Updated Dec 13, 2021

How much does a Loan Processor make?

Updated Dec 13, 2021

Experience

Industry

$59,611 / yrTotal Pay
$46,878 / yrBase Pay
$12,733 / yrAdditional Pay

$59,611

 / yr
$39K$94K
Most Likely Range
Possible Range

The estimated total pay for a Loan Processor is $59,611 per year in the United States area, with an average salary of $46,878 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 $12,733 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 does $59,611 look to you?

Your input helps Glassdoor refine our pay estimates over time.

Related Job Titles

For Loan Processor

Some related job titles are Credit Analyst Salaries with median pay of $62,550, Loan Document Specialist Salaries with median pay of $49,712, Mortgage Loan Processor Salaries with median pay of $69,125, Underwriter Salaries with median pay of $67,066.

Top Paying Companies

For a Loan Processor in United States

Below is the total pay for the top 10 highest paying companies for a Loan Processor in United States. Employers include GoodLeap, Acquia and SoFi.

1
GoodLeap
GoodLeap
$120,018/yr
2
Acquia
$101,532/yr
3
SoFi
$94,529/yr
4
NTFN
$90,193/yr
See pay for all companies for a Loan Processor in United StatesView data as table

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

or
Sort:
Company
Jobs
Total Pay Range
Wells Fargo
3.6
Loan ProcessorSee 203 salaries from all locations

$75,415

 / yr

$62,353

 / yr

$33

 / hr

$59,433

 / yr

$66,836

 / yr

$72,906

 / yr

$66,378

 / yr

Is this salary info helpful?

Let’s pay it forward! The Glassdoor community relies on people like you to share accurate salary info to promote fair compensation everywhere

Share Salary Anonymously

$68,459

 / yr

$64,946

 / yr

$59,101

 / yr

$71,219

 / yr

$67,055

 / yr

$71,521

 / yr

$63,495

 / yr

$68,705

 / yr

$72,289

 / yr

$70,165

 / yr

$61,298

 / yr

$66,759

 / yr

$67,850

 / yr
Download as data table
Viewing 1 - 20 of 2,120

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.

A Loan processor salary range in US can vary based on important factors such as education, skills, certifications, and years of experience. A Loan processor in US can expect to see an entry level salary range of $29,917 to $52,340 per year, based on 7 salary contributions. At the highest seniority level, an experienced Loan processor in US can make a salary range of $31,327 to $90,598 with at least 5 years of experience, based on 37 salary contributions. The top 3 companies in US where a Loan processor gets the highest compensation are The Judge Group, Inc., Mutual of Omaha Mortgage and Sovereign Lending Group Inc.. Bigger companies typically pay 8.4% less than smaller companies for a Loan processor.

Recent Salaries Shared

For loan processor

Salary Share
Anonymously share your pay to help the community

Job Title

Location

Total Pay

Base Pay | Additional Pay

Total Years of Experience

Years at Recent Employer

Submitted

Date of Time

Order Processor

United States of America

 | <1 year

$35,360

/yr

SubmittedYesterday

<1 year
Yesterday
Loan Processor

United States of America

 | 1-3 years

$60,000

/yr

SubmittedYesterday

1-3 years
Yesterday
Mortgage Loan Processor

United States of America

 | 10-14 years

$78,000

/yr

$68K | $10K

SubmittedYesterday

10-14 years
Yesterday
Mortgage Loan Processor

United States of America

 | 1-3 years

$131,000

/yr

$81K | $50K

SubmittedYesterday

1-3 years
Yesterday
Order Processor

United States of America

 | 1-3 years

$17

/hr

SubmittedYesterday

1-3 years
Yesterday
Loan Analyst

United States of America

 | 1-3 years

$55,000

/yr

SubmittedYesterday

1-3 years
Yesterday
Mortgage Closer

United States of America

 | 1-3 years

$85,000

/yr

$65K | $20K

SubmittedYesterday

1-3 years
Yesterday
Mortgage Closer

United States of America

 | 4-6 years

$23

/hr

SubmittedYesterday

4-6 years
Yesterday
Loan Processor

United States of America

 | 1-3 years

$230,000

/yr

$50K | $180K

SubmittedYesterday

1-3 years
Yesterday

Loan Processor pay FAQ

The national average salary for a Loan Processor is $46,878 per year in United States. Filter by location to see a Loan Processor salaries in your area. Salaries estimates are based on 6688 salaries submitted anonymously to Glassdoor by a Loan Processor employees.

The highest salary for a Loan Processor in United States is $70,489 per year.

The lowest salary for a Loan Processor in United States is $31,175 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.