What are the main factors that influence a Loan Processor III'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 III?

Loan Processor III salary varies significantly by state. The top 3 highest paying states for Loan Processor III roles are District of Columbia $65,647, California $65,398, Massachusetts $64,526. 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: Mortgage Lending Processor III: $63,400; Mortgage Loan Processor III: $63,342; Lending Processor III: $59,300; Commercial Lending Processor III: $53,313; Commercial Loan Processor III: $53,291.

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

Company size, industry, and compensation structure create significant salary variations for Loan Processor III 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 III Salary in the United States

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

As of August 01, 2026, the average salary for a Loan Processor III in the United States is $59,291 per year, which breaks down to an hourly rate of $29.

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

Top Earners (90th percentile): $72,515
Majority Range (25th-75th percentile): $54,175 to $66,213
Entry-Level (10th percentile): $49,517

10% $49,517

50% (Median) $59,291

90% $72,515

Loan Processor III Salaries by Percentile

	Annual Salary	Monthly Pay	Weekly Pay	Hourly Wage
75th Percentile	$66,213	$5,518	$1,273	$32
Average	$59,291	$4,941	$1,140	$29
25th Percentile	$54,175	$4,515	$1,042	$26

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 III Salaries

A Loan Processor III'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 III Salaries?

Experience is a primary driver of a Loan Processor III'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 IIIs 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 IIIs. For example, consider the average annual salaries in these key locations:

District of Columbia: $65,647.
California: $65,398.
Massachusetts: $64,526.

District of Columbia $65,647 California $65,398 Massachusetts $64,526 Washington $64,289 New Jersey $64,266 Alaska $64,183 Connecticut $63,364 New York $63,032

Hawaii $61,971 Rhode Island $61,473 Maryland $61,135 Minnesota $60,672 Colorado $60,495 Illinois $60,435 Oregon $60,210 Delaware $60,044

New Hampshire $59,940 Virginia $59,706 Pennsylvania $59,024 Nevada $58,680 North Dakota $58,568 Michigan $58,390 Wisconsin $58,325 Vermont $58,194

Texas $57,832 Maine $57,809 Arizona $57,773 Ohio $57,732 Georgia $57,186 Indiana $56,913 Wyoming $56,860 Utah $56,777

Iowa $56,741 Kansas $56,457 Louisiana $56,374 North Carolina $56,344 Missouri $56,332 Florida $56,101 Montana $55,977 Nebraska $55,858

Kentucky $55,793 South Carolina $55,556 Tennessee $55,407 Idaho $55,348 New Mexico $54,915 Oklahoma $54,820 Alabama $54,471 South Dakota $53,884

Arkansas $53,563 West Virginia $53,392 Mississippi $52,876

Top Paying Cities for Loan Processor III

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: $74,784
San Francisco: $73,965
Oakland: $72,406

