This question is about loan processor salaries.

How much does a loan processor make per hour?

By Zippia Team - Dec. 17, 2021

A loan processor makes an hourly wage that ranges from $18 to $22. This translates to most loan processors' salaries being around $40,000 to $50,000 in a year.

While many factors affect earning potential for loan processors, location is a major influence. Loan processors can make 16% more living in San Francisco, Santa Clara, and Washington D.C.

These top locations for higher-level salaries for loan processors beat the national average by about 16%, with an average salary of around $55,000.

Another influence on earnings for loan processors is the level of experience. Entry-level loan processors make significantly less than highly experienced loan processors.

If a person is skilled and experienced at all types of loans, they can easily make closer to $50,000 in a year. Without those skills and experience, entry-level roles only make $40,000 or less.

How much does a loan processor make per hour?

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