Loan Technician Salaries in Illinois
How Much Does a Loan Technician Make in Illinois?
Updated March 01, 2025
As of March 01, 2025,
the average annual pay of Loan Technician in Illinois is $123,659.
While Salary.com is seeing that Loan Technician salary in IL can go up to $156,353
or down to $85,120, but most earn between $103,486 and $140,772.
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 Technician
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Similar Job Salaries to Loan Technician by Company
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| Company | average base salary in (usd) | range |
|---|---|---|
|
BSI Financial
LOAN TECHNICIAN
|
$79,273/yr
|
RANGE: $67,169 - $91,378
|
|
ISPFCU
Loan Assistant
|
$62,135/yr
|
RANGE: $53,439 - $70,831
|
|
Mitchell Martin Inc.
Loan Administrator
|
$56,680/yr
|
RANGE: $48,317 - $65,042
|
|
Fay Group
Loan Processor
|
$67,476/yr
|
RANGE: $58,106 - $76,847
|
|
TEKsystems
Loan Processor
|
$67,476/yr
|
RANGE: $58,106 - $76,847
|
|
Rose International
Loan Processor
|
$47,920/yr
|
RANGE: $42,443 - $53,396
|
|
Guild
LOAN OFFICER
|
$100,698/yr
|
RANGE: $80,268 - $121,128
|
|
Apex Systems
Loan Processor
|
$47,920/yr
|
RANGE: $42,443 - $53,396
|
|
Neighborhood Loans
Loan Partner
|
$66,398/yr
|
RANGE: $57,158 - $75,637
|
|
Constructive Loans
Loan Processor
|
$67,476/yr
|
RANGE: $58,106 - $76,847
|
Top 10 Highest Paying Cities For Loan Technician Jobs in Illinois
It is important to understand how location impacts your career prospects in the United States.
There are some cities where a Loan Technician 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 Technician job salaries in Illinois.
Some cities can pay higher salaries for Loan Technician jobs, which can indicate that there is a large demand for Loan Technician positions in this city.
The following table shows top 10 cities where the Loan Technician salary is higher than other cities in Illinois.
Chicago takes first place in this list, followed by Cicero, Evanston.
The Loan Technician salary is $126,802 in Chicago,
which is higher than the national average. There are 20 cities' Loan Technician salary higher than national average in Illinois.
The average salary for a Loan Technician in Illinois is $123,659,
but we found that the city with the highest salary for Loan Technician jobs is Chicago, IL, and it is higher than Cicero.
Loan Technician jobs in Chicago can have the opportunity to earn higher salaries than in other cities in Illinois.
| CITY | ANNUAL SALARY | MONTHLY PAY | WEEKLY PAY | HOURLY WAGE |
| Chicago | $126,802 | $10,567 | $2,438 | $61 |
| Cicero | $126,802 | $10,567 | $2,438 | $61 |
| Evanston | $126,802 | $10,567 | $2,438 | $61 |
| Oak Park | $126,802 | $10,567 | $2,438 | $61 |
| Skokie | $126,802 | $10,567 | $2,438 | $61 |
| Oak Lawn | $126,681 | $10,557 | $2,436 | $61 |
| Des Plaines | $126,439 | $10,537 | $2,432 | $61 |
| Mount Prospect | $126,318 | $10,527 | $2,429 | $61 |
| Aurora | $125,714 | $10,476 | $2,418 | $60 |
| Hoffman Estates | $125,714 | $10,476 | $2,418 | $60 |
What Does a Loan Technician Do?
Our technicians can offer you financial counseling and help you deal with your servicer (or work with you directly in the case of a VA direct loan).
Updated October 07, 2021
If you are thinking of becoming a Loan Technician or planning the next step in your career, find details about.
Updated December 06, 2021
Ensure compliance with Standard Operating ProceduresQualificationsBe valued for who you are:To do this well, our Loan Set Technicians need to have exceptional attention to detail and a strong customer service orientation.
Updated November 23, 2021
In just 4 months, you can finish with two certifications (An Electrocardiogram Technician and a surgical Technician) without a loan on your neck.
Updated October 09, 2021
Serves as a trainee assisting higher graded technicians in performing a variety of technical and clerical support functions involving; loans, grants and loan guarantee programs.
Updated October 08, 2021
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Explore JobArchitectFrequently Asked Questions About a Loan Technician Salaries
What is the average of a Loan Technician in Illinois?
The Loan Technician salary range is from $103,486 to $140,772, and the average Loan Technician salary is $123,659/year in Illinois.
The Loan Technician's salary will change in different locations.
Which location pays the highest Loan Technician salary in the United States?
The Loan Technician salary in San Jose, CA is $151,703
which is the highest in the US.
What kinds of reasons will influence the Loan Technician'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 Technician.
What is the growth rate of the Loan Technician's salary?
If you are thinking of becoming a Loan Technician or planning the next step in your career, find the detailed salary report of a Loan Technician.
