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Loan Processor salary in United States

How much does a Loan Processor make in the United States?

Average base salary

$50,829
Non-cash benefit
401(k)
View more benefits

The average salary for a loan processor is $50,829 per year in the United States. 2.3k salaries reported, updated at August 15, 2022.

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Salaries by years of experience in the United States

Years of experiencePer year
Less than 1 year
1 to 2 years
3 to 5 years
6 to 9 years
More than 10 years
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Top companies for Loan Processors in United States

  1. Allied First Bank
    3.4star
    32 reviews12 salaries reported
    $126,889per year
  2. $118,063per year
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Highest paying cities for Loan Processors in United States

  1. Phoenix, AZ
    $68,096 per year
    17 salaries reported
  2. Tampa, FL
    $60,614 per year
    33 salaries reported
  3. San Diego, CA
    $59,598 per year
    16 salaries reported
  1. Charlotte, NC
    $56,784 per year
    13 salaries reported
  2. Denver, CO
    $56,362 per year
    28 salaries reported
  3. Irving, TX
    $51,773 per year
    7 salaries reported
  1. Houston, TX
    $49,974 per year
    49 salaries reported
  2. Las Vegas, NV
    $47,893 per year
    29 salaries reported
  3. Chicago, IL
    $45,109 per year
    88 salaries reported
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Where can a Loan Processor earn more?

Compare salaries for Loan Processors in different locations
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Best-paid skills and qualifications for Loan Processors

Top skills
Microsoft Powerpoint
+27.23%salary

More critical skills and qualifications that pay well

Top SkillsSalaryJob openingsCompanies
38 jobs54
206 jobs370
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Most common benefits for Loan Processors

  • 401(k)
  • 401(k) matching
  • Dental insurance
  • Disability insurance
  • Employee assistance program
  • Flexible spending account
  • Health insurance
  • Health savings account
  • Life insurance
  • Paid time off
  • Referral program
  • Retirement plan
  • Tuition reimbursement
  • Vision insurance
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Salary satisfaction

Based on 306 ratings

55% of Loan Processors in the United States think their salaries are enough for the cost of living in their area.

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How much do similar professions get paid in United States?

Loan Officer

39,056 job openings

Average $186,207 per year

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Common questions about salaries for a Loan Processor

How can I know if I am being paid fairly as a loan processor?

If you’re unsure about what salary is appropriate for a loan processor, visit Indeed's Salary Calculator to get a free, personalized pay range based on your location, industry and experience.

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Do loan processors earn commissions?

Yes, loan processors can and do earn commissions. This will largely depend on the remuneration agreement with their employers. Usually, loan processors get paid either for each loan file application executed or through a salary which comes with a bonus for a particular volume of monthly funded loans.

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How much do similar professions to loan processor get paid?

Check the below indeed career pages for the detailed pay ranges for the similar professions here:

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