How much does a Direct Loan Processor make?

Updated Oct 29, 2023

Experience

Industry

Total Pay Range
$67K - $112K/yr
Base Pay
$61K - $100K/yr
Additional Pay
$7K - $13K/yr

$87K

/yr
$67K$112K
Most Likely Range

The estimated total pay for a Direct Loan Processor is $86,625 per year in the United States area, with an average salary of $77,687 per year. These numbers represent the median, which is the midpoint of the ranges from our proprietary Total Pay Estimate model and based on salaries collected from our users. The estimated additional pay is $8,937 per year. Additional pay could include cash bonus, commission, tips, and profit sharing. The "Most Likely Range" represents values that exist within the 25th and 75th percentile of all pay data available for this role.

How accurate is this most likely Total Pay range (base + additional) of $67K-$112K/yr?

Total Pay Trajectory

For Director of Loan Processing

$137,170 /yr
Director of Loan Processing
$225,472 /yr
Vice President of Loan Processing
$57,748 /yr
Executive Loan Processor
See Full Career Path

Download as data table

What is the total pay trajectory for Director of Loan Processing?

Job TitleSalary
Director of Loan Processing$137,170 /yr
Vice President of Loan Processing$225,472 /yr
Executive Loan Processor$57,748 /yr
Total Pay Trajectory

For Director of Loan Processing

$137,170 /yr
Director of Loan Processing
$225,472 /yr
Vice President of Loan Processing
$57,748 /yr
Executive Loan Processor
See Full Career Path

Download as data table

What is the total pay trajectory for Director of Loan Processing?

Job TitleSalary
Director of Loan Processing$137,170 /yr
Vice President of Loan Processing$225,472 /yr
Executive Loan Processor$57,748 /yr

What are total pay estimates for a Direct Loan Processor at different companies?

or
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Company
Jobs
Total Pay Range
loanDepot
3.3
Direct Loan ProcessorSee 15 salaries from all locations

$23

 / hr
Neighbors Federal Credit Union
3.7
Direct Loan ProcessorSee 1 salaries from all locations

$48,478

 / yr

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Download as data table

Direct Loan Processor Salaries

Job TitleSalary
loanDepot Direct Loan Processor salaries - 15 salaries reported$23/hr
Neighbors Federal Credit Union Direct Loan Processor salaries - 1 salaries reported$48,478/yr
Viewing 1 - 20 of 20

Glassdoor Economist Pay Overview

What is the pay outlook for Finance & Accounting?

Jobs in finance and accounting are expected to see continued demand, with employment growth linked to the health of the broader economy. These jobs will continue to offer above average pay but usually require higher education or certification to enter the field. While automation will replace many common tasks, it is not expected to reduce the need for these employees; it will instead allow them to focus on core soft skills like advising clients and analyzing trends.

Recent Salaries Shared

For director loan processor

Salary Share
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Job Title

Location

Total Pay

Base Pay | Additional Pay

Total Years of Experience

Years at Recent Employer

Submitted

Date or Time

Home Loan Processor

United States of America

 | 1-3 years

$60,000

/yr

Submitted Yesterday

1-3 years
Yesterday
Closer

United States of America

 | 1-3 years

$36,000

/yr

Submitted Yesterday

1-3 years
Yesterday
Loan Review Analyst

United States of America

 | <1 year

$40,000

/yr

Submitted Yesterday

<1 year
Yesterday
Mortgage Loan Closer

United States of America

 | 10-14 years

$30,000

/yr

Submitted Yesterday

10-14 years
Yesterday
Closer

United States of America

 | 15+ years

$53,000

/yr

Submitted Yesterday

15+ years
Yesterday
Funder

United States of America

 | 1-3 years

$21

/hr

Submitted Yesterday

1-3 years
Yesterday
Mortgage Closer

United States of America

 | 4-6 years

$30,000

/yr

Submitted Yesterday

4-6 years
Yesterday
SOS/Credit Coordinator

United States of America

 | 15+ years

$65,000

/yr

Submitted Yesterday

15+ years
Yesterday
Mortgage Loan Processor

United States of America

 | 1-3 years

$5,027

/hr

$27 | $5K

Submitted Yesterday

1-3 years
Yesterday

Direct Loan Processor pay FAQ

The average salary for a Direct Loan Processor is $86,625 per year in United States. Salaries estimates are based on 16 salaries submitted anonymously to Glassdoor by a Direct Loan Processor employees in United States.

The highest salary for a Direct Loan Processor in United States is $112,240 per year.

The lowest salary for a Direct Loan Processor in United States is $67,221 per year.

If you are thinking of becoming a Direct Loan Processor or planning the next step in your career, find details about the role, the career path and salary trajectory of a Direct Loan Processor.

Salaries

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director loan processor