Jr Loan Processor Salaries in Illinois
How Much Does a Jr Loan Processor Make in Illinois?
Updated April 01, 2025
As of April 01, 2025,
the average annual pay of Jr Loan Processor in Illinois is $55,799.
While Salary.com is seeing that Jr Loan Processor salary in IL can go up to $72,765
or down to $40,711, but most earn between $47,901 and $64,679.
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 |
|---|---|---|
|
Fay Financial
Loan Processor
|
$60,046/yr
|
RANGE: $54,001 - $66,090
|
|
Eastridge
Jr Loan Processor
|
$57,507/yr
|
RANGE: $51,717 - $63,298
|
|
CrossCountry Mortgage
Jr Loan Processor
|
$63,901/yr
|
RANGE: $57,439 - $70,364
|
|
Commercial Mortgage Depot
Jr. Loan Processor
|
$71,604/yr
|
RANGE: $64,363 - $78,846
|
|
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
|
|
IHMVCU
Commercial Loan Processor
|
$58,830/yr
|
RANGE: $52,882 - $64,778
|
|
IH Mississippi Valley Credit Union
Commercial Loan Processor
|
$58,830/yr
|
RANGE: $52,882 - $64,778
|
Top 10 Highest Paying Cities For Jr 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 Jr 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 Jr Loan Processor job salaries in Illinois.
Some cities can pay higher salaries for Jr Loan Processor jobs, which can indicate that there is a large demand for Jr Loan Processor positions in this city.
The following table shows top 10 cities where the Jr Loan Processor salary is higher than other cities in Illinois.
Chicago takes first place in this list, followed by Cicero, Oak Park.
The Jr Loan Processor salary is $56,570 in Chicago,
which is higher than the national average. There are 20 cities' Jr Loan Processor salary higher than national average in Illinois.
The average salary for a Jr Loan Processor in Illinois is $55,799,
but we found that the city with the highest salary for Jr Loan Processor jobs is Chicago, IL, and it is higher than Cicero.
Jr 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 | $56,570 | $4,714 | $1,088 | $27 |
| Cicero | $56,570 | $4,714 | $1,088 | $27 |
| Oak Park | $56,570 | $4,714 | $1,088 | $27 |
| Evanston | $56,549 | $4,712 | $1,087 | $27 |
| Skokie | $56,549 | $4,712 | $1,087 | $27 |
| Oak Lawn | $56,505 | $4,709 | $1,087 | $27 |
| Des Plaines | $56,417 | $4,701 | $1,085 | $27 |
| Mount Prospect | $56,373 | $4,698 | $1,084 | $27 |
| Aurora | $56,132 | $4,678 | $1,079 | $27 |
| Hoffman Estates | $56,083 | $4,674 | $1,079 | $27 |
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 Illinois?
The Jr Loan Processor salary range is from $47,901 to $64,679, and the average Jr Loan Processor salary is $55,799/year in Illinois.
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 $69,046
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.
