What are the main factors that influence a Loan Processor II's salary?

The primary factors are: 1) Experience Level, 2) Geographic Location, 3) Education/Skills, 4) Company Size & Industry

How does experience change A Loan Processor 's salary?

A Loan Processor 's salary grows with experience: a Loan Processor I (0-1 years)earns $43,654, a Loan Processor II (1-3 years)earns $48,903, a Loan Processor III (3-5 years)earns $59,291, a Loan Processing Supervisor (5+ years)earns $64,075,

What are the highest paying states for a Loan Processor II?

Loan Processor II salary varies significantly by state. The top 3 highest paying states for Loan Processor II roles are District of Columbia $54,145, California $53,940, Massachusetts $53,221. These tech hubs typically pay 10-15% above the national average.

How much do different types of Loan Processor roles make?

Salaries for Loan Processor level roles vary by specialization: Loan Processor III: $59,291; Mortgage Lending Processor II: $50,190; Mortgage Loan Processor II: $50,144; Business Loan Processor II: $49,790; Commercial Lending Processor II: $49,783.

How do different companies affect a Loan Processor II's salary?

Company size, industry, and compensation structure create significant salary variations for Loan Processor II roles. Large, established industry leaders like Kpmg Us LLP ($114,295) and Warner Bros Discovery ($114,096) offer base salaries 35-40% above the national average. In contrast, smaller firms or startups may offer closer to $88,138.

Loan Processor II Salary in the United States

How much does a Loan Processor II make in the United States?

As of August 01, 2026, the average salary for a Loan Processor II in the United States is $48,903 per year, which breaks down to an hourly rate of $24.

However, a Loan Processor II's salary can vary significantly. Here’s a look at the typical salary range:

Top Earners (90th percentile): $58,258
Majority Range (25th-75th percentile): $45,195 to $53,800
Entry-Level (10th percentile): $41,819

10% $41,819

50% (Median) $48,903

90% $58,258

Loan Processor II Salaries by Percentile

	Annual Salary	Monthly Pay	Weekly Pay	Hourly Wage
75th Percentile	$53,800	$4,483	$1,035	$26
Average	$48,903	$4,075	$940	$24
25th Percentile	$45,195	$3,766	$869	$22

Salary Factors Salary-Boosting Skills Salary by Experience Related Job Salaries Top Paying Cities Explore Related Jobs

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Key Factors That Influence Loan Processor II Salaries

A Loan Processor II's salary isn't a fixed number. It's shaped by several important factors. Below, we'll explore how your years of experience, geographic location, education and company size can directly affect your earning potential.

How Experience Level Affects Loan Processor II Salaries?

Experience is a primary driver of a Loan Processor II's salary. As you build your skills and take on more complex tasks, your compensation generally increases. Here's how the average salary grows at different career stages:

Loan Processor I (0-1 years): $43,654
Loan Processor II (1-3 years): $48,903
Loan Processor III (3-5 years): $59,291
Loan Processing Supervisor (5+ years): $64,075

Job Role	Years of Experience	Average Salary
Loan Processor I	0-1 years	$43,654
Loan Processor II	1-3 years	$48,903
Loan Processor III	3-5 years	$59,291
Loan Processing Supervisor	5+ years	$64,075

View as Graph

How Do Loan Processor IIs Salaries Vary from State to State?

Your salary can change significantly depending on where you work. States with a higher cost of living and strong industrial sectors often pay more to attract Loan Processor IIs. For example, consider the average annual salaries in these key locations:

District of Columbia: $54,145.
California: $53,940.
Massachusetts: $53,221.

