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What is the salary range of Loan Processor II?

As of December 01, 2024, the average annual pay of Loan Processor II in Saco, ME is $46,925. While Salary.com is seeing that Loan Processor II salary in Saco, ME can go up to $56,264 or down to $37,678, but most earn between $42,085 and $51,813. Salary.com shows the average base salary (core compensation), as well as the average total cash compensation for the job of Loan Processor II in the United States.

Loan Processor II Salaries by Percentile
Annual
Salary
Monthly
Pay
Weekly
Pay
Hourly
Wage
75th Percentile $52,496 $4,375 $1,010 $25
Average $47,543 $3,962 $914 $23
25th Percentile $42,639 $3,553 $820 $20

Average Salary

25% $42,085 10% $37,678 90% $56,264 75% $51,813 $46,925 50%(Median) Didn’t find job title? Click
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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 December 01, 2024
Last Updated on December 01, 2024
Levels Salary
Entry Level Loan Processor II $45,106
Intermediate Level Loan Processor II $45,250
Senior Level Loan Processor II $47,921
Specialist Level Loan Processor II $49,082
Expert Level Loan Processor II $49,227
$45,106 0 yr
$45,250 < 2 yrs
$47,921 2-4 yrs
$49,082 5-8 yrs
$49,227 > 8 yrs
Last Updated on December 01, 2024
Entry Level 5%
Mid Level 5%
Senior Level 1%
Top Level 3%
Experienced 4%
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Last Updated on December 01, 2024

Job Openings of Loan Processor II

Salary.com job board provides millions of Loan Processor II information for you to search for. Click on search button below to see Loan Processor II job openings or enter a new job title here.

Cost of Living In Saco, ME

Cost of Living in Saco , ME is
19.6% Higher
than the National Average
Use Salary.com's Cost of Living Calculator to find out what income you need to maintain your standard of living in a different city and how much more or less money you need to budget for basic expenses.

Best-Paid Skills and Qualifications for Loan Processor II

What skills does a Loan Processor II need?

Each competency has five to ten behavioral assertions that can be observed, each with a corresponding performance level (from one to five) that is required for a particular job.

1.

Customer Service: 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.

2.

Credit Reports: Credit report is a statement that has information about your credit activity and current credit situation such as loan paying history and the status of your credit accounts. It allows to check for any delinquency in past and present credit accounts.

3.

Mortgage Lending: A mortgage loan is a secured loan that allows you to avail funds by providing an immovable asset, such as a house or commercial property, as collateral to the lender.

Customer Service 9.75%
Credit Reports 1.89%
Mortgage Lending 1.28%
Others 87.08%
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What skills can make your compensation higher?
Mastering certain skills can make the compensation of a Loan Processor II higher. Salary.com's Real-time Job Posting Salary Data provides you the latest highly compensated skills to help you get a higher pay. For example, if you master Team Operations, you can get a 7% salary raise. If you are good at Leadership, your salary will increase by 6%. If you are expert in Onboarding, your salary will rise by 5%.
Skill Salary Demand
Team Operations
$50,209
7%
Leadership
$49,740
6%
Onboarding
$49,271
5%
Prioritization
$49,271
5%
Presentation
$49,271
5%
Customer Relationship
$48,802
4%
Last Updated on December 01, 2024

About Our Data

Salary.com salary estimates, histograms, trends, and comparisons are derived from both employer job postings and third-party data sources. We also provide multiple percentiles of salary information for your reference, click here to know Why the Salary Midpoint Formula Is Crucial to Getting Pay Equity Right. With more online, real-time compensation data than any other website, Salary.com helps you determine your exact pay target.

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The average salary for a Loan Processor II is $46,925 per year in Saco, ME, updated at December 01, 2024.
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