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: starting around $46,300 for beginners, reaching about $48,691 at mid-level, and approach $49,969 for experts.

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 $52,968, California $52,767, Massachusetts $52,064. 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: Business Loan Processor: $59,690; Commercial Loan Processor: $59,681; Loan Processor III: $59,222; Junior Loan Processor: $56,563; Jr Loan Processor: $50,782.

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 January 01, 2026, the average salary for a Loan Processor in the United States is $47,840 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): $57,060
Majority Range (25th-75th percentile): $44,200 to $52,666
Entry-Level (10th percentile): $40,886

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Loan Processor Salaries by Percentile

	Annual Salary	Monthly Pay	Weekly Pay	Hourly Wage
75th Percentile	$52,666	$4,389	$1,013	$25
Average	$47,840	$3,987	$920	$23
25th Percentile	$44,200	$3,683	$850	$21

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Check out Loan Processor Job Openings in the United States

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BD Capital - WARREN, NJ

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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 Experience Level Affects Loan Processor Salaries?

Experience is a primary driver of a Loan Processor'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:

Entry-Level (less than 1 year): $46,300
Early Career (1-2 years): $46,408
Mid-Level (2-4 years): $48,691
Senior-Level (5-8 years): $49,827
Expert (over 8 years): $49,969

Levels	Salary
Entry Level Loan Processor	$46,300
Intermediate Level Loan Processor	$46,408
Senior Level Loan Processor	$48,691
Specialist Level Loan Processor	$49,827
Expert Level Loan Processor	$49,969

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What Am I Worth?

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: $52,968.
California: $52,767.
Massachusetts: $52,064.

District of Columbia $52,968 California $52,767 Massachusetts $52,064 Washington $51,873 New Jersey $51,853 Alaska $51,786 Connecticut $51,126 New York $50,858

Hawaii $50,002 Rhode Island $49,600 Maryland $49,328 Minnesota $48,954 Colorado $48,811 Illinois $48,763 Oregon $48,581 Delaware $48,447

New Hampshire $48,363 Virginia $48,175 Pennsylvania $47,624 Nevada $47,347 North Dakota $47,256 Michigan $47,113 Wisconsin $47,060 Vermont $46,955

Texas $46,663 Maine $46,644 Arizona $46,615 Ohio $46,582 Georgia $46,141 Indiana $45,921 Wyoming $45,878 Utah $45,811

Iowa $45,783 Kansas $45,553 Louisiana $45,486 North Carolina $45,462 Missouri $45,452 Florida $45,266 Montana $45,165 Nebraska $45,070

Kentucky $45,017 South Carolina $44,826 Tennessee $44,706 Idaho $44,658 New Mexico $44,309 Oklahoma $44,233 Alabama $43,950 South Dakota $43,477

Arkansas $43,218 West Virginia $43,080 Mississippi $42,663

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: $60,340
San Francisco: $59,747
Oakland: $58,422

