Loan Processor Trainee Salaries in Hamburg, IL
How Much Does a Loan Processor Trainee Make in Hamburg, IL?
Updated May 28, 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
- Oregon
- Pennsylvania
- Rhode Island
- South Carolina
- South Dakota
- Tennessee
- Texas
- Utah
- Virginia
- Vermont
- Washington
- Wisconsin
- West Virginia
- Wyoming
Individually reported data submitted by users of our website
Normal Confidence
$46,270/yr
Average Base Pay
Low $41,907
Average $46,270
High $51,638
The average salary for Loan Processor Trainee is $46,270 per year in Hamburg, IL.
Related Job Titles to Loan Processor Trainee
Similar Job Salaries to Loan Processor Trainee by Company
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| Company | average base salary in (usd) | range |
|---|---|---|
|
Central Credit Union Of Illinois
Loan Processor
|
$66,639/yr
|
RANGE: $54,756 - $78,521
|
|
CrossCountry Mortgage, LLC
Loan Processor
|
$49,561/yr
|
RANGE: $43,346 - $55,777
|
|
Town & Country Bank Midwest
Loan Processor
|
$45,492/yr
|
RANGE: $39,924 - $51,061
|
|
DHI Mortgage
Loan Processor
|
$48,277/yr
|
RANGE: $42,367 - $54,186
|
|
First Mid-Illinois Bancshares
Loan processor
|
$45,398/yr
|
RANGE: $39,841 - $50,955
|
|
Flanagan State Bank
Mortgage Loan Processor
|
$50,395/yr
|
RANGE: $44,012 - $56,779
|
|
INB, National Association
Mortgage Loan Processor
|
$49,788/yr
|
RANGE: $43,206 - $56,369
|
|
INB
Mortgage loan processor
|
$49,788/yr
|
RANGE: $43,206 - $56,369
|
|
Illinois National Bank
Mortgage Loan Processor
|
$57,518/yr
|
RANGE: $47,625 - $67,411
|
|
Bankorion
Residential Mortgage Loan Processor
|
$49,375/yr
|
RANGE: $42,590 - $56,160
|
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 Hamburg, IL?
The Loan Processor Trainee salary range is from $41,907 to $51,638, and the average Loan Processor Trainee salary is $46,270/year in Hamburg, IL.
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 $59,803
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.
