate excess earnings and profits with their staff collectively in the form of bonuses that are granted to everyone. The amount of the bonus will probably be different from person to person depending on their role within the organization.

Goal-Based Bonuses

Granted upon achieving an important goal or milestone.

Holiday / End of Year Bonuses

These types of bonuses are given without a reason and usually resemble an appreciation token.

Bonuses Are Not Commissions!

People tend to confuse bonuses with commissions. A commission is a prefixed rate at which someone gets paid for items sold or deals completed while a bonus is in most cases arbitrary and unplanned.


What makes a position worthy of good bonuses and a high salary?

The main two types of jobs

Revenue GeneratorsSupporting Cast

Employees that are directly involved in generating revenue or profit for the organization. Their field of expertise usually matches the type of business.

Employees that support and facilitate the work of revenue generators. Their expertise is usually different from that of the core business operations.

Example:
A graphics designer working for a graphics designing company.

Example:
A graphic designer in the marketing department of a hospital.


Revenue generators usually get more and higher bonuses, higher salaries, and more frequent salary increments. The reason is quite simple: it is easier to quantify your value to the company in monetary terms when you participate in revenue generation.

Try to work for companies where your skills can generate revenue. We can't all generate revenue and that's perfectly fine.

Bonus Comparison by Seniority Level

Top management personnel and senior employees naturally exhibit higher bonus rates and frequencies than juniors. This is very predictable due to the inherent responsibilities of being higher in the hierarchy. People in top positions can easily get double or triple bonus rates than employees down the pyramid.

Average Hourly Wage / Mortgage Processor / Las Vegas


24 USD per hour

The average hourly wage (pay per hour) for individuals working as Mortgage Processor in Las Vegas is 24 USD.This is the rate they get paid for every worked hour.


Hourly Wage = Annual Salary / ( 52 x 5 x 8 )

About The Hourly Pay Rate

The hourly wage is the salary paid in one worked hour. Usually, jobs are classified into two categories: salaried jobs and hourly jobs. Salaried jobs pay a fixed amount regardless of the hours worked. Hourly jobs pay per worked hour. To convert salary into hourly wage the above formula is used (assuming 5 working days in a week and 8 working hours per day which is the standard for most jobs). The hourly wage calculation may differ slightly depending on the worked hours per week and the annual vacation allowance. The figures mentioned above are good approximations and are considered to be the standard. One major difference between salaried employees and hourly paid employees is overtime eligibility. Salaried employees are usually exempt from overtime as opposed to hourly paid staff.

What is the minimum hourly rate of pay?

The minimum pay rate per hour for people working as Mortgage Processor in Las Vegas is 12 USD. This is the minimum as per the gathered data in the salary survey not the minimum hourly rate mandated by law.

