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Mortgage Processor Jobs in Silver Spring, MD (NOW HIRING)

Newrez

Jr Mortgage Consultant

Columbia, MD · On-site

Every day, we work to exceed the expectations of our residential mortgage borrowers and business partners through superior service, simple processes, and clear communication. We do this by empowering ...

Newrez LLC

Jr Mortgage Consultant

Columbia, MD · On-site

Every day, we work to exceed the expectations of our residential mortgage borrowers and business partners through superior service, simple processes, and clear communication. We do this by empowering ...

AnnieMac Home Mortgage

Senior Processor

Waldorf, MD · On-site

Senior Processor AnnieMac Home Mortgage is looking to hire a Full Time Senior Processor to process loans for all new branches until their processor is released from training or hired and then ...

LBC Mortgage

Mortgage Loan Officer

Washington, DC · Remote

Mortgage Loan Officer Position! LBC Mortgage is looking for a licensed Mortgage Loan Officer to ... Team of professional in-house processors-they will help you structure deals ; loan officer ...

Apply Early

LBC Mortgage

Mortgage Loan Officer

Washington, DC · On-site +1

Mortgage Loan Officer Position! LBC Mortgage is looking for a licensed Mortgage Loan Officer to ... Team of professional in-house processors-they will help you structure deals ; loan officer ...

Weichert Companies

Mortgage Advisor

Germantown, MD · On-site

Our Mortgage Advisors are more than loan originators -- they are on the front lines of the real estate process. We not only provide access to leads from various sources, but also the ability to meet ...

Weichert, Realtors

Mortgage Advisor

Germantown, MD · On-site

Our Mortgage Advisors are more than loan originators -- they are on the front lines of the real estate process. We not only provide access to leads from various sources, but also the ability to meet ...

Weichert

Mortgage Advisor

Germantown, MD · On-site

Our Mortgage Advisors are more than loan originators -- they are on the front lines of the real estate process. We not only provide access to leads from various sources, but also the ability to meet ...

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All JobsMortgage Processor JobsMortgage Processor Jobs in Silver Spring, MD

Mortgage Processor information

See Silver Spring, MD salary details

$29.5K

$52.6K

$97.7K

How much do mortgage processor jobs pay per year?

As of Jul 7, 2026, the average yearly pay for mortgage processor in Silver Spring, MD is $52,622.00, according to ZipRecruiter salary data. Most workers in this role earn between $41,400.00 and $56,900.00 per year, depending on experience, location, and employer.

What does a processor do for a mortgage?

A mortgage processor reviews and verifies all necessary documents, such as income, employment, and credit information, to ensure they meet lender requirements. They compile and submit the application package for approval, coordinate with borrowers and underwriters, and track the loan's progress throughout the approval process.

What are the most common challenges faced by mortgage processors, and how can they be managed effectively?

Mortgage processors often encounter tight deadlines and frequent changes in documentation requirements, which can make staying organized challenging. Managing multiple loan files at different stages of completion requires strong attention to detail and effective communication with loan officers, underwriters, and clients. To succeed, it's helpful to develop robust organizational systems, stay updated on lending guidelines, and build excellent relationships with team members to quickly resolve any issues that arise during the process.

What are the key skills and qualifications needed to thrive as a Mortgage Processor, and why are they important?

To thrive as a Mortgage Processor, you need a solid understanding of loan products, mortgage regulations, and financial documentation, typically supported by experience in the finance or real estate industry. Familiarity with loan origination systems (LOS), automated underwriting tools, and compliance software is essential. Strong organizational skills, attention to detail, and effective communication set outstanding processors apart. These skills ensure accurate, timely processing of loan applications, minimizing errors and delays while maintaining regulatory compliance.

What is a mortgage processor's job?

A mortgage processor reviews and verifies loan applications, ensuring all required documentation is complete and accurate. They coordinate with lenders, underwriters, and borrowers to facilitate the approval process and may use loan processing software to track progress. Strong attention to detail and knowledge of lending guidelines are essential for this role.

What are mortgage processors?

Mortgage processors are professionals who handle and organize the documentation and information required to process a mortgage loan application. They act as a liaison between the borrower, loan officer, and underwriter, ensuring that all necessary paperwork is complete, accurate, and submitted on time. Their responsibilities include verifying employment and financial information, ordering credit reports, coordinating appraisals, and tracking the progress of the loan application to ensure it moves smoothly toward approval and closing.

How much does a loan officer make on a $500,000 loan?

A mortgage processor typically does not earn a commission based on loan amounts; however, loan officers often earn a commission or fee that can range from 0.5% to 1% of the loan amount. For a $500,000 loan, this could translate to $2,500 to $5,000 in commissions or fees, depending on the lender and compensation structure.

How much do processors get paid?

