Loan Document Processor Salaries in Minnesota
How Much Does a Loan Document Processor Make in Minnesota?
Updated April 01, 2025
As of April 01, 2025,
the average annual pay of Loan Document Processor in Minnesota is $48,684.
While Salary.com is seeing that Loan Document Processor salary in MN can go up to $57,857
or down to $38,295, but most earn between $43,246 and $53,485.
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 |
|---|---|---|
|
gpac
Loan Processor
|
$59,459/yr
|
RANGE: $53,473 - $65,444
|
|
Lake Region Bank
Loan Services/RE Loan Processor
|
$48,729/yr
|
RANGE: $44,417 - $53,041
|
|
MidWestOne Bank
Commercial Loan Processor I
|
$64,883/yr
|
RANGE: $58,323 - $71,444
|
|
Calculated Hire
Loan Documentation Processor II
|
$53,462/yr
|
RANGE: $49,174 - $57,750
|
|
TEKsystems
Loan Documentation Processor
|
$59,459/yr
|
RANGE: $53,473 - $65,444
|
|
Bremer Bank National Association
RRE Loan Processor -2
|
$64,139/yr
|
RANGE: $57,653 - $70,626
|
|
First Alliance Credit Union
Commercial Loan Processor
|
$62,616/yr
|
RANGE: $56,285 - $68,947
|
|
The First National Bank of Bemidji
Retail Loan Processor
|
$103,240/yr
|
RANGE: $91,163 - $115,317
|
|
Smart Data Solutions LLC
Operations Document Processor/Scanner Operator
|
$57,737/yr
|
RANGE: $51,653 - $63,822
|
|
TEKsystems
Hiring Now: Loan Documentation Processor
|
$59,459/yr
|
RANGE: $53,473 - $65,444
|
Top 10 Highest Paying Cities For Loan Document Processor Jobs in Minnesota
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 Minnesota.
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 Minnesota.
Minneapolis takes first place in this list, followed by Saint Paul, Minnetonka.
The Loan Document Processor salary is $49,792 in Minneapolis,
which is higher than the national average. There are 7 cities' Loan Document Processor salary higher than national average in Minnesota.
The average salary for a Loan Document Processor in Minnesota is $48,684,
but we found that the city with the highest salary for Loan Document Processor jobs is Minneapolis, MN, and it is higher than Saint Paul.
Loan Document Processor jobs in Minneapolis can have the opportunity to earn higher salaries than in other cities in Minnesota.
| CITY | ANNUAL SALARY | MONTHLY PAY | WEEKLY PAY | HOURLY WAGE |
| Minneapolis | $49,792 | $4,149 | $958 | $24 |
| Saint Paul | $49,792 | $4,149 | $958 | $24 |
| Minnetonka | $49,792 | $4,149 | $958 | $24 |
| Eden Prairie | $49,706 | $4,142 | $956 | $24 |
| Burnsville | $49,649 | $4,137 | $955 | $24 |
| Lakeville | $49,478 | $4,123 | $952 | $24 |
| Rochester | $47,694 | $3,974 | $917 | $23 |
| Saint Cloud | $46,933 | $3,911 | $903 | $23 |
| Duluth | $45,634 | $3,803 | $878 | $22 |
What Does a Loan Document Processor Do?
The loan processor makes sure you have all of the proper documentation organized to apply for the loan.
Updated December 06, 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 Minnesota?
The Loan Document Processor salary range is from $43,246 to $53,485, and the average Loan Document Processor salary is $48,684/year in Minnesota.
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.
