As of April 01, 2025, the average annual salary for a Mortgage Loan Processor I in Tennessee is $41,553. Salary.com reports that pay typically ranges from $38,380 to $45,121, with most professionals earning between $35,491 and $48,371.
| Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
|
| 75th Percentile | $45,121 | $3,760 | $868 | $22 |
| Average | $41,553 | $3,463 | $799 | $20 |
| 25th Percentile | $38,380 | $3,198 | $738 | $18 |
An entry-level Mortgage Loan Processor I with under 1 year experience makes about $41,316. With less than 2 years of experience, a mid-level Mortgage Loan Processor I makes around $41,659. After 2-4 years, the Mortgage Loan Processor I pay rises to about $42,458. Those senior Mortgage Loan Processor I with 5-8 years of experience earn roughly $42,618, and those Mortgage Loan Processor I having 8 years or more experience are expected to earn about $42,724 on average.
| Levels | Salary |
|---|---|
| Entry Level Mortgage Loan Processor I | $41,316 |
| Intermediate Level Mortgage Loan Processor I | $41,659 |
| Senior Level Mortgage Loan Processor I | $42,458 |
| Specialist Level Mortgage Loan Processor I | $42,618 |
| Expert Level Mortgage Loan Processor I | $42,724 |
| Entry Level | 7% |
| Mid Level | 6% |
| Senior Level | 5% |
| Top Level | 4% |
| Experienced | 4% |
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Mortgage Loan Processor I salary varies from city to city. Compared with national average salary of Mortgage Loan Processor I, the highest Mortgage Loan Processor I salary is in San Francisco, CA, where the Mortgage Loan Processor I salary is 24.9% above. The lowest Mortgage Loan Processor I salary is in Miami, FL, where the Mortgage Loan Processor I salary is 3.9% lower than national average salary.
| City, State | Price | Compared to national average |
|---|---|---|
| San Francisco, CA | $55,532 |
24.9%
|
| Washington, DC | $49,232 |
10.7%
|
| Miami, FL | $42,722 |
|
| Chicago, IL | $45,950 |
3.3%
|
| Boston, MA | $49,592 |
11.5%
|
| New York, NY | $51,530 |
15.9%
|
