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

What industry pays the highest salary for Loan Processor?

The Financial Services industry offers the highest average compensation for Loan Processor roles, with salaries approximately 30% above the market median.

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 $48,163, a Loan Processor (1-3 years)earns $53,952, a Loan Processor III (3-5 years)earns $65,403, a Loan Processing Supervisor (5+ years)earns $70,681,

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 $60,351, San Francisco $59,691, Oakland $58,433.

How much do different types of Loan Processor roles make?

Salaries for Loan Processor level roles vary by specialization: Sba Loan Processor: $60,345; Loan Processor III: $59,281; Jr Loan Processor: $50,800; Loan Processor II: $48,902; Retail Loan Processor: $47,424.

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 Rochelle Park, NJ

How much does a Loan Processor make in Rochelle Park, NJ?

As of July 01, 2026, the average salary for a Loan Processor in Rochelle Park, NJ is $54,355 per year, which breaks down to an hourly rate of $26.

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

Top Earners (90th percentile): $64,831
Majority Range (25th-75th percentile): $50,227 to $59,839
Entry-Level (10th percentile): $46,468

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Loan Processor Salaries by Percentile

	Annual Salary	Monthly Pay	Weekly Pay	Hourly Wage
75th Percentile	$59,839	$4,987	$1,151	$29
Average	$54,355	$4,530	$1,045	$26
25th Percentile	$50,227	$4,186	$966	$24

You may get higher pay by adjusting the following factors:

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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: $60,351
San Francisco: $59,691
Oakland: $58,433

