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Loan processor salary in United States

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

Average base salary

Average $52,483
Low $38,447
High $71,643
Non-cash benefit
View more benefits

The average salary for a loan processor is $52,483 per year in the United States. 1.6k salaries reported, updated at November 29, 2023

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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
View job openings with the years of experience that is relevant to you on Indeed
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Top companies for Loan Processors in United States

  1. ACS solutions
    36 reviews174 salaries reported
    $67,882per year
  2. $61,519per year
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Highest paying cities for Loan Processors near United States

  1. Jacksonville, FL
    $62,544 per year
    17 salaries reported
  2. San Diego, CA
    $56,439 per year
    18 salaries reported
  3. Denver, CO
    $56,195 per year
    26 salaries reported
  1. Phoenix, AZ
    $55,643 per year
    17 salaries reported
  2. Atlanta, GA
    $54,034 per year
    15 salaries reported
  3. Irvine, CA
    $52,899 per year
    14 salaries reported
  1. Plano, TX
    $52,243 per year
    6 salaries reported
  2. Austin, TX
    $49,770 per year
    22 salaries reported
  3. Chicago, IL
    $49,463 per year
    34 salaries reported
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Where can a Loan Processor earn more?

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

Top skills
Microsoft Powerpoint

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

Job openings

Average $183,578 per year

Loan Servicing Specialist

Job openings

Average $21.02 per hour

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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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