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 $44,084, a Loan Processor (1-3 years)earns $49,380, a Loan Processor III (3-5 years)earns $59,853, a Loan Processing Supervisor (5+ years)earns $64,684,

What are the highest paying cities for a Loan Processor?

Loan Processor salary varies significantly by city. The top 3 highest paying cities in New Jersey for Loan Processor roles are San Jose $60,349, San Francisco $59,688, Oakland $58,430.

How much do different types of Loan Processor roles make?

Salaries for Loan Processor level roles vary by specialization: Sba Loan Processor: $60,359; Loan Processor III: $59,271; Jr Loan Processor: $50,796; Loan Processor II: $48,900; Retail Loan Processor: $47,340.

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 Ocean View, NJ

How much does a Loan Processor make in Ocean View, NJ?

As of June 01, 2026, the average salary for a Loan Processor in Ocean View, NJ is $49,749 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): $59,338
Majority Range (25th-75th percentile): $45,970 to $54,768
Entry-Level (10th percentile): $42,530

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Loan Processor Salaries by Percentile

	Annual Salary	Monthly Pay	Weekly Pay	Hourly Wage
75th Percentile	$54,768	$4,564	$1,053	$26
Average	$49,749	$4,146	$957	$24
25th Percentile	$45,970	$3,831	$884	$22

You may get higher pay by adjusting the following factors:

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Check out Loan Processor Job Openings in Ocean View, 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, 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: $60,349
San Francisco: $59,688
Oakland: $58,430

