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Job outlook for loan officers/loan processor in the United States
Loan officer/loan processor job growth summary. After extensive research, interviews, and analysis, Zippia's data science team found that:
The projected loan officer/loan processor job growth rate is 4% from 2018-2028.
About 12,600 new jobs for loan officers/loan processor are projected over the next decade.
Loan officer/loan processor salaries have increased 0% for loan officers/loan processor in the last 5 years.
There are over 233,104 loan officers/loan processor currently employed in the United States.
There are 71,801 active loan officer/loan processor job openings in the US.
The average loan officer/loan processor salary is $46,753.
Are loan officer/loan processor jobs in demand?
Yes, loan officer/loan processor jobs are in demand. Loan officer/loan processor demand is projected to grow 4% from 2018 to 2028.
Loan officer/loan processor job and salary trends over time
Compare the number of loan officer/loan processor jobs and the average loan officer/loan processor salary over time.
Loan officer/loan processor jobs over time
Loan officer/loan processor job growth rate over time
| Year | # of jobs | % of population |
|---|---|---|
| 2021 | 233,104 | 0.07% |
| 2020 | 208,252 | 0.06% |
| 2019 | 209,258 | 0.06% |
| 2018 | 211,272 | 0.06% |
| 2017 | 213,688 | 0.06% |
Average loan officer/loan processor salary over time
Loan officer/loan processor salary by year
| Year | Avg. salary | Hourly rate | % Change |
|---|---|---|---|
| 2026 | $46,753 | $22.48 | +1.1% |
| 2025 | $46,249 | $22.24 | +0.4% |
| 2024 | $46,081 | $22.15 | --2.5% |
| 2023 | $47,265 | $22.72 | +1.6% |
| 2022 | $46,527 | $22.37 | +0.3% |
Loan officer/loan processor jobs by state
The map below shows you the number of loan officer/loan processor job openings in each state. The darker areas on the map show where loan officers/loan processor earn the highest salaries across all 50 states.
Average salary: Job openings:
Most common states for loan officers/loan processor
| Rank | State | Population | # of jobs | Employment/ 1000ppl |
|---|---|---|---|---|
| 1 | Minnesota | 5,576,606 | 1,392 | 25% |
| 2 | North Dakota | 755,393 | 185 | 24% |
| 3 | Idaho | 1,716,943 | 403 | 23% |
| 4 | Massachusetts | 6,859,819 | 1,509 | 22% |
| 5 | Arizona | 7,016,270 | 1,445 | 21% |
| 6 | Nebraska | 1,920,076 | 402 | 21% |
| 7 | Rhode Island | 1,059,639 | 220 | 21% |
| 8 | Colorado | 5,607,154 | 1,115 | 20% |
| 9 | Iowa | 3,145,711 | 614 | 20% |
| 10 | Virginia | 8,470,020 | 1,579 | 19% |
| 11 | South Dakota | 869,666 | 166 | 19% |
| 12 | Vermont | 623,657 | 116 | 19% |
| 13 | Maine | 1,335,907 | 239 | 18% |
| 14 | Illinois | 12,802,023 | 2,174 | 17% |
| 15 | Maryland | 6,052,177 | 1,038 | 17% |
| 16 | New Hampshire | 1,342,795 | 227 | 17% |
| 17 | North Carolina | 10,273,419 | 1,678 | 16% |
| 18 | New Jersey | 9,005,644 | 1,436 | 16% |
| 19 | Missouri | 6,113,532 | 963 | 16% |
| 20 | Kansas | 2,913,123 | 465 | 16% |
Most common cities for loan officers/loan processor
| Rank | City | # of jobs | Employment/ 1000ppl | Avg. salary |
|---|---|---|---|---|
| 1 | Kansas City | 1 | 0% | $44,544 |