Loan Processor Salary in the US

$44,570
per year
per month
$3,710
per month
per year
Bonus
$0/year
Commission
$0/year
Bonus
$0/month
Commission
$0/month

Loan Processor - Average Salary

The average salary for a Loan Processor is $44,570 per year ($3,710 per month), which is $8,920 (-17%) lower than the average salary in the United States.
A Loan Processor can expect an average starting salary of $32,640. The highest salaries can exceed $68,430.
$32,640
Low
$44,570
Average salary
$68,430
High
$2,720
Low
$3,710
Average salary
$5,700
High
Total pay includes salary .
$0
$48,800
$97,530
Salary$32,640 - 68,430
Bonus$0 - 12,700
Commission$0 - 16,400
Total Pay$32,640 - 97,530
$0
$4,070
$8,130
Salary$2,720 - 5,700
Bonus$0 - 1,060
Commission$0 - 1,370
Total Pay$2,720 - 8,130

Loan Processor Salary Range

Low
$32,640
Average salary
$44,570
Senior
$53,280
High
$68,430
Low
$2,720
Average salary
$3,710
Senior
$4,440
High
$5,700
Among Loan Processors in the U.S., Junior Loan Processors have the lower salaries, while Commercial Loan Processors and Senior Loan Processors enjoy the highest salaries.

Loan Processor - Salary Differences

JobSalaryDifference
Senior Loan Processor$55K/year
+23% 
Commercial Loan Processor$47K/year
+6% 
Mortgage Loan Processor$46K/year
+4% 
Consumer Loan Processor$43K/year
 -4%
Junior Loan Processor$38K/year
 -14%

Loan Processor - Pay by Experience Level in the United States

An Entry Level Loan Processor with less than three years of experience can expect to earn an average starting salary of $37,330 per year. A mid level Loan Processor with 4-9 years of experience earns an average salary of $42,320, while a Senior Loan Processor with 10-20 years of experience makes on average $54,630. Loan Processors with more than 20 years of experience earn $55,430 per year on average.

How Work Experience Affects the Salary of a Loan Processor

Late Career▲ +24%
Senior▲ +23%
Average Salary$44,570/year
Mid Level▼ -5%
Entry Level▼ -16%

Gender Breakdown

Female
83%
Male
17%

Loan Processor - Jobs by Location

Loan Processor - Related Salaries

The salary information presented on this page is based on all Loan Processor jobs published on Jobted in the last 12 months and on data from the Bureau of Labor Statistics (BLS.gov).
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