How Much Does a Loan Modification Processor Make in Tennessee?

Updated March 01, 2025
As of March 01, 2025, the average annual pay of Loan Modification Processor in Tennessee is $43,439. While Salary.com is seeing that Loan Modification Processor salary in TN can go up to $60,539 or down to $25,666, but most earn between $34,136 and $52,390. 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
Loan Modification Specialist
$39,362
Tennessee
Per Year
Loan Processor
$44,698
Tennessee
Per Year
Loan Processor I
$40,450
Tennessee
Per Year
Loan Processor II
$44,353
Tennessee
Per Year
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Similar Job Salaries to Loan Modification Processor by Company

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Company average base salary in (usd) range
CrossCountry Mortgage
Loan Processor
$58,471/yr
$50,351
$66,591
RANGE: $50,351 - $66,591
NVR Inc
Loan Processor
$60,529/yr
$52,124
$68,935
RANGE: $52,124 - $68,935
Eastman Credit Union
Mortgage Loan Processor
$82,688/yr
$65,915
$99,461
RANGE: $65,915 - $99,461
John D'Amato Law Offices
Paralegal or Mortgage Processor (Bankruptcy and Mortgage Modification)
$88,907/yr
$77,656
$100,158
RANGE: $77,656 - $100,158
JOHN DAMATO PLLC
Paralegal or Mortgage Processor (Bankruptcy and Mortgage Modification)
$82,037/yr
$72,197
$91,878
RANGE: $72,197 - $91,878
$55,965/yr
$47,956
$63,973
RANGE: $47,956 - $63,973
$66,794/yr
$59,239
$74,348
RANGE: $59,239 - $74,348
ServiceLink
Open Order Representative. Default Services –Loan Modification
$62,960/yr
$53,868
$72,052
RANGE: $53,868 - $72,052
$48,798/yr
$42,711
$54,886
RANGE: $42,711 - $54,886
Envoy Mortgage
Loan Processor
$67,738/yr
$57,859
$77,616
RANGE: $57,859 - $77,616

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Top 10 Highest Paying Cities For Loan Modification Processor Jobs in Tennessee

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 Tennessee. 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 Tennessee. Nashville takes first place in this list, followed by Hendersonville, Franklin. The Loan Modification Processor salary is $44,189 in Nashville, which is lower than the national average. There is 0 city's Loan Modification Processor salary higher than national average in Tennessee.
The average salary for a Loan Modification Processor in Tennessee is $43,439, but we found that the city with the highest salary for Loan Modification Processor jobs is Nashville, TN, and it is higher than Hendersonville. Loan Modification Processor jobs in Nashville can have the opportunity to earn higher salaries than in other cities in Tennessee.
CITY ANNUAL SALARY MONTHLY PAY WEEKLY PAY HOURLY WAGE
Nashville $44,189 $3,682 $850 $21
Hendersonville $44,142 $3,679 $849 $21
Franklin $44,049 $3,671 $847 $21
Memphis $43,955 $3,663 $845 $21
Murfreesboro $43,861 $3,655 $843 $21
Germantown $43,814 $3,651 $843 $21
Jackson $43,626 $3,636 $839 $21
Knoxville $43,017 $3,585 $827 $21
Chattanooga $42,641 $3,553 $820 $21
Clarksville $42,360 $3,530 $815 $20

What Does a Loan Modification Processor Do?

A loan processor job is typically an entry-level position and requires little more than a high school education.
Updated December 03, 2021
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

Frequently Asked Questions About a Loan Modification Processor Salaries

What is the average of a Loan Modification Processor in Tennessee?

The Loan Modification Processor salary range is from $34,136 to $52,390, and the average Loan Modification Processor salary is $43,439/year in Tennessee. 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.