District of Columbia $54,145 California $53,940 Massachusetts $53,221 Washington $53,026 New Jersey $53,006 Alaska $52,937 Connecticut $52,263 New York $51,989

Hawaii $51,113 Rhode Island $50,703 Maryland $50,424 Minnesota $50,042 Colorado $49,896 Illinois $49,847 Oregon $49,661 Delaware $49,524

New Hampshire $49,438 Virginia $49,245 Pennsylvania $48,683 Nevada $48,399 North Dakota $48,306 Michigan $48,160 Wisconsin $48,106 Vermont $47,998

Texas $47,700 Maine $47,680 Arizona $47,651 Ohio $47,617 Georgia $47,167 Indiana $46,942 Wyoming $46,898 Utah $46,830

Iowa $46,800 Kansas $46,565 Louisiana $46,497 North Carolina $46,473 Missouri $46,463 Florida $46,272 Montana $46,169 Nebraska $46,072

Kentucky $46,018 South Carolina $45,822 Tennessee $45,700 Idaho $45,651 New Mexico $45,294 Oklahoma $45,216 Alabama $44,927 South Dakota $44,443

Arkansas $44,179 West Virginia $44,037 Mississippi $43,612

Top Paying Cities for Loan Processor II

Salaries can also vary between different cities. Major metropolitan areas or cities with a high demand for technicians often offer more competitive pay. Here are a few examples of average annual salaries in different U.S. cities:

San Jose: $61,681
San Francisco: $61,006
Oakland: $59,720

San Jose, CA $61,681

San Francisco, CA $61,006

Oakland, CA $59,720

New York, NY $56,306

Paramus, NJ $55,622

Queens Village, NY $55,619

Passaic, NJ $55,573

Bergenfield, NJ $55,568

Stamford, CT $55,461

Huntington, NY $55,441

Newark, NJ $55,079

Bridgeport, CT $54,976

Vallejo, CA $54,879

New Brunswick, NJ $54,859

Petaluma, CA $54,830

Middlesex, NJ $54,737

Somerset, NJ $54,703

Santa Cruz, CA $54,639

Boston, MA $54,341

Monterey, CA $54,169

Seattle, WA $54,057

Santa Rosa, CA $54,048

Los Angeles, CA $54,033

Juneau, AK $53,906

Washington, DC $53,852

Orange, CA $53,678

Santa Ana, CA $53,549

Long Beach, CA $53,500

Anaheim, CA $53,490

Anchorage, AK $53,466

Santa Maria, CA $53,319

Everett, WA $53,309

Danbury, CT $53,137

Bremerton, WA $53,070

Tacoma, WA $52,893

New Suffolk, NY $52,893

Sacramento, CA $52,879

Santa Barbara, CA $52,825

Trenton, NJ $52,771

San Diego, CA $52,771

Brockton, MA $52,717

Fairbanks, AK $52,598

Lompoc, CA $52,473

Lowell, MA $52,433

Ventura, CA $52,424

Nashua, NH $52,414

Stockton, CA $52,409

Modesto, CA $52,052

Poughkeepsie, NY $51,945

Olympia, WA $51,852

Kennewick, WA $51,852

New Haven, CT $51,832

Lawrence, MA $51,656

Hartford, CT $51,607

Riverside, CA $51,598

New Bedford, MA $51,549

Richland, WA $51,549

Bakersfield, CA $51,480

San Bernardino, CA $51,461

New Britain, CT $51,456

Atlantic City, NJ $51,456

New London, CT $51,436

Norwich, CT $51,422

Portsmouth, NH $51,412

Boulder, CO $51,308

Portland, OR $51,241

Worcester, MA $51,236

Minneapolis, MN $51,084

Philadelphia, PA $51,016

Honolulu, HI $50,854

Saint Paul, MN $50,831

Vineland, NJ $50,820

Providence, RI $50,678

Chicago, IL $50,536

Bellingham, WA $50,478

Springfield, MA $50,439

Baltimore, MD $50,424

Chico, CA $50,302

Pittsfield, MA $50,170

Manchester, NH $50,077

Spokane, WA $49,861

Denver, CO $49,857

Albany, NY $49,627

Troy, NY $49,607

Nassau, NY $49,555

Schenectady, NY $49,505

Wilmington, DE $49,465

Burlington, VT $49,397

Salem, OR $49,377

Portland, ME $49,226

Yakima, WA $49,177

Rochester, MN $49,025

Reno, NV $49,001

Fresno, CA $49,001

Milwaukee, WI $48,957

Detroit, MI $48,908

Ann Arbor, MI $48,900

Allentown, PA $48,893

Colorado Springs, CO $48,810

Syracuse, NY $48,786

Carson City, NV $48,786

Houston, TX $48,717

Eugene, OR $48,693

Gary, IN $48,634

Springfield, OR $48,595

Bismarck, ND $48,585

Galveston, TX $48,551

Medford, OR $48,478

Fort Collins, CO $48,458

Concord, NH $48,434

Austin, TX $48,419

Mesa, AZ $48,316

Reading, PA $48,311

Phoenix, AZ $48,306

Dallas, TX $48,292

Saint Cloud, MN $48,245

Madison, WI $48,179

Utica, NY $48,047

Rochester, NY $47,969

Des Moines, IA $47,964

Raleigh, NC $47,959

Atlanta, GA $47,886

Battle Creek, MI $47,871

Salt Lake City, UT $47,856

Lancaster, PA $47,783

Harrisburg, PA $47,715

Kansas City, MO $47,666

Champaign, IL $47,656

Kansas City, KS $47,656

Fort Worth, TX $47,651

Columbus, OH $47,643

Boca Raton, FL $47,632

Pittsburgh, PA $47,612

Richmond, VA $47,592

Indianapolis, IN $47,583

Cleveland, OH $47,578

Las Vegas, NV $47,519

Cincinnati, OH $47,519

Petersburg, VA $47,446

Huntsville, AL $47,372

Lansing, MI $47,340

Lebanon, PA $47,333

Pueblo, CO $47,328

Appleton, WI $47,314

Buffalo, NY $47,294

Dayton, OH $47,279

Racine, WI $47,270

Charlotte, NC $47,265

Saint Louis, MO $47,250

York, PA $47,221

Elkhart, IN $47,221

Gastonia, NC $47,211

Billings, MT $47,200

Beaumont, TX $47,187

Lorain, OH $47,177

Benton Harbor, MI $47,167

Toledo, OH $47,157

Binghamton, NY $47,133

Rock Hill, SC $47,128

Rockford, IL $47,103

Springfield, IL $47,084

Elyria, OH $47,079

Fargo, ND $47,079

Flagstaff, AZ $47,045

Fort Lauderdale, FL $47,015

Duluth, MN $46,986

Miami, FL $46,986

Cheyenne, WY $46,952

Grand Forks, ND $46,952

Bangor, ME $46,844

Cedar Rapids, IA $46,790

Durham, NC $46,770

Louisville, KY $46,766

Grand Rapids, MI $46,756

Hialeah, FL $46,751

Casper, WY $46,683

Scranton, PA $46,624

New Orleans, LA $46,609

Virginia Beach, VA $46,605

Akron, OH $46,580

Peoria, IL $46,517

Sarasota, FL $46,507

Nashville, TN $46,473

Omaha, NE $46,473

Green Bay, WI $46,473

Baton Rouge, LA $46,448

Charleston, SC $46,438

Jamestown, NY $46,414

Davenport, IA $46,414

Tucson, AZ $46,389

Saint Petersburg, FL $46,360

