Entry Level Loan Processor Salaries in New Mexico
How Much Does an Entry Level Loan Processor Make in New Mexico?
Updated April 01, 2025
As of April 01, 2025,
the average annual pay of Entry Level Loan Processor in New Mexico is $41,375.
While Salary.com is seeing that Entry Level Loan Processor salary in NM can go up to $52,155
or down to $30,080, but most earn between $35,463 and $47,018.
Salary ranges can vary widely depending on many important factors,
including education, certifications, additional skills, and your experience levels.
With more online, real-time compensation data than any other website, Salary.com helps you determine your exact pay target.
Related Job Titles to Entry Level Loan Processor
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Similar Job Salaries to Entry Level Loan Processor by Company
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| Company | average base salary in (usd) | range |
|---|---|---|
|
Snelling Staffing, L.L.C.
Loan Processor
|
$48,278/yr
|
RANGE: $42,255 - $54,300
|
|
Latitude Inc
Entry Level Loan Processor
|
$69,280/yr
|
RANGE: $58,137 - $80,422
|
|
BMO U.S.
NMLS Certified Loan Processor
|
$57,210/yr
|
RANGE: $47,169 - $67,250
|
|
Sunward Federal Credit Union
Mortgage Loan Processor 2
|
$66,639/yr
|
RANGE: $56,212 - $77,065
|
|
Homewise
Mortgage Loan Processor
|
$54,362/yr
|
RANGE: $47,141 - $61,583
|
|
Sunward Federal Credit Union
Direct Loan Processor 1
|
$61,901/yr
|
RANGE: $53,313 - $70,488
|
|
Sunward
Consumer Direct Loan Processor 1
|
$95,486/yr
|
RANGE: $78,777 - $112,194
|
|
Sunward Federal Credit Union
Consumer Direct Loan Processor 1
|
$95,486/yr
|
RANGE: $78,777 - $112,194
|
|
DISH
Account Executive - Entry Level
|
$76,197/yr
|
RANGE: $62,423 - $89,972
|
Top 10 Highest Paying Cities For Entry Level Loan Processor Jobs in New Mexico
It is important to understand how location impacts your career prospects in the United States.
There are some cities where an Entry Level Loan Processor can find a job easily with a greater salary paid then achieve a higher standard of living.
Below is the top cities list for Entry Level Loan Processor job salaries in New Mexico.
Some cities can pay higher salaries for Entry Level Loan Processor jobs, which can indicate that there is a large demand for Entry Level Loan Processor positions in this city.
The following table shows top 10 cities where the Entry Level Loan Processor salary is higher than other cities in New Mexico.
Santa Fe takes first place in this list, followed by Albuquerque, Rio Rancho.
The Entry Level Loan Processor salary is $42,215 in Santa Fe,
which is lower than the national average. There is 0 city's Entry Level Loan Processor salary higher than national average in New Mexico.
The average salary for an Entry Level Loan Processor in New Mexico is $41,375,
but we found that the city with the highest salary for Entry Level Loan Processor jobs is Santa Fe, NM, and it is higher than Albuquerque.
Entry Level Loan Processor jobs in Santa Fe can have the opportunity to earn higher salaries than in other cities in New Mexico.
| CITY | ANNUAL SALARY | MONTHLY PAY | WEEKLY PAY | HOURLY WAGE |
| Santa Fe | $42,215 | $3,518 | $812 | $20 |
| Albuquerque | $42,000 | $3,500 | $808 | $20 |
| Rio Rancho | $41,866 | $3,489 | $805 | $20 |
| Farmington | $41,437 | $3,453 | $797 | $20 |
| Clovis | $39,896 | $3,325 | $767 | $19 |
| Alamogordo | $39,847 | $3,321 | $766 | $19 |
| Hobbs | $39,521 | $3,293 | $760 | $19 |
| Roswell | $39,177 | $3,265 | $753 | $19 |
| Sunland Park | $38,900 | $3,242 | $748 | $19 |
| Las Cruces | $38,699 | $3,225 | $744 | $19 |
What Does an Entry Level Loan Processor Do?
To become an entry-level mortgage loan processor, you need a high school diploma or equivalent and be familiar with the mortgage loan process.
Updated November 27, 2021
Loan processors must communicate regularly with loan officers and lenders to complete the loan process.
Updated November 25, 2021
Entry-level mortgage loan processors work under the supervision of senior employees to review loan documents and move them forward to the next stage.
Updated November 24, 2021
Because this is an entry-level position, companies do not expect candidates to have work experience, but any previous roles related to the industry, such as working for a bank, is helpful.
Updated November 17, 2021
Entry-level role for Big4Bank in Parramatta | Next to station | WFH 3 days after training | Interview NOW .
Updated November 01, 2021
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Explore JobArchitectFrequently Asked Questions About an Entry Level Loan Processor Salaries
What is the average of an Entry Level Loan Processor in New Mexico?
The Entry Level Loan Processor salary range is from $35,463 to $47,018, and the average Entry Level Loan Processor salary is $41,375/year in New Mexico.
The Entry Level Loan Processor's salary will change in different locations.
Which location pays the highest Entry Level Loan Processor salary in the United States?
The Entry Level Loan Processor salary in San Jose, CA is $56,344
which is the highest in the US.
What kinds of reasons will influence the Entry Level Loan Processor's salary?
Besides the location, employees' education degree, related skills, and work experience also will influence the salary.
Try to improve your skills and experience to get a higher salary for the position of Entry Level Loan Processor.
What is the growth rate of the Entry Level Loan Processor's salary?
If you are thinking of becoming an Entry Level Loan Processor or planning the next step in your career, find the detailed salary report of an Entry Level Loan Processor.