San Jose, CA $60,340

San Francisco, CA $59,747

Oakland, CA $58,422

New York, NY $55,441

Queens Village, NY $55,083

Paramus, NJ $54,700

Passaic, NJ $54,652

Bergenfield, NJ $54,604

Stamford, CT $54,532

Huntington, NY $54,485

Newark, NJ $54,174

Bridgeport, CT $54,078

New Brunswick, NJ $53,920

Vallejo, CA $53,820

Middlesex, NJ $53,791

Somerset, NJ $53,748

Petaluma, CA $53,638

Santa Cruz, CA $53,451

Boston, MA $53,356

Monterey, CA $53,116

Fairbanks, AK $53,083

Los Angeles, CA $52,992

Washington, DC $52,968

Seattle, WA $52,882

Santa Rosa, CA $52,872

Juneau, AK $52,734

Orange, CA $52,576

Anchorage, AK $52,490

Anaheim, CA $52,456

Santa Ana, CA $52,384

Nassau, NY $52,356

Long Beach, CA $52,337

Danbury, CT $52,322

Santa Maria, CA $52,160

Everett, WA $52,150

Bremerton, WA $51,916

Trenton, NJ $51,825

Sacramento, CA $51,806

San Diego, CA $51,782

Brockton, MA $51,763

Tacoma, WA $51,743

Santa Barbara, CA $51,676

Lowell, MA $51,485

New Suffolk, NY $51,466

Nashua, NH $51,409

Lompoc, CA $51,332

Ventura, CA $51,284

Stockton, CA $51,270

New Haven, CT $51,174

Atlantic City, NJ $51,050

Hartford, CT $50,944

Modesto, CA $50,921

Poughkeepsie, NY $50,815

New Britain, CT $50,791

Olympia, WA $50,724

Kennewick, WA $50,724

New London, CT $50,715

Norwich, CT $50,701

Lawrence, MA $50,677

Bakersfield, CA $50,543

Riverside, CA $50,476

New Bedford, MA $50,476

Richland, WA $50,428

Portsmouth, NH $50,390

Vineland, NJ $50,380

San Bernardino, CA $50,342

Boulder, CO $50,208

Worcester, MA $50,169

Portland, OR $50,126

Saint Paul, MN $50,069

Minneapolis, MN $50,069

Philadelphia, PA $50,002

Honolulu, HI $49,749

Springfield, MA $49,581

Providence, RI $49,576

Chicago, IL $49,438

Bellingham, WA $49,380

Baltimore, MD $49,328

Chico, CA $49,208

Wilmington, DE $49,127

Pittsfield, MA $49,079

Manchester, NH $48,988

Spokane, WA $48,777

Denver, CO $48,773

Albany, NY $48,548

Troy, NY $48,529

Schenectady, NY $48,428

Burlington, VT $48,323

Portland, ME $48,155

Salem, OR $48,117

Yakima, WA $48,108

Ann Arbor, MI $48,093

Rochester, MN $47,959

Fresno, CA $47,935

Reno, NV $47,935

Milwaukee, WI $47,892

Detroit, MI $47,844

Allentown, PA $47,830

Carson City, NV $47,825

Houston, TX $47,754

Colorado Springs, CO $47,749

Syracuse, NY $47,725

Eugene, OR $47,634

Bismarck, ND $47,577

Gary, IN $47,577

Galveston, TX $47,577

Springfield, OR $47,538

Medford, OR $47,423

Fort Collins, CO $47,404

Austin, TX $47,366

Mesa, AZ $47,266

Phoenix, AZ $47,256

Dallas, TX $47,242

Reading, PA $47,213

Saint Cloud, MN $47,194

Concord, NH $47,151

Madison, WI $47,132

Utica, NY $47,003

Raleigh, NC $46,964

Las Vegas, NV $46,959

Rochester, NY $46,926

Des Moines, IA $46,921

Atlanta, GA $46,845

Battle Creek, MI $46,830

Salt Lake City, UT $46,816

Lancaster, PA $46,744

Champaign, IL $46,735

Harrisburg, PA $46,677

Durham, NC $46,634

Kansas City, MO $46,629

Kansas City, KS $46,620

Fort Worth, TX $46,615

Boca Raton, FL $46,596

Cleveland, OH $46,591

Columbus, OH $46,582

Pittsburgh, PA $46,577

Richmond, VA $46,558

Indianapolis, IN $46,548

Cincinnati, OH $46,486

Petersburg, VA $46,414

Billings, MT $46,309

Lansing, MI $46,309

Huntsville, AL $46,309

Lebanon, PA $46,304

Dayton, OH $46,299

Pueblo, CO $46,299

Appleton, WI $46,285

Buffalo, NY $46,266

Racine, WI $46,242

Charlotte, NC $46,237

Saint Louis, MO $46,223

Springfield, IL $46,204

Elkhart, IN $46,194

York, PA $46,194

Gastonia, NC $46,189

Benton Harbor, MI $46,189

Beaumont, TX $46,161

Lorain, OH $46,151

Toledo, OH $46,132

Binghamton, NY $46,108

Rock Hill, SC $46,103

Rockford, IL $46,079

Fargo, ND $46,055

Elyria, OH $46,055

Flagstaff, AZ $46,022

Fort Lauderdale, FL $45,993

Miami, FL $45,964

Duluth, MN $45,888

Bangor, ME $45,826

Cedar Rapids, IA $45,773

Louisville, KY $45,749

Grand Rapids, MI $45,740

