How Much Does a Loan Processing Analyst Make?

Updated March 26, 2024

Individually reported data submitted by users of our website

Normal Confidence
$40,031/yr
Average Base Pay
Low $33,945
Average $40,031
High $44,827
The average salary for Loan Processing Analyst is $40,031 per year in the United States.

Related Job Titles to Loan Processing Analyst

Loan Processing Supervisor
$63,750
US
Per Year
Loan Processing Manager
$100,576
US
Per Year
Loan Processing Assistant
$41,691
US
Per Year
Loan Processing Specialist
$53,285
US
Per Year

Similar Job Salaries to Loan Processing Analyst by Company

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Company average base salary in (usd) range
Associated Pension Consultants
Loan Distribution Processing Rep
$47,676/yr
$41,917
$53,436
RANGE: $41,917 - $53,436
Sandia Area Federal Credit Union
LOAN PROCESSING MANAGER
$106,586/yr
$88,345
$124,828
RANGE: $88,345 - $124,828
$74,383/yr
$62,851
$85,915
RANGE: $62,851 - $85,915
Security Fist Bank
Loan Processing Specialist
$43,413/yr
$38,035
$48,792
RANGE: $38,035 - $48,792
Citizens State Bank Of La Crosse
Loan Processing Manager
$106,700/yr
$88,439
$124,961
RANGE: $88,439 - $124,961
Generations Bank
Loan Processing Specialist
$47,455/yr
$41,414
$53,496
RANGE: $41,414 - $53,496
US Small Business Administration
Loan Processing Assistant
$47,571/yr
$42,063
$53,080
RANGE: $42,063 - $53,080
Perry Johnson Mortgage Company, Inc.
Vice President, Loan Processing
$249,225/yr
$183,439
$315,011
RANGE: $183,439 - $315,011
Mercantile Bank
Commercial Loan Processing Specialist
$54,024/yr
$46,474
$61,574
RANGE: $46,474 - $61,574

What Does a Loan Processing Analyst Do?

Analyze all bank risk and ensure compliance to all bank policies and procedures and collaborate with financial analyst to maintain accuracy in all investor approved loans.
Updated December 20, 2021
It must be understood that the credit analyst, once convinced, will act as the client’s advocate in presenting the application to the bank’s loan committee and also guiding it through the bank’s internal procedures.
Updated December 20, 2021
For example, if they are tasked with determining the response rate of a marketing promotion that offered a skip-a-payment on an auto loan, the analyst must figure not all customers who skipped a payment that month were responders to the campaign.
Updated December 19, 2021
A loan analyst works for a bank, credit union, or similar financial lending institution and evaluates credit applications to decide loan approval.
Updated December 12, 2021
It developed the first cloud service for mortgage brokers, combining third-party loan processing with an all-in-one digital platform.
Updated December 09, 2021

Frequently Asked Questions About a Loan Processing Analyst Salaries

What is the average of a Loan Processing Analyst in the United States?

The Loan Processing Analyst salary range is from $33,945 to $44,827, and the average Loan Processing Analyst salary is $40,031/year in the United States. The Loan Processing Analyst's salary will change in different locations.

Which location pays the highest Loan Processing Analyst salary in the United States?

The Loan Processing Analyst salary in San Jose, CA is $50,239 which is the highest in the US.

What kinds of reasons will influence the Loan Processing Analyst'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 Processing Analyst.

What is the growth rate of the Loan Processing Analyst's salary?

If you are thinking of becoming a Loan Processing Analyst or planning the next step in your career, find the detailed salary report of a Loan Processing Analyst.

Recent Salary Report

Below are the most recent Loan Processing Analyst salary reports. Employer name has been removed to protect anonymity.

$36,988 Yearly
A Loan Processing Analyst in Garden Grove, CA reported making $36,988 per year
Garden Grove, CA
6 - 1,000 employees
Full-Time
Company - Private
$40,284 Yearly
A Loan Processing Analyst in Lawton, OK reported making $40,284 per year
Lawton, OK
200 - 6 employees
Full-Time
Company - Private
$37,918 Yearly
A Loan Processing Analyst in Madison, AL reported making $37,918 per year
Madison, AL
100 - 200 employees
Full-Time
Company - Private
$21 Hourly
A Loan Processing Analyst in Terre Haute, IN reported making $21 per hour
Terre Haute, IN
3,000 - 7,6 employees
Part-Time
Company - Public
$17 Hourly
A Loan Processing Analyst in Coachella, CA reported making $17 per hour
Coachella, CA
7,6 - 15,000 employees
Part-Time
Company - Public
$3,811 Monthly
A Loan Processing Analyst in New Brunswick, NJ reported making $3,811 per month
New Brunswick, NJ
1,000 - 3,000 employees
Full-Time
Company - Public