Loan Document Processor Salaries in Illinois
How Much Does a Loan Document Processor Make in Illinois?
Updated April 01, 2025
As of April 01, 2025,
the average annual pay of Loan Document Processor in Illinois is $48,493.
While Salary.com is seeing that Loan Document Processor salary in IL can go up to $57,631
or down to $38,145, but most earn between $43,077 and $53,276.
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 Loan Document Processor
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Similar Job Salaries to Loan Document 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
|
|
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
|
|
Scott Credit Union
Mortgage Loan Processor II
|
$56,323/yr
|
RANGE: $50,652 - $61,995
|
|
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
|
|
McGuireWoods LLP
Legal Document Specialist/ Word Processor
|
$64,719/yr
|
RANGE: $57,708 - $71,730
|
|
CIBM BANK
Mortgage Loan Processor (Full-Time)
|
$66,651/yr
|
RANGE: $60,503 - $72,798
|
|
Prudential Financial
PGIM Real Estate - Loan Processor
|
$73,810/yr
|
RANGE: $65,414 - $82,207
|
Top 10 Highest Paying Cities For Loan Document 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 Loan Document 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 Loan Document Processor job salaries in Illinois.
Some cities can pay higher salaries for Loan Document Processor jobs, which can indicate that there is a large demand for Loan Document Processor positions in this city.
The following table shows top 10 cities where the Loan Document Processor salary is higher than other cities in Illinois.
Chicago takes first place in this list, followed by Cicero, Oak Park.
The Loan Document Processor salary is $49,164 in Chicago,
which is higher than the national average. There are 20 cities' Loan Document Processor salary higher than national average in Illinois.
The average salary for a Loan Document Processor in Illinois is $48,493,
but we found that the city with the highest salary for Loan Document Processor jobs is Chicago, IL, and it is higher than Cicero.
Loan Document 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 | $49,164 | $4,097 | $945 | $24 |
| Cicero | $49,164 | $4,097 | $945 | $24 |
| Oak Park | $49,164 | $4,097 | $945 | $24 |
| Evanston | $49,145 | $4,095 | $945 | $24 |
| Skokie | $49,145 | $4,095 | $945 | $24 |
| Oak Lawn | $49,107 | $4,092 | $944 | $24 |
| Des Plaines | $49,031 | $4,086 | $943 | $24 |
| Mount Prospect | $48,993 | $4,083 | $942 | $24 |
| Aurora | $48,783 | $4,065 | $938 | $23 |
| Hoffman Estates | $48,741 | $4,062 | $937 | $23 |
What Does a Loan Document Processor Do?
We are looking for an efficient Mortgage Loan Processor to process mortgage loan files and help clients submit complete applications.
Updated November 07, 2021
Once you complete the minimal eligibility such as experience, annual income and age, you can avail of a loan by applying online with a doorstep document collection facility.
Updated December 22, 2021
45 lakh. However, the amount of your sanction depends on the business loan documents you submit and your business loan eligibility check.
Updated December 22, 2021
A loan processor deals with lots of paperwork and basically assists the loan officer in closing the loan.
Updated December 22, 2021
As a loan processor you have to be very OCD and meticulous on everything from loan opening to loan closing.
Updated December 20, 2021
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Explore JobArchitectFrequently Asked Questions About a Loan Document Processor Salaries
What is the average of a Loan Document Processor in Illinois?
The Loan Document Processor salary range is from $43,077 to $53,276, and the average Loan Document Processor salary is $48,493/year in Illinois.
The Loan Document Processor's salary will change in different locations.
Which location pays the highest Loan Document Processor salary in the United States?
The Loan Document Processor salary in San Jose, CA is $60,006
which is the highest in the US.
What kinds of reasons will influence the Loan Document 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 Loan Document Processor.
What is the growth rate of the Loan Document Processor's salary?
If you are thinking of becoming a Loan Document Processor or planning the next step in your career, find the detailed salary report of a Loan Document Processor.
