What are the main factors that influence a Loan Processor'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 $42,400, a Loan Processor (1-3 years)earns $47,488, a Loan Processor III (3-5 years)earns $57,536, a Loan Processing Supervisor (5+ years)earns $62,181,

What are the highest paying states for a Loan Processor?

Loan Processor salary varies significantly by state. The top 3 highest paying states for Loan Processor roles are District of Columbia $52,971, California $52,770, Massachusetts $52,067. 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: Sba Loan Processor: $60,402; Business Loan Processor: $59,790; Commercial Loan Processor: $59,707; Loan Processor III: $59,242; Loan Processor II: $48,896.

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

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

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

As of March 01, 2026, the average salary for a Loan Processor in the United States is $47,843 per year, which breaks down to an hourly rate of $23.

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

Top Earners (90th percentile): $57,064
Majority Range (25th-75th percentile): $44,205 to $52,670
Entry-Level (10th percentile): $40,892

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Loan Processor Salaries by Percentile

	Annual Salary	Monthly Pay	Weekly Pay	Hourly Wage
75th Percentile	$52,670	$4,389	$1,013	$25
Average	$47,843	$3,987	$920	$23
25th Percentile	$44,205	$3,684	$850	$21

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Key Factors That Influence Loan Processor Salaries

A Loan Processor'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 Do Loan Processor 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 Processors. For example, consider the average annual salaries in these key locations:

District of Columbia: $52,971.
California: $52,770.
Massachusetts: $52,067.

District of Columbia $52,971 California $52,770 Massachusetts $52,067 Washington $51,876 New Jersey $51,857 Alaska $51,790 Connecticut $51,129 New York $50,862

Hawaii $50,005 Rhode Island $49,603 Maryland $49,331 Minnesota $48,957 Colorado $48,814 Illinois $48,766 Oregon $48,584 Delaware $48,450

New Hampshire $48,366 Virginia $48,178 Pennsylvania $47,627 Nevada $47,350 North Dakota $47,259 Michigan $47,115 Wisconsin $47,063 Vermont $46,958

Texas $46,666 Maine $46,647 Arizona $46,618 Ohio $46,584 Georgia $46,144 Indiana $45,924 Wyoming $45,881 Utah $45,814

Iowa $45,785 Kansas $45,556 Louisiana $45,489 North Carolina $45,465 Missouri $45,455 Florida $45,269 Montana $45,168 Nebraska $45,073

Kentucky $45,020 South Carolina $44,829 Tennessee $44,709 Idaho $44,661 New Mexico $44,312 Oklahoma $44,235 Alabama $43,953 South Dakota $43,479

Arkansas $43,221 West Virginia $43,082 Mississippi $42,666

Top Paying Cities for Loan Processors

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: $60,344
San Francisco: $59,751
Oakland: $58,426

