How much does a Loan Processor I make in Brookings, SD?
As of April 01, 2025, the average annual salary for a Loan Processor I in Brookings, SD is $38,978. According to Salary.com, salaries can range from a low of $33,311 to a high of $45,372, with most professionals earning between $36,012 and $42,325.
How much does a Loan Processor I make by hour, week, month, and year?
Salary.com provides you with accurate and diversified Loan Processor I salary data based on specialized databases to help you get a fairer salary.
Click the switch button below to see more details about Loan Processor I hourly pay, weekly pay, monthly pay and so on.
Last Updated on April 01, 2025
|
Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
75th Percentile |
$47,412 |
$3,951 |
$912 |
$23 |
Average |
$43,663 |
$3,639 |
$840 |
$21 |
25th Percentile |
$40,340 |
$3,362 |
$776 |
$19 |
How Does Experience Level Affect a Loan Processor I's Salary?
An entry-level Loan Processor I with under 1 year experience makes about $38,757.
With less than 2 years of experience, a mid-level Loan Processor I makes around $39,078.
After 2-4 years, the Loan Processor I pay rises to about $39,827.
Those senior Loan Processor I with 5-8 years of experience earn roughly $39,977, and those Loan Processor I having 8 years or more experience are expected to earn about $40,077 on average.
Levels |
Salary |
Entry Level Loan Processor I
|
$38,757
|
Intermediate Level Loan Processor I
|
$39,078
|
Senior Level Loan Processor I
|
$39,827
|
Specialist Level Loan Processor I
|
$39,977
|
Expert Level Loan Processor I
|
$40,077
|
$38,757
0 yr
$39,078
< 2 yrs
$39,827
2-4 yrs
$39,977
5-8 yrs
$40,077
> 8 yrs
Last Updated on April 01, 2025
Entry Level
|
11%
|
Mid Level
|
11%
|
Senior Level
|
9%
|
Top Level
|
8%
|
Experienced
|
8%
|
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Last Updated on April 01, 2025