Loan Modification Processor Salaries in Racine, WI
How Much Does a Loan Modification Processor Make in Racine, WI?
Updated March 01, 2025
As of March 01, 2025,
the average annual pay of Loan Modification Processor in Racine, WI is $45,690.
While Salary.com is seeing that Loan Modification Processor salary in Racine, WI can go up to $63,677
or down to $26,997, but most earn between $35,905 and $55,105.
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 |
|---|---|---|
|
LCO Financial Services
Loan Processor
|
$61,559/yr
|
RANGE: $53,010 - $70,107
|
|
BritePros Medical Staffing
Loan processor
|
$63,553/yr
|
RANGE: $54,727 - $72,378
|
|
River Bank
Loan Processor
|
$60,529/yr
|
RANGE: $52,124 - $68,935
|
|
BMO Bank N.A.
Loan Administrator (Business Loan Processor)
|
$78,369/yr
|
RANGE: $65,922 - $90,815
|
|
Co-op Credit Union
Commercial Loan Processor
|
$73,229/yr
|
RANGE: $61,962 - $84,497
|
|
Forward Bank
Consumer Loan Processor
|
$51,240/yr
|
RANGE: $44,842 - $57,638
|
|
Forward Bank
Mortgage Loan Processor
|
$63,881/yr
|
RANGE: $54,166 - $73,596
|
|
Bank of Deerfield
Mortgage Loan Processor
|
$67,236/yr
|
RANGE: $57,011 - $77,461
|
|
Summit Credit Union
Loan Processor 2
|
$65,130/yr
|
RANGE: $55,652 - $74,608
|
|
NEB Corp
Loan Input Processor
|
$65,283/yr
|
RANGE: $55,911 - $74,655
|
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 Racine, WI?
The Loan Modification Processor salary range is from $35,905 to $55,105, and the average Loan Modification Processor salary is $45,690/year in Racine, WI.
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.
