What are the main factors that influence a Loan Processing Assistant's salary?

The primary factors are: 1) Experience Level, 2) Geographic Location, 3) Education/Skills, 4) Company Size & Industry

How does experience change A Loan Processing Assistant's salary?

A Loan Processing Assistant's salary grows with experience: a Loan Processing Assistant (0-1 years)earns $39,884, a Loan Processor II (1-3 years)earns $44,674, a Loan Processor III (3-5 years)earns $54,141, a Loan Processing Supervisor (5+ years)earns $58,511,

What are the highest paying cities for a Loan Processing Assistant?

Loan Processing Assistant salary varies significantly by city. The top 3 highest paying cities in Michigan for Loan Processing Assistant roles are San Jose $53,663, San Francisco $53,076, Oakland $51,957.

How much do different types of Loan Processing Assistant roles make?

Salaries for Loan Processing Assistant level roles vary by specialization: Loan Processing Manager: $96,876; Loan Processing Quality Analyst III: $73,773; Consumer Loan Processing Assistant Manager: $73,390; Loan Processing Assistant Manager: $73,332; Loan Processing Quality Analyst II: $65,280.

What specialized skills increase a Loan Processing Assistant's salary?

Skills with high demand and low supply, such as Listening (up to 38% premium), Leadership (up to 28% premium), Pricing (up to 18% premium), directly translate to higher compensation. Employers pay more for these capabilities to gain a competitive edge.

Loan Processing Assistant Salary in Trout Lake, MI

How much does a Loan Processing Assistant make in Trout Lake, MI?

As of May 01, 2026, the average salary for a Loan Processing Assistant in Trout Lake, MI is $39,663 per year, which breaks down to an hourly rate of $19.

However, a Loan Processing Assistant's salary can vary significantly. Here’s a look at the typical salary range:

Top Earners (90th percentile): $44,765
Majority Range (25th-75th percentile): $36,482 to $42,334
Entry-Level (10th percentile): $33,586

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Loan Processing Assistant Salaries by Percentile

	Annual Salary	Monthly Pay	Weekly Pay	Hourly Wage
75th Percentile	$42,334	$3,528	$814	$20
Average	$39,663	$3,305	$763	$19
25th Percentile	$36,482	$3,040	$702	$18

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Key Factors That Influence Loan Processing Assistant Salaries

A Loan Processing Assistant's salary isn't a fixed number. It's shaped by several important factors. Below, we'll explore how your years of experience, geographic location, skills and company size can directly affect your earning potential.

Top Paying Cities for Loan Processing Assistants

Salaries can also vary between different cities. Major metropolitan areas or cities with a high demand for technicians often offer more competitive pay. Here are a few examples of average annual salaries in different U.S. cities:

