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Job outlook for loan processors in the United States
Loan processor job growth summary. After extensive research, interviews, and analysis, Zippia's data science team found that:
The projected loan processor job growth rate is -3% from 2018-2028.
About -38,500 new jobs for loan processors are projected over the next decade.
Loan processor salaries have increased 7% for loan processors in the last 5 years.
There are over 221,180 loan processors currently employed in the United States.
There are 16,228 active loan processor job openings in the US.
The average loan processor salary is $38,122.
Are loan processor jobs in demand?
Yes, loan processor jobs are in demand. Loan processor demand is projected to grow -3% from 2018 to 2028.
Loan processor job and salary trends over time
Compare the number of loan processor jobs and the average loan processor salary over time.
Loan processor jobs over time
Loan processor job growth rate over time
| Year | # of jobs | % of population |
|---|---|---|
| 2021 | 221,180 | 0.07% |
| 2020 | 191,091 | 0.06% |
| 2019 | 194,485 | 0.06% |
| 2018 | 205,026 | 0.06% |
| 2017 | 208,995 | 0.06% |
Average loan processor salary over time
Loan processor salary by year
| Year | Avg. salary | Hourly rate | % Change |
|---|---|---|---|
| 2025 | $38,122 | $18.33 | +1.8% |
| 2024 | $37,450 | $18.00 | +1.9% |
| 2023 | $36,759 | $17.67 | +2.1% |
| 2022 | $35,994 | $17.30 | +1.1% |
| 2021 | $35,597 | $17.11 | +2.4% |
Loan processor jobs by state
The map below shows you the number of loan processor job openings in each state. The darker areas on the map show where loan processors earn the highest salaries across all 50 states.
Average salary: Job openings:
Most common states for loan processors
| Rank | State | Population | # of jobs | Employment/ 1000ppl |
|---|---|---|---|---|
| 1 | Minnesota | 5,576,606 | 428 | 8% |
| 2 | Rhode Island | 1,059,639 | 69 | 7% |
| 3 | Arizona | 7,016,270 | 424 | 6% |
| 4 | Maine | 1,335,907 | 76 | 6% |
| 5 | Delaware | 961,939 | 56 | 6% |
| 6 | South Dakota | 869,666 | 48 | 6% |
| 7 | North Dakota | 755,393 | 45 | 6% |
| 8 | Missouri | 6,113,532 | 303 | 5% |
| 9 | Colorado | 5,607,154 | 281 | 5% |
| 10 | Utah | 3,101,833 | 167 | 5% |
| 11 | Iowa | 3,145,711 | 160 | 5% |
| 12 | Nebraska | 1,920,076 | 88 | 5% |
| 13 | Montana | 1,050,493 | 49 | 5% |
| 14 | Alaska | 739,795 | 38 | 5% |
| 15 | District of Columbia | 693,972 | 36 | 5% |
| 16 | New Jersey | 9,005,644 | 370 | 4% |
| 17 | Michigan | 9,962,311 | 363 | 4% |
| 18 | Washington | 7,405,743 | 263 | 4% |
| 19 | Maryland | 6,052,177 | 227 | 4% |
| 20 | Nevada | 2,998,039 | 127 | 4% |
Most common cities for loan processors
| Rank | City | # of jobs | Employment/ 1000ppl | Avg. salary |
|---|---|---|---|---|
| 1 | Columbia | 3 | 3% | $44,673 |
| 2 | Frederick | 2 | 3% | $44,503 |
| 3 | Waltham | 2 | 3% | $39,696 |
| 4 | Coeur dAlene | 1 | 2% | $37,031 |
| 5 | Columbus | 1 | 2% | $37,087 |
| 6 | Miami | 5 | 1% | $36,863 |
| 7 | Atlanta | 3 | 1% | $35,700 |
| 8 | Santa Rosa | 2 | 1% | $46,416 |
| 9 | Alexandria | 1 | 1% | $42,941 |
| 10 | Edmond | 1 | 1% | $38,177 |
| 11 | Fort Collins | 1 | 1% | $40,734 |
| 12 | Fort Lauderdale | 1 | 1% | $36,855 |
| 13 | Chicago | 2 | 0% | $37,299 |
| 14 | Dallas | 1 | 0% | $38,815 |
| 15 | Denver | 1 | 0% | $40,937 |