San Jose, CA $60,344

San Francisco, CA $59,751

Oakland, CA $58,426

New York, NY $55,445

Queens Village, NY $55,086

Paramus, NJ $54,703

Passaic, NJ $54,656

Bergenfield, NJ $54,608

Stamford, CT $54,536

Huntington, NY $54,488

Newark, NJ $54,177

Bridgeport, CT $54,081

New Brunswick, NJ $53,924

Vallejo, CA $53,823

Middlesex, NJ $53,794

Somerset, NJ $53,751

Petaluma, CA $53,641

Santa Cruz, CA $53,455

Boston, MA $53,359

Monterey, CA $53,120

Fairbanks, AK $53,086

Los Angeles, CA $52,995

Washington, DC $52,971

Seattle, WA $52,885

Santa Rosa, CA $52,876

Juneau, AK $52,737

Orange, CA $52,579

Anchorage, AK $52,493

Anaheim, CA $52,460

Santa Ana, CA $52,388

Nassau, NY $52,359

Long Beach, CA $52,340

Danbury, CT $52,326

Santa Maria, CA $52,163

Everett, WA $52,153

Bremerton, WA $51,919

Trenton, NJ $51,828

Sacramento, CA $51,809

San Diego, CA $51,785

Brockton, MA $51,766

Tacoma, WA $51,747

Santa Barbara, CA $51,680

Lowell, MA $51,488

New Suffolk, NY $51,469

Nashua, NH $51,412

Lompoc, CA $51,335

Ventura, CA $51,287

Stockton, CA $51,273

New Haven, CT $51,177

Atlantic City, NJ $51,053

Hartford, CT $50,948

Modesto, CA $50,924

Poughkeepsie, NY $50,819

New Britain, CT $50,795

Olympia, WA $50,728

Kennewick, WA $50,728

New London, CT $50,718

Norwich, CT $50,704

Lawrence, MA $50,680

Bakersfield, CA $50,546

Riverside, CA $50,479

New Bedford, MA $50,479

Richland, WA $50,431

Portsmouth, NH $50,393

Vineland, NJ $50,383

San Bernardino, CA $50,345

Boulder, CO $50,211

Worcester, MA $50,173

Portland, OR $50,130

Saint Paul, MN $50,072

Minneapolis, MN $50,072

Philadelphia, PA $50,005

Honolulu, HI $49,752

Springfield, MA $49,584

Providence, RI $49,579

Chicago, IL $49,441

Bellingham, WA $49,383

Baltimore, MD $49,331

Chico, CA $49,211

Wilmington, DE $49,130

Pittsfield, MA $49,082

Manchester, NH $48,991

Spokane, WA $48,780

Denver, CO $48,776

Albany, NY $48,551

Troy, NY $48,532

Schenectady, NY $48,431

Burlington, VT $48,326

Portland, ME $48,158

Salem, OR $48,120

Yakima, WA $48,111

Ann Arbor, MI $48,096

Rochester, MN $47,962

Fresno, CA $47,938

Reno, NV $47,938

Milwaukee, WI $47,895

Detroit, MI $47,847

Allentown, PA $47,833

Carson City, NV $47,828

Houston, TX $47,757

Colorado Springs, CO $47,752

Syracuse, NY $47,728

Eugene, OR $47,637

Bismarck, ND $47,580

Gary, IN $47,580

Galveston, TX $47,580

Springfield, OR $47,541

Medford, OR $47,426

Fort Collins, CO $47,407

Austin, TX $47,369

Mesa, AZ $47,269

Phoenix, AZ $47,259

Dallas, TX $47,245

Reading, PA $47,216

Saint Cloud, MN $47,197

Concord, NH $47,154

Madison, WI $47,135

Utica, NY $47,005

Raleigh, NC $46,967

Las Vegas, NV $46,962

Rochester, NY $46,929

Des Moines, IA $46,924

Atlanta, GA $46,848

Battle Creek, MI $46,833

Salt Lake City, UT $46,819

Lancaster, PA $46,747

Champaign, IL $46,738

Harrisburg, PA $46,680

Durham, NC $46,637

Kansas City, MO $46,632

Kansas City, KS $46,623

Fort Worth, TX $46,618

Boca Raton, FL $46,599

Cleveland, OH $46,594

Columbus, OH $46,584

Pittsburgh, PA $46,580

Richmond, VA $46,561

Indianapolis, IN $46,551

Cincinnati, OH $46,489

Petersburg, VA $46,417

Billings, MT $46,312

Lansing, MI $46,312

Huntsville, AL $46,312

Lebanon, PA $46,307

Dayton, OH $46,302

Pueblo, CO $46,302

Appleton, WI $46,288

Buffalo, NY $46,269

Racine, WI $46,245

Charlotte, NC $46,240

Saint Louis, MO $46,226

