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How do processors get paid?

By Zippia Team - Dec. 17, 2021

Yes, processors can get paid well. The average loan processor makes around $53,710 a year, ranging between $22,224 to $130,000 annually. Factors such as company type and location impact how much a processor gets paid.

Highest-Paying Companies for Processors:

  • Allied First Bank - $126,889 a year

  • K. Hovnanian Companies - $89,446 a year

  • Land Home Financial Services - $87,866 a year

  • LeaderOne Financial Corporation - $84,980 a year

  • HomeTown Lenders - $80,437 a year

  • Network Capital Funding Corporation - $76,038 a year

  • Colten Mortgage - $75,327 a year

  • Dominion Financial Services - $68,744 a year

  • General mortgage Capital Corporation - $63,834 a year

  • U.S. Bank - $63,636 a year

Highest-Paying Cities for Processors:

  • Irvine, CA - $63,127 a year

  • Las Vegas, NV - $59,563 a year

  • Jacksonville, FL -$58,110 a year

  • San Diego, CA - $57,878 a year

  • Dallas, TX - $56,931 a year

  • Phoenix, AZ -$54,423 a year

  • Houston, TX - $50,924 a year

  • Irving, TX - $49,526 a year

How do processors get paid?

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