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 $43,129 for beginners, reaching about $45,356 at mid-level, and approach $46,546 for experts.

What are the highest paying cities for a Loan Processor?

Loan Processor salary varies significantly by city. The top 3 highest paying cities in Utah for Loan Processor roles are San Jose $60,340, San Francisco $59,747, Oakland $58,422.

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.

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 Orem, UT

How much does a Loan Processor make in Orem, UT?

As of January 01, 2026, the average salary for a Loan Processor in Orem, UT is $44,563 per year, which breaks down to an hourly rate of $21.

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

Top Earners (90th percentile): $53,151
Majority Range (25th-75th percentile): $41,172 to $49,058
Entry-Level (10th percentile): $38,086

Compensation Planning

Develop a Job Description

Pay Equity

2025 Compensation Trend

AI Onboarding

AI-Powered Talent

Salary Salary + Bonus Benefits

View as table

Loan Processor Salaries by Percentile

	Annual Salary	Monthly Pay	Weekly Pay	Hourly Wage
75th Percentile	$49,058	$4,088	$943	$24
Average	$44,563	$3,714	$857	$21
25th Percentile	$41,172	$3,431	$792	$20

You may get higher pay by adjusting the following factors:

Change Search Criteria

Check out Loan Processor Job Openings in Orem, UT

Loan Processor

Medallion Bank - Salt Lake City, UT

Loan Processor

Arrive Home - Sandy, UT

Bilingual Loan Processor - Provo

Dollar Loan Center, LLC - Provo, UT

SBA Loan Closer Processor

Celtic Bank - Salt Lake City, UT

Search More Loan Processor Jobs in Orem, UT

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.

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): $43,129
Early Career (1-2 years): $43,229
Mid-Level (2-4 years): $45,356
Senior-Level (5-8 years): $46,414
Expert (over 8 years): $46,546

Levels	Salary
Entry Level Loan Processor	$43,129
Intermediate Level Loan Processor	$43,229
Senior Level Loan Processor	$45,356
Specialist Level Loan Processor	$46,414
Expert Level Loan Processor	$46,546

View as Graph

What Am I Worth?

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	$47,682	7%
Leadership	$47,236	6%
Onboarding	$46,791	5%
Prioritization	$46,791	5%
Presentation	$46,791	5%
Customer Relationship	$46,345	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 January 01, 2026

$41,172

Average $44,563/year

$49,058

$3,431

Average $3,714/month

$4,088

$792

Average $857/week

$943

$20

Average $21/hour

$24

	Annual Salary	Monthly Pay	Weekly Pay	Hourly Wage
75th Percentile	$49,058	$4,088	$943	$24
Average	$44,563	$3,714	$857	$21
25th Percentile	$41,172	$3,431	$792	$20

Salaries of jobs related to Loan Processor

Find Your Next Loan Processor Job

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.

For Employees

Get a Salary Increase

Analyze the market and your qualifications to negotiate your salary with confidence.

Search Job Openings

Search thousands of open positions to find your next opportunity.

For Employers

Adjust Employee Salary

Individualize employee pay based on unique job requirements and personal qualifications.

Price My Industry Jobs

Get the latest market price for benchmark jobs and jobs in your industry.

Cost of Living In Orem, UT

Cost of Living in Orem, UT is

1.1% Higher

than the National Average

Use Salary.com's Cost of Living Calculator to find out what income you need to maintain your standard of living in a different city and how much more or less money you need to budget for basic expenses.

Explore Cost of Living Calculator

Empower Your Team

Salary.com experts will help you thrive your workplaces.

Find Salary.com Comp Consulting

See Salary Trends in 2025

Salary.com provides salary survey data for thousands of industry Jobs.

Price Your Company Jobs and Make Pay Fair

Where Does Our Salary Data Come From?

Salary.com salary estimates, histograms, trends, and comparisons are derived from both employer job postings and third-party data sources. We also provide multiple percentiles of salary information for your reference, click here to know Why the Salary Midpoint Formula Is Crucial to Getting Pay Equity Right. With more online, real-time compensation data than any other website, Salary.com helps you determine your exact pay target.

Are you an HR manager or compensation specialist?

Salary.com's CompAnalyst platform offers:

Detailed skills and competency reports for specific positions
Job and employee pricing reports
Compensation data tools, salary structures, surveys and benchmarks.

Learn about