Tampa, FL $46,350

Evansville, IN $46,321

Port Arthur, TX $46,321

Bradenton, FL $46,301

Santa Fe, NM $46,213

Orlando, FL $46,125

Clearwater, FL $46,111

Canton, OH $46,008

La Crosse, WI $46,008

Albuquerque, NM $45,979

Newport News, VA $45,974

High Point, NC $45,959

Ogden, UT $45,939

Corpus Christi, TX $45,900

Norfolk, VA $45,871

Laramie, WY $45,871

Rock Island, IL $45,842

Saginaw, MI $45,832

Jacksonville, FL $45,827

Salisbury, NC $45,817

Boise, ID $45,807

Moline, IL $45,783

Fort Myers, FL $45,768

Memphis, TN $45,759

Tulsa, OK $45,734

Waterloo, IA $45,705

Spartanburg, SC $45,656

Lincoln, NE $45,631

Fort Wayne, IN $45,622

Provo, UT $45,617

Cedar Falls, IA $45,558

San Antonio, TX $45,538

Greensboro, NC $45,519

South Bend, IN $45,514

Savannah, GA $45,460

Muskegon, MI $45,441

Birmingham, AL $45,436

Winston Salem, NC $45,412

Lake Charles, LA $45,294

Anderson, IN $45,284

Lexington, KY $45,270

Augusta, GA $45,255

Greenville, SC $45,255

Lima, OH $45,216

Wichita, KS $45,211

Tuscaloosa, AL $45,211

Columbia, SC $45,167

Springfield, OH $45,157

Asheville, NC $45,079

Bloomington, IN $45,045

Knoxville, TN $44,869

Shreveport, LA $44,864

Wilmington, NC $44,800

Roanoke, VA $44,800

Topeka, KS $44,712

Frankfort, KY $44,707

Oklahoma City, OK $44,673

Chillicothe, OH $44,653

Longview, TX $44,648

Melbourne, FL $44,644

Sioux Falls, SD $44,565

Mobile, AL $44,560

Terre Haute, IN $44,541

Altoona, PA $44,512

Amarillo, TX $44,477

Killeen, TX $44,463

Fayetteville, AR $44,423

Chattanooga, TN $44,409

Sioux City, IA $44,365

Idaho Falls, ID $44,355

Lynchburg, VA $44,316

Gainesville, FL $44,252

Portsmouth, OH $44,228

Little Rock, AR $44,218

Lafayette, LA $44,199

Youngstown, OH $44,199

Daytona Beach, FL $44,169

Clarksville, TN $44,164

Pensacola, FL $44,159

Temple, TX $44,156

Hopkinsville, KY $44,013

Erie, PA $44,003

Florence, SC $43,983

Charleston, WV $43,905

Great Falls, MT $43,881

Macon, GA $43,812

Tallahassee, FL $43,807

Fayetteville, NC $43,798

Waco, TX $43,788

Helena, MT $43,754

Pine Bluff, AR $43,735

Vincennes, IN $43,675

Lubbock, TX $43,656

Alamogordo, NM $43,626

Twin Falls, ID $43,582

Rapid City, SD $43,568

Jackson, MS $43,480

Huntington, WV $43,476

Greenville, MS $43,475

Parkersburg, WV $43,425

Montgomery, AL $43,416

Wichita Falls, TX $43,367

Springfield, MO $43,367

Biloxi, MS $43,343

Monroe, LA $43,294

Johnstown, PA $43,260

Sumter, SC $43,240

Columbus, GA $43,235

Pascagoula, MS $43,142

Abilene, TX $43,142

Kingsport, TN $43,015

Albany, GA $43,015

Gulfport, MS $43,000

Alexandria, LA $42,839

Fort Smith, AR $42,717

El Paso, TX $42,585

Las Cruces, NM $42,365

Harlingen, TX $42,240

Pocatello, ID $42,233

Florence, AL $42,169

Brownsville, TX $42,159

Mcallen, TX $42,057

Dothan, AL $41,988

Columbus, MS $41,698

Altus, OK $41,470

Lawton, OK $41,377

Pierre, SD $41,201

What Skills Can Increase a Loan Processor II's Salary?

Demanded Skills for the Role:

Customer Service (Mentioned in 9.84% Job Postings): Customer service is the provision of service to customers before, during and after a purchase. The perception of success of such interactions is dependent on employees "who can adjust themselves to the personality of the guest". Customer service concerns the priority an organization assigns to customer service relative to components such as product innovation and pricing. In this sense, an organization that values good customer service may spend more money in training employees than the average organization or may proactively interview customers for feedback. From the point of view of an overall sales process engineering effort, customer service plays an important role in an organization's ability to generate income and revenue. From that perspective, customer service should be included as part of an overall approach to systematic improvement. One good customer service experience can change the entire perception a customer holds towards the organization.
Data Entry (Mentioned in 2.85% Job Postings): Transcribing information into an electronic medium such as a computer or other electronic device.
Loan Review (Mentioned in 1.38% Job Postings): Loan review is a process routinely used by banks to assess the current value of loan portfolios. Provisioning is a technique to translate loan review results into the balance sheet.

