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Banking Loan Processor Salary
in Illinois, United States

$44,476 (USD)

Average Salary

$21/hr

Average Hourly

$921

Average Bonus

Last updated: July 22, 2019

Salary Recap

The average pay for a Banking Loan Processor is $44,476 a year and $21 an hour in Illinois, United States. The average salary range for a Banking Loan Processor is between $33,120 and $53,933. 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 Illinois, United States.

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Job Summary

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 Illinois, United States

Job family: Loan Interviewers and Clerks

Job family population: 227,430

Estimated population of Banking Loan Processor jobs: 53,330

Rate of error: 1.6%

Salary Potential

Estimated salary in 2024:
$51,559
5 Year Change:
16 %

Average Salary Chart

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Education

Skills

About Illinois, United States

Illinois Cost of Living Score:

Description: Illinois ( (listen) IL-ə-NOY) is a state in the Midwestern and Great Lakes regions of the United States. It has the fifth largest gross domestic product (GDP), the sixth largest population, and the 25th largest land area of all U.S. states. Illinois has been noted as a microcosm of the entire United States. With Chicago in northeastern Illinois, small industrial cities and immense agricultural productivity in the north and center of the state, and natural resources such as coal, timber, and petroleum in the south, Illinois has a diverse economic base, and is a major transportation hub. Chicagoland, Chicago's metropolitan...

Banking Loan Processor Job Listings for Illinois, United States

LOAN PROCESSOR
Jul 8
Mascoutah, United States
Citizens Community Bank
Loan Processor Citizens Community Bank, Mascoutah, IL, is seeking a hard-working, dedicated Loan Processor to join our team. Responsibilities include all back room loan operation functions. The Loan ...
Farm Management Assistant / Loan Processor
Jun 19
Pontiac, IL, USA
Bank of Pontiac
Bank of Pontiac is a Community Bank in Central Illinois Looking for an assistant in our Farm ... Willingness to learn farm management software, loan processing and banksoftware programs will be ...
Mortgage Loan Officer
Jul 19
Des Plaines, IL, USA
First Savings Bank
... process * File loan applications and supporting documents * Develop referral networks to locate prospects for loans ​ Qualifications: * Previous experience in finance, banking, or other related ...
Loan Servicing Specialist I
Jul 18
Rockford, IL, USA
Midland States Bank
Processes loan payments. * Performs loan research; able to answer and resolve basic inquiries. * Scans, files, and re-files documents in the bank's imaging system as related to loan servicing tasks ...
Loan Support Assistant
Jun 21
Waterloo, IL, USA
STATE BANK OF WATERLOO
... banking application, word processing, and spreadsheet software. Honors State Bank philosophies, policies and expectations regarding core values, customer service, human resource policies and code of ...

Salary Recap

The average pay for a Banking Loan Processor is $44,476 a year and $21 an hour in Illinois, United States. The average salary range for a Banking Loan Processor is between $33,120 and $53,933. 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 Illinois, United States.

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Salaries By Location

Banking Loan Processor

Salaries By Location

Banking Loan Processor
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Banking Loan Processor

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Banking Loan Processor Job Listings for Illinois, United States

LOAN PROCESSOR
Jul 8
Mascoutah, United States
Citizens Community Bank
Loan Processor Citizens Community Bank, Mascoutah, IL, is seeking a hard-working, dedicated Loan Processor to join our team. Responsibilities include all back room loan operation functions. The Loan ...
Farm Management Assistant / Loan Processor
Jun 19
Pontiac, IL, USA
Bank of Pontiac
Bank of Pontiac is a Community Bank in Central Illinois Looking for an assistant in our Farm ... Willingness to learn farm management software, loan processing and banksoftware programs will be ...
Explore our most popular jobs
View our most popular salary searches and other resources