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 $45,054, a Loan Processor (1-3 years)earns $50,462, a Loan Processor III (3-5 years)earns $61,147, a Loan Processing Supervisor (5+ years)earns $66,083,

What are the highest paying cities for a Loan Processor?

Loan Processor salary varies significantly by city. The top 3 highest paying cities in Connecticut for Loan Processor roles are San Jose $60,345, San Francisco $59,752, Oakland $58,426.

How much do different types of Loan Processor roles make?

Salaries for Loan Processor level roles vary by specialization: Sba Loan Processor: $60,389; Loan Processor III: $59,251; Junior Loan Processor: $56,598; Jr Loan Processor: $50,790; Loan Processor II: $48,897.

What specialized skills increase a Loan Processor's salary?

Skills with high demand and low supply, such as Team Operations (up to 7% premium), Leadership (up to 6% premium), Onboarding (up to 5% premium), directly translate to higher compensation. Employers pay more for these capabilities to gain a competitive edge.

Loan Processor Salary in Cornwall, CT

How much does a Loan Processor make in Cornwall, CT?

As of April 01, 2026, the average salary for a Loan Processor in Cornwall, CT is $50,839 per year, which breaks down to an hourly rate of $24.

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

Top Earners (90th percentile): $60,633
Majority Range (25th-75th percentile): $46,973 to $55,966
Entry-Level (10th percentile): $43,453

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Loan Processor Salaries by Percentile

	Annual Salary	Monthly Pay	Weekly Pay	Hourly Wage
75th Percentile	$55,966	$4,664	$1,076	$27
Average	$50,839	$4,237	$978	$24
25th Percentile	$46,973	$3,914	$903	$23

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Check out Loan Processor Job Openings in Cornwall, CT

Loan Processor (Real Estate)

Atlantic Group - Stamford, CT

Residential Loan Processor/Underwriter

Essexsavings - Essex, CT

Real Estate Loan Processor — Hybrid, End-to-End Closings

Atlantic Group - Stamford, CT

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Gaston Dental Associates - GASTONIA, NC

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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, skills and company size can directly affect your earning potential.

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: $60,345
San Francisco: $59,752
Oakland: $58,426

