Loan Processing Specialist Salaries in Massachusetts
How Much Does a Loan Processing Specialist Make in Massachusetts?
Updated March 01, 2025
As of March 01, 2025,
the average annual pay of Loan Processing Specialist in Massachusetts is $62,219.
While Salary.com is seeing that Loan Processing Specialist salary in MA can go up to $75,404
or down to $48,254, but most earn between $54,909 and $69,121.
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 Processing Specialist
Mortgage Loan Processing Compliance Specialist
$55,800
Massachusetts
Per Year
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Similar Job Salaries to Loan Processing Specialist by Company
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| Company | average base salary in (usd) | range |
|---|---|---|
|
United Wholesale Mortgage
Loan Processing Specialist
|
$67,138/yr
|
RANGE: $57,347 - $76,929
|
|
Farm Credit Northwest Florida
Loan Processing & Closing Specialist
|
$57,532/yr
|
RANGE: $49,259 - $65,806
|
|
Imagine Staffing Technology
Loan Processing Specialist
|
$58,749/yr
|
RANGE: $50,917 - $66,581
|
|
SOUTHEAST BANK
Loan Processing Specialist
|
$58,986/yr
|
RANGE: $50,794 - $67,177
|
|
Farm Credit Illinois
Loan Processing Specialist
|
$63,540/yr
|
RANGE: $54,357 - $72,723
|
|
Mercantile Bank
Commercial Loan Processing Specialist
|
$62,395/yr
|
RANGE: $53,730 - $71,059
|
|
NANO BANC
Commercial Loan Processing Specialist
|
$73,559/yr
|
RANGE: $62,956 - $84,161
|
|
Invigorate Finance
Loan Processing Specialist
|
$58,268/yr
|
RANGE: $51,000 - $65,537
|
|
Nuwest Group
Sterile Processing Specialist
|
$68,062/yr
|
RANGE: $58,711 - $77,414
|
Top 10 Highest Paying Cities For Loan Processing Specialist Jobs in Massachusetts
It is important to understand how location impacts your career prospects in the United States.
There are some cities where a Loan Processing Specialist 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 Processing Specialist job salaries in Massachusetts.
Some cities can pay higher salaries for Loan Processing Specialist jobs, which can indicate that there is a large demand for Loan Processing Specialist positions in this city.
The following table shows top 10 cities where the Loan Processing Specialist salary is higher than other cities in Massachusetts.
Boston takes first place in this list, followed by Cambridge, Waltham.
The Loan Processing Specialist salary is $64,106 in Boston,
which is higher than the national average. There are 36 cities' Loan Processing Specialist salary higher than national average in Massachusetts.
The average salary for a Loan Processing Specialist in Massachusetts is $62,219,
but we found that the city with the highest salary for Loan Processing Specialist jobs is Boston, MA, and it is higher than Cambridge.
Loan Processing Specialist jobs in Boston can have the opportunity to earn higher salaries than in other cities in Massachusetts.
| CITY | ANNUAL SALARY | MONTHLY PAY | WEEKLY PAY | HOURLY WAGE |
| Boston | $64,106 | $5,342 | $1,233 | $31 |
| Cambridge | $64,106 | $5,342 | $1,233 | $31 |
| Waltham | $64,106 | $5,342 | $1,233 | $31 |
| Newton | $64,106 | $5,342 | $1,233 | $31 |
| Arlington | $64,106 | $5,342 | $1,233 | $31 |
| Brookline | $64,106 | $5,342 | $1,233 | $31 |
| Lynn | $64,106 | $5,342 | $1,233 | $31 |
| Malden | $64,106 | $5,342 | $1,233 | $31 |
| Medford | $64,106 | $5,342 | $1,233 | $31 |
| Quincy | $64,106 | $5,342 | $1,233 | $31 |
What Does a Loan Processing Specialist Do?
Red flags will appear in myPurdue, even if these requirements have been completed, until we begin processing loans in April.
Updated December 13, 2021
Before committing to loan consolidation, be sure to discuss your particular situation fully with a loan consolidation specialist to see if loan consolidation is best for you.
Updated November 24, 2021
Dhani’s No-EMI Personal Loan is a unique offering that can be availed at no interest and zero processing fees.
Updated November 24, 2021
As a loan servicing specialist, your duties primarily focus on ensuring that all documents, signatures, and supporting information are complete and in compliance with all rules and regulations governing loan processing.
Updated November 21, 2021
Make sure we follow the regulatory requirements with regard to payment processing and new loan set up.
Updated November 08, 2021
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Explore JobArchitectFrequently Asked Questions About a Loan Processing Specialist Salaries
What is the average of a Loan Processing Specialist in Massachusetts?
The Loan Processing Specialist salary range is from $54,909 to $69,121, and the average Loan Processing Specialist salary is $62,219/year in Massachusetts.
The Loan Processing Specialist's salary will change in different locations.
Which location pays the highest Loan Processing Specialist salary in the United States?
The Loan Processing Specialist salary in San Jose, CA is $71,769
which is the highest in the US.
What kinds of reasons will influence the Loan Processing Specialist'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 Specialist.
What is the growth rate of the Loan Processing Specialist's salary?
If you are thinking of becoming a Loan Processing Specialist or planning the next step in your career, find the detailed salary report of a Loan Processing Specialist.
