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Last updated: October 31, 2024
Loan Processor Salary
in Camp Springs, Maryland
This page is an excerpt of the much more complete compensation information available in ERI's Assessor Series.
$60,874 (USD)
Average Salary
$29/hr
Average Hourly
$1,260
Average Bonus
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Last updated: October 31, 2024
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Salary Recap
The average pay for a Loan Processor is $60,874 a year and $29 an hour in Camp Springs, Maryland, United States. The average salary range for a Loan Processor is between $44,559 and $72,561. On average, a High School 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 Camp Springs, Maryland.
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.
Find actuarial salary survey data and benchmark salary and pay.
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Education and Skills
Education and Skills
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Salary Potential
Salary Potential
Estimated salary in 2029:
$68,377
5 Year Change:
12 %
Shift Differentials
Shift Differentials
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About Camp Springs, Maryland
Camp Springs Cost of Living Score:
Description:
Camp Springs is an unincorporated area and census-designated place (CDP) in Prince George's County, Maryland, United States. The population was 22,734 at the 2020 census. Camp Springs is not an official post office designation; the area is divided among the surrounding mailing addresses of Temple Hills, Fort Washington, Clinton, and Suitland.
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.
Loan Processor Job Listings for
No listings found
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Salary Recap
The average pay for a Loan Processor is $60,874 a year and $29 an hour in Camp Springs, Maryland, United States. The average salary range for a Loan Processor is between $44,559 and $72,561. On average, a High School 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 Camp Springs, Maryland.
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.
Find actuarial salary survey data and benchmark salary and pay.
Powered by ERI's Database
Who We Are
ERI Economic Research Institute compiles the best salary, cost-of-living, and executive compensation survey data available.
View our ProductsJob Statistics
Loan Processor Job Prevalence in the United States
Job family: Loan Interviewers and Clerks
Job family population: 203,940
Estimated population of Loan Processor jobs: 20,068
Rate of error: 0.9%
Take the guess work out of setting pay
Determine competitive salary levels, compare employee compensation with market benchmarks, and get instant access to reliable salary survey data online.
About Camp Springs, Maryland
Camp Springs Cost of Living Score:
Description:
Camp Springs is an unincorporated area and census-designated place (CDP) in Prince George's County, Maryland, United States. The population was 22,734 at the 2020 census. Camp Springs is not an official post office designation; the area is divided among the surrounding mailing addresses of Temple Hills, Fort Washington, Clinton, and Suitland.
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.
Loan Processor Job Listings for
No listings found
Who We Are
ERI Economic Research Institute compiles the best salary, cost-of-living, and executive compensation survey data available.
View our ProductsTake the guess work out of setting pay
Determine competitive salary levels, compare employee compensation with market benchmarks, and get instant access to reliable salary survey data online.
You May Also Like
White Papers
National Compensation Forecast October 2024
ERI examines compensation trends and changes for the upcoming year to provide guidance on the expected salary increase for the upcoming year.
Read More
Remote Work, AI, and Compensation Best Practices Survey Results - Spring 2024
Learn how remote work and artificial intelligence changes how organizations approach labor and compensation practices.
Read More
Planning Global Compensation Budgets for 2025
Learn about current global salary trends and salary increases in 2024 to strategically inform your financial planning decision for the upcoming year.
Read More