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

7.7k salaries reported, updated at July 31, 2021
$53,647
per year

The average salary for a loan processor is $53,647 per year in the United States.

Most common benefits

  • Military leave
  • Work from home
  • Vision insurance
  • 401(k) matching
  • Dental insurance
Was the salaries overview information useful?

Salaries by years of experience in the United States

Was the years of experience information useful?

View job openings with the years of experience that is relevant to you on Indeed

Where can a Loan Processor earn more?

Compare salaries for Loan Processors in different locations
vs
Was this information useful?

More critical skills and qualifications that pay well

Information tooltip for top skills.Top skillsMicrosoft Powerpoint+27.23%salary
Top skill
Salary
Job openings
Companies
Microsoft Powerpoint
+27.23%
54Company icon
Underwriting
+12.65%
370Company icon
Was this information useful?

Most common benefits for Loan Processors

  • Military leave
  • Work from home
  • Vision insurance
  • 401(k) matching
  • Dental insurance
  • 401(k)
  • AD&D insurance
  • Employee assistance program
  • Disability insurance
  • Paid time off
  • Health insurance
  • Employee stock purchase plan
Was the benefit information useful?

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

Was this information useful?
How much should you be earning?
Get an estimated calculation of how much you should be earning and insight into your career options.
Get estimated pay range
See more details

Frequently asked questions

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.

Was this answer helpful?

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.

Was this answer helpful?

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:

Was this answer helpful?