How much does a Loan Processor II make in Minnetonka, MN?
As of March 01, 2025, the average annual salary for a Loan Processor II in Minnetonka, MN is $50,908. Salary.com reports that pay typically ranges from $46,291 to $56,112, with most professionals earning between $42,088 and $60,850.
How much does a Loan Processor II make by hour, week, month, and year?
Salary.com provides you with accurate and diversified Loan Processor II 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 II hourly pay, weekly pay, monthly pay and so on.
Last Updated on March 01, 2025
|
Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
75th Percentile |
$52,886 |
$4,407 |
$1,017 |
$25 |
Average |
$47,981 |
$3,998 |
$923 |
$23 |
25th Percentile |
$43,630 |
$3,636 |
$839 |
$21 |
Last Updated on March 01, 2025
How Does Experience Level Affect a Loan Processor II's Salary?
An entry-level Loan Processor II with under 1 year experience makes about $49,392.
With less than 2 years of experience, a mid-level Loan Processor II makes around $49,530.
After 2-4 years, the Loan Processor II pay rises to about $52,228.
Those senior Loan Processor II with 5-8 years of experience earn roughly $53,471, and those Loan Processor II having 8 years or more experience are expected to earn about $53,626 on average.
Levels |
Salary |
Entry Level Loan Processor II
|
$49,392
|
Intermediate Level Loan Processor II
|
$49,530
|
Senior Level Loan Processor II
|
$52,228
|
Specialist Level Loan Processor II
|
$53,471
|
Expert Level Loan Processor II
|
$53,626
|
$49,392
0 yr
$49,530
< 2 yrs
$52,228
2-4 yrs
$53,471
5-8 yrs
$53,626
> 8 yrs
Last Updated on March 01, 2025
Entry Level
|
3%
|
Mid Level
|
3%
|
Senior Level
|
9%
|
Top Level
|
11%
|
Experienced
|
12%
|
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Last Updated on March 01, 2025