San Jose, CA $60,349

San Francisco, CA $59,688

Oakland, CA $58,430

New York, NY $55,090

Paramus, NJ $54,420

Queens Village, NY $54,418

Passaic, NJ $54,372

Bergenfield, NJ $54,368

Stamford, CT $54,263

Huntington, NY $54,243

Newark, NJ $53,890

Bridgeport, CT $53,789

Vallejo, CA $53,693

New Brunswick, NJ $53,674

Petaluma, CA $53,646

Middlesex, NJ $53,555

Somerset, NJ $53,521

Santa Cruz, CA $53,459

Boston, MA $53,167

Monterey, CA $52,999

Seattle, WA $52,890

Santa Rosa, CA $52,880

Los Angeles, CA $52,866

Juneau, AK $52,741

Washington, DC $52,689

Orange, CA $52,518

Santa Ana, CA $52,392

Long Beach, CA $52,344

Anaheim, CA $52,335

Anchorage, AK $52,311

Santa Maria, CA $52,167

Everett, WA $52,158

Danbury, CT $51,989

Bremerton, WA $51,923

Tacoma, WA $51,751

New Suffolk, NY $51,750

Sacramento, CA $51,737

Santa Barbara, CA $51,684

Trenton, NJ $51,631

San Diego, CA $51,631

Brockton, MA $51,579

Fairbanks, AK $51,461

Lompoc, CA $51,339

Lowell, MA $51,301

Ventura, CA $51,292

Nashua, NH $51,282

Stockton, CA $51,277

Modesto, CA $50,928

Poughkeepsie, NY $50,823

Olympia, WA $50,732

Kennewick, WA $50,732

New Haven, CT $50,713

Lawrence, MA $50,540

Hartford, CT $50,493

Riverside, CA $50,483

New Bedford, MA $50,435

Richland, WA $50,435

Bakersfield, CA $50,368

San Bernardino, CA $50,349

New Britain, CT $50,344

Atlantic City, NJ $50,344

New London, CT $50,325

Norwich, CT $50,311

Portsmouth, NH $50,301

Boulder, CO $50,200

Portland, OR $50,134

Worcester, MA $50,129

Minneapolis, MN $49,981

Philadelphia, PA $49,914

Honolulu, HI $49,756

Saint Paul, MN $49,733

Vineland, NJ $49,722

Providence, RI $49,583

Chicago, IL $49,445

Bellingham, WA $49,387

Springfield, MA $49,349

Baltimore, MD $49,335

Chico, CA $49,215

Pittsfield, MA $49,086

Manchester, NH $48,995

Spokane, WA $48,784

Denver, CO $48,780

Albany, NY $48,555

Troy, NY $48,536

Nassau, NY $48,484

Schenectady, NY $48,435

Wilmington, DE $48,397

Burlington, VT $48,330

Salem, OR $48,311

Portland, ME $48,162

Yakima, WA $48,115

Rochester, MN $47,966

Reno, NV $47,942

Fresno, CA $47,942

Milwaukee, WI $47,899

Detroit, MI $47,851

Ann Arbor, MI $47,843

Allentown, PA $47,837

Colorado Springs, CO $47,756

Syracuse, NY $47,732

Carson City, NV $47,732

Houston, TX $47,665

Eugene, OR $47,641

Gary, IN $47,583

Springfield, OR $47,545

Bismarck, ND $47,536

Galveston, TX $47,502

Medford, OR $47,430

Fort Collins, CO $47,411

Concord, NH $47,387

Austin, TX $47,373

Mesa, AZ $47,272

Reading, PA $47,268

Phoenix, AZ $47,263

Dallas, TX $47,249

Saint Cloud, MN $47,203

Madison, WI $47,138

Utica, NY $47,009

Rochester, NY $46,933

Des Moines, IA $46,928

Raleigh, NC $46,923

Atlanta, GA $46,851

Battle Creek, MI $46,837

Salt Lake City, UT $46,823

Lancaster, PA $46,751

Harrisburg, PA $46,684

Kansas City, MO $46,636

Champaign, IL $46,627

Kansas City, KS $46,627

Fort Worth, TX $46,622

Columbus, OH $46,614

Boca Raton, FL $46,603

Pittsburgh, PA $46,583

Richmond, VA $46,564

Indianapolis, IN $46,555

Cleveland, OH $46,550

Las Vegas, NV $46,493

Cincinnati, OH $46,493

Petersburg, VA $46,421

Huntsville, AL $46,349

Lansing, MI $46,317

Lebanon, PA $46,311

Pueblo, CO $46,306

Appleton, WI $46,292

Buffalo, NY $46,272

Dayton, OH $46,258

Racine, WI $46,249

Charlotte, NC $46,244

Saint Louis, MO $46,229

York, PA $46,201

Elkhart, IN $46,201

Gastonia, NC $46,192

Billings, MT $46,180

Beaumont, TX $46,167

Lorain, OH $46,158

Benton Harbor, MI $46,148

Toledo, OH $46,138

Binghamton, NY $46,115

Rock Hill, SC $46,110

Rockford, IL $46,086

Springfield, IL $46,067

Elyria, OH $46,062

Fargo, ND $46,062

Flagstaff, AZ $46,028

Fort Lauderdale, FL $46,000

Duluth, MN $45,971

Miami, FL $45,971

Cheyenne, WY $45,938

Grand Forks, ND $45,938

Bangor, ME $45,832

Cedar Rapids, IA $45,780

Durham, NC $45,760

Louisville, KY $45,756