San Jose: $53,663
San Francisco: $53,076
Oakland: $51,957

San Jose, CA $53,663

San Francisco, CA $53,076

Oakland, CA $51,957

New York, NY $48,987

Paramus, NJ $48,391

Queens Village, NY $48,389

Passaic, NJ $48,349

Bergenfield, NJ $48,345

Stamford, CT $48,251

Huntington, NY $48,234

Newark, NJ $47,919

Bridgeport, CT $47,830

Vallejo, CA $47,745

New Brunswick, NJ $47,728

Petaluma, CA $47,702

Middlesex, NJ $47,622

Somerset, NJ $47,592

Santa Cruz, CA $47,537

Boston, MA $47,277

Monterey, CA $47,128

Seattle, WA $47,030

Santa Rosa, CA $47,022

Los Angeles, CA $47,009

Juneau, AK $46,898

Washington, DC $46,852

Orange, CA $46,700

Santa Ana, CA $46,588

Long Beach, CA $46,545

Anaheim, CA $46,537

Anchorage, AK $46,515

Santa Maria, CA $46,388

Everett, WA $46,379

Danbury, CT $46,230

Bremerton, WA $46,171

Tacoma, WA $46,018

New Suffolk, NY $46,017

Sacramento, CA $46,005

Santa Barbara, CA $45,958

Trenton, NJ $45,911

San Diego, CA $45,911

Brockton, MA $45,864

Fairbanks, AK $45,760

Lompoc, CA $45,652

Lowell, MA $45,617

Ventura, CA $45,609

Nashua, NH $45,601

Stockton, CA $45,596

Modesto, CA $45,286

Poughkeepsie, NY $45,192

Olympia, WA $45,111

Kennewick, WA $45,111

New Haven, CT $45,094

Lawrence, MA $44,941

Hartford, CT $44,899

Riverside, CA $44,890

New Bedford, MA $44,848

Richland, WA $44,848

Bakersfield, CA $44,788

San Bernardino, CA $44,771

New Britain, CT $44,767

Atlantic City, NJ $44,767

New London, CT $44,750

Norwich, CT $44,737

Portsmouth, NH $44,729

Boulder, CO $44,638

Portland, OR $44,580

Worcester, MA $44,575

Minneapolis, MN $44,443

Philadelphia, PA $44,384

Honolulu, HI $44,243

Saint Paul, MN $44,223

Vineland, NJ $44,214

Providence, RI $44,090

Chicago, IL $43,967

Bellingham, WA $43,916

Springfield, MA $43,882

Baltimore, MD $43,869

Chico, CA $43,763

Pittsfield, MA $43,648

Manchester, NH $43,567

Spokane, WA $43,380

Denver, CO $43,376

Albany, NY $43,176

Troy, NY $43,159

Nassau, NY $43,113

Schenectady, NY $43,069

Wilmington, DE $43,035

Burlington, VT $42,976

Salem, OR $42,959

Portland, ME $42,827

Yakima, WA $42,784

Rochester, MN $42,652

Reno, NV $42,631

Fresno, CA $42,631

Milwaukee, WI $42,593

Detroit, MI $42,550

Ann Arbor, MI $42,543

Allentown, PA $42,537

Colorado Springs, CO $42,465

Syracuse, NY $42,444

Carson City, NV $42,444

Houston, TX $42,384

Eugene, OR $42,363

Gary, IN $42,312

Springfield, OR $42,278

Bismarck, ND $42,269

Galveston, TX $42,240

Medford, OR $42,176

Fort Collins, CO $42,159

Concord, NH $42,137

Austin, TX $42,125

Mesa, AZ $42,035

Reading, PA $42,031

Phoenix, AZ $42,027

Dallas, TX $42,014

Saint Cloud, MN $41,973

Madison, WI $41,916

Utica, NY $41,801

Rochester, NY $41,733

Des Moines, IA $41,729

Raleigh, NC $41,725

Atlanta, GA $41,661

Battle Creek, MI $41,648

Salt Lake City, UT $41,635

Lancaster, PA $41,572

Harrisburg, PA $41,512

Kansas City, MO $41,469

Champaign, IL $41,461

Kansas City, KS $41,461

Fort Worth, TX $41,457

Columbus, OH $41,449

Boca Raton, FL $41,440

Pittsburgh, PA $41,423

Richmond, VA $41,406

Indianapolis, IN $41,397

Cleveland, OH $41,393

Las Vegas, NV $41,342

Cincinnati, OH $41,342

Petersburg, VA $41,278

Huntsville, AL $41,214

Lansing, MI $41,186

Lebanon, PA $41,180

Pueblo, CO $41,176

Appleton, WI $41,163

Buffalo, NY $41,146

Dayton, OH $41,133

Racine, WI $41,125

