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Banking Loan Processor Salary

$43,237 (USD)

Average Salary

$21/hr

Average Hourly

$895

Average Bonus

Last updated: December 12, 2019

The average pay for a Banking Loan Processor is $43,237 a year and $21 an hour in the United States. The average salary range for a Banking Loan Processor is between $32,197 and $52,431. On average, a Bachelor's Degree is the highest level of education for a Banking Loan Processor. This compensation analysis is based on salary survey data collected directly from employers and anonymous employees in the United States.

ERI’s compensation data are based on salary surveys conducted and researched by ERI. Cost of labor data in the Assessor Series are based on actual housing sales data from commercially available sources, plus rental rates, gasoline prices, consumables, medical care premium costs, property taxes, effective income tax rates, etc.

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Description:
  • Performs clerical and administrative support activities related to obtaining loans for borrowers.
  • Prepares papers and assembles documents to obtain loans for borrowers.
  • Forwards applications for loans, construction plans, credit ratings, and other related documents to loan company for approval.
  • Draws up closing papers.
  • Records deeds with title company and municipal authorities.
Banking Loan Processor Job Prevalence in the United States

Job family: Loan Interviewers and Clerks

Job family population: 222,620

Estimated population of Banking Loan Processor jobs: 52,202

Rate of error: 1.6%

Estimated salary in 2024:
$50,123
5 Year Change:
16 %
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About United States

United States Cost of Living Score:

Banking Loan Processor Job Listings for United States

Residential Mortgage Loan Processor for Bergen County Mortgage Banker
Dec 9
Newark, NJ, USA
Approved Funding Corp.
... LOAN PROCESSOR for its River Edge, NJ office. Candidate must have recent experience as a ... Banking Departments. Please email resume or for more info, visit us on the web @ www ...
Commercial Loan Processor
Nov 5
Saint Cloud, MN, USA
Sherburne State Bank
Sherburne State Bank is seeking an experienced loan processor who will be based out of our Becker, MN location. Responsibilities include: * Requesting work orders, coordinating closings and remitting ...
Loan Processor
Dec 10
Plano, TX, USA
Calance US
We are hiring a Loan Processor for a Contract position in Plano, TX FOR IMMEDIATE DETAILS ABOUT ... retail banking experience required 1+ years in direct client contact in a customer service ...
Mortgage Loan Processor
Dec 4
Rehoboth Beach, DE, USA
County Bank
Process the approved new bank loans and secondary market mortgages. This includes preparing loan papers, notes, mortgages and related documents, disbursing proceeds, establishing necessary collateral ...
Senior Loan Processor
Dec 9
Overland Park, KS, USA
Staffing Kansas City
Loan processors ensure the timely and accurate packaging of all loans originated by our loan ... Ensuring adherence to company policies and procedures and Banking regulations. 15. Performs ...

The average pay for a Banking Loan Processor is $43,237 a year and $21 an hour in the United States. The average salary range for a Banking Loan Processor is between $32,197 and $52,431. On average, a Bachelor's Degree is the highest level of education for a Banking Loan Processor. This compensation analysis is based on salary survey data collected directly from employers and anonymous employees in the United States.

ERI’s compensation data are based on salary surveys conducted and researched by ERI. Cost of labor data in the Assessor Series are based on actual housing sales data from commercially available sources, plus rental rates, gasoline prices, consumables, medical care premium costs, property taxes, effective income tax rates, etc.

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Salaries By Location

Banking Loan Processor
Banking Loan Processor
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Banking Loan Processor
Banking Loan Processor
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Residential Mortgage Loan Processor for Bergen County Mortgage Banker
Dec 9
Newark, NJ, USA
Approved Funding Corp.
... LOAN PROCESSOR for its River Edge, NJ office. Candidate must have recent experience as a ... Banking Departments. Please email resume or for more info, visit us on the web @ www ...
Commercial Loan Processor
Nov 5
Saint Cloud, MN, USA
Sherburne State Bank
Sherburne State Bank is seeking an experienced loan processor who will be based out of our Becker, MN location. Responsibilities include: * Requesting work orders, coordinating closings and remitting ...
Explore our most popular jobs
View our most popular salary searches and other resources