Loan Modification Processor Salaries in Minnesota
How Much Does a Loan Modification Processor Make in Minnesota?
Updated March 01, 2025
As of March 01, 2025,
the average annual pay of Loan Modification Processor in Minnesota is $47,989.
While Salary.com is seeing that Loan Modification Processor salary in MN can go up to $66,880
or down to $28,355, but most earn between $37,712 and $57,877.
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 Modification Processor
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Similar Job Salaries to Loan Modification Processor by Company
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| Company | average base salary in (usd) | range |
|---|---|---|
|
Gpac
Loan Processor
|
$65,161/yr
|
RANGE: $56,112 - $74,209
|
|
TalentBridge
Loan Processor
|
$64,478/yr
|
RANGE: $55,460 - $73,495
|
|
Security Bank & Trust Co.
Loan Administrator/Loan Processor
|
$61,071/yr
|
RANGE: $52,930 - $69,213
|
|
The First National Bank of Bemidji
Retail Loan Processor
|
$139,289/yr
|
RANGE: $111,432 - $167,146
|
|
Dayyah Realty
Mortgage Loan Processor
|
$57,905/yr
|
RANGE: $50,151 - $65,659
|
|
Symmetry Lending
Junior Mortgage Loan Processor
|
$99,507/yr
|
RANGE: $79,322 - $119,692
|
|
TEKsystems
Loan Document Processor
|
$58,228/yr
|
RANGE: $50,522 - $65,935
|
Top 10 Highest Paying Cities For Loan Modification 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 Modification 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 Modification Processor job salaries in Minnesota.
Some cities can pay higher salaries for Loan Modification Processor jobs, which can indicate that there is a large demand for Loan Modification Processor positions in this city.
The following table shows top 10 cities where the Loan Modification Processor salary is higher than other cities in Minnesota.
Minneapolis takes first place in this list, followed by Saint Paul, Minnetonka.
The Loan Modification Processor salary is $49,772 in Minneapolis,
which is higher than the national average. There are 7 cities' Loan Modification Processor salary higher than national average in Minnesota.
The average salary for a Loan Modification Processor in Minnesota is $47,989,
but we found that the city with the highest salary for Loan Modification Processor jobs is Minneapolis, MN, and it is higher than Saint Paul.
Loan Modification 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 | $49,772 | $4,148 | $957 | $24 |
| Saint Paul | $49,772 | $4,148 | $957 | $24 |
| Minnetonka | $49,772 | $4,148 | $957 | $24 |
| Eden Prairie | $49,678 | $4,140 | $955 | $24 |
| Burnsville | $49,631 | $4,136 | $954 | $24 |
| Lakeville | $49,443 | $4,120 | $951 | $24 |
| Rochester | $47,051 | $3,921 | $905 | $23 |
| Saint Cloud | $46,253 | $3,854 | $889 | $22 |
| Duluth | $45,315 | $3,776 | $871 | $22 |
What Does a Loan Modification Processor Do?
If a lender discounts (reduces) the principal balance of a loan because you pay it off early, or agrees to a loan modification (a "workout") that includes a reduction in the principal balance of a loan, the amount of the discount or the amount of principal reduction is canceled debt.
Updated December 12, 2021
Interested candidates should spend some time learning and working in the banking industry, specifically the lending side, before venturing over to loan modifications.
Updated December 12, 2021
At first, you will work on all types of loans, including new loans, extensions, renewals and modifications.
Updated December 10, 2021
This person will have a lot of questions for you, but one of the first will be: Do you want to stay in your home? If the answer is yes, we'll likely discuss applying for a loan modification that changes the terms of your loan.
Updated December 10, 2021
Many individuals choose to become a certified loan modification officer, which gives them credibility and industry distinction.
Updated December 09, 2021
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Explore JobArchitectFrequently Asked Questions About a Loan Modification Processor Salaries
What is the average of a Loan Modification Processor in Minnesota?
The Loan Modification Processor salary range is from $37,712 to $57,877, and the average Loan Modification Processor salary is $47,989/year in Minnesota.
The Loan Modification Processor's salary will change in different locations.
Which location pays the highest Loan Modification Processor salary in the United States?
The Loan Modification Processor salary in San Jose, CA is $58,872
which is the highest in the US.
What kinds of reasons will influence the Loan Modification 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 Modification Processor.
What is the growth rate of the Loan Modification Processor's salary?
If you are thinking of becoming a Loan Modification Processor or planning the next step in your career, find the detailed salary report of a Loan Modification Processor.
