Find higher paying jobs for loan processor

How much does a Loan Processor make?

Updated Sep 23, 2021

Industry

Employer Size

Experience

$48,046 /yr
Average Base Pay

4,153 salaries

$33K

Low

$48K

Average

$70K

High

No additional cash compensation has been reported for this role

The national average salary for Loan Processor is $48,046 per year in United States. Filter by location to see Loan Processor salaries in your area. Salaries estimates are based on 4153 salaries submitted anonymously to Glassdoor by Loan Processor employees.

Seniority Levels

L2
Loan Processor$48,046 /yr
L3
Senior Loan Processor$58,170 /yr
L4
Loan Processor IV$46,754 /yr
Career Path

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Related Job Titles

Credit Analyst

$56,398

per year

Loan Document Specialist

$41,484

per year

Mortgage Loan Processor

$47,796

per year

Underwriter

$65,074

per year

Salaries by Company

Location

or

Find a Specific Employer

Sort:

Company

Average Base Salary in (USD)

Range

Aerotek
3.5

Aerotek

Loan Processor

$52,292

 /yr
Range: $34K - $120K
163 salaries
See 165 salaries from all locations

$34K

$120K

$34,051 - $120,177 Range

Wells Fargo
3.6

Wells Fargo

Loan Processor

$47,124

 /yr
Range: $32K - $73K

$32K

$73K

$32,295 - $72,694 Range

Prime Consulting

Loan Processor

$54,246

 /yr
Range: $48K - $57K

$48K

$57K

$47,618 - $56,928 Range

firstPRO
3.9

firstPRO

Loan Processor

$74,486

 /yr
Range: $45K - $85K

$45K

$85K

$44,691 - $85,126 Range

Accounting Principals
4.2

Accounting Principals

Loan Processor

$39,725

 /yr
Range: $35K - $49K

$35K

$49K

$34,760 - $48,948 Range

Bank of America
4

Bank of America

Loan Processor

$49,030

 /yr
Range: $40K - $67K

$40K

$67K

$40,374 - $66,768 Range

Fairway Independent Mortgage
4.2

Fairway Independent Mortgage

Loan Processor

$55,201

 /yr
Range: $27K - $98K

$27K

$98K

$26,602 - $98,427 Range

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J.P. Morgan
4

J.P. Morgan

Loan Processor

$51,218

 /yr
Range: $36K - $108K

$36K

$108K

$36,271 - $108,443 Range

4

MTG Services (GA)

Loan Processor

$67,472

 /yr
Range: $67K - $69K

$67K

$69K

$66,800 - $69,165 Range

NVR
4.1

NVR

Loan Processor

$56,378

 /yr
Range: $50K - $71K

$50K

$71K

$50,000 - $71,104 Range

PHH Mortgage
3.1

PHH Mortgage

Loan Processor

$52,966

 /yr
Range: $39K - $67K

$39K

$67K

$39,448 - $67,308 Range

PrimeLending
4.3

PrimeLending

Loan Processor

$52,770

 /yr
Range: $42K - $67K

$42K

$67K

$42,176 - $66,505 Range

Movement Mortgage
3.9

Movement Mortgage

Loan Processor

$42,369

 /yr
Range: $30K - $60K

$30K

$60K

$29,719 - $60,289 Range

SunTrust
3.7

SunTrust

Loan Processor

$44,725

 /yr
Range: $41K - $57K

$41K

$57K

$41,040 - $56,908 Range

loanDepot
3.8

loanDepot

Loan Processor

$56,020

 /yr
Range: $36K - $85K

$36K

$85K

$35,700 - $85,126 Range

Mr. Cooper
3.6

Mr. Cooper

Loan Processor

$42,563

 /yr
Range: $40K - $109K

$40K

$109K

$40,000 - $108,861 Range

U.S. Bank
3.7

U.S. Bank

Loan Processor

$46,909

 /yr
Range: $30K - $60K

$30K

$60K

$29,789 - $59,836 Range

Network Capital
4.3

Network Capital

Loan Processor - Hourly

$16

 /hr
Range: $9 - $91

$9

$91

$9 - $91 Range

DHI Mortgage
4.3

DHI Mortgage

Loan Processor

$47,000

 /yr
Range: $28K - $58K

$28K

$58K

$28,406 - $58,386 Range

DISYS
4

DISYS

Loan Processor - Hourly

$20

 /hr
Range: $15 - $32

$15

$32

$15 - $32 Range

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Frequently asked questions about a Loan Processor salaries

The national average salary for a Loan Processor is $48,046 per year in United States. Filter by location to see a Loan Processor salaries in your area. Salaries estimates are based on 4153 salaries submitted anonymously to Glassdoor by a Loan Processor employees.

The highest salary for a Loan Processor in United States is $70,476 per year.

The lowest salary for a Loan Processor in United States is $32,754 per year.

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

Recent Salary Reports

Below are the most recent loan processor salary reports. Employer name has been removed to protect anonymity.

$18
hourly
An Order Processor in the New Iberia, LA Area area reported making $18 per hour
Job Highlights
3-4 years experience
New Iberia, LA Area area
Temporary
 
1 to 50 employees
Company - Private
$15
hourly
An Order Processor in the Oklahoma City, OK Area area reported making $15 per hour
Additional Pay
$3k cash bonus
Job Highlights
5-7 years experience
Oklahoma City, OK Area area
Full-time
 
10000+ employees
Company - Public
$21
hourly
A Loan Processor in the San Francisco, CA Area area reported making $21 per hour
Job Highlights
1-2 years experience
San Francisco, CA Area area
Temporary
 
10000+ employees
Subsidiary or Business Segment
$20
hourly
A Loan Processor in the Salt Lake City, UT Area area reported making $20 per hour
Additional Pay
$216k commissions
Job Highlights
5-7 years experience
Salt Lake City, UT Area area
Full-time
 
201 to 500 employees
Company - Private
$50,000
per year
A Loan Processor in the Monroe, MI Area area reported making $50,000 per year
Job Highlights
3-4 years experience
Monroe, MI Area area
Full-time
 
1001 to 5000 employees
Company - Private
$18
hourly
A Loan Coordinator in the Salt Lake City, UT Area area reported making $18 per hour
Job Highlights
3-4 years experience
Salt Lake City, UT Area area
Full-time
 
201 to 500 employees
Company - Private
$19
hourly
A Loan Processor in the Phoenix, AZ Area area reported making $19 per hour
Job Highlights
1-2 years experience
Phoenix, AZ Area area
Full-time
 
10000+ employees
Company - Public
$2,400
monthly
A Closer in the Los Angeles, CA Area area reported making $2,400 per month
Additional Pay
$50k cash bonus
Job Highlights
1-2 years experience
Los Angeles, CA Area area
Full-time
 
10000+ employees
Company - Public