As of March 01, 2025, the average annual salary for a Loan Processor I in South Dakota is $39,271. According to Salary.com, salaries can range from a low of $31,033 to a high of $47,933, with most professionals earning between $34,959 and $43,805.
| Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
|
| 75th Percentile | $48,726 | $4,061 | $937 | $23 |
| Average | $43,683 | $3,640 | $840 | $21 |
| 25th Percentile | $38,886 | $3,241 | $748 | $19 |
An entry-level Loan Processor I with under 1 year experience makes about $38,474. With less than 2 years of experience, a mid-level Loan Processor I makes around $38,926. After 2-4 years, the Loan Processor I pay rises to about $39,928. Those senior Loan Processor I with 5-8 years of experience earn roughly $40,128, and those Loan Processor I having 8 years or more experience are expected to earn about $40,262 on average.
| Levels | Salary |
|---|---|
| Entry Level Loan Processor I | $38,474 |
| Intermediate Level Loan Processor I | $38,926 |
| Senior Level Loan Processor I | $39,928 |
| Specialist Level Loan Processor I | $40,128 |
| Expert Level Loan Processor I | $40,262 |
| Entry Level | 12% |
| Mid Level | 11% |
| Senior Level | 9% |
| Top Level | 8% |
| Experienced | 8% |
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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 25.0% above. The lowest Loan Processor I salary is in Miami, FL, where the Loan Processor I salary is 3.5% lower than national average salary.
| City, State | Price | Compared to national average |
|---|---|---|
| San Francisco, CA | $54,603 |
25.0%
|
| Washington, DC | $48,619 |
11.3%
|
| Miami, FL | $42,154 |
|
| Chicago, IL | $45,823 |
4.9%
|
| Boston, MA | $48,968 |
12.1%
|
| New York, NY | $51,021 |
16.8%
|
