Loan Officer/Loan Processor

Loan Officer/Loan Processor Salary

Average Yearly Salary
$65,000
$34,000
Min 10%
$65,000
Median 50%
$124,000
Max 90%
Best Paying Company
Goldman Sachs
Highest Paying City
New York, NY
Highest Paying State
New Jersey
Average Experience Level
3.5 years
How much does a loan officer/loan processor make?
The national average salary for a Loan Officer/Loan Processor in the United States is $65,199 per year or $31.35 per hour. If you are in the top 10 percent, you will make over $124,000; however, if you are in the bottom 10 percent, you will earn less than $34,000 per year. Finance companies and Technology companies have the most job opportunities for Loan Officers/Loan Processor. The top 5 states when it comes to Loan Officer/Loan Processor salaries are New Jersey, New York, Pennsylvania, Delaware, and Michigan. The typical employment for a Loan Officer/Loan Processor is 3.5 years.
Annual Salaries For Related Jobs

Average Loan Officer/Loan Processor Salary By Location

Loan Officers/Loan Processor in the United States of America make on average $65,199 a year or $31.35 per hour. The city with the highest Loan Officer/Loan Processor salary is New York, NY at $76,025 per year. The average starting salary in New York, NY for Loan Officers/Loan Processor is $34,000. New Jersey, New York, Pennsylvania, Delaware, and Michigan are the states with the highest payscale for Loan Officers/Loan Processor. Georgia, Missouri, Oklahoma, Colorado, and Alaska have the lowest reported salaries for Loan Officers/Loan Processor.
RankCityAverage Salary
1
1
New York, NY
New York, NY
$76,025
$76,025
2
2
McLean, VA
McLean, VA
$66,297
$66,297
3
3
Boston, MA
Boston, MA
$65,795
$65,795
4
4
Minneapolis, MN
Minneapolis, MN
$61,357
$61,357
5
5
Corvallis, OR
Corvallis, OR
$60,505
$60,505

Map of Loan Officer/Loan Processor Salaries

The darker areas on the map show where Loan Officers/Loan Processor earn the highest salaries across all 50 states.

Average Salary:
LowestHighest

Average Loan Officer/Loan Processor Salary By Company

If you are a Loan Officer/Loan Processor, you can expect good job security. However, keep in mind that some industries pay better than others. Most Loan Officer/Loan Processor jobs are in Finance companies and Finance companies. Goldman Sachs and Federal Home Loan Mortgage are the highest paying companies. Companies like Wells Fargo and MIDWEST CBK also report very competitive wages for Loan Officers/Loan Processor.

Loan Officer/Loan Processor Salary History

Compare salaries for individual cities or states with the national average.

National Average
Ashburn, VA

Recently Added Loan Officer/Loan Processor Salaries

Company
Job
Location
Date Added
Salary
Wells Fargo
Loan Officer/Loan Processor
01/22/2020
$110,600
Wells Fargo
Loan Officer/Loan Processor
01/22/2020
$110,600
Wells Fargo
Loan Officer/Loan Processor
01/22/2020
$110,600
Wells Fargo
Loan Officer/Loan Processor
01/22/2020
$110,600
Wells Fargo
Loan Officer/Loan Processor
01/22/2020
$110,600
Wells Fargo
Loan Officer/Loan Processor
01/22/2020
$110,600
Wells Fargo
Loan Officer/Loan Processor
01/22/2020
$110,600
Wells Fargo
Loan Officer/Loan Processor
01/22/2020
$110,600
Wells Fargo
Loan Officer/Loan Processor
01/22/2020
$110,600
Wells Fargo
Loan Officer/Loan Processor
01/22/2020
$110,600
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