As of April 01, 2025, the average annual salary for a Loan Processor I in New York is $46,418. According to Salary.com, salaries can range from a low of $39,669 to a high of $54,032, with most professionals earning between $42,885 and $50,404.
| 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 |
An entry-level Loan Processor I with under 1 year experience makes about $46,155. With less than 2 years of experience, a mid-level Loan Processor I makes around $46,537. After 2-4 years, the Loan Processor I pay rises to about $47,429. Those senior Loan Processor I with 5-8 years of experience earn roughly $47,608, and those Loan Processor I having 8 years or more experience are expected to earn about $47,727 on average.
| Levels | Salary |
|---|---|
| Entry Level Loan Processor I | $46,155 |
| Intermediate Level Loan Processor I | $46,537 |
| Senior Level Loan Processor I | $47,429 |
| Specialist Level Loan Processor I | $47,608 |
| Expert Level Loan Processor I | $47,727 |
| Entry Level | 6% |
| Mid Level | 7% |
| Senior Level | 9% |
| Top Level | 9% |
| Experienced | 9% |
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Loan Processor I salary varies from city to city. Compared with national average salary of Loan Processor I, the highest Loan Processor I salary is in San Francisco, CA, where the Loan Processor I salary is 24.9% above. The lowest Loan Processor I salary is in Miami, FL, where the Loan Processor I salary is 3.9% lower than national average salary.
| City, State | Price | Compared to national average |
|---|---|---|
| San Francisco, CA | $54,531 |
24.9%
|
| Washington, DC | $48,344 |
10.7%
|
| Miami, FL | $41,951 |
|
| Chicago, IL | $45,121 |
3.3%
|
| Boston, MA | $48,697 |
11.5%
|
| New York, NY | $50,601 |
15.9%
|