San Jose, CA $60,351

San Francisco, CA $59,691

Oakland, CA $58,433

New York, NY $55,092

Paramus, NJ $54,422

Queens Village, NY $54,420

Passaic, NJ $54,375

Bergenfield, NJ $54,370

Stamford, CT $54,265

Huntington, NY $54,245

Newark, NJ $53,892

Bridgeport, CT $53,791

Vallejo, CA $53,696

New Brunswick, NJ $53,676

Petaluma, CA $53,648

Middlesex, NJ $53,557

Somerset, NJ $53,523

Santa Cruz, CA $53,461

Boston, MA $53,169

Monterey, CA $53,001

Seattle, WA $52,892

Santa Rosa, CA $52,882

Los Angeles, CA $52,868

Juneau, AK $52,743

Washington, DC $52,691

Orange, CA $52,520

Santa Ana, CA $52,394

Long Beach, CA $52,346

Anaheim, CA $52,337

Anchorage, AK $52,313

Santa Maria, CA $52,169

Everett, WA $52,160

Danbury, CT $51,991

Bremerton, WA $51,925

Tacoma, WA $51,753

New Suffolk, NY $51,752

Sacramento, CA $51,739

Santa Barbara, CA $51,686

Trenton, NJ $51,633

San Diego, CA $51,633

Brockton, MA $51,581

Fairbanks, AK $51,463

Lompoc, CA $51,341

Lowell, MA $51,303

Ventura, CA $51,294

Nashua, NH $51,284

Stockton, CA $51,279

Modesto, CA $50,930

Poughkeepsie, NY $50,825

Olympia, WA $50,734

Kennewick, WA $50,734

New Haven, CT $50,715

Lawrence, MA $50,542

Hartford, CT $50,495

Riverside, CA $50,485

New Bedford, MA $50,437

Richland, WA $50,437

Bakersfield, CA $50,370

San Bernardino, CA $50,351

New Britain, CT $50,346

Atlantic City, NJ $50,346

New London, CT $50,327

Norwich, CT $50,313

Portsmouth, NH $50,303

Boulder, CO $50,202

Portland, OR $50,136

Worcester, MA $50,131

Minneapolis, MN $49,983

Philadelphia, PA $49,916

Honolulu, HI $49,758

Saint Paul, MN $49,735

Vineland, NJ $49,724

Providence, RI $49,585

Chicago, IL $49,447

Bellingham, WA $49,389

Springfield, MA $49,351

Baltimore, MD $49,337

Chico, CA $49,217

Pittsfield, MA $49,088

Manchester, NH $48,997

Spokane, WA $48,786

Denver, CO $48,782

Albany, NY $48,557

Troy, NY $48,538

Nassau, NY $48,486

Schenectady, NY $48,437

Wilmington, DE $48,399

Burlington, VT $48,332

Salem, OR $48,313

Portland, ME $48,164

Yakima, WA $48,116

Rochester, MN $47,968

Reno, NV $47,944

Fresno, CA $47,944

Milwaukee, WI $47,901

Detroit, MI $47,853

Ann Arbor, MI $47,845

Allentown, PA $47,839

Colorado Springs, CO $47,758

Syracuse, NY $47,734

Carson City, NV $47,734

Houston, TX $47,667

Eugene, OR $47,643

Gary, IN $47,585

Springfield, OR $47,547

Bismarck, ND $47,537

Galveston, TX $47,504

Medford, OR $47,432

Fort Collins, CO $47,413

Concord, NH $47,389

Austin, TX $47,375

Mesa, AZ $47,274

Reading, PA $47,270

Phoenix, AZ $47,265

Dallas, TX $47,250

Saint Cloud, MN $47,204

Madison, WI $47,140

Utica, NY $47,011

Rochester, NY $46,935

Des Moines, IA $46,930

Raleigh, NC $46,925

Atlanta, GA $46,853

Battle Creek, MI $46,839

Salt Lake City, UT $46,825

Lancaster, PA $46,753

Harrisburg, PA $46,686

Kansas City, MO $46,638

Champaign, IL $46,628

Kansas City, KS $46,628

Fort Worth, TX $46,624

Columbus, OH $46,615

Boca Raton, FL $46,604

Pittsburgh, PA $46,585

Richmond, VA $46,566

Indianapolis, IN $46,557

Cleveland, OH $46,552

Las Vegas, NV $46,494

Cincinnati, OH $46,494

Petersburg, VA $46,423

Huntsville, AL $46,351

Lansing, MI $46,319

Lebanon, PA $46,313

Pueblo, CO $46,308

Appleton, WI $46,293

Buffalo, NY $46,274

Dayton, OH $46,260

Racine, WI $46,250

Charlotte, NC $46,246

Saint Louis, MO $46,231

York, PA $46,203

Elkhart, IN $46,203

Gastonia, NC $46,193

Billings, MT $46,182

Beaumont, TX $46,169

Lorain, OH $46,159

Benton Harbor, MI $46,150

Toledo, OH $46,140

Binghamton, NY $46,116

Rock Hill, SC $46,112

Rockford, IL $46,088

Springfield, IL $46,069

Elyria, OH $46,064

Fargo, ND $46,064

Flagstaff, AZ $46,030

Fort Lauderdale, FL $46,002

Duluth, MN $45,973

Miami, FL $45,973

Cheyenne, WY $45,939

Grand Forks, ND $45,939

Bangor, ME $45,834

Cedar Rapids, IA $45,781

Durham, NC $45,761

Louisville, KY $45,758

Grand Rapids, MI $45,748

Hialeah, FL $45,743

Casper, WY $45,676

Scranton, PA $45,619

New Orleans, LA $45,604

Virginia Beach, VA $45,600

Akron, OH $45,576

