Home Loan Processor Salaries in New York
How Much Does a Home Loan Processor Make in New York?
Updated April 01, 2025
As of April 01, 2025,
the average annual pay of Home Loan Processor in New York is $48,504.
While Salary.com is seeing that Home Loan Processor salary in NY can go up to $59,657
or down to $39,222, but most earn between $43,646 and $54,342.
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 |
|---|---|---|
|
Cliffco Mortgage Bankers
Loan Processor
|
$73,019/yr
|
RANGE: $62,372 - $83,666
|
|
Jet Direct Mortgage
Loan Processor
|
$70,241/yr
|
RANGE: $60,488 - $79,995
|
|
NY TEAM FCU
Part Time Loan Processor
|
$60,822/yr
|
RANGE: $53,235 - $68,409
|
|
Hunt Mortgage
Mortgage Loan Processor
|
$66,263/yr
|
RANGE: $56,188 - $76,339
|
|
Reliant Home Funding, Inc.
Mortgage Loan Processor
|
$68,205/yr
|
RANGE: $58,601 - $77,810
|
|
Unavailable
Mortgage Loan Processor
|
$69,403/yr
|
RANGE: $59,630 - $79,176
|
|
W3Global
Loan Processor (Credit Union)
|
$71,837/yr
|
RANGE: $61,862 - $81,813
|
|
Reliant Home Funding, Inc | NMLS 292473
Mortgage Loan Processor
|
$68,205/yr
|
RANGE: $58,601 - $77,810
|
|
First Home Mortgage
Mortgage Loan Processor
|
$65,952/yr
|
RANGE: $56,002 - $75,902
|
|
Madison Mortgage Services Inc.
Mortgage Loan Processor
|
$102,927/yr
|
RANGE: $82,058 - $123,797
|
Top 10 Highest Paying Cities For Home Loan Processor Jobs in New York
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 New York.
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 New York.
New York takes first place in this list, followed by Bronx, Brooklyn.
The Home Loan Processor salary is $52,875 in New York,
which is higher than the national average. There are 17 cities' Home Loan Processor salary higher than national average in New York.
The average salary for a Home Loan Processor in New York is $48,504,
but we found that the city with the highest salary for Home Loan Processor jobs is New York, NY, and it is higher than Bronx.
Home Loan Processor jobs in New York can have the opportunity to earn higher salaries than in other cities in New York.
| CITY | ANNUAL SALARY | MONTHLY PAY | WEEKLY PAY | HOURLY WAGE |
| New York | $52,875 | $4,406 | $1,017 | $25 |
| Bronx | $52,875 | $4,406 | $1,017 | $25 |
| Brooklyn | $52,875 | $4,406 | $1,017 | $25 |
| Queens Village | $52,533 | $4,378 | $1,010 | $25 |
| Yonkers | $52,109 | $4,342 | $1,002 | $25 |
| Mount Vernon | $52,086 | $4,340 | $1,002 | $25 |
| Huntington | $51,963 | $4,330 | $999 | $25 |
| New Rochelle | $51,566 | $4,297 | $992 | $25 |
| Staten Island | $51,301 | $4,275 | $987 | $25 |
| Levittown | $49,932 | $4,161 | $960 | $24 |
What Does a Home Loan Processor Do?
Mortgage processors streamline the mortgage loan process by compiling loan application documentation for the borrower.
Updated December 14, 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
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
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Explore JobArchitectFrequently Asked Questions About a Home Loan Processor Salaries
What is the average of a Home Loan Processor in New York?
The Home Loan Processor salary range is from $43,646 to $54,342, and the average Home Loan Processor salary is $48,504/year in New York.
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.
