Loan Processor Salary

Average Yearly Salary
Updated May 18, 2020
$37,000
$30,000
$37,000
$46,000
Loan Processors in the United States make an average salary of $37,493 per year or $18.03 per hour. People on the lower end of that spectrum, the bottom 10% to be exact, make roughly $30,000 a year, while the top 10% makes $46,000. As most things go, location can be critical. Pennsylvania, West Virginia, Delaware, Ohio, and Virginia provide the highest Loan Processor salaries.
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Map of Loan Processor Salaries

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

Average Salary:

Average Loan Processor Salary By Location

Throughout the U.S., the average salary for a Loan Processor is roughly $37,493 per year, which boils down to $18.03 per hour. Interestingly enough, Loan Processors have the highest salaries in Columbus, OH at about $44,540 per year. For those who are just starting out, the average entry-level salary in Columbus, OH is $25,000. Additionally, Loan Processors make more than the average salary in San Francisco, CA, Baltimore, MD, Mount Laurel, NJ, Richmond, VA, and Pittsburgh, PA. On a more broad level, Loan Processor salaries are highest in Pennsylvania, West Virginia, Delaware, Ohio, Virginia, Maryland, and New Jersey. On the contrary, Arkansas, New Mexico, and Oklahoma offer the lowest Loan Processor salaries.

Average Loan Processor Salary By Company

To earn a high income as a Loan Processor, working for BNP Paribas or Citi might be your best bet, as they are the highest paying companies in this field. In addition, companies like JPMorgan Chase and Associated Banc report highly competitive salaries for Loan Processors.

The largest raises come from changing jobs.

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Loan Processor Salary History

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

Loan Processor Salary By Experience Level

The salary for a Loan Processor can vary depending on the years of experience that a person has, from entry level to senior level. Data on how experience level affects total compensation is provided by the Bureau of Labor Statistics (BLS) as part of their National Compensation Survey, which is based on factors such as knowledge, complexity, contacts, and environment.

Recently Added Loan Processor Salaries

CompanyJobLocationDate AddedSalary
Commercial Loan Processor-Commercial Lending
Commercial Loan Processor-Commercial Lending
06/27/2020
06/27/2020
$33,392
$33,392
06/27/2020
Loan Processor
Loan Processor
06/27/2020
06/27/2020
$41,740
$41,740
06/27/2020
Loan Processor
Loan Processor
06/26/2020
06/26/2020
$39,653
$39,653
06/26/2020
TPI Staffing
TPI Staffing
Loan Processor
Loan Processor
Loan Processor
06/26/2020
06/26/2020
$38,610
$38,610
06/26/2020
Loan Processor-Support
Loan Processor-Support
06/26/2020
06/26/2020
$39,653
$39,653
06/26/2020
Loan Processor
Loan Processor
06/25/2020
06/25/2020
$34,436
$34,436
06/25/2020
Loan Processor
Loan Processor
06/25/2020
06/25/2020
$33,392
$33,392
06/25/2020
Imprimis Group
Imprimis Group
Loan Processor
Loan Processor
Loan Processor
06/25/2020
06/25/2020
$50,000
$50,000
06/25/2020
Remote Loan Processor (Urgent)
Remote Loan Processor (Urgent)
06/25/2020
06/25/2020
$55,000
$55,000
06/25/2020
Remote Loan Processor (Urgent)
Remote Loan Processor (Urgent)
06/25/2020
06/25/2020
$55,000
$55,000
06/25/2020