San Jose, CA $74,784

San Francisco, CA $73,965

Oakland, CA $72,406

New York, NY $68,267

Paramus, NJ $67,437

Queens Village, NY $67,434

Passaic, NJ $67,378

Bergenfield, NJ $67,372

Stamford, CT $67,242

Huntington, NY $67,218

Newark, NJ $66,779

Bridgeport, CT $66,654

Vallejo, CA $66,536

New Brunswick, NJ $66,513

Petaluma, CA $66,477

Middlesex, NJ $66,364

Somerset, NJ $66,323

Santa Cruz, CA $66,246

Boston, MA $65,884

Monterey, CA $65,676

Seattle, WA $65,540

Santa Rosa, CA $65,528

Los Angeles, CA $65,511

Juneau, AK $65,356

Washington, DC $65,291

Orange, CA $65,080

Santa Ana, CA $64,924

Long Beach, CA $64,864

Anaheim, CA $64,852

Anchorage, AK $64,823

Santa Maria, CA $64,645

Everett, WA $64,633

Danbury, CT $64,424

Bremerton, WA $64,343

Tacoma, WA $64,129

New Suffolk, NY $64,128

Sacramento, CA $64,111

Santa Barbara, CA $64,046

Trenton, NJ $63,981

San Diego, CA $63,981

Brockton, MA $63,916

Fairbanks, AK $63,770

Lompoc, CA $63,619

Lowell, MA $63,571

Ventura, CA $63,560

Nashua, NH $63,548

Stockton, CA $63,542

Modesto, CA $63,109

Poughkeepsie, NY $62,979

Olympia, WA $62,866

Kennewick, WA $62,866

New Haven, CT $62,843

Lawrence, MA $62,629

Hartford, CT $62,570

Riverside, CA $62,558

New Bedford, MA $62,499

Richland, WA $62,499

Bakersfield, CA $62,416

San Bernardino, CA $62,392

New Britain, CT $62,386

Atlantic City, NJ $62,386

New London, CT $62,362

Norwich, CT $62,344

Portsmouth, NH $62,333

Boulder, CO $62,207

Portland, OR $62,125

Worcester, MA $62,119

Minneapolis, MN $61,935

Philadelphia, PA $61,852

Honolulu, HI $61,657

Saint Paul, MN $61,628

Vineland, NJ $61,615

Providence, RI $61,443

Chicago, IL $61,271

Bellingham, WA $61,200

Springfield, MA $61,153

Baltimore, MD $61,135

Chico, CA $60,987

Pittsfield, MA $60,827

Manchester, NH $60,714

Spokane, WA $60,453

Denver, CO $60,447

Albany, NY $60,169

Troy, NY $60,145

Nassau, NY $60,081

Schenectady, NY $60,020

Wilmington, DE $59,973

Burlington, VT $59,890

Salem, OR $59,866

Portland, ME $59,682

Yakima, WA $59,623

Rochester, MN $59,439

Reno, NV $59,410

Fresno, CA $59,410

Milwaukee, WI $59,356

Detroit, MI $59,297

Ann Arbor, MI $59,287

Allentown, PA $59,279

Colorado Springs, CO $59,178

Syracuse, NY $59,149

Carson City, NV $59,149

Houston, TX $59,066

Eugene, OR $59,036

Gary, IN $58,965

Springfield, OR $58,917

Bismarck, ND $58,906

Galveston, TX $58,864

Medford, OR $58,775

Fort Collins, CO $58,751

Concord, NH $58,722

Austin, TX $58,704

Mesa, AZ $58,580

Reading, PA $58,574

Phoenix, AZ $58,568

Dallas, TX $58,550

Saint Cloud, MN $58,493

Madison, WI $58,413

Utica, NY $58,253

Rochester, NY $58,159

Des Moines, IA $58,153

Raleigh, NC $58,147

Atlanta, GA $58,058

Battle Creek, MI $58,040

Salt Lake City, UT $58,022

Lancaster, PA $57,933

Harrisburg, PA $57,850

Kansas City, MO $57,791

Champaign, IL $57,779

Kansas City, KS $57,779

Fort Worth, TX $57,773

Columbus, OH $57,763

Boca Raton, FL $57,749

Pittsburgh, PA $57,726

Richmond, VA $57,702

Indianapolis, IN $57,690

Cleveland, OH $57,684

Las Vegas, NV $57,613

Cincinnati, OH $57,613

Petersburg, VA $57,524

Huntsville, AL $57,435

Lansing, MI $57,395

Lebanon, PA $57,388

Pueblo, CO $57,382

Appleton, WI $57,364

Buffalo, NY $57,340

Dayton, OH $57,323

Racine, WI $57,311

Charlotte, NC $57,305

Saint Louis, MO $57,287

York, PA $57,251

Elkhart, IN $57,251

Gastonia, NC $57,240

Billings, MT $57,226

Beaumont, TX $57,210

Lorain, OH $57,198

Benton Harbor, MI $57,186

Toledo, OH $57,174

Binghamton, NY $57,145

Rock Hill, SC $57,139

Rockford, IL $57,109

Springfield, IL $57,085

Elyria, OH $57,079

Fargo, ND $57,079

Flagstaff, AZ $57,038

Fort Lauderdale, FL $57,002

Duluth, MN $56,967

Miami, FL $56,967

Cheyenne, WY $56,925

Grand Forks, ND $56,925

Bangor, ME $56,795

Cedar Rapids, IA $56,730

Durham, NC $56,705

Louisville, KY $56,700

