Loan Processor

Loan Processor Salary

Average Yearly Salary
$50,000
$28,000
Min 10%
$50,000
Median 50%
$91,000
Max 90%
Best Paying Company
Metro Bank
Highest Paying City
Fairfield, CA
Highest Paying State
District of Columbia
Average Experience Level
2.7 years
How much does a loan processor make?
Loan Processors in the US make on average $50,965 annually or $24.5 hourly. The top 10 percent of earners make over $91,000 annually, whereas the bottom 10 percent of earners make under $28,000 per year. Professional companies and Finance companies are the best when it comes to the number of employment opportunities. District of Columbia, Connecticut, Alaska, New York, and New Jersey are some of the states with the best Loan Processor salaries in the US. The typical tenure for a Loan Processor is 2.7 years.
Annual Salaries For Related Jobs
Processor
$43,862

Average Loan Processor Salary By Company

If you are a Loan Processor, you can expect good job security. However, keep in mind that some industries pay better than others. The most abundant employment opportunities for Loan Processors are in Professional companies and Finance companies. Metro Bank and Space Coast Credit Union are the highest paying companies. In addition, companies like Pacific Premier Bancorp and Cornerstone Bank report highly competitive salaries for Loan Processors.

Average Loan Processor Salary By Location

The national average salary for a Loan Processor in the USA is $50,965 annually or $24.5 hourly. The top city when it comes to Loan Processor salaries is Fairfield, CA at $75,446 per year. Even an entry-level Loan Processor makes $33,000 per year in Fairfield, CA. The top 5 states with the highest reported Loan Processor salaries are District of Columbia, Connecticut, Alaska, New York, and New Jersey. On the other hand, South Dakota, Louisiana, West Virginia, Mississippi, and New Mexico report the lowest wages for Loan Processors.
RankCityAverage Salary
1
Fairfield, CA
$75,446
2
Anchorage, AK
$64,766
3
Marlborough, MA
$58,503
4
Baltimore, MD
$58,299
5
Charlotte, NC
$57,528

Recently Added Loan Processor Salaries

Company
Job
Location
Date Added
Salary
Focus of Georgia, Inc.
Loan Processor
01/29/2020
$37,566
Robert Half
Loan Processor
01/28/2020
$35,479
Robert Half
Loan Processor
01/27/2020
$33,455
Spherion
Loan Processor
01/24/2020
$31,305
Robert Half
Loan Processor
01/23/2020
$33,392
Robert Half
Loan Processor
01/23/2020
$33,392
Cyprus Credit Union
Loan Processor
01/23/2020
$28,863
Robert Half
Loan Processor
01/22/2020
$33,809
Enova
Loan Processor
01/22/2020
$29,218
Randstad
Loan Processor
01/21/2020
$29,218
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