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Real Estate Loan Processor Salary in Illinois

How much does a Real Estate Loan Processor make in Illinois? The salary range for a Real Estate Loan Processor job is from $93,292 to $134,422 per year in Illinois. Click on the filter to check out Real Estate Loan Processor job salaries by hourly, weekly, biweekly, semimonthly, monthly, and yearly.

Average base salary
updated at January 01, 2025
$114,242
Per Year
The average salary for a Real Estate Loan Processor is $114,242
per Year in Illinois.
Individually reported data submitted by users of our website

HOW SHOULD YOU USE THIS DATA?

Employees: Use this as a guide for salary expectations, but be aware that responsibilities can change across companies for the same job title, so there may be differences between this data, other free site and our subscription products bought by employers.

Employers: This data could be used as reference point in your market pricing, but not the only source, due to differences across jobs locations, and sizes of companies.Consider additional sources like our Employer reported data.

Base Salary
$93,292
$114,242
Medium
$134,422

Highest Paying Cities for Real Estate Loan Processor in Illinois

Here are the top eight that pay the highest Real Estate Loan Processor salary in IL. Due to the cost of living in different locations, the Real Estate Loan Processor salary will also be different. Chicago with the highest wage for the Real Estate Loan Processor in Illinois has a high living wage too. Explore more salary information by clicking the city name.

States with Higher Salaries for Real Estate Loan Processor

Real Estate Loan Processor works in Illinois will receive the highest salary in the United States, followed by California, New Jersey. These states have more job opportunities than other places. At the same time, the competition will be fiercer too. People need to improve their competitiveness to get a job in these cities.

How Much Do Similar Professions Get Paid in Illinois?

The Real Estate Loan Processor jobs have a lot of different directions. And, the job title can also be quite different from in diverse companies. Some job titles may not include the Real Estate Loan Processor, while they have the Real Estate Loan Processor responsibilities. So, here are some similar jobs and their salaries. Click the link which you are interested in to explore more data.
Real Estate Processor
Average salary
United States
$102,040
per Year
Real Estate Title Processor
Average salary
United States
$102,040
per Year
Real Estate Loan Officer
Average salary
United States
$92,369
per Year
Chief Commercial Real Estate Loan Executive
Average salary
United States
$353,200
per Year
Loan Officer, Entry - Commercial Real Estate
Average salary
United States
$91,090
per Year
Loan Officer, Senior - Commercial Real Estate
Average salary
United States
$155,510
per Year

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What Does a Real Estate Loan Processor Do?

The loan processor gathers all the necessary documentation required to receive the loan, including employment verification, bank statements, monthly bills and other income information, if applicable.

December 21, 2021

The Bank Training Center offers multiple loan processor training courses that will teach additional principles and strategies.

December 17, 2021

Our mortgage loan processor training programs will give you the insider knowledge you need to provide your customers with the best possible mortgage experience.

December 14, 2021

Just like underwriters and loan officers, mortgage processors are a crucial part of the mortgage process.

December 13, 2021

To earn this certification, the loan processor must complete at least 24 hours of training broken down into four areas: 1) basic loan processing, 2)  advanced loan processing, 3) underwriting basics and processing federal housing administration (FHA) and 4) veteran’s affairs (VA) loans.

December 12, 2021

Most Common Benefits for Real Estate Loan Processor

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

Frequently Asked Questions

Common questions about salaries for a Real Estate Loan Processor
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The loan processor gathers all the necessary documentation required to receive the loan, including employment verification, bank statements, monthly bills and other income information, if applicable.
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Bedford Park pays the highest Real Estate Loan Processor wage. Get personal salary report to explore more salary information in different cities.
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The Real Estate Loan Processor salary range is $93,292 to $134,422 in IL.
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