Grand Rapids, MI $56,688

Hialeah, FL $56,682

Casper, WY $56,599

Scranton, PA $56,528

New Orleans, LA $56,510

Virginia Beach, VA $56,504

Akron, OH $56,475

Peoria, IL $56,398

Sarasota, FL $56,386

Nashville, TN $56,344

Omaha, NE $56,344

Green Bay, WI $56,344

Baton Rouge, LA $56,315

Charleston, SC $56,303

Jamestown, NY $56,273

Davenport, IA $56,273

Tucson, AZ $56,243

Saint Petersburg, FL $56,208

Tampa, FL $56,196

Evansville, IN $56,160

Port Arthur, TX $56,160

Bradenton, FL $56,137

Santa Fe, NM $56,030

Orlando, FL $55,923

Clearwater, FL $55,905

Canton, OH $55,781

La Crosse, WI $55,781

Albuquerque, NM $55,745

Newport News, VA $55,739

High Point, NC $55,722

Ogden, UT $55,698

Corpus Christi, TX $55,651

Norfolk, VA $55,615

Laramie, WY $55,615

Rock Island, IL $55,579

Saginaw, MI $55,568

Jacksonville, FL $55,562

Salisbury, NC $55,550

Boise, ID $55,538

Moline, IL $55,508

Fort Myers, FL $55,490

Memphis, TN $55,479

Tulsa, OK $55,449

Waterloo, IA $55,413

Spartanburg, SC $55,354

Lincoln, NE $55,324

Fort Wayne, IN $55,313

Provo, UT $55,307

Cedar Falls, IA $55,235

San Antonio, TX $55,212

Greensboro, NC $55,188

South Bend, IN $55,182

Savannah, GA $55,117

Muskegon, MI $55,093

Birmingham, AL $55,087

Winston Salem, NC $55,058

Lake Charles, LA $54,915

Anderson, IN $54,903

Lexington, KY $54,886

Augusta, GA $54,868

Greenville, SC $54,868

Lima, OH $54,820

Wichita, KS $54,815

Tuscaloosa, AL $54,815

Columbia, SC $54,761

Springfield, OH $54,749

Asheville, NC $54,654

Bloomington, IN $54,613

Knoxville, TN $54,399

Shreveport, LA $54,394

Wilmington, NC $54,316

Roanoke, VA $54,316

Topeka, KS $54,210

Frankfort, KY $54,203

Oklahoma City, OK $54,162

Chillicothe, OH $54,139

Longview, TX $54,133

Melbourne, FL $54,127

Sioux Falls, SD $54,032

Mobile, AL $54,026

Terre Haute, IN $54,002

Altoona, PA $53,967

Amarillo, TX $53,925

Killeen, TX $53,907

Fayetteville, AR $53,860

Chattanooga, TN $53,842

Sioux City, IA $53,789

Idaho Falls, ID $53,777

Lynchburg, VA $53,730

Gainesville, FL $53,652

Portsmouth, OH $53,623

Little Rock, AR $53,611

Lafayette, LA $53,587

Youngstown, OH $53,587

Daytona Beach, FL $53,552

Clarksville, TN $53,546

Pensacola, FL $53,540

Temple, TX $53,536

Hopkinsville, KY $53,362

Erie, PA $53,350

Florence, SC $53,326

Charleston, WV $53,231

Great Falls, MT $53,202

Macon, GA $53,119

Tallahassee, FL $53,113

Fayetteville, NC $53,101

Waco, TX $53,089

Helena, MT $53,048

Pine Bluff, AR $53,025

Vincennes, IN $52,953

Lubbock, TX $52,929

Alamogordo, NM $52,894

Twin Falls, ID $52,840

Rapid City, SD $52,822

Jackson, MS $52,716

Huntington, WV $52,711

Greenville, MS $52,710

Parkersburg, WV $52,649

Montgomery, AL $52,639

Wichita Falls, TX $52,579

Springfield, MO $52,579

Biloxi, MS $52,550

Monroe, LA $52,490

Johnstown, PA $52,449

Sumter, SC $52,425

Columbus, GA $52,419

Pascagoula, MS $52,307

Abilene, TX $52,307

Kingsport, TN $52,152

Albany, GA $52,152

Gulfport, MS $52,135

Alexandria, LA $51,939

Fort Smith, AR $51,791

El Paso, TX $51,631

Las Cruces, NM $51,364

Harlingen, TX $51,213

Pocatello, ID $51,204

Florence, AL $51,127

Brownsville, TX $51,115

Mcallen, TX $50,990

Dothan, AL $50,907

Columbus, MS $50,555

Altus, OK $50,279

Lawton, OK $50,166

Pierre, SD $49,953

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

Demanded Skills for the Role:

Customer Service (Mentioned in 13% 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.
Loan Review (Mentioned in 2.46% 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.
Financial Services (Mentioned in 1.03% Job Postings): A services provided by the finance industry, which encompasses a broad range of businesses that manage money. These services involve banking, brokerage, mortgages, credit cards, payment services, real estate, investment funds, taxes and accounting.