San Jose, CA $60,345

San Francisco, CA $59,752

Oakland, CA $58,426

New York, NY $55,446

Queens Village, NY $55,087

Paramus, NJ $54,704

Passaic, NJ $54,656

Bergenfield, NJ $54,609

Stamford, CT $54,537

Huntington, NY $54,489

Newark, NJ $54,178

Bridgeport, CT $54,082

New Brunswick, NJ $53,924

Vallejo, CA $53,824

Middlesex, NJ $53,795

Somerset, NJ $53,752

Petaluma, CA $53,642

Santa Cruz, CA $53,456

Boston, MA $53,360

Monterey, CA $53,121

Fairbanks, AK $53,087

Los Angeles, CA $52,996

Washington, DC $52,972

Seattle, WA $52,886

Santa Rosa, CA $52,877

Juneau, AK $52,738

Orange, CA $52,580

Anchorage, AK $52,494

Anaheim, CA $52,460

Santa Ana, CA $52,389

Nassau, NY $52,360

Long Beach, CA $52,341

Danbury, CT $52,326

Santa Maria, CA $52,164

Everett, WA $52,154

Bremerton, WA $51,920

Trenton, NJ $51,829

Sacramento, CA $51,810

San Diego, CA $51,786

Brockton, MA $51,767

Tacoma, WA $51,748

Santa Barbara, CA $51,681

Lowell, MA $51,489

New Suffolk, NY $51,470

Nashua, NH $51,413

Lompoc, CA $51,336

Ventura, CA $51,288

Stockton, CA $51,274

New Haven, CT $51,178

Atlantic City, NJ $51,054

Hartford, CT $50,949

Modesto, CA $50,925

Poughkeepsie, NY $50,819

New Britain, CT $50,795

Olympia, WA $50,728

Kennewick, WA $50,728

New London, CT $50,719

Norwich, CT $50,705

Lawrence, MA $50,681

Bakersfield, CA $50,547

Riverside, CA $50,480

New Bedford, MA $50,480

Richland, WA $50,432

Portsmouth, NH $50,394

Vineland, NJ $50,384

San Bernardino, CA $50,346

Boulder, CO $50,212

Worcester, MA $50,173

Portland, OR $50,130

Saint Paul, MN $50,073

Minneapolis, MN $50,073

Philadelphia, PA $50,006

Honolulu, HI $49,752

Springfield, MA $49,585

Providence, RI $49,580

Chicago, IL $49,441

Bellingham, WA $49,384

Baltimore, MD $49,331

Chico, CA $49,212

Wilmington, DE $49,130

Pittsfield, MA $49,083

Manchester, NH $48,992

Spokane, WA $48,781

Denver, CO $48,776

Albany, NY $48,552

Troy, NY $48,532

Schenectady, NY $48,432

Burlington, VT $48,327

Portland, ME $48,159

Salem, OR $48,121

Yakima, WA $48,111

Ann Arbor, MI $48,097

Rochester, MN $47,963

Fresno, CA $47,939

Reno, NV $47,939

Milwaukee, WI $47,896

Detroit, MI $47,848

Allentown, PA $47,834

Carson City, NV $47,829

Houston, TX $47,757

Colorado Springs, CO $47,753

Syracuse, NY $47,729

Eugene, OR $47,638

Bismarck, ND $47,580

Gary, IN $47,580

Galveston, TX $47,580

Springfield, OR $47,542

Medford, OR $47,427

Fort Collins, CO $47,408

Austin, TX $47,370

Mesa, AZ $47,269

Phoenix, AZ $47,260

Dallas, TX $47,245

Reading, PA $47,217

Saint Cloud, MN $47,198

Concord, NH $47,155

Madison, WI $47,135

Utica, NY $47,006

Raleigh, NC $46,968

Las Vegas, NV $46,963

Rochester, NY $46,930

Des Moines, IA $46,925

Atlanta, GA $46,848

Battle Creek, MI $46,834

Salt Lake City, UT $46,820

Lancaster, PA $46,748

Champaign, IL $46,738

Harrisburg, PA $46,681

Durham, NC $46,638

Kansas City, MO $46,633

Kansas City, KS $46,623

Fort Worth, TX $46,619

Boca Raton, FL $46,600

Cleveland, OH $46,595

Columbus, OH $46,585

Pittsburgh, PA $46,580

Richmond, VA $46,561

Indianapolis, IN $46,552

Cincinnati, OH $46,490

Petersburg, VA $46,418

Billings, MT $46,313

Lansing, MI $46,313

Huntsville, AL $46,313

Lebanon, PA $46,308

Dayton, OH $46,303

Pueblo, CO $46,303

Appleton, WI $46,289

Buffalo, NY $46,269

Racine, WI $46,246

Charlotte, NC $46,241

Saint Louis, MO $46,226

Springfield, IL $46,207

Elkhart, IN $46,198

York, PA $46,198

Gastonia, NC $46,193

Benton Harbor, MI $46,193

Beaumont, TX $46,164

Lorain, OH $46,155

Toledo, OH $46,135

Binghamton, NY $46,112

Rock Hill, SC $46,107

Rockford, IL $46,083

Fargo, ND $46,059

Elyria, OH $46,059

Flagstaff, AZ $46,025

Fort Lauderdale, FL $45,997

Miami, FL $45,968

Duluth, MN $45,891

Bangor, ME $45,829

Cedar Rapids, IA $45,777

Louisville, KY $45,753

Grand Rapids, MI $45,743

Hialeah, FL $45,738

Casper, WY $45,671

