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)
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 experience | Per 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
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Highest paying cities for Loan Processors in United States
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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
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 ratings55% 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 openingsAverage $186,207 per year
Mortgage Loan Originator
6,690 job openingsAverage $163,451 per year
Loan Specialist
3,155 job openingsAverage $44,569 per year
Mortgage Processor
21,238 job openingsAverage $53,267 per year
Mortgage Specialist
1,482 job openingsAverage $20.17 per hour
Loan Assistant
7,442 job openingsAverage $62,870 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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