Charlotte, NC $41,121

Saint Louis, MO $41,108

York, PA $41,082

Elkhart, IN $41,082

Gastonia, NC $41,074

Billings, MT $41,064

Beaumont, TX $41,053

Lorain, OH $41,044

Benton Harbor, MI $41,036

Toledo, OH $41,027

Binghamton, NY $41,006

Rock Hill, SC $41,001

Rockford, IL $40,980

Springfield, IL $40,963

Elyria, OH $40,959

Fargo, ND $40,959

Flagstaff, AZ $40,929

Fort Lauderdale, FL $40,904

Duluth, MN $40,878

Miami, FL $40,878

Cheyenne, WY $40,848

Grand Forks, ND $40,848

Bangor, ME $40,755

Cedar Rapids, IA $40,708

Durham, NC $40,690

Louisville, KY $40,687

Grand Rapids, MI $40,678

Hialeah, FL $40,674

Casper, WY $40,614

Scranton, PA $40,563

New Orleans, LA $40,550

Virginia Beach, VA $40,546

Akron, OH $40,525

Peoria, IL $40,470

Sarasota, FL $40,461

Nashville, TN $40,431

Omaha, NE $40,431

Green Bay, WI $40,431

Baton Rouge, LA $40,410

Charleston, SC $40,402

Jamestown, NY $40,380

Davenport, IA $40,380

Tucson, AZ $40,359

Saint Petersburg, FL $40,334

Tampa, FL $40,325

Evansville, IN $40,299

Port Arthur, TX $40,299

Bradenton, FL $40,282

Santa Fe, NM $40,206

Orlando, FL $40,129

Clearwater, FL $40,117

Canton, OH $40,027

La Crosse, WI $40,027

Albuquerque, NM $40,002

Newport News, VA $39,997

High Point, NC $39,985

Ogden, UT $39,968

Corpus Christi, TX $39,934

Norfolk, VA $39,908

Laramie, WY $39,908

Rock Island, IL $39,883

Saginaw, MI $39,874

Jacksonville, FL $39,870

Salisbury, NC $39,861

Boise, ID $39,853

Moline, IL $39,831

Fort Myers, FL $39,819

Memphis, TN $39,810

Tulsa, OK $39,789

Waterloo, IA $39,763

Spartanburg, SC $39,721

Lincoln, NE $39,700

Fort Wayne, IN $39,691

Provo, UT $39,687

Cedar Falls, IA $39,636

San Antonio, TX $39,619

Greensboro, NC $39,602

South Bend, IN $39,597

Savannah, GA $39,551

Muskegon, MI $39,534

Birmingham, AL $39,529

Winston Salem, NC $39,509

Lake Charles, LA $39,406

Anderson, IN $39,398

Lexington, KY $39,385

Augusta, GA $39,372

Greenville, SC $39,372

Lima, OH $39,338

Wichita, KS $39,334

Tuscaloosa, AL $39,334

Columbia, SC $39,295

Springfield, OH $39,287

Asheville, NC $39,219

Bloomington, IN $39,189

Knoxville, TN $39,036

Shreveport, LA $39,032

Wilmington, NC $38,976

Roanoke, VA $38,976

Topeka, KS $38,900

Frankfort, KY $38,895

Oklahoma City, OK $38,866

Chillicothe, OH $38,849

Longview, TX $38,844

Melbourne, FL $38,840

Sioux Falls, SD $38,772

Mobile, AL $38,768

Terre Haute, IN $38,751

Altoona, PA $38,725

Amarillo, TX $38,695

Killeen, TX $38,683

Fayetteville, AR $38,649

Chattanooga, TN $38,636

Sioux City, IA $38,598

Idaho Falls, ID $38,589

Lynchburg, VA $38,555

Gainesville, FL $38,500

Portsmouth, OH $38,479

Little Rock, AR $38,470

Lafayette, LA $38,453

Youngstown, OH $38,453

Daytona Beach, FL $38,427

Clarksville, TN $38,423

Pensacola, FL $38,419

Temple, TX $38,416

Hopkinsville, KY $38,291

Erie, PA $38,283

Florence, SC $38,266

Charleston, WV $38,198

Great Falls, MT $38,176

Macon, GA $38,117

Tallahassee, FL $38,113

Fayetteville, NC $38,104

Waco, TX $38,096

Helena, MT $38,066

Pine Bluff, AR $38,050

Vincennes, IN $37,998

Lubbock, TX $37,981

Alamogordo, NM $37,955

Twin Falls, ID $37,917

Rapid City, SD $37,904

Jackson, MS $37,828

Huntington, WV $37,825

Greenville, MS $37,823

Parkersburg, WV $37,780

Montgomery, AL $37,772

Wichita Falls, TX $37,730

Springfield, MO $37,730

Biloxi, MS $37,708