Scranton, PA $45,614

New Orleans, LA $45,600

Virginia Beach, VA $45,595

Akron, OH $45,571

Peoria, IL $45,509

Sarasota, FL $45,499

Green Bay, WI $45,466

Baton Rouge, LA $45,442

Charleston, SC $45,432

Nashville, TN $45,418

Jamestown, NY $45,408

Davenport, IA $45,408

Tucson, AZ $45,384

Cheyenne, WY $45,370

Saint Petersburg, FL $45,356

Tampa, FL $45,346

Omaha, NE $45,337

Port Arthur, TX $45,317

Evansville, IN $45,317

Bradenton, FL $45,298

Santa Fe, NM $45,212

Orlando, FL $45,164

Clearwater, FL $45,112

Canton, OH $45,011

La Crosse, WI $45,011

Grand Forks, ND $44,997

Albuquerque, NM $44,982

Tulsa, OK $44,982

Newport News, VA $44,978

High Point, NC $44,963

Ogden, UT $44,944

Corpus Christi, TX $44,906

Laramie, WY $44,877

Norfolk, VA $44,877

Rock Island, IL $44,848

Saginaw, MI $44,839

Jacksonville, FL $44,834

Salisbury, NC $44,825

Memphis, TN $44,815

Moline, IL $44,791

Fort Myers, FL $44,777

Waterloo, IA $44,715

Spartanburg, SC $44,667

Lincoln, NE $44,643

Fort Wayne, IN $44,633

Birmingham, AL $44,581

Cedar Falls, IA $44,571

Provo, UT $44,566

Springfield, OH $44,561

San Antonio, TX $44,552

Greensboro, NC $44,533

South Bend, IN $44,528

Winston Salem, NC $44,523

Boise, ID $44,509

Savannah, GA $44,475

Muskegon, MI $44,389

Lima, OH $44,332

Lake Charles, LA $44,313

Anderson, IN $44,303

Lexington, KY $44,289

Augusta, GA $44,274

Greenville, SC $44,274

Wichita, KS $44,231

Tuscaloosa, AL $44,231

Columbia, SC $44,188

Bloomington, IN $44,069

Roanoke, VA $44,040

Asheville, NC $43,978

Knoxville, TN $43,896

Shreveport, LA $43,892

Wilmington, NC $43,829

Frankfort, KY $43,739

Oklahoma City, OK $43,705

Chillicothe, OH $43,686

Longview, TX $43,681

Topeka, KS $43,667

Mobile, AL $43,595

Terre Haute, IN $43,576

Erie, PA $43,571

Altoona, PA $43,547

Melbourne, FL $43,533

Amarillo, TX $43,514

Killeen, TX $43,499

Fayetteville, AR $43,461

Sioux Falls, SD $43,428

Chattanooga, TN $43,399

Idaho Falls, ID $43,394

Gainesville, FL $43,294

Portsmouth, OH $43,270

Little Rock, AR $43,260

Lynchburg, VA $43,260

Lafayette, LA $43,241

Youngstown, OH $43,241

Temple, TX $43,222

Daytona Beach, FL $43,212

Clarksville, TN $43,207

Pensacola, FL $43,203

Hopkinsville, KY $43,059

Charleston, WV $43,054

Florence, SC $43,030

Sioux City, IA $43,002

Macon, GA $42,863

Tallahassee, FL $42,858

Fayetteville, NC $42,849

Waco, TX $42,839

Wichita Falls, TX $42,839

Pine Bluff, AR $42,820

Vincennes, IN $42,729

Lubbock, TX $42,710

Great Falls, MT $42,681

Alamogordo, NM $42,676

Abilene, TX $42,638

Rapid City, SD $42,576

Monroe, LA $42,576

Albany, GA $42,547

Huntington, WV $42,542

Jackson, MS $42,538

Greenville, MS $42,533

Parkersburg, WV $42,485

Montgomery, AL $42,475

Johnstown, PA $42,466

Springfield, MO $42,428

Biloxi, MS $42,404

Sumter, SC $42,303

Columbus, GA $42,298

Twin Falls, ID $42,270

Pascagoula, MS $42,208

Kingsport, TN $42,083

Gulfport, MS $42,069

Alexandria, LA $41,911

Fort Smith, AR $41,791

El Paso, TX $41,662

Helena, MT $41,600

Las Cruces, NM $41,447

Harlingen, TX $41,313

Pocatello, ID $41,270

Florence, AL $41,255

Brownsville, TX $41,246

Dothan, AL $41,169

Mcallen, TX $41,145

Columbus, MS $40,791

Altus, OK $40,571

Lawton, OK $40,480

Pierre, SD $40,308

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	$54,397	7%
Leadership	$53,889	6%
Onboarding	$53,380	5%
Prioritization	$53,380	5%
Presentation	$53,380	5%
Customer Relationship	$52,872	4%

Get Latest Data

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 April 01, 2026

$46,973

Average $50,839/year

$55,966

$3,914

Average $4,237/month

$4,664

$903

Average $978/week

$1,076

$23

Average $24/hour

$27

	Annual Salary	Monthly Pay	Weekly Pay	Hourly Wage
75th Percentile	$55,966	$4,664	$1,076	$27
Average	$50,839	$4,237	$978	$24
25th Percentile	$46,973	$3,914	$903	$23

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