Build a Career You'll Love

Senior Loan Processor Salary in Salem, OR

How much does a Senior Loan Processor make in Salem, OR? The salary range for a Senior Loan Processor job is from $49,492 to $62,560 per year in Salem, OR. Click on the filter to check out Senior Loan Processor job salaries by hourly, weekly, biweekly, semimonthly, monthly, and yearly.

Average base salary
updated at January 01, 2025
$56,201
Per Year
The average salary for a Senior Loan Processor is $56,201
per Year in Salem, OR.
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
$49,492
$56,201
Medium
$62,560

Highest Paying Cities for Senior Loan Processor near Salem, OR

We list eight cities that pay high wages to Senior Loan Processor near Salem. The salary difference may cause by many reasons, such as the cost of living. The competition will also be fiercer where wages are high. Click the city name to learn more about the Senior Loan Processor pay level in these cities.

States with Higher Salaries for Senior Loan Processor

Here are the top five states that pay the highest Senior Loan Processor salary in the United States. District of Columbia takes first place with the highest Senior Loan Processor salary is $62,302 per Year. California and New Jersey take the second and third place with $61,743 per Year and $61,351 per Year in the list. A higher average Senior Loan Processor salary indicates a higher cost of living too.

How Much Do Similar Professions Get Paid in Salem, OR?

The following job titles have similar responsibilities as a Senior Loan Processor. However, the different job titles may have different salaries. Learn each job, and finger out the most suitable position with the highest wage for you in your city.
Senior Commercial Loan Processor
Average salary
United States
$55,000
per Year
Senior Consumer Loan Processor
Average salary
United States
$57,600
per Year
Senior Mortgage Loan Processor
Average salary
United States
$57,133
per Year
Entry Consumer Loan Processor
Average salary
United States
$43,700
per Year
Entry Mortgage Loan Processor
Average salary
United States
$45,900
per Year
Loan Processor
Average salary
United States
$48,222
per Year

How Much Should You Be Earning?

Get an estimated calculation of how much you should be earning and insight into your career options.

What Does a Senior Loan Processor Do?

As an FHA originator, processor or underwriter, it’s likely that in the ongoing foreclosure market you’ll run across a HUD REO loan at some point.

December 19, 2021

55% of Loan processors in the United States think their salaries are enough for the cost of living in their area.

December 05, 2021

A senior loan processor oversees the documentation and submission process for residential mortgage loans.

November 25, 2021

"We originally began developing this technology for loan processors when we could not find existing solutions that met their specific needs in the broker channel," explained.

November 06, 2021

Usually, loan processors get paid either for each loan file application executed or through a salary which comes with a bonus for a particular volume of monthly funded loans.

November 04, 2021

Most Common Benefits for Senior Loan Processor

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

Frequently Asked Questions

Common questions about salaries for a Senior Loan Processor
Get a personal salary report to know your salary based on location, education, experience, and other influence factors.
Is this information useful?
Thank you!
As an FHA originator, processor or underwriter, it’s likely that in the ongoing foreclosure market you’ll run across a HUD REO loan at some point.
Is this information useful?
Thank you!
Check the below career pages for detailed pay ranges for similar professions to Senior Loan Processor:
Is this information useful?
Thank you!
Explore our personal salary report to know the Senior Loan Processor market value in Salem, OR. And find out if any places are having a higher Senior Loan Processor salary.
Is this information useful?
Thank you!
The average salary of a Senior Loan Processor is $56,201 in Salem, OR.
Is this information useful?
Thank you!

Career Insights

What is Pay-for-Performance Compensation?
pay and salary
What is Pay-for-Performance Compensation?
What Is a Salary Grading Scale?
pay and salary
What Is a Salary Grading Scale?
The Gender Pay Gap in America in 2022
pay and salary
Understanding the Gender Pay Gap in America