What are the main factors that influence a Residential Loan Processor's salary?

The primary factors are: 1) Experience Level, 2) Geographic Location, 3) Education/Skills, 4) Company Size & Industry

How does experience change A Residential Loan Processor's salary?

A Residential Loan Processor's salary grows with experience: a Loan Processor I (0-1 years)earns $43,353, a Residential Loan Processor (1-3 years)earns $48,566, a Loan Processor III (3-5 years)earns $58,882, a Loan Processing Supervisor (5+ years)earns $63,633,

What are the highest paying states for a Residential Loan Processor?

Residential Loan Processor salary varies significantly by state. The top 3 highest paying states for Residential Loan Processor roles are District of Columbia $53,468, California $53,265, Massachusetts $52,555. These tech hubs typically pay 10-15% above the national average.

How much do different types of Residential Loan Processor roles make?

Salaries for Residential Loan Processor level roles vary by specialization: Senior Mortgage Loan Processor: $63,390; Mortgage Loan Processor III: $63,342; Loan Processor III: $59,291; Mortgage Loan Processor II: $50,144; Loan Processor II: $48,903.

How do different companies affect a Residential Loan Processor's salary?

Company size, industry, and compensation structure create significant salary variations for Residential Loan Processor roles. Large, established industry leaders like Kpmg Us LLP ($114,295) and Warner Bros Discovery ($114,096) offer base salaries 35-40% above the national average. In contrast, smaller firms or startups may offer closer to $88,138.

Residential Loan Processor Salary in the United States

How much does a Residential Loan Processor make in the United States?

As of August 01, 2026, the average salary for a Residential Loan Processor in the United States is $48,291 per year, which breaks down to an hourly rate of $23.

However, a Residential Loan Processor's salary can vary significantly. Here’s a look at the typical salary range:

Top Earners (90th percentile): $56,859
Majority Range (25th-75th percentile): $44,334 to $52,776
Entry-Level (10th percentile): $40,731

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Residential Loan Processor Salaries by Percentile

	Annual Salary	Monthly Pay	Weekly Pay	Hourly Wage
75th Percentile	$52,776	$4,398	$1,015	$25
Average	$48,291	$4,024	$929	$23
25th Percentile	$44,334	$3,694	$853	$21

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Key Factors That Influence Residential Loan Processor Salaries

A Residential Loan Processor's salary isn't a fixed number. It's shaped by several important factors. Below, we'll explore how your years of experience, geographic location, education and company size can directly affect your earning potential.

How Do Residential Loan Processor Salaries Vary from State to State?

Your salary can change significantