Home Loan Processor Salaries in Illinois
How Much Does a Home Loan Processor Make in Illinois?
Updated April 01, 2025
As of April 01, 2025,
the average annual pay of Home Loan Processor in Illinois is $46,506.
While Salary.com is seeing that Home Loan Processor salary in IL can go up to $57,199
or down to $37,606, but most earn between $41,847 and $52,103.
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 |
|---|---|---|
|
VirtualVocations
Loan Processor
|
$59,537/yr
|
RANGE: $53,544 - $65,530
|
|
Invigorate Finance
Loan Processor
|
$60,046/yr
|
RANGE: $54,001 - $66,090
|
|
AmeriHome Mortgage Company, LLC
Loan Processor
|
$54,911/yr
|
RANGE: $49,384 - $60,438
|
|
American Community Bank & Trust
Commercial Loan Processor
|
$56,789/yr
|
RANGE: $51,448 - $62,130
|
|
LIFESTONE MORTGAGE CORPORATION
Contract loan processor
|
$63,665/yr
|
RANGE: $57,228 - $70,103
|
|
Busey
Mortgage Loan Processor
|
$47,071/yr
|
RANGE: $42,830 - $51,312
|
|
The Federal Savings Bank
Consumer Loan Processor
|
$59,140/yr
|
RANGE: $53,321 - $64,959
|
|
FIRST COMMUNITY CREDIT UNION
Direct Loan Processor
|
$41,083/yr
|
RANGE: $37,601 - $44,566
|
|
FIRST COMMUNITY CREDIT UNION
Loan Processor Specialist
|
$55,967/yr
|
RANGE: $50,332 - $61,601
|
|
Scott Credit Union
Mortgage Loan Processor II
|
$56,323/yr
|
RANGE: $50,652 - $61,995
|
Top 10 Highest Paying Cities For Home Loan Processor Jobs in Illinois
It is important to understand how location impacts your career prospects in the United States.
There are some cities where a Home 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 Home Loan Processor job salaries in Illinois.
Some cities can pay higher salaries for Home Loan Processor jobs, which can indicate that there is a large demand for Home Loan Processor positions in this city.
The following table shows top 10 cities where the Home Loan Processor salary is higher than other cities in Illinois.
Chicago takes first place in this list, followed by Cicero, Oak Park.
The Home Loan Processor salary is $47,149 in Chicago,
which is higher than the national average. There are 20 cities' Home Loan Processor salary higher than national average in Illinois.
The average salary for a Home Loan Processor in Illinois is $46,506,
but we found that the city with the highest salary for Home Loan Processor jobs is Chicago, IL, and it is higher than Cicero.
Home Loan Processor jobs in Chicago can have the opportunity to earn higher salaries than in other cities in Illinois.
| CITY | ANNUAL SALARY | MONTHLY PAY | WEEKLY PAY | HOURLY WAGE |
| Chicago | $47,149 | $3,929 | $907 | $23 |
| Cicero | $47,149 | $3,929 | $907 | $23 |
| Oak Park | $47,149 | $3,929 | $907 | $23 |
| Evanston | $47,131 | $3,928 | $906 | $23 |
| Skokie | $47,131 | $3,928 | $906 | $23 |
| Oak Lawn | $47,095 | $3,925 | $906 | $23 |
| Des Plaines | $47,022 | $3,918 | $904 | $23 |
| Mount Prospect | $46,985 | $3,915 | $904 | $23 |
| Aurora | $46,784 | $3,899 | $900 | $22 |
| Hoffman Estates | $46,743 | $3,895 | $899 | $22 |
What Does a Home Loan Processor Do?
To become a loan processor, you’ll want to start working at places like credit unions, mortgage lenders and banks.
Updated November 23, 2021
There are loan processing certificate programs available and will cover topics like underwriting principles, the approval process, loan processor duties, credit counseling, fraud detection and basic appraisal principles.
Updated November 12, 2021
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
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Explore JobArchitectFrequently Asked Questions About a Home Loan Processor Salaries
What is the average of a Home Loan Processor in Illinois?
The Home Loan Processor salary range is from $41,847 to $52,103, and the average Home Loan Processor salary is $46,506/year in Illinois.
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 San Jose, CA is $57,547
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.