Monroe, LA $37,666

Johnstown, PA $37,636

Sumter, SC $37,619

Columbus, GA $37,615

Pascagoula, MS $37,534

Abilene, TX $37,534

Kingsport, TN $37,423

Albany, GA $37,423

Gulfport, MS $37,411

Alexandria, LA $37,270

Fort Smith, AR $37,164

El Paso, TX $37,049

Las Cruces, NM $36,858

Harlingen, TX $36,749

Pocatello, ID $36,743

Florence, AL $36,687

Brownsville, TX $36,679

Mcallen, TX $36,589

Dothan, AL $36,530

Columbus, MS $36,277

Altus, OK $36,079

Lawton, OK $35,998

Pierre, SD $35,845

What Skills Can Increase a Loan Processing Assistant's Salary?

Demanded Skills for the Role:

Customer Service (Mentioned in 10.13% Job Postings): Customer service is the provision of service to customers before, during and after a purchase. The perception of success of such interactions is dependent on employees "who can adjust themselves to the personality of the guest". Customer service concerns the priority an organization assigns to customer service relative to components such as product innovation and pricing. In this sense, an organization that values good customer service may spend more money in training employees than the average organization or may proactively interview customers for feedback. From the point of view of an overall sales process engineering effort, customer service plays an important role in an organization's ability to generate income and revenue. From that perspective, customer service should be included as part of an overall approach to systematic improvement. One good customer service experience can change the entire perception a customer holds towards the organization.
Data Entry (Mentioned in 2.88% Job Postings): Transcribing information into an electronic medium such as a computer or other electronic device.
Loan Review (Mentioned in 1.35% Job Postings): Loan review is a process routinely used by banks to assess the current value of loan portfolios. Provisioning is a technique to translate loan review results into the balance sheet.

See More Skills

Skills	Demand Percentage
Customer Service	10.13%
Data Entry	2.88%
Loan Review	1.35%

What skills can make your compensation higher?

Mastering certain specialized skills can lead to a significant increase in pay. Here are examples of skills and the potential impact they can have on a Loan Processing Assistant's salary.

Listening: Can increase your salary by up to 38%.
Leadership: Can increase your salary by up to 28%.
Pricing: Can increase your salary by up to 18%.

Skill	Salary	Salary % Increase
Listening	$54,736	38%
Leadership	$50,769	28%
Pricing	$46,803	18%
Underwriting	$44,820	13%
Coordination	$43,233	9%
Verbal Communication	$42,836	8%

Get Latest Data

Loan Processing Assistant Salary: Hourly Rate, Weekly Pay, and Monthly Pay

Understanding how a Loan Processing Assistant's annual salary breaks down can help with budgeting. Below, you can see the average hourly rate, weekly pay, and monthly pay for this role. Use the buttons to switch between different pay periods.

Last Updated on May 01, 2026

$36,482

Average $39,663/year

$42,334

$3,040

Average $3,305/month

$3,528

$702

Average $763/week

$814

$18

Average $19/hour

$20

	Annual Salary	Monthly Pay	Weekly Pay	Hourly Wage
75th Percentile	$42,334	$3,528	$814	$20
Average	$39,663	$3,305	$763	$19
25th Percentile	$36,482	$3,040	$702	$18

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