Loan Processor Trainee Salaries in Tennessee
How Much Does a Loan Processor Trainee Make in Tennessee?
Updated April 01, 2025
As of April 01, 2025,
the average annual pay of Loan Processor Trainee in Tennessee is $47,089.
While Salary.com is seeing that Loan Processor Trainee salary in TN can go up to $57,114
or down to $38,818, but most earn between $42,760 and $52,336.
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 Processor Trainee
Facing Salary Structure Challenges? Let Our Expert Guide You
The job market is increasingly challenging. Our whitepaper, Navigating the Challenges of Creating Salary Structures, offers guidance on creating salary structures. Provide your phone number and work email to download the full version.
We will handle your contact details in line with our Privacy Policy.
If you prefer not to receive marketing emails from Salary.com, you can opt-out out of marketing communications at any time by clicking unsubscribe.
Choose a prefer time
Choose Your Preferred Time
All times are listed as US Eastern time (Boston/New York)
-
9:00 AM-9:30 AM
-
9:30 AM-10:00 AM
-
10:00 AM-10:30 AM
-
10:30 AM-11:00 AM
-
11:00 AM-11:30 AM
-
11:30 AM-12:00 PM
-
12:00 PM-12:30 PM
-
12:30 PM-1:00 PM
-
1:00 PM-1:30 PM
-
1:30 PM-2:00 PM
-
2:00 PM-2:30 PM
-
2:30 PM-3:00 PM
-
3:00 PM-3:30 PM
-
3:30 PM-4:00 PM
-
4:00 PM-4:30 PM
-
4:30 PM-5:00 PM
-
5:00 PM-5:30 PM
-
5:30 PM-6:00 PM
-
6:00 PM-6:30 PM
-
6:30 PM-7:00 PM
-
7:00 PM-7:30 PM
-
7:30 PM-8:00 PM
Similar Job Salaries to Loan Processor Trainee by Company
Loading results...
| Company | average base salary in (usd) | range |
|---|---|---|
|
400 Vanderbilt Mortgage and Finance
Loan Processor
|
$58,200/yr
|
RANGE: $51,041 - $65,359
|
|
Vanderbilt Mortgage
Loan Processor
|
$53,148/yr
|
RANGE: $47,798 - $58,499
|
|
First Horizon
Loan Operations Processor Sr.
|
$49,682/yr
|
RANGE: $44,917 - $54,448
|
|
MortgageRight
Mortgage Loan Processor
|
$47,590/yr
|
RANGE: $43,768 - $51,412
|
|
First Federal Bank
Consumer Loan Processor
|
$52,524/yr
|
RANGE: $47,356 - $57,692
|
|
Vanderbilt Mortgage
Bilingual Loan Processor (NON-LO)
|
$53,148/yr
|
RANGE: $47,798 - $58,499
|
|
400 Vanderbilt Mortgage and Finance
Bilingual Loan Processor (NON-LO)
|
$46,552/yr
|
RANGE: $42,062 - $51,042
|
|
Pennymac
Loan Officer Trainee - Entry Level
|
$69,783/yr
|
RANGE: $62,401 - $77,165
|
|
Team Cook - CrossCountry Mortgage
Processor
|
$45,160/yr
|
RANGE: $41,227 - $49,094
|
|
BankFirst Financial Services
Loan Processor
|
$49,540/yr
|
RANGE: $44,553 - $54,527
|
Top 10 Highest Paying Cities For Loan Processor Trainee Jobs in Tennessee
It is important to understand how location impacts your career prospects in the United States.
There are some cities where a Loan Processor Trainee 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 Processor Trainee job salaries in Tennessee.
Some cities can pay higher salaries for Loan Processor Trainee jobs, which can indicate that there is a large demand for Loan Processor Trainee positions in this city.
The following table shows top 10 cities where the Loan Processor Trainee salary is higher than other cities in Tennessee.
Nashville takes first place in this list, followed by Hendersonville, Franklin.
The Loan Processor Trainee salary is $47,835 in Nashville,
which is lower than the national average. There is 0 city's Loan Processor Trainee salary higher than national average in Tennessee.
The average salary for a Loan Processor Trainee in Tennessee is $47,089,
but we found that the city with the highest salary for Loan Processor Trainee jobs is Nashville, TN, and it is higher than Hendersonville.
Loan Processor Trainee jobs in Nashville can have the opportunity to earn higher salaries than in other cities in Tennessee.
| CITY | ANNUAL SALARY | MONTHLY PAY | WEEKLY PAY | HOURLY WAGE |
| Nashville | $47,835 | $3,986 | $920 | $23 |
| Hendersonville | $47,764 | $3,980 | $919 | $23 |
| Franklin | $47,668 | $3,972 | $917 | $23 |
| Murfreesboro | $47,482 | $3,957 | $913 | $23 |
| Memphis | $47,200 | $3,933 | $908 | $23 |
| Germantown | $47,084 | $3,924 | $905 | $23 |
| Jackson | $46,847 | $3,904 | $901 | $23 |
| Knoxville | $46,232 | $3,853 | $889 | $22 |
| Chattanooga | $45,708 | $3,809 | $879 | $22 |
| Clarksville | $45,507 | $3,792 | $875 | $22 |
What Does a Loan Processor Trainee Do?
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
A loan processor deals with lots of paperwork and basically assists the loan officer in closing the loan.
Updated October 26, 2021
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
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
Empower Your Talent Strategy with Salary.com's Skills Library.
Struggling with Managing Your Job Descriptions?
View Job Skills and Competency Data for more than 15,000 Job Titles, 18 Industries, and 26 Job Families.
Skills LibraryOur job description management tool- JobArchitect streamlines your job description process. Say goodbye to the hassle of crafting job descriptions.
Explore JobArchitectFrequently Asked Questions About a Loan Processor Trainee Salaries
What is the average of a Loan Processor Trainee in Tennessee?
The Loan Processor Trainee salary range is from $42,760 to $52,336, and the average Loan Processor Trainee salary is $47,089/year in Tennessee.
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 $63,556
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.