Skills	Demand Percentage
Customer Service	9.84%
Data Entry	2.85%
Loan Review	1.38%

See More Skills

What skills can make your compensation higher?

Mastering certain specialized skills can lead to a significant increase in pay. Here are examples of skills and the potential impact they can have on a Loan Processor II's salary.

Team Operations: Can increase your salary by up to 7%.
Leadership: Can increase your salary by up to 6%.
Onboarding: Can increase your salary by up to 5%.

Skill	Salary	Salary % Increase
Team Operations	$52,326	7%
Leadership	$51,837	6%
Onboarding	$51,348	5%

Get Latest Data

Loan Processor II Salary by Company Size: Startups vs. Enterprise

Loan Processor II salary potential scales significantly with company size. Data shows that Enterprise companies (5,000+ employees) pay the highest average salary at around $52,102. While startup companies pay approximate $44,242.

Loan Processor II Salary by Company Size

Company Size	Employees	Average Salary
Startup	1~50	$44,242
Growth Stage	51~500	$46,753
Established	501~5000	$50,360
Enterprise	5000+	$52,102

Loan Processor II Salary by Industry: Top Paying Sectors

For Loan Processor II roles, the industry you choose can impact your earning potential by as much as 50% (the gap between the highest and lowest paying industries). Data shows that the highest-paying industry, Financial Services, offers compensation 30% above the average. Conversely, Loan Processor positions in Business Services typically offer lower base pay, as this sector often view Loan Processor II as a support function rather than a direct revenue driver.

The top paying industry for a Loan Processor II

Industry Sector	Average Annual Salary	Average Hourly Rate	Pay vs.Avg
Financial Services	$63,574	$31.0	30%

How Education impacts an Loan Processor II's Salary?

Your level of education can impact your salary potential. While many Loan Processor II enter the field with a Bachelor's Degree, higher education can lead to more specialized and higher-paying roles.

According to our 100% employer-reported salary data, the median salary for an Loan Processor II with a Bachelor's Degree is between $45,336 and $48,037.

Loan Processor II Salaries by Degree Level

$48,600
$48,100
$47,600
$47,000
$46,500
$46,000
$45,500
$44,900

Typical Education for Loan Processor II
Degree Level	% of user with this level of education
No Diploma	48.5%
High School	48.5%
Associates	18.2%
Bachelors	27.3%
Masters	6.1%
Doctorate	0.0%

View as Graph

Loan Processor II Salary: Hourly Rate, Weekly Pay, and Monthly Pay

Understanding how a Loan Processor II's annual salary breaks down can help with budgeting. Below, you can see the average hourly rate, weekly pay, and monthly pay for this role. Use the buttons to switch between different pay periods.

$45,195

Average $48,903/year

$53,800

$3,766

Average $4,075/month

$4,483

$869

Average $940/week

$1,035

$22

Average $24/hour

$26

	Annual Salary	Monthly Pay	Weekly Pay	Hourly Wage
75th Percentile	$53,800	$4,483	$1,035	$26
Average	$48,903	$4,075	$940	$24
25th Percentile	$45,195	$3,766	$869	$22

Loan Processor II Salary Growth & Career Path

Loan Processor II

Next Role

Advancement

Promotions are the fastest way to increase your earnings. As a Loan Processor II, you have the following paths for advancement. The table below compares the salary raises for common next-step roles. By comparing these figures, you can choose the career path that best meets your financial goals.

Loan Processor II Salary Growth and Career Path
Next Step Role	Estimate Salary	Projected Raise
Mortgage Closer III	$57,273	17%
Loan Processor III	$59,291	21%
Commercial Loan Processor III	$53,291	9%
Mortgage Loan Processor III	$63,342	30%

Salary Trends for Loan Processor II

Salaries for a Loan Processor II can change over time, reflecting shifts in market demand and the overall economy. The median salary decreased from $45,227 in 2023 to around $45,169 in 2025, reflecting changes in demand, location, experience, and the wider economy. For a detailed analysis of Loan Processor II salary trends, .

