Home Loan Processor Salaries in Cedar Rapids, IA
How Much Does a Home Loan Processor Make in Cedar Rapids, IA?
Updated May 01, 2025
As of May 01, 2025,
the average annual pay of Home Loan Processor in Cedar Rapids, IA is $43,760.
While Salary.com is seeing that Home Loan Processor salary in Cedar Rapids, IA can go up to $53,821
or down to $35,388, but most earn between $39,378 and $49,026.
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 Home Loan Processor
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Similar Job Salaries to Home Loan Processor by Company
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| Company | average base salary in (usd) | range |
|---|---|---|
|
Iowa State Savings Bank
Loan Processor
|
$62,356/yr
|
RANGE: $53,696 - $71,015
|
|
Central Bank
Mortgage Loan Processor
|
$60,636/yr
|
RANGE: $53,245 - $68,026
|
|
Greater Iowa Credit Union
Mortgage Loan Processor & Closer
|
$64,098/yr
|
RANGE: $54,770 - $73,426
|
|
Collabera
Loan Documentation Processor
|
$62,933/yr
|
RANGE: $54,194 - $71,673
|
|
TalentBridge
Loan Documentation Processor 2
|
$62,252/yr
|
RANGE: $53,145 - $71,359
|
|
Collabera
Loan Documentation Processor 2
|
$62,252/yr
|
RANGE: $53,145 - $71,359
|
|
MidWestOne Bank
Consumer Loan Processor
|
$60,149/yr
|
RANGE: $51,779 - $68,518
|
|
Boeing Employees Credit Union
Home Equity Loan Processor
|
$64,920/yr
|
RANGE: $55,863 - $73,978
|
|
WELLS FARGO BANK
Senior Home Loan Processor
|
$71,767/yr
|
RANGE: $61,754 - $81,780
|
What Does a Home Loan Processor Do?
Next, the loan processor arranges a home appraisal to ensure the requested mortgage amount matches up to the home’s appraised value.
Updated December 20, 2021
The loan processor is responsible for processing mortgage applications and getting them prepared for the mortgage underwriter.
Updated December 16, 2021
You can usually expect a mortgage loan processor to be involved throughout the application process: from pre-approval to closing.
Updated December 16, 2021
While the loan officer or broker may be the person who “got you the loan” to begin with, it’s the processor that will likely take over once you’ve been “sold.”.
Updated December 15, 2021
Mortgage processors streamline the mortgage loan process by compiling loan application documentation for the borrower.
Updated December 14, 2021
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Explore JobArchitectFrequently Asked Questions About a Home Loan Processor Salaries
What is the average of a Home Loan Processor in Cedar Rapids, IA?
The Home Loan Processor salary range is from $39,378 to $49,026, and the average Home Loan Processor salary is $43,760/year in Cedar Rapids, IA.
The Home Loan Processor's salary will change in different locations.
Which location pays the highest Home Loan Processor salary in the United States?
The Home Loan Processor salary in Santa Clara, CA is $57,686
which is the highest in the US.
What kinds of reasons will influence the Home 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 Home Loan Processor.
What is the growth rate of the Home Loan Processor's salary?
If you are thinking of becoming a Home Loan Processor or planning the next step in your career, find the detailed salary report of a Home Loan Processor.