Springfield, IL $46,206

Elkhart, IN $46,197

York, PA $46,197

Gastonia, NC $46,192

Benton Harbor, MI $46,192

Beaumont, TX $46,163

Lorain, OH $46,154

Toledo, OH $46,135

Binghamton, NY $46,111

Rock Hill, SC $46,106

Rockford, IL $46,082

Fargo, ND $46,058

Elyria, OH $46,058

Flagstaff, AZ $46,025

Fort Lauderdale, FL $45,996

Miami, FL $45,967

Duluth, MN $45,891

Bangor, ME $45,829

Cedar Rapids, IA $45,776

Louisville, KY $45,752

Grand Rapids, MI $45,742

Hialeah, FL $45,738

Casper, WY $45,671

Scranton, PA $45,613

New Orleans, LA $45,599

Virginia Beach, VA $45,594

Akron, OH $45,570

Peoria, IL $45,508

Sarasota, FL $45,498

Green Bay, WI $45,465

Baton Rouge, LA $45,441

Charleston, SC $45,431

Nashville, TN $45,417

Jamestown, NY $45,408

Davenport, IA $45,408

Tucson, AZ $45,384

Cheyenne, WY $45,369

Saint Petersburg, FL $45,355

Tampa, FL $45,345

Omaha, NE $45,336

Port Arthur, TX $45,317

Evansville, IN $45,317

Bradenton, FL $45,297

Santa Fe, NM $45,211

Orlando, FL $45,164

Clearwater, FL $45,111

Canton, OH $45,010

La Crosse, WI $45,010

Grand Forks, ND $44,996

Albuquerque, NM $44,982

Tulsa, OK $44,982

Newport News, VA $44,977

High Point, NC $44,963

Ogden, UT $44,943

Corpus Christi, TX $44,905

Laramie, WY $44,876

Norfolk, VA $44,876

Rock Island, IL $44,848

Saginaw, MI $44,838

Jacksonville, FL $44,833

Salisbury, NC $44,824

Memphis, TN $44,814

Moline, IL $44,790

Fort Myers, FL $44,776

Waterloo, IA $44,714

Spartanburg, SC $44,666

Lincoln, NE $44,642

Fort Wayne, IN $44,632

Birmingham, AL $44,580

Cedar Falls, IA $44,570

Provo, UT $44,565

Springfield, OH $44,561

San Antonio, TX $44,551

Greensboro, NC $44,532

South Bend, IN $44,527

Winston Salem, NC $44,522

Boise, ID $44,508

Savannah, GA $44,475

Muskegon, MI $44,388

Lima, OH $44,331

Lake Charles, LA $44,312

Anderson, IN $44,302

Lexington, KY $44,288

Augusta, GA $44,274

Greenville, SC $44,274

Wichita, KS $44,231

Tuscaloosa, AL $44,231

Columbia, SC $44,188

Bloomington, IN $44,068

Roanoke, VA $44,039

Asheville, NC $43,977

Knoxville, TN $43,896

Shreveport, LA $43,891

Wilmington, NC $43,829

Frankfort, KY $43,738

Oklahoma City, OK $43,704

Chillicothe, OH $43,685

Longview, TX $43,680

Topeka, KS $43,666

Mobile, AL $43,594

Terre Haute, IN $43,575

Erie, PA $43,570

Altoona, PA $43,546

Melbourne, FL $43,532

Amarillo, TX $43,513

Killeen, TX $43,499

Fayetteville, AR $43,460

Sioux Falls, SD $43,427

Chattanooga, TN $43,398

Idaho Falls, ID $43,393

Gainesville, FL $43,293

Portsmouth, OH $43,269

Little Rock, AR $43,259

Lynchburg, VA $43,259

Lafayette, LA $43,240

Youngstown, OH $43,240

Temple, TX $43,221

Daytona Beach, FL $43,212

Clarksville, TN $43,207

Pensacola, FL $43,202

Hopkinsville, KY $43,058

Charleston, WV $43,054

Florence, SC $43,030

Sioux City, IA $43,001

Macon, GA $42,862

Tallahassee, FL $42,857

Fayetteville, NC $42,848

Waco, TX $42,838

Wichita Falls, TX $42,838

Pine Bluff, AR $42,819

Vincennes, IN $42,728

Lubbock, TX $42,709

Great Falls, MT $42,680

Alamogordo, NM $42,676

Abilene, TX $42,637

Rapid City, SD $42,575

Monroe, LA $42,575

Albany, GA $42,547

Huntington, WV $42,542

Jackson, MS $42,537

Greenville, MS $42,532

Parkersburg, WV $42,484

Montgomery, AL $42,475

Johnstown, PA $42,465

Springfield, MO $42,427

Biloxi, MS $42,403

Sumter, SC $42,303

Columbus, GA $42,298

Twin Falls, ID $42,269

Pascagoula, MS $42,207