Average Annual Salary of Loan Processor II Over Time

$???
$45,227
$45,351
$45,169
$???
$???

2022
2023
2024
2025
2026
2027

Year	Average Annual Salary
2022	View More
2023	$45,227
2024	$45,351
2025	$45,169
2026	View More
2027	View More

Most common benefits for Loan Processor II

Social Security
401 (k)
Disability
Healthcare
Pension
Time Off (days)

Common company salaries for Loan Processor II

Here are companies hiring for Loan Processor II and their salaries, click below for more details.

K $114,295/per year

Kpmg Us LLP Business Services the United States

W $114,096/per year

Warner Bros Discovery Business Services the United States

D $111,927/per year

Dentsu International Ltd Business Services the United States

G $111,873/per year

GroupM Worldwide Inc Business Services the United States

C $111,651/per year

CoWorx Staffing Business Services the United States

C $110,194/per year

Contemporary Services Corp Business Services the United States

S $107,128/per year

Showcase Cinemas Business Services the United States

A $106,429/per year

Amentum Services Inc Business Services the United States

A $106,199/per year

Allied Universal Security Services LLC Business Services the United States

S $106,104/per year

Sodexo USA Business Services the United States

J $105,192/per year

JLL Technologies Business Services the United States

I $104,478/per year

Intact Insurance Group USA LLC Business Services the United States

N $101,619/per year

NielsenIQ Business Services the United States

T $101,470/per year

The Leading Edge Alliance Business Services the United States

H $101,308/per year

Honeywell UOP Business Services the United States

R $97,720/per year

Reeve & Associates Business Services the United States

M $97,584/per year

ManpowerGroup Global Inc Business Services the United States

F $95,980/per year

Financial Sys Nco Business Services the United States

A $95,314/per year

Arrow Global Ltd Business Services the United States

C $94,777/per year

CarMax Enterprise Services LLC Business Services the United States

D $94,479/per year

DZConneX Business Services the United States

A $93,802/per year

Adecco Staffing, USA Business Services the United States

R $92,937/per year

Resource MFG Business Services the United States

Z $92,774/per year

Zachry Brands Inc Business Services the United States

G $88,138/per year

Greystar Worldwide LLC Business Services the United States

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FAQ about Loan Processor II

1. Where can a Loan Processor II earn the most?

A Loan Processor II's earning potential can vary widely depending on several factors, including location, industry, experience, education, and the specific employer. According to the latest salary data by Salary.com, a Loan Processor II earns the most in San Jose, CA, where the annual salary of a Loan Processor II is $61,681.

2. What is the highest pay for Loan Processor II?

The highest pay for Loan Processor II is $58,258.

3. What is the lowest pay for Loan Processor II?

The lowest pay for Loan Processor II is $41,819.

4. What are the responsibilities of Loan Processor II?

Processes loan applications by verifying borrower information and ensuring completeness and accuracy of documentation before approval. Reviews loan files to confirm income, credit history, asset documentation, and collateral details in accordance with lending guidelines and regulatory standards. Communicates with borrowers, loan officers, and underwriters to obtain missing documentation and clarify application details. Prepares loan packages for underwriting review and ensures all required documents are properly organized and submitted. Maintains accurate records in loan processing systems and monitors application status to ensure timely progression through the approval process. Tracks and monitors due dates and responds to borrower inquiries. Requires a high school diploma. Typically reports to a supervisor. Works under moderate supervision. Gaining or has attained full proficiency in a specific area of discipline. Typically requires 1-3 years of related experience.

5. What industry pays the highest salary for Loan Processor II?

The Financial Services industry offers the highest average compensation for Loan Processor II roles, with salaries approximately 30% above the market median.

Where Does Our Salary Data Come From?

Salary.com provides salary estimates, histograms, trends, and comparisons using data from employer job postings and third-party sources.

We offer detailed salary information across multiple percentiles for your reference. (Click here to learn Why the Salary Midpoint Formula Is Crucial for Achieving Pay Equity.)

With the most extensive online, real-time compensation data available, Salary.com helps you pinpoint your exact pay target.

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