Hialeah, FL $45,735

Casper, WY $45,668

Scranton, PA $45,610

New Orleans, LA $45,596

Virginia Beach, VA $45,591

Akron, OH $45,567

Peoria, IL $45,505

Sarasota, FL $45,496

Green Bay, WI $45,462

Baton Rouge, LA $45,438

Charleston, SC $45,429

Nashville, TN $45,414

Jamestown, NY $45,405

Davenport, IA $45,405

Tucson, AZ $45,381

Cheyenne, WY $45,366

Saint Petersburg, FL $45,352

Tampa, FL $45,342

Omaha, NE $45,333

Port Arthur, TX $45,314

Evansville, IN $45,314

Bradenton, FL $45,295

Santa Fe, NM $45,209

Orlando, FL $45,161

Clearwater, FL $45,108

Canton, OH $45,008

La Crosse, WI $45,008

Grand Forks, ND $44,993

Albuquerque, NM $44,979

Tulsa, OK $44,979

Newport News, VA $44,974

High Point, NC $44,960

Ogden, UT $44,941

Corpus Christi, TX $44,902

Laramie, WY $44,874

Norfolk, VA $44,874

Rock Island, IL $44,845

Saginaw, MI $44,835

Jacksonville, FL $44,831

Salisbury, NC $44,821

Memphis, TN $44,811

Moline, IL $44,788

Fort Myers, FL $44,773

Waterloo, IA $44,711

Spartanburg, SC $44,663

Lincoln, NE $44,639

Fort Wayne, IN $44,630

Birmingham, AL $44,577

Cedar Falls, IA $44,567

Provo, UT $44,563

Springfield, OH $44,558

San Antonio, TX $44,548

Greensboro, NC $44,529

South Bend, IN $44,524

Winston Salem, NC $44,520

Boise, ID $44,505

Savannah, GA $44,472

Muskegon, MI $44,386

Lima, OH $44,328

Lake Charles, LA $44,309

Anderson, IN $44,300

Lexington, KY $44,285

Augusta, GA $44,271

Greenville, SC $44,271

Wichita, KS $44,228

Tuscaloosa, AL $44,228

Columbia, SC $44,185

Bloomington, IN $44,065

Roanoke, VA $44,036

Asheville, NC $43,974

Knoxville, TN $43,893

Shreveport, LA $43,888

Wilmington, NC $43,826

Frankfort, KY $43,735

Oklahoma City, OK $43,702

Chillicothe, OH $43,682

Longview, TX $43,678

Topeka, KS $43,663

Mobile, AL $43,592

Terre Haute, IN $43,572

Erie, PA $43,568

Altoona, PA $43,544

Melbourne, FL $43,529

Amarillo, TX $43,510

Killeen, TX $43,496

Fayetteville, AR $43,458

Sioux Falls, SD $43,424

Chattanooga, TN $43,395

Idaho Falls, ID $43,391

Gainesville, FL $43,290

Portsmouth, OH $43,266

Little Rock, AR $43,257

Lynchburg, VA $43,257

Lafayette, LA $43,238

Youngstown, OH $43,238

Temple, TX $43,218

Daytona Beach, FL $43,209

Clarksville, TN $43,204

Pensacola, FL $43,199

Hopkinsville, KY $43,056

Charleston, WV $43,051

Florence, SC $43,027

Sioux City, IA $42,998

Macon, GA $42,860

Tallahassee, FL $42,855

Fayetteville, NC $42,845

Waco, TX $42,836

Wichita Falls, TX $42,836

Pine Bluff, AR $42,817

Vincennes, IN $42,726

Lubbock, TX $42,707

Great Falls, MT $42,678

Alamogordo, NM $42,673

Abilene, TX $42,635

Rapid City, SD $42,573

Monroe, LA $42,573

Albany, GA $42,544

Huntington, WV $42,539

Jackson, MS $42,534

Greenville, MS $42,529

Parkersburg, WV $42,482

Montgomery, AL $42,472

Johnstown, PA $42,463

Springfield, MO $42,424

Biloxi, MS $42,400

Sumter, SC $42,300

Columbus, GA $42,295

Twin Falls, ID $42,266

Pascagoula, MS $42,204

Kingsport, TN $42,080

Gulfport, MS $42,065

Alexandria, LA $41,908

Fort Smith, AR $41,788

El Paso, TX $41,659

Helena, MT $41,597

Las Cruces, NM $41,444

Harlingen, TX $41,310

Pocatello, ID $41,267

Florence, AL $41,252

Brownsville, TX $41,243

Dothan, AL $41,166

Mcallen, TX $41,142

Columbus, MS $40,788

Altus, OK $40,568

Lawton, OK $40,477

Pierre, SD $40,305

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	$51,188	7%
Leadership	$50,710	6%
Onboarding	$50,232	5%
Prioritization	$50,232	5%
Presentation	$50,232	5%
Customer Relationship	$49,753	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 January 01, 2026

$44,200

Average $47,840/year

$52,666

$3,683

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	$52,666	$4,389	$1,013	$25
Average	$47,840	$3,987	$920	$23
25th Percentile	$44,200	$3,683	$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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