(800) 627 3697 info.eri@erieri.com
Are you working in compensation or HR? See our salary, cost-of-living, and executive pay applications in action. Try our free salary assessor demo.

Loan Processor Salary

$43,260 (USD)

Average Salary


Average Hourly


Average Bonus

Last updated: May 26, 2019

Salary Recap

The average pay for a Loan Processor is $43,260 a year and $21 an hour in the United States. The average salary range for a Loan Processor is between $32,215 and $52,460. On average, a Bachelor's Degree is the highest level of education for a Loan Processor. This compensation analysis is based on salary survey data collected directly from employers and anonymous employees in the United States.

Average Salary Chart

Scroll for Salary Potential, Education and Skills

Job Summary

  • 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.
Loan Processor Job Prevalence in the United States

Job family: Loan Interviewers and Clerks

Job family population: 227,430

Estimated population of Loan Processor jobs: 53,330

Rate of error: 1.6%

Salary Potential

Estimated salary in 2024:
5 Year Change:
16 %



About United States

United States Cost of Living Score:

Description: The United States of America (USA), commonly known as the United States (U.S. or US) or America, is a country comprising 50 states, a federal district, five major self-governing territories, and various possessions. At 3.8 million square miles (9.8 million km2), the United States is the world's third or fourth largest country by total area and is slightly smaller than the entire continent of Europe's 3.9 million square miles (10.1 million km2). With a population of over 327 million people, the U.S. is the third most populous country. The capital is Washington, D.C., and the largest city by population is New York City...

Loan Processor Job Listings for United States

Mortgage Loan Processor
May 24
Dallas, TX, USA
Mortgage Company in DFW
We are looking for a reliable Loan Processor to undertake an intermediary role between potential clients and our financial institution. The goal is to help qualified applicants obtain loans in a ...
Mortgage Loan Processor
May 24
Kent, WA, USA
Parker Staffing
Mortgage Loan Processor needed for a credit union in Kent ****THIS IS NOT A REMOTE POSITION**** Job# ID: 15529 Pay Rate: $21-$22hr Location: Kent, WA Contract: approximately 6 months In this role ...
Loan Processor Assistant
May 23
Queens, NY, USA
Administrative Loan Processor We are seeking to add a Loan Processor to our team! We have a ten year track record of providing excellent service to small businesses nationwide. You will be ...
Loan Processor
May 24
Woodland Hills, CA, USA
Peak Finance Company
Act as liaison between clients, loan officers, real estate agents, etc. * Processors will confirm disclosures are provided within 3 days of taking the application. * Disclosing FHA files, including ...
Senior Loan Processor
May 21
Scottsdale, AZ, USA
Corporate Job Bank
Corporate Job Bank is seeking a DYNAMIC Sr. Loan Processor to join a winning and well established team in Phoenix, Arizona. Our client is one of the largest privately held mortgage companies in the ...
ERI Economic Research Institute compiles the best salary, cost-of-living, and executive compensation survey data available.

Salaries By Location

Similar Job Titles

Are you an Employer?

Free Salary Assessor Product Demo
Are you an HR Professional?
Try our salary assessor and find out how much you should be paying
Explore our most popular jobs
View our most popular salary searches and other resources