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Senior loan processor salary
Average senior loan processor salary
$50,297
Understanding Senior Loan Processor Salaries
The average salary for a Senior Loan Processor in the United States is $50,297 annually. Salaries can vary significantly based on factors such as location, experience, and specific employers. For instance, states like California and New York often offer higher wages due to the cost of living and demand for skilled professionals.
In addition to base salary, senior loan processors may also receive bonuses and commissions based on performance. This can contribute significantly to their overall earnings. Job responsibilities include reviewing loan applications, verifying financial information, and communicating with clients and lenders throughout the loan process.
As demand for housing continues to grow, the need for qualified loan processors remains strong. Those interested in pursuing a career in this field should focus on developing skills in finance, customer service, and regulatory compliance. Continued education and certifications can also enhance job prospects, making candidates more competitive in this evolving market.
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Where can a Senior Loan Processor earn more?
Senior loan processor salary estimates from across the web
Average senior loan processor salary by state
The average senior loan processor salary in Hawaii, Maryland, and New York are the highest in the U.S. The lowest average senior loan processor salary states are Colorado, Nebraska, and Alabama.
- State view
- County view
Highest paying states for senior loan processors
| Rank | State | Avg. salary | Hourly rate |
|---|---|---|---|
| 1 | Texas | $61,023 | $29.34 |
| 2 | Nevada | $52,776 | $25.37 |
| 3 | South Dakota | $53,082 | $25.52 |
| 4 | Maryland | $66,866 | $32.15 |
| 5 | Rhode Island | $52,908 | $25.44 |
| 6 | Hawaii | $66,904 | $32.17 |
| 7 | California | $59,832 | $28.77 |
| 8 | New Mexico | $62,745 | $30.17 |
| 9 | New Jersey | $57,134 | $27.47 |
| 10 | Michigan | $50,811 | $24.43 |
| 11 | Ohio | $50,517 | $24.29 |
| 12 | New York | $62,945 | $30.26 |
| 13 | Oregon | $53,940 | $25.93 |
| 14 | Arkansas | $56,804 | $27.31 |
| 15 | Wyoming | $48,514 | $23.32 |
| 16 | North Carolina | $53,428 | $25.69 |
| 17 | Connecticut | $56,281 | $27.06 |
| 18 | Washington | $53,505 | $25.72 |
| 19 | Missouri | $49,921 | $24.00 |
| 20 | Virginia | $55,520 | $26.69 |
| 21 | Florida | $49,317 | $23.71 |
| 22 | West Virginia | $49,706 | $23.90 |
| 23 | District of Columbia | $57,725 | $27.75 |
| 24 | Maine | $45,553 | $21.90 |
| 25 | Tennessee | $45,359 | $21.81 |
| 26 | Montana | $46,476 | $22.34 |
| 27 | Wisconsin | $48,133 | $23.14 |
| 28 | Kansas | $46,584 | $22.40 |
| 29 | North Dakota | $42,980 | $20.66 |
| 30 | Delaware | $45,092 | $21.68 |
| 31 | Massachusetts | $50,756 | $24.40 |
| 32 | Kentucky | $45,242 | $21.75 |
| 33 | Iowa | $43,473 | $20.90 |
| 34 | Pennsylvania | $45,744 | $21.99 |
| 35 | Arizona | $41,701 | $20.05 |
| 36 | Minnesota | $43,240 | $20.79 |
| 37 | Oklahoma | $46,626 | $22.42 |
| 38 | Indiana | $45,234 | $21.75 |
| 39 | Alaska | $42,575 | $20.47 |
| 40 | Colorado | $40,721 | $19.58 |
| 41 | Georgia | $43,550 | $20.94 |
| 42 | Illinois | $41,746 | $20.07 |
| 43 | Utah | $34,660 | $16.66 |
| 44 | Louisiana | $44,140 | $21.22 |
| 45 | Vermont | $42,515 | $20.44 |
| 46 | South Carolina | $41,426 | $19.92 |
| 47 | New Hampshire | $43,085 | $20.71 |
| 48 | Alabama | $38,340 | $18.43 |
| 49 | Nebraska | $39,295 | $18.89 |
| 50 | Mississippi | $38,195 | $18.36 |
| 51 | Idaho | $33,801 | $16.25 |
Highest paying cities for senior loan processors
The highest-paying cities for senior loan processors are Baltimore, MD, New York, NY, and Santa Clara, CA.
| Rank | City | Avg. salary | Hourly rate |
|---|---|---|---|
| 1 | Baltimore, MD | $67,102 | $32.26 |
| 2 | New York, NY | $63,867 | $30.71 |
| 3 | Santa Clara, CA | $62,750 | $30.17 |
| 4 | San Antonio, TX | $61,851 | $29.74 |
| 5 | Arlington, VA | $56,640 | $27.23 |
| 6 | Seattle, WA | $53,883 | $25.91 |
| 7 | Beaverton, OR | $53,387 | $25.67 |
| 8 | Sioux Falls, SD | $53,207 | $25.58 |
| 9 | Cleveland, OH | $51,975 | $24.99 |
| 10 | Charlotte, NC | $51,711 | $24.86 |
| 11 | Dearborn, MI | $51,299 | $24.66 |
| 12 | Boston, MA | $50,365 | $24.21 |
| 13 | Orlando, FL | $49,584 | $23.84 |
| 14 | Harrisburg, PA | $45,579 | $21.91 |
| 15 | Memphis, TN | $45,055 | $21.66 |
| 16 | Cedar Rapids, IA | $43,831 | $21.07 |
| 17 | Evansville, IN | $43,586 | $20.95 |
| 18 | Atlanta, GA | $43,381 | $20.86 |
| 19 | Chicago, IL | $42,012 | $20.20 |
| 20 | Phoenix, AZ | $41,859 | $20.12 |
Senior loan processor salary details
A senior loan processor's salary ranges from $33,000 a year at the 10th percentile to $75,000 at the 90th percentile.
