Jr Loan Processor Salaries in Chicago, IL
How Much Does a Jr Loan Processor Make in Chicago, IL?
Updated March 01, 2025
As of March 01, 2025,
the average annual pay of Jr Loan Processor in Chicago, IL is $57,374.
While Salary.com is seeing that Jr Loan Processor salary in Chicago, IL can go up to $74,821
or down to $41,865, but most earn between $49,256 and $66,506.
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 Jr Loan Processor
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Similar Job Salaries to Jr Loan Processor by Company
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| Company | average base salary in (usd) | range |
|---|---|---|
|
Constructive Loans
Loan Processor
|
$67,476/yr
|
RANGE: $58,106 - $76,847
|
|
Illinois State University
Loan Processor
|
$50,248/yr
|
RANGE: $43,916 - $56,580
|
|
Dexian
Loan Processor
|
$68,857/yr
|
RANGE: $58,906 - $78,808
|
|
Servbank
Commercial Senior Loan Processor
|
$68,577/yr
|
RANGE: $58,712 - $78,443
|
|
FIRST COMMUNITY CREDIT UNION
Direct Loan Processor
|
$42,002/yr
|
RANGE: $37,749 - $46,255
|
|
FIRST COMMUNITY CREDIT UNION
Loan Processor Specialist
|
$62,845/yr
|
RANGE: $54,118 - $71,572
|
|
The Federal Savings Bank
SENIOR LOAN PROCESSOR
|
$77,608/yr
|
RANGE: $65,867 - $89,349
|
|
The Agency
Commercial Loan Processor
|
$67,150/yr
|
RANGE: $57,446 - $76,855
|
|
Murgado Automotive Group
Cadillac Loan Processor
|
$52,963/yr
|
RANGE: $46,106 - $59,820
|
|
1ST MIDAMERICA CREDIT
Commercial Loan Processor - Full Time
|
$65,149/yr
|
RANGE: $55,379 - $74,918
|
What Does a Jr Loan Processor Do?
The junior loan processor also examines whether the loan applicant has the capacity to pay back the loan and ensures that the loan applicant has reliable streams of income.
Updated December 18, 2021
A junior loan processor requires an associate's degree or a Bachelor of Arts degree in a business-related field such as economics, accounting, business administration or banking.
Updated December 14, 2021
A junior loan processor also helps put together loan packages tailored to fit the needs of loan applicants.
Updated December 12, 2021
The junior loan processor should be competent in using the Internet, since most institutions are starting to receive and process online applications.
Updated December 10, 2021
The junior loan processor then forwards the details of the loan to the loan committee, which either approves or disapproves the loan.
Updated December 10, 2021
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Explore JobArchitectFrequently Asked Questions About a Jr Loan Processor Salaries
What is the average of a Jr Loan Processor in Chicago, IL?
The Jr Loan Processor salary range is from $49,256 to $66,506, and the average Jr Loan Processor salary is $57,374/year in Chicago, IL.
The Jr Loan Processor's salary will change in different locations.
Which location pays the highest Jr Loan Processor salary in the United States?
The Jr Loan Processor salary in San Jose, CA is $68,641
which is the highest in the US.
What kinds of reasons will influence the Jr 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 Jr Loan Processor.
What is the growth rate of the Jr Loan Processor's salary?
If you are thinking of becoming a Jr Loan Processor or planning the next step in your career, find the detailed salary report of a Jr Loan Processor.