Peoria, IL $45,513

Sarasota, FL $45,504

Nashville, TN $45,470

Omaha, NE $45,470

Green Bay, WI $45,470

Baton Rouge, LA $45,447

Charleston, SC $45,437

Jamestown, NY $45,413

Davenport, IA $45,413

Tucson, AZ $45,389

Saint Petersburg, FL $45,360

Tampa, FL $45,351

Evansville, IN $45,322

Port Arthur, TX $45,322

Bradenton, FL $45,303

Santa Fe, NM $45,217

Orlando, FL $45,131

Clearwater, FL $45,116

Canton, OH $45,016

La Crosse, WI $45,016

Albuquerque, NM $44,987

Newport News, VA $44,982

High Point, NC $44,968

Ogden, UT $44,949

Corpus Christi, TX $44,911

Norfolk, VA $44,882

Laramie, WY $44,882

Rock Island, IL $44,853

Saginaw, MI $44,844

Jacksonville, FL $44,839

Salisbury, NC $44,829

Boise, ID $44,820

Moline, IL $44,796

Fort Myers, FL $44,781

Memphis, TN $44,772

Tulsa, OK $44,748

Waterloo, IA $44,719

Spartanburg, SC $44,671

Lincoln, NE $44,647

Fort Wayne, IN $44,638

Provo, UT $44,633

Cedar Falls, IA $44,576

San Antonio, TX $44,557

Greensboro, NC $44,537

South Bend, IN $44,533

Savannah, GA $44,480

Muskegon, MI $44,461

Birmingham, AL $44,456

Winston Salem, NC $44,433

Lake Charles, LA $44,317

Anderson, IN $44,308

Lexington, KY $44,293

Augusta, GA $44,279

Greenville, SC $44,279

Lima, OH $44,241

Wichita, KS $44,236

Tuscaloosa, AL $44,236

Columbia, SC $44,193

Springfield, OH $44,183

Asheville, NC $44,107

Bloomington, IN $44,073

Knoxville, TN $43,901

Shreveport, LA $43,896

Wilmington, NC $43,834

Roanoke, VA $43,834

Topeka, KS $43,748

Frankfort, KY $43,743

Oklahoma City, OK $43,710

Chillicothe, OH $43,690

Longview, TX $43,686

Melbourne, FL $43,681

Sioux Falls, SD $43,604

Mobile, AL $43,600

Terre Haute, IN $43,580

Altoona, PA $43,552

Amarillo, TX $43,518

Killeen, TX $43,504

Fayetteville, AR $43,466

Chattanooga, TN $43,451

Sioux City, IA $43,408

Idaho Falls, ID $43,399

Lynchburg, VA $43,360

Gainesville, FL $43,298

Portsmouth, OH $43,274

Little Rock, AR $43,265

Lafayette, LA $43,245

Youngstown, OH $43,245

Daytona Beach, FL $43,217

Clarksville, TN $43,212

Pensacola, FL $43,207

Temple, TX $43,204

Hopkinsville, KY $43,064

Erie, PA $43,054

Florence, SC $43,035

Charleston, WV $42,958

Great Falls, MT $42,934

Macon, GA $42,867

Tallahassee, FL $42,863

Fayetteville, NC $42,853

Waco, TX $42,844

Helena, MT $42,810

Pine Bluff, AR $42,792

Vincennes, IN $42,733

Lubbock, TX $42,714

Alamogordo, NM $42,686

Twin Falls, ID $42,643

Rapid City, SD $42,628

Jackson, MS $42,542

Huntington, WV $42,539

Greenville, MS $42,537

Parkersburg, WV $42,489

Montgomery, AL $42,480

Wichita Falls, TX $42,432

Springfield, MO $42,432

Biloxi, MS $42,408

Monroe, LA $42,360

Johnstown, PA $42,327

Sumter, SC $42,308

Columbus, GA $42,303

Pascagoula, MS $42,212

Abilene, TX $42,212

Kingsport, TN $42,088

Albany, GA $42,088

Gulfport, MS $42,073

Alexandria, LA $41,915

Fort Smith, AR $41,796

El Paso, TX $41,666

Las Cruces, NM $41,451

Harlingen, TX $41,330

Pocatello, ID $41,322

Florence, AL $41,260

Brownsville, TX $41,250

Mcallen, TX $41,150

Dothan, AL $41,083

Columbus, MS $40,799

Altus, OK $40,576

Lawton, OK $40,485

Pierre, SD $40,312

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	$58,160	7%
Leadership	$57,617	6%
Onboarding	$57,073	5%
Prioritization	$57,073	5%
Presentation	$57,073	5%
Customer Relationship	$56,530	4%

Get Latest Data

Loan Processor Salary by Industry: Top Paying Sectors

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.

The top paying industry for a Loan Processor

Industry Sector	Average Annual Salary	Average Hourly Rate	Pay vs.Avg
Financial Services	$70,662	$34.0	30%

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 July 01, 2026

$50,227

Average $54,355/year

$59,839

$4,186

Average $4,530/month

$4,987

$966

Average $1,045/week

$1,151

$24

Average $26/hour

$29

	Annual Salary	Monthly Pay	Weekly Pay	Hourly Wage
75th Percentile	$59,839	$4,987	$1,151	$29
Average	$54,355	$4,530	$1,045	$26
25th Percentile	$50,227	$4,186	$966	$24

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