How much does a Loan Processor I make in Minneapolis, MN?
As of April 01, 2025, the average annual salary for a Loan Processor I in Minneapolis, MN is $45,714. According to Salary.com, salaries can range from a low of $36,124 to a high of $55,799, with most professionals earning between $40,694 and $50,993.
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 |
$48,722 |
$4,060 |
$937 |
$23 |
Average |
$43,679 |
$3,640 |
$840 |
$21 |
25th Percentile |
$38,882 |
$3,240 |
$748 |
$19 |
Last Updated on April 01, 2025
How Does Experience Level Affect a Loan Processor I's Salary?
An entry-level Loan Processor I with under 1 year experience makes about $44,791.
With less than 2 years of experience, a mid-level Loan Processor I makes around $45,316.
After 2-4 years, the Loan Processor I pay rises to about $46,483.
Those senior Loan Processor I with 5-8 years of experience earn roughly $46,717, and those Loan Processor I having 8 years or more experience are expected to earn about $46,872 on average.
Levels |
Salary |
Entry Level Loan Processor I
|
$44,791
|
Intermediate Level Loan Processor I
|
$45,316
|
Senior Level Loan Processor I
|
$46,483
|
Specialist Level Loan Processor I
|
$46,717
|
Expert Level Loan Processor I
|
$46,872
|
$44,791
0 yr
$45,316
< 2 yrs
$46,483
2-4 yrs
$46,717
5-8 yrs
$46,872
> 8 yrs
Last Updated on April 01, 2025
Entry Level
|
3%
|
Mid Level
|
4%
|
Senior Level
|
6%
|
Top Level
|
7%
|
Experienced
|
7%
|
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Last Updated on April 01, 2025