Loan Processor Trainee Salaries in the United States
How Much Does a Loan Processor Trainee Make?
Updated March 26, 2024
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SELECT STATE
Select State
- Alaska
- Alabama
- Arkansas
- Arizona
- California
- Colorado
- Connecticut
- District of Columbia
- Delaware
- Florida
- Georgia
- Hawaii
- Iowa
- Idaho
- Illinois
- Indiana
- Kansas
- Kentucky
- Louisiana
- Massachusetts
- Maryland
- Maine
- Michigan
- Minnesota
- Missouri
- Mississippi
- Montana
- North Carolina
- North Dakota
- Nebraska
- New Hampshire
- New Jersey
- New Mexico
- Nevada
- New York
- Ohio
- Oklahoma
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- Utah
- Virginia
- Vermont
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Individually reported data submitted by users of our website
Normal Confidence
$47,404/yr
Average Base Pay
Low $42,933
Average $47,404
High $52,904
The average salary for Loan Processor Trainee is $47,404 per year in the United States.
Related Job Titles to Loan Processor Trainee
Similar Job Salaries to Loan Processor Trainee by Company
Loading results...
| Company | average base salary in (usd) | range |
|---|---|---|
|
SEARCH Group Partners
Loan Processor
|
$45,552/yr
|
RANGE: $39,978 - $51,127
|
|
NVR Inc
Loan Processor
|
$45,787/yr
|
RANGE: $40,184 - $51,390
|
|
Irving City Employees Federal Credit Union
Loan Processor
|
$46,351/yr
|
RANGE: $40,678 - $52,023
|
|
Del-One Federal Credit Union
Loan Processor
|
$49,309/yr
|
RANGE: $43,275 - $55,344
|
|
DHI Mortgage
Loan Processor
|
$45,975/yr
|
RANGE: $40,349 - $51,601
|
|
Farm Credit Council
Loan processor
|
$47,236/yr
|
RANGE: $41,314 - $53,158
|
|
Eglin Federal Credit Union
Loan Processor
|
$57,524/yr
|
RANGE: $49,710 - $65,339
|
|
The Hartford Gold Group
Loan Processor
|
$51,610/yr
|
RANGE: $45,294 - $57,926
|
What Does a Loan Processor Trainee Do?
Our mortgage loan processors collaborate with customers, underwriting, and our sales team to make the dream of homeownership possible by gathering and analyzing documents to make a complete loan file.
Updated December 08, 2021
The loan processor who works with the broker will essentially send conditions to the AM that works at the bank so they can be signed off.
Updated December 04, 2021
In a nutshell, the loan originator hustles to bring in new borrowers and the loan processor hustles to get the loans funded, while both may irritate the underwriter in the process.
Updated November 25, 2021
However, some processors are actually more knowledgeable than the more sales-oriented loan officers because they handle more volume and may have more years of mortgage experience under their belt.
Updated November 21, 2021
Assuming the loan is approved, the processor will receive a list of prior-to-document conditions (PTDs) that must be met before loan documents are released by the bank.
Updated November 19, 2021
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Explore JobArchitectFrequently Asked Questions About a Loan Processor Trainee Salaries
What is the average of a Loan Processor Trainee in the United States?
The Loan Processor Trainee salary range is from $42,933 to $52,904, and the average Loan Processor Trainee salary is $47,404/year in the United States.
The Loan Processor Trainee's salary will change in different locations.
Which location pays the highest Loan Processor Trainee salary in the United States?
The Loan Processor Trainee salary in San Jose, CA is $59,492
which is the highest in the US.
What kinds of reasons will influence the Loan Processor Trainee'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 Processor Trainee.
What is the growth rate of the Loan Processor Trainee's salary?
If you are thinking of becoming a Loan Processor Trainee or planning the next step in your career, find the detailed salary report of a Loan Processor Trainee.
Recent Salary Report
Below are the most recent Loan Processor Trainee salary reports. Employer name has been removed to protect anonymity.
$27
Hourly
A Loan Processor Trainee in Hilo, HI reported making $27 per hour
Hilo, HI
3,000 - 7,6 employees
Part-Time
Company - Public
$20
Hourly
A Loan Processor Trainee in Glendale, AZ reported making $20 per hour
Glendale, AZ
7,6 - 15,000 employees
Part-Time
Company - Public
$46,659
Yearly
A Loan Processor Trainee in Lima, OH reported making $46,659 per year
Lima, OH
200 - 6 employees
Full-Time
Company - Private
$3,464
Monthly
A Loan Processor Trainee in Medford, MA reported making $3,464 per month
Medford, MA
1,000 - 3,000 employees
Full-Time
Company - Public
$46,038
Yearly
A Loan Processor Trainee in Troy, NY reported making $46,038 per year
Troy, NY
6 - 1,000 employees
Full-Time
Company - Private
$44,982
Yearly
A Loan Processor Trainee in Costa Mesa, CA reported making $44,982 per year
Costa Mesa, CA
100 - 200 employees
Full-Time
Company - Private
