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Loan Processor III Salaries in Toronto, ON

• What is the average Loan Processor III salary for Toronto, ON?
  How much does a Loan Processor III in Toronto, ON make? The median annual Loan Processor III salary in Toronto, ON is C$70,983, as of August 26, 2026, with a range usually between C$61,947-C$78,196 not including bonus and benefit information and other factors that impact base pay. However, the salary for someone with the title Loan Processor III 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 III 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 III in Toronto, ON that make less than that salary. For example 50% of the people who perform the job of Loan Processor III 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 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. View full job description

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

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

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

• Most Popular Jobs Titles for Toronto, ON
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• Categories that include Loan Processor III
  • Banking
  • Accounting
  • Financial Services

• Loan Processor III 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