Salary comparison with similar jobs

Job TitleAverage Salary
Banking-100%
AML Analyst151,000 USD+210%
Assistant Bank Branch Manager130,000 USD+160%
Assistant Bank Manager163,000 USD+230%
ATM Manager146,000 USD+200%
ATM Service Technician38,600 USD-22%
Bank Accounts Analyst54,200 USD+10%
Bank Accounts Collector34,200 USD-31%
Bank Accounts Controller72,100 USD+46%
Bank Accounts Executive103,000 USD+110%
Bank Accounts Manager126,000 USD+160%
Bank Auditing Manager119,000 USD+140%
Bank Branch Manager167,000 USD+240%
Bank Branch Operations Coordinator73,300 USD+49%
Bank Clerk32,200 USD-35%
Bank Client Service Associate47,800 USD-3%
Bank Collector35,700 USD-28%
Bank Compliance Specialist93,400 USD+89%
Bank Manager190,000 USD+290%
Bank Operational Risk Manager196,000 USD+300%
Bank Operations Head211,000 USD+330%
Bank Operations Officer77,800 USD+58%
Bank Operations Specialist126,000 USD+160%
Bank Process Manager117,000 USD+140%
Bank Product Manager 129,000 USD+160%
Bank Programme Manager142,000 USD+190%
Bank Project Manager161,000 USD+230%
Bank Propositions Manager137,000 USD+180%
Bank Quantitative Analyst104,000 USD+110%
Bank Regional Manager217,000 USD+340%
Bank Regional Risk Officer105,000 USD+110%
Bank Relationship Manager153,000 USD+210%
Bank Relationship Officer70,900 USD+44%
Bank Sustainability Analyst120,000 USD+140%
Bank Teller34,400 USD-30%
Banker72,700 USD+47%
Banking Business Analyst106,000 USD+110%
Banking Business Development Officer66,100 USD+34%
Banking Business Planning Executive154,000 USD+210%
Banking Data Analyst118,000 USD+140%
Banking Product Manager128,000 USD+160%
Banking Reference Data Manager119,000 USD+140%
Banking Regulatory Compliance Officer128,000 USD+160%
Banking Risk Analyst98,800 USD+100%
Banking Technical Analyst54,800 USD+11%
Bankruptcy Coordinator71,800 USD+46%
Bill and Account Collector36,700 USD-26%
Blockchain Analyst86,200 USD+75%
Blockchain Architect106,000 USD+110%
Blockchain Auditor90,100 USD+83%
Blockchain Compliance Analyst98,600 USD+100%
Blockchain Consultant99,100 USD+100%
Blockchain Trade Facilitator85,000 USD+72%
Budget Analyst103,000 USD+110%
Capital Risk Manager198,000 USD+300%
Cards Marketing Manager128,000 USD+160%
Cash Management Manager177,000 USD+260%
Check Processing Manager139,000 USD+180%
Chief Blockchain Officer117,000 USD+140%
Commercial Vault Associate98,900 USD+100%
Corporate Banker73,000 USD+48%
Corporate Dealer109,000 USD+120%
Credit Analyst81,100 USD+64%
Credit and Collections Manager135,000 USD+170%
Credit Card Fraud Investigator110,000 USD+120%
Credit Portfolio Manager188,000 USD+280%
Credit Risk Analyst121,000 USD+150%
Credit Risk Associate111,000 USD+130%
Cryptocurrency Accountant67,100 USD+36%
Cryptocurrency Adviser125,000 USD+150%
Cryptocurrency Analyst99,200 USD+100%
Cryptocurrency Compliance Manager118,000 USD+140%
Cryptocurrency Trader112,000 USD+130%
Digital Banking Manager147,000 USD+200%
Digital Currency Analyst107,000 USD+120%
Direct Bank Sales Representative72,100 USD+46%
Exchange Control Consultant113,000 USD+130%
Executive Account Analyst99,000 USD+100%
Financial Bank Planning Consultant134,000 USD+170%
Financial Banking Analysis Manager152,000 USD+210%
Financial Banking Assistant52,200 USD+6%
Financial Banking Systems Manager143,000 USD+190%
Foreign Exchange Manager147,000 USD+200%
Fraud Analyst113,000 USD+130%
Fraud Detection Associate77,100 USD+56%
Fraud Detection Manager167,000 USD+240%
Fraud Detection Supervisor89,200 USD+81%
Internal Bank Audit Manager189,000 USD+280%
Internal Bank Auditor96,400 USD+96%
Internal Private Banker75,300 USD+53%
International Banking Manager216,000 USD+340%
Investment Banking Analyst147,000 USD+200%
Loan Analyst105,000 USD+110%
Loan Area Manager121,000 USD+150%
Loan Audit Team Leader114,000 USD+130%
Loan Branch Manager119,000 USD+140%
Loan Business Development Officer61,700 USD+25%
Loan Clerk38,200 USD-23%
Loan Collection and Recovery Manager131,000 USD+170%
Loan Collection Manager124,000 USD+150%
Loan Collector34,400 USD-30%
Loan Examiner43,900 USD-11%
Loan Officer41,000 USD-17%
Loan Processing Manager115,000 USD+130%
Loan Processor46,000 USD-7%
Loan Quality Assurance Auditor110,000 USD+120%
Loan Quality Assurance Manager117,000 USD+140%
Loan Quality Assurance Representative74,600 USD+51%
Loan Review Manager120,000 USD+140%
Loan Team Leader102,000 USD+110%
Loans Manager136,000 USD+180%
Mortgage Advisor74,600 USD+51%
Mortgage Collection Manager121,000 USD+150%
Mortgage Collector35,700 USD-28%
Mortgage Credit Analyst55,600 USD+13%
Mortgage Credit Manager112,000 USD+130%
Mortgage Development Manager136,000 USD+180%
Mortgage Document Reviewer44,400 USD-10%
Mortgage Funding Manager140,000 USD+180%
Mortgage Operations Manager185,000 USD+280%
Mortgage Payment Processing Clerk39,100 USD-21%
Mortgage Processing Manager119,000 USD+140%
Mortgage Processor49,300 USD-0%
Mortgage Quality Assurance Auditor107,000 USD+120%
Mortgage Quality Assurance Manager118,000 USD+140%
Mortgage Servicing Clerk36,600 USD-26%
Mortgage Servicing Manager111,000 USD+130%
Mortgage Underwriter42,200 USD-14%
Online Banking Manager176,000 USD+260%
Open Banking Strategist112,000 USD+130%
Payment Processing Clerk38,000 USD-23%
Personal Banker76,000 USD+54%
Personal Banking Advisor 74,800 USD+52%
Phone Banker49,900 USD+1%
Private Banker74,400 USD+51%
Reconciliation and Investigation Specialist81,600 USD+65%
Tax Officer61,100 USD+24%
Teller34,100 USD-31%
Trade Officer41,900 USD-15%
Trade Product Manager127,000 USD+160%
Trader51,100 USD+4%
Treasury Operations Officer93,400 USD+89%
Wealth Management Advisor156,000 USD+220%

Salary Comparison By City

CityAverage Salary
Las Vegas49,300 USD

Government vs Private Sector Salary Comparison

Where can you get paid more, working in a private company or the government? The difference between the public or government sector salaries and the private sector salaries in United States is 5% on average across all career fields.

Private Sector
92,800 USD
Public Sector+5%
97,500 USD
Percentage increase and decrease are relative to the previous value

Salary Statistics and Calculation Guide

What is considered to be a good and competitive salary for the job title Mortgage Processor in Las Vegas?

A good and competitive compensation would range anywhere between 45,200 USD and 51,400 USD. This is a very rough estimate. Experience and education play a very huge part in the final earnings.

Gross Salary (before tax) and Net Salary (after tax)

All salary and compensation figures displayed here are gross salary figures, that is the salary before tax deductions. Because taxes may differ across sectors and locations, it is difficult to accurately calculate the net salary after tax for every career.

Base / Basic Salary

The base salary for a careers like Mortgage Processor in Las Vegas ranges from 25,100 USD to 37,300 USD. The base salary depends on many factors including experience and education. It is not easy to provide a figure with very little information, so take this range with a grain of salt.


What is the difference between the median and the average salary?

Both are indicators. If your salary is higher than both the average and the median then you are doing very well. If your salary is lower than both, then many people earn more than you and there is plenty of room for improvement. If your wage is between the average and the median, then things can be a bit complicated. We wrote a guide to explain all about the different scenarios. How to compare your salary


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