Kingsport, TN $42,082

Gulfport, MS $42,068

Alexandria, LA $41,910

Fort Smith, AR $41,791

El Paso, TX $41,661

Helena, MT $41,599

Las Cruces, NM $41,446

Harlingen, TX $41,312

Pocatello, ID $41,269

Florence, AL $41,255

Brownsville, TX $41,245

Dothan, AL $41,169

Mcallen, TX $41,145

Columbus, MS $40,791

Altus, OK $40,571

Lawton, OK $40,480

Pierre, SD $40,307

What Skills Can Increase a Loan Processor's Salary?

Demanded Skills for the Role:

Customer Service (Mentioned in 9.84% 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.
Data Entry (Mentioned in 2.85% Job Postings): Transcribing information into an electronic medium such as a computer or other electronic device.
Loan Review (Mentioned in 1.38% 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.

See More Skills

Skills	Demand Percentage
Customer Service	9.84%
Data Entry	2.85%
Loan Review	1.38%

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's salary.

Team Operations: Can increase your salary by up to 7%.
Leadership: Can increase your salary by up to 6%.
Onboarding: Can increase your salary by up to 5%.

Skill	Salary	Salary % Increase
Team Operations	$51,192	7%
Leadership	$50,713	6%
Onboarding	$50,235	5%
Prioritization	$50,235	5%
Presentation	$50,235	5%
Customer Relationship	$49,756	4%

Get Latest Data

How Education impacts a Loan Processor's Salary?

Your level of education can impact your salary potential. While many Loan Processors enter the field with a High School Diploma or Technical Certificate degree, higher education can lead to more specialized and higher-paying roles.

According to our 100% employer-reported salary data, the median salary for a Loan Processor with a High School Diploma or Technical Certificate is between $44,900 and $47,669).

Loan Processor Salaries by Degree Level

Typical Education for Loan Processor

No Diploma 48.5%

High School 48.5%

Associates 18.2%

Bachelors 27.3%

Masters 6.1%

Doctorate 0.0%

view as table

Degree Level	% of user with this level of education
No Diploma	48.5%
High School	48.5%
Associates	18.2%
Bachelors	27.3%
Masters	6.1%
Doctorate	0.0%

view as graph

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

Understanding how a Loan Processor'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 March 01, 2026

$44,205

Average $47,843/year

$52,670

$3,684

Average $3,987/month

$4,389

$850

Average $920/week

$1,013

$21

Average $23/hour

$25

	Annual Salary	Monthly Pay	Weekly Pay	Hourly Wage
75th Percentile	$52,670	$4,389	$1,013	$25
Average	$47,843	$3,987	$920	$23
25th Percentile	$44,205	$3,684	$850	$21

Salaries of jobs related to Loan Processor

Salary Trends for Loan Processor

Salaries for a Loan Processor can change over time, reflecting shifts in market demand and the overall economy. The median salary decreased from $43,924 in 2023 to around $43,868 in 2025, reflecting changes in demand, location, experience, and the wider economy. For a detailed analysis of Loan Processor salary trends, .

Average Annual Salary of Loan Processor Over Time

2022

$???

2023

$43,924

2024

$44,045

2025

$43,868

2026

$???

2027

$???

Year	Average Annual Salary
2022	View More
2023	$43,924
2024	$44,045
2025	$43,868
2026	View More
2027	View More

Most common benefits for Loan Processor

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Where Does Our Salary Data Come From?

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