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As of August 01, 2026, the average salary for a Loan Processor in Maryland is $49,338 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:
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Loan Processor Salaries by Percentile
| Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
|
| 75th Percentile | $54,315 | $4,526 | $1,045 | $26 |
| Average | $49,338 | $4,111 | $949 | $24 |
| 25th Percentile | $45,591 | $3,799 | $877 | $22 |
NVR, Inc. - Frederick, MD
HFS Financial LLC - Reisterstown, MD
Harry and David - MEDFORD, OR
Northwell Health - MANHASSET, NY
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 and company size can directly affect your earning potential.
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:
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:
For Loan Processor roles, the industry you choose can impact your earning potential by as much as 50% (the gap between the highest and lowest paying industries). Data shows that the highest-paying industry, Financial Services, offers compensation 30% above the average. Conversely, Loan Processor positions in Business Services typically offer lower base pay, as this sector often view Loan Processor as a support function rather than a direct revenue driver.
| Industry Sector | Average Annual Salary | Average Hourly Rate | Pay vs.Avg |
|---|---|---|---|
| Financial Services | $64,139 | $31.0 | 30% |
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.
| Annual Salary | Monthly Pay | Weekly Pay | Hourly Wage | |
|---|---|---|---|---|
| 75th Percentile | $54,315 | $4,526 | $1,045 | $26 |
| Average | $49,338 | $4,111 | $949 | $24 |
| 25th Percentile | $45,591 | $3,799 | $877 | $22 |
Ready to take the next step in your career? Browse thousands of current Loan Processor job openings on our job board. Use the search bar below to find your perfect match.
Loomis US
NASHVILLE, TN
Loomis US | NASHVILLE, TN
As a Coin Processor, you work with your team to maintain inventory in our cash vaults for our Loomis customers Responsibilities Count, sort, and handle coi... more
4 Days Ago
CNY Family Care, LLP
EAST SYRACUSE, NY
CNY Family Care, LLP | EAST SYRACUSE, NY
Phlebotomist and Specimen Processor Full-Time Monday - Friday 11:30am - 8pm and Saturday 9am - 2pm rotation (once/month) $17.50 -$20.50/hour Non-Exempt Phl... more
8 Days Ago
First Horizon Bank
MEMPHIS, MS
First Horizon Bank | MEMPHIS, MS
Locations: Onsite with location listed SUMMARY Responsible for working independently on complex issues, while exhibiting a solid understanding of loan docu... more
4 Days Ago
First Horizon Bank
BEMIS, TN
First Horizon Bank | BEMIS, TN
Location : On site in Memphis, TN or Jackson, TN Summary : Do you want to help people in one of the biggest purchases of their lives. Being a mortgage loan... more
4 Days Ago
First Horizon Bank
WEST MIAMI, FL
First Horizon Bank | WEST MIAMI, FL
Location : On site at location listed in job posting. Summary : Do you want to help people in one of the biggest purchases of their lives. Being a mortgage... more
4 Days Ago
Markful
EL CAJON, CA
Markful | EL CAJON, CA
Workflow Processor Department: Workflow & Fulfillment Reports To: Director of Workflow & Fulfillment Position Summary The Workflow Processor plays a key ro... more
4 Days Ago
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