Jr Loan Processor Salaries in Waterloo, IA
How Much Does a Jr Loan Processor Make in Waterloo, IA?
Updated April 01, 2025
As of April 01, 2025,
the average annual pay of Jr Loan Processor in Waterloo, IA is $51,162.
While Salary.com is seeing that Jr Loan Processor salary in Waterloo, IA can go up to $66,718
or down to $37,328, but most earn between $43,921 and $59,305.
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
Facing Salary Structure Challenges? Let Our Expert Guide You
The job market is increasingly challenging. Our whitepaper, Navigating the Challenges of Creating Salary Structures, offers guidance on creating salary structures. Provide your phone number and work email to download the full version.
We will handle your contact details in line with our Privacy Policy.
If you prefer not to receive marketing emails from Salary.com, you can opt-out out of marketing communications at any time by clicking unsubscribe.
Choose a prefer time
Choose Your Preferred Time
All times are listed as US Eastern time (Boston/New York)
-
9:00 AM-9:30 AM
-
9:30 AM-10:00 AM
-
10:00 AM-10:30 AM
-
10:30 AM-11:00 AM
-
11:00 AM-11:30 AM
-
11:30 AM-12:00 PM
-
12:00 PM-12:30 PM
-
12:30 PM-1:00 PM
-
1:00 PM-1:30 PM
-
1:30 PM-2:00 PM
-
2:00 PM-2:30 PM
-
2:30 PM-3:00 PM
-
3:00 PM-3:30 PM
-
3:30 PM-4:00 PM
-
4:00 PM-4:30 PM
-
4:30 PM-5:00 PM
-
5:00 PM-5:30 PM
-
5:30 PM-6:00 PM
-
6:00 PM-6:30 PM
-
6:30 PM-7:00 PM
-
7:00 PM-7:30 PM
-
7:30 PM-8:00 PM
Similar Job Salaries to Jr Loan Processor by Company
Loading results...
| Company | average base salary in (usd) | range |
|---|---|---|
|
MBT Bank
Loan Processor
|
$60,897/yr
|
RANGE: $52,433 - $69,362
|
|
Farmers State Bank
Loan Processor
|
$65,665/yr
|
RANGE: $56,101 - $75,230
|
|
BMO U.S.
NMLS Certified Loan Processor
|
$59,112/yr
|
RANGE: $48,738 - $69,486
|
|
West Bank
Consumer Loan Processor
|
$62,342/yr
|
RANGE: $53,668 - $71,017
|
|
Clinton National Bank
Commercial Loan Processor
|
$61,339/yr
|
RANGE: $52,475 - $70,202
|
|
Saige Partners LLC
Commercial Loan Processor
|
$69,611/yr
|
RANGE: $58,798 - $80,424
|
|
First Bank
Mortgage Loan Processor
|
$61,512/yr
|
RANGE: $52,561 - $70,463
|
|
Iowa Bankers
Senior Loan Processor
|
$66,837/yr
|
RANGE: $59,148 - $74,527
|
|
Gershman Investment Corp.
Processor
|
$100,856/yr
|
RANGE: $79,710 - $122,002
|
|
Gershman Mortgage
Processor
|
$89,700/yr
|
RANGE: $71,763 - $107,637
|
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
Empower Your Talent Strategy with Salary.com's Skills Library.
Struggling with Managing Your Job Descriptions?
View Job Skills and Competency Data for more than 15,000 Job Titles, 18 Industries, and 26 Job Families.
Skills LibraryOur job description management tool- JobArchitect streamlines your job description process. Say goodbye to the hassle of crafting job descriptions.
Explore JobArchitectFrequently Asked Questions About a Jr Loan Processor Salaries
What is the average of a Jr Loan Processor in Waterloo, IA?
The Jr Loan Processor salary range is from $43,921 to $59,305, and the average Jr Loan Processor salary is $51,162/year in Waterloo, IA.
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.
