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Last updated: November 10, 2024
Loan Processor Salary
in Lodi, New Jersey
This page is an excerpt of the much more complete compensation information available in ERI's Assessor Series.
$60,886 (USD)
Average Salary
$29/hr
Average Hourly
$1,260
Average Bonus
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Last updated: November 10, 2024
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Salary Recap
The average pay for a Loan Processor is $60,886 a year and $29 an hour in Lodi, New Jersey, United States. The average salary range for a Loan Processor is between $44,568 and $72,576. 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 Lodi, New Jersey.
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
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Salary Potential
Salary Potential
Estimated salary in 2029:
$68,391
5 Year Change:
12 %
Shift Differentials
Shift Differentials
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About Lodi, New Jersey
Lodi Cost of Living Score:
Description:
Lodi (; LOH-dye) is a borough in Bergen County, in the U.S. state of New Jersey. As of the 2020 United States census, the borough's population was 26,207, an increase of 2,070 (+8.6%) from the 2010 census count of 24,136, which in turn reflected an increase of 165 (+0.7%) from the 23,971 counted in the 2000 census.
Lodi owes its name to the Italian city of Lodi, Lombardy. It was incorporated as a borough on December 22, 1894, from portions of the now-defunct municipalities of Lodi Township (now South Hackensack) and Saddle River Township (now Saddle Brook), at the height of Bergen County's "Boroughitis" phenomenon...
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 $60,886 a year and $29 an hour in Lodi, New Jersey, United States. The average salary range for a Loan Processor is between $44,568 and $72,576. 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 Lodi, New Jersey.
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
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About Lodi, New Jersey
Lodi Cost of Living Score:
Description:
Lodi (; LOH-dye) is a borough in Bergen County, in the U.S. state of New Jersey. As of the 2020 United States census, the borough's population was 26,207, an increase of 2,070 (+8.6%) from the 2010 census count of 24,136, which in turn reflected an increase of 165 (+0.7%) from the 23,971 counted in the 2000 census.
Lodi owes its name to the Italian city of Lodi, Lombardy. It was incorporated as a borough on December 22, 1894, from portions of the now-defunct municipalities of Lodi Township (now South Hackensack) and Saddle River Township (now Saddle Brook), at the height of Bergen County's "Boroughitis" phenomenon...
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