Skills	Demand Percentage
Customer Service	13%
Loan Review	2.46%
Financial Services	1.03%

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 III's salary.

Team Management: Can increase your salary by up to 20%.
Fintech: Can increase your salary by up to 18%.
Planning: Can increase your salary by up to 12%.

Skill	Salary	Salary % Increase
Team Management	$71,149	20%
Fintech	$69,963	18%
Planning	$66,406	12%

Get Latest Data

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

Loan Processor III salary potential scales significantly with company size. Data shows that Enterprise companies (5,000+ employees) pay the highest average salary at around $63,170. While startup companies pay approximate $53,640.

Loan Processor III Salary by Company Size

Company Size	Employees	Average Salary
Startup	1~50	$53,640
Growth Stage	51~500	$56,684
Established	501~5000	$61,058
Enterprise	5000+	$63,170

Loan Processor III Salary by Industry: Top Paying Sectors

For Loan Processor III roles, the industry you choose can impact your earning potential by as much as 20% (the gap between the highest and lowest paying industries). Data shows that the highest-paying industry, Edu., Gov't. & Nonprofit, offers compensation 10% above the average. Conversely, Loan Processor positions in Business Services typically offer lower base pay, as this sector often view Loan Processor III as a support function rather than a direct revenue driver.

The top paying industry for a Loan Processor III

Industry Sector	Average Annual Salary	Average Hourly Rate	Pay vs.Avg
Edu., Gov't. & Nonprofit	$65,220	$31.0	10%

How Education impacts an Loan Processor III's Salary?

Your level of education can impact your salary potential. While many Loan Processor III 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 III with a Bachelor's Degree is between $54,454 and $57,943.

Loan Processor III Salaries by Degree Level

$58,700
$58,000
$57,300
$56,700
$56,000
$55,300
$54,600
$54,000

Typical Education for Loan Processor III
Degree Level	% of user with this level of education
No Diploma	43.9%
High School	43.9%
Associates	22.0%
Bachelors	29.3%
Masters	4.9%
Doctorate	0.0%

View as Graph

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

Understanding how a Loan Processor III'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.

$54,175

Average $59,291/year

$66,213

$4,515

Average $4,941/month

$5,518

$1,042

Average $1,140/week

$1,273

$26

Average $29/hour

$32

	Annual Salary	Monthly Pay	Weekly Pay	Hourly Wage
75th Percentile	$66,213	$5,518	$1,273	$32
Average	$59,291	$4,941	$1,140	$29
25th Percentile	$54,175	$4,515	$1,042	$26

Loan Processor III Salary Growth & Career Path

Loan Processor III

Next Role

Advancement

Promotions are the fastest way to increase your earnings. As a Loan Processor III, 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 III Salary Growth and Career Path
Next Step Role	Estimate Salary	Projected Raise
Mortgage Closing Supervisor	$69,512	17%
Loan Processing Supervisor	$64,075	8%

Salary Trends for Loan Processor III

Salaries for a Loan Processor III can change over time, reflecting shifts in market demand and the overall economy. The median salary decreased from $50,760 in 2023 to around $50,294 in 2025, reflecting changes in demand, location, experience, and the wider economy. For a detailed analysis of Loan Processor III salary trends, .

Average Annual Salary of Loan Processor III Over Time

$???
$50,760
$50,555
$50,294
$???
$???

2022
2023
2024
2025
2026
2027

Year	Average Annual Salary
2022	View More
2023	$50,760
2024	$50,555
2025	$50,294
2026	View More
2027	View More

Most common benefits for Loan Processor III

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

Common company salaries for Loan Processor III

Here are companies hiring for Loan Processor III 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 III

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

A Loan Processor III'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 III earns the most in San Jose, CA, where the annual salary of a Loan Processor III is $74,784.

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

The highest pay for Loan Processor III is $72,515.

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

The lowest pay for Loan Processor III is $49,517.

4. What are the responsibilities of Loan Processor III?

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 independently within established procedures associated with the specific job function. Has gained proficiency in multiple competencies relevant to the job. Typically requires 3-5 years of related experience.

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

The Edu., Gov't. & Nonprofit industry offers the highest average compensation for Loan Processor III roles, with salaries approximately 10% 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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