As of April 01, 2026, the average salary for a Loan Processor III in Ruby, NY is $62,569 per year, which breaks down to an hourly rate of $30.
However, a Loan Processor III's salary can vary significantly. Here’s a look at the typical salary range:
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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, skills and company size can directly affect your earning potential.
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:
| Job Role | Years of Experience | Average Salary |
|---|---|---|
| Loan Processor I | 0-1 years | $46,102 |
| Loan Processor II | 1-3 years | $51,635 |
| Loan Processor III | 3-5 years | $62,569 |
| Loan Processing Supervisor | 5+ years | $67,620 |
What Am I Worth?
Demanded Skills for the Role:
| Skills | Demand Percentage |
|---|---|
| Customer Service | 13% |
| Loan Review | 2.46% |
| Financial Services | 1.03% |
| Skill | Salary | Salary % Increase |
|---|---|---|
|
Team Management
|
$75,083 |
20%
|
|
Fintech
|
$73,831 |
18%
|
|
Planning
|
$70,077 |
12%
|
|
Regulatory Compliance
|
$67,575 |
8%
|
|
Financial Services
|
$66,323 |
6%
|
|
Team Operations
|
$65,698 |
5%
|
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.
Last Updated on April 01, 2026Promotions 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.
| Next Step Role | Estimate Salary | Projected Raise |
|---|---|---|
| Loan Processing Supervisor | $67,620 | 8% |
| Loan Processing Assistant Manager | $77,436 | 24% |
| Loan Processing Manager | $102,287 | 63% |
Ready to take the next step in your career? Browse thousands of current Loan Processor III job openings on our job board. Use the search bar below to find your perfect match.
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