Mortgage processors typically earn between $40,000 and $65,000 annually, depending on experience, location, and employer. Some may also receive bonuses or commissions, and the role often requires strong attention to detail and familiarity with loan processing software.
More about Mortgage Processor jobs
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What cities near Silver Spring, MD are hiring for Mortgage Processor jobs? Cities near Silver Spring, MD with the most Mortgage Processor job openings:
Mortgage Processor jobs near you
Jr Mortgage Consultant

Jr Mortgage Consultant

Newrez

Columbia, MD • On-site

Full-time

Medical, Dental, Vision, Retirement, PTO

Posted 9 days ago

Newrez rating

6.0

Company rating: 6.0 out of 10

Based on 23 frontline employees who took The Breakroom Quiz

Job description

Who We Are

At Newrez, we bring big thinkers and caring doers together to make home happen. We're a team built on heart and hustle, united by a commitment to show up for our customers, our communities, and each other. We believe that when our people thrive, homeowners thrive - and that's why we invest in your growth, wellbeing, and ability to make an impact.

Every day, we work to exceed the expectations of our residential mortgage borrowers and business partners through superior service, simple processes, and clear communication. We do this by empowering our employees, encouraging innovative solutions and recognizing great performance.

At The Academy, we develop Mortgage Professionals by integrating knowledge with confidence. You'll receive personalized guidance from experienced instructors who are committed to your success from day one through graduation. We go beyond traditional textbook learning by immersing you in real-world mortgage systems and practical sales training that directly impacts the mortgage process for our borrowers. Whether you're mastering foundational concepts or refining your client engagement skills, every lesson is designed to be hands-on, relevant, and transformative. This is a place where you don't just learn, you grow and thrive alongside mentors who care deeply about your progress. Ready to turn potential into performance? Your journey to excellence starts here!

POSITION SUMMARY

At Newrez as a Jr Mortgage Consultant you will learn to sell loan products offered by NewRez. Contact prospective clients to develop and maintain referral sources. Meet with prospective clients at outside locations such as a client's home. Make in-person calls on real estate agents, financial advisors and other potential referral sources to develop borrower leads.

DESCRIPTION

  • Engage with consumers, determine their needs, and offer the appropriate product.

  • Take mortgage loan applications and prepare effective loan proposals.

  • Provide superior customer service.

  • Meet monthly production goals.

  • Stay informed of developing trends in the mortgage industry.

  • Attend/assist with scheduled meetings, training sessions and courses.

  • Maintain compliance with the Newrez Code of Conduct.

  • Performs related duties as assigned by management.

Qualifications and Education Requirements

  • Associates Degree or Bachelor's Degree preferred.

  • 0-2 years of related experience.

  • Sales experience preferred.

Skills, Abilities, and Knowledge

  • Ability to pass a background check required for state licensing.

  • Persuasive, selling communication skills.

  • Connect quickly with people in an outgoing, friendly manner.

  • Complete work quickly and accurately.

  • Effective in a fast-paced environment.

  • Attention to detail and careful decision-making skill with ability to avoid mistakes.

  • Basic computer skills.

  • Excellent written and communication skills.

  • Ability to stay organized in a fast-paced environment.

  • Ability to work independently with minimal supervision.

  • Must be detail-oriented and demonstrate careful decision-making skills.

A good faith estimate of the compensation is:

15,080.00 - 60,000.00

Compensation for this position may also include other elements, including medical, financial, various paid time off benefits, and a bonus based on individual and company performance, variable or annual.

Placement within the range will be based on a variety of factors, including but not limited to, skills, experience, qualifications, location, etc.

Additional Information:

While this description is intended to be an accurate reflection of the position's requirements, it in no way implies/states that these are the only job responsibilities. Management reserves the right to modify, add or remove duties and request other duties, as necessary.

All employees are required to have smart phones that meet Company security standards with the ability to install apps such as Microsoft Authenticator. Employment will be contingent on this requirement.

Why Newrez

We're a great place to work because we invest in what matters: your career, your community, your wellbeing, and your future. Our total rewards package is designed to support your whole self.

Company Benefits:

We offer benefits, programs, and perks that support you in every aspect of your life.

  • Medical, dental, and vision insurance

  • Health Savings Account with employer contribution

  • 401(k) Retirement plan with employer match

  • Paid Maternity Leave/Parental Bonding Leave/Caregiver Leave

  • Adoption Assistance

  • Tuition & Certification reimbursement

  • Employee Mortgage Loan Program

  • The Newrez Employee Emergency and Disaster Fund is a program to support our team members experiencing hardships

Newrez NOW:

Through Newrez NOW, our Corporate Social Responsibility program, you'll have opportunities to give back, lead, and make a difference.

  • 1 company-paid Volunteer Time Off day (with over 40,000 volunteer hours contributed since our inception)

  • Matching Gifts Program - dollar-for-dollar up to $1,000

  • Access to grants, nonprofit resources, and volunteer opportunities

  • More than $6,000,000 donated since 2020

  • 1 in 5 employees participates in at least one Employee Resource Group (ERG)

Equal Employment Opportunity

We're proud to be an equal opportunity employer- and celebrate our employees' differences, including race, color, religion, sex, sexual orientation, gender identity, national origin, age, disability, and Veteran status. Different makes us better.

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