What is a senior loan processor's salary?
| Percentile | Annual salary | Monthly salary | Hourly rate |
|---|---|---|---|
| 90th Percentile | $75,000 | $6,250 | $36 |
| 75th Percentile | $62,000 | $5,167 | $30 |
| Average | $50,297 | $4,191 | $24 |
| 25th Percentile | $40,000 | $3,333 | $19 |
| 10th Percentile | $33,000 | $2,750 | $16 |
Highest paying senior loan processor jobs
The highest paying types of senior loan processors are senior underwriter, underwriter, and mortgage underwriter.
| Job title | Annual salary | Monthly salary | Hourly rate | Job openings |
|---|---|---|---|---|
| Closer | $29,291 | $2,441 | $14.08 | 7,560 |
| Underwriter | $61,751 | $5,146 | $29.69 | 8,510 |
| Mortgage Underwriter | $55,721 | $4,643 | $26.79 | 9,260 |
| Loan Analyst | $37,857 | $3,155 | $18.20 | 24,756 |
| Loan Manager | $39,623 | $3,302 | $19.05 | 11,965 |
| Loan Closer | $39,093 | $3,258 | $18.79 | 11,431 |
Top companies hiring senior loan processors now:
Which companies pay senior loan processors the most?
Senior loan processor salaries at Accenture and RSM US are the highest-paying according to our most recent salary estimates. In addition, the average senior loan processor salary at companies like Sabre and CLEAResult are highly competitive.
| Rank | Company | Average salary | Hourly rate |
|---|---|---|---|
| 1 | Accenture | $99,976 | $48.07 |
| 2 | RSM US | $92,501 | $44.47 |
| 3 | Sabre | $77,052 | $37.04 |
| 4 | CLEAResult | $74,566 | $35.85 |
| 5 | Northrop Grumman | $66,384 | $31.92 |
| 6 | JPMorgan Chase & Co. | $65,639 | $31.56 |
| 7 | DCS | $64,720 | $31.12 |
| 8 | MicroPort | $61,823 | $29.72 |
| 9 | Waltonen Engineering | $61,126 | $29.39 |
| 10 | Amazon | $57,895 | $27.83 |
| 11 | Volkswagen Group of America | $55,961 | $26.90 |
| 12 | CyberCoders | $55,923 | $26.89 |
| 13 | CenterPoint Energy | $53,128 | $25.54 |
| 14 | Bay Equity Home Loans | $52,963 | $25.46 |
| 15 | The PNC Financial Services Group | $52,342 | $25.16 |
| 16 | MSX International | $52,187 | $25.09 |
| 17 | Honeywell | $52,045 | $25.02 |
| 18 | Hometown Lenders | $51,792 | $24.90 |
| 19 | PDS Tech | $51,201 | $24.62 |
| 20 | Jobot | $50,951 | $24.50 |
Wage gap by gender, race and education
Senior loan processor salary trends
The average senior loan processor salary has risen by $4,663 over the last ten years. In 2014, the average senior loan processor earned $45,634 annually, but today, they earn $50,297 a year. That works out to a 0% change in pay for senior loan processors over the last decade.
Compare senior loan processor salaries for cities or states with the national average over time.
Average senior loan processor salary over time
Compare senior loan processor salaries for individual cities or states with the national average.
Senior loan processor salary by year
| Year | Avg. salary | Hourly rate | % Change |
|---|---|---|---|
| 2025 | $50,300 | $24.18 | +1.1% |
| 2024 | $49,800 | $23.92 | +0.4% |
| 2023 | $49,600 | $23.83 | -2.6% |
| 2022 | $50,800 | $24.45 | +1.6% |
| 2021 | $50,100 | $24.06 | +0.3% |
Recently added senior loan processor salaries
| Company | Job | Location | Date added | Salary |
|---|---|---|---|---|
| Enova | Senior Loan Processor (Hybrid) | South Jordan, UT | 06/29/2025 | $45,914 |
| Antech Diagnostics | SR. Specimen Processor (Overnight) | Orlando, FL | 06/28/2025 | $37,232 |
| Pyramid Consulting, Inc. | Senior Processor Imaging | Columbus, OH | 06/28/2025 | $28,175 |
| Vicar Operating Dba VCA | SR. Specimen Processor (Overnight) | Orlando, FL | 06/28/2025 | $37,232 |
| Crosscountry Mortgage | Senior Bilingual Loan Processor | Edinburg, TX | 06/27/2025 | $50,171 |
| University of North Texas System | Senior Admissions Processor-Graduate | Denton, TX | 06/27/2025 | $33,312 |
| Lincoln Financial | SR. Complex Services Processor | Denver, CO | 06/17/2025 | $53,239 |
| Lincoln Financial | SR. Complex Services Processor | Des Moines, IA | 06/17/2025 | $53,239 |
| Lincoln Financial | SR. Complex Services Processor | Trenton, NJ | 06/17/2025 | $53,239 |
| Lincoln Financial | SR. Complex Services Processor | Concord, NH | 06/17/2025 | $53,239 |
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