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Loan Processor II Salaries in Toronto, ON

• What is the average Loan Processor II salary for Toronto, ON?
  How much does a Loan Processor II in Toronto, ON make? The median annual Loan Processor II salary in Toronto, ON is C$59,008, as of August 26, 2026, with a range usually between C$52,515-C$66,289 not including bonus and benefit information and other factors that impact base pay. However, the salary for someone with the title Loan Processor II may vary depending on a number of factors including industry, company size, location, years of experience and level of education. Our team of Certified Compensation Professionals has analyzed survey data collected from thousands of HR departments at companies of all sizes and industries to present this range of annual salaries for people with the job title Loan Processor II in Toronto, ON.

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• About this chart
  This chart describes the expected percentage of people who perform the job of Loan Processor II in Toronto, ON that make less than that salary. For example 50% of the people who perform the job of Loan Processor II in Toronto, ON are expected to make less than the median.
  Source: HR Reported data as of August 26, 2026

• Job Description for 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. View full job description

• Similar Job titles to Loan Processor II
  • Loan Processing Manager
  • Loan Processing Quality Analyst I
  • Loan Processing Quality Analyst II
  • Loan Processing Quality Analyst III
  • Loan Processor III

• Level of Education
  • Loan Processor II Salaries with a High School Diploma or Technical Certificate
  • Loan Processor II Salaries with an Associate's Degree
  • Loan Processor II Salaries with a Bachelor's Degree
  • Loan Processor II Salaries with a Master's Degree or MBA
  • Loan Processor II Salaries with a JD, MD, PhD or Equivalent

• Most Popular Cities for Loan Processor II in Canada
  • Fredericton, NB Loan Processor II
  • Moncton, NB Loan Processor II
  • Halifax, NS Loan Processor II
  • Oshawa, ON Loan Processor II
  • Ottawa, ON Loan Processor II
  • Charlottetown, PE Loan Processor II
  • Montreal, QC Loan Processor II
  • Quebec, QC Loan Processor II
  • Sherbrooke, QC Loan Processor II

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• Categories that include Loan Processor II
  • Banking
  • Accounting
  • Financial Services

• Loan Processor II Salaries by Province in Canada
  • Alberta
  • British Columbia
  • Manitoba
  • New Brunswick
  • Newfoundland and Labrador
  • Nova Scotia
  • Northwest Territories
  • Nunavut
  • Ontario
  • Prince Edward Island
  • Quebec
  • Saskatchewan
  • Yukon

• Banking Jobs by Salary Range
  • <$30K
  • $30K–$50K
  • $50K–$80K
  • $80K–$100K
  • >$100K