Grand Rapids, MI $45,746

Hialeah, FL $45,741

Casper, WY $45,674

Scranton, PA $45,617

New Orleans, LA $45,603

Virginia Beach, VA $45,598

Akron, OH $45,574

Peoria, IL $45,512

Sarasota, FL $45,502

Nashville, TN $45,469

Omaha, NE $45,469

Green Bay, WI $45,469

Baton Rouge, LA $45,445

Charleston, SC $45,435

Jamestown, NY $45,411

Davenport, IA $45,411

Tucson, AZ $45,387

Saint Petersburg, FL $45,359

Tampa, FL $45,349

Evansville, IN $45,320

Port Arthur, TX $45,320

Bradenton, FL $45,301

Santa Fe, NM $45,215

Orlando, FL $45,129

Clearwater, FL $45,115

Canton, OH $45,014

La Crosse, WI $45,014

Albuquerque, NM $44,985

Newport News, VA $44,981

High Point, NC $44,966

Ogden, UT $44,947

Corpus Christi, TX $44,909

Norfolk, VA $44,880

Laramie, WY $44,880

Rock Island, IL $44,851

Saginaw, MI $44,842

Jacksonville, FL $44,837

Salisbury, NC $44,827

Boise, ID $44,818

Moline, IL $44,794

Fort Myers, FL $44,780

Memphis, TN $44,770

Tulsa, OK $44,746

Waterloo, IA $44,717

Spartanburg, SC $44,670

Lincoln, NE $44,646

Fort Wayne, IN $44,636

Provo, UT $44,631

Cedar Falls, IA $44,574

San Antonio, TX $44,555

Greensboro, NC $44,536

South Bend, IN $44,531

Savannah, GA $44,478

Muskegon, MI $44,459

Birmingham, AL $44,454

Winston Salem, NC $44,431

Lake Charles, LA $44,316

Anderson, IN $44,306

Lexington, KY $44,292

Augusta, GA $44,277

Greenville, SC $44,277

Lima, OH $44,239

Wichita, KS $44,234

Tuscaloosa, AL $44,234

Columbia, SC $44,191

Springfield, OH $44,182

Asheville, NC $44,105

Bloomington, IN $44,072

Knoxville, TN $43,899

Shreveport, LA $43,894

Wilmington, NC $43,832

Roanoke, VA $43,832

Topeka, KS $43,746

Frankfort, KY $43,741

Oklahoma City, OK $43,708

Chillicothe, OH $43,689

Longview, TX $43,684

Melbourne, FL $43,679

Sioux Falls, SD $43,603

Mobile, AL $43,598

Terre Haute, IN $43,579

Altoona, PA $43,550

Amarillo, TX $43,516

Killeen, TX $43,502

Fayetteville, AR $43,464

Chattanooga, TN $43,449

Sioux City, IA $43,406

Idaho Falls, ID $43,397

Lynchburg, VA $43,359

Gainesville, FL $43,296

Portsmouth, OH $43,272

Little Rock, AR $43,263

Lafayette, LA $43,244

Youngstown, OH $43,244

Daytona Beach, FL $43,215

Clarksville, TN $43,210

Pensacola, FL $43,205

Temple, TX $43,202

Hopkinsville, KY $43,062

Erie, PA $43,052

Florence, SC $43,033

Charleston, WV $42,957

Great Falls, MT $42,933

Macon, GA $42,866

Tallahassee, FL $42,861

Fayetteville, NC $42,851

Waco, TX $42,842

Helena, MT $42,808

Pine Bluff, AR $42,790

Vincennes, IN $42,732

Lubbock, TX $42,713

Alamogordo, NM $42,684

Twin Falls, ID $42,641

Rapid City, SD $42,627

Jackson, MS $42,540

Huntington, WV $42,537

Greenville, MS $42,536

Parkersburg, WV $42,487

Montgomery, AL $42,478

Wichita Falls, TX $42,430

Springfield, MO $42,430

Biloxi, MS $42,406

Monroe, LA $42,359

Johnstown, PA $42,325

Sumter, SC $42,306

Columbus, GA $42,301

Pascagoula, MS $42,210

Abilene, TX $42,210

Kingsport, TN $42,086

Albany, GA $42,086

Gulfport, MS $42,072

Alexandria, LA $41,914

Fort Smith, AR $41,794

El Paso, TX $41,665

Las Cruces, NM $41,450

Harlingen, TX $41,328

Pocatello, ID $41,320

Florence, AL $41,258

Brownsville, TX $41,249

Mcallen, TX $41,148

Dothan, AL $41,081

Columbus, MS $40,797

Altus, OK $40,574

Lawton, OK $40,483

Pierre, SD $40,311

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	$53,232	7%
Leadership	$52,734	6%
Onboarding	$52,237	5%
Prioritization	$52,237	5%
Presentation	$52,237	5%
Customer Relationship	$51,739	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 June 01, 2026

$45,970

Average $49,749/year

$54,768

$3,831

Average $4,146/month

$4,564

$884

Average $957/week

$1,053

$22

Average $24/hour

$26

	Annual Salary	Monthly Pay	Weekly Pay	Hourly Wage
75th Percentile	$54,768	$4,564	$1,053	$26
Average	$49,749	$4,146	$957	$24
25th Percentile	$45,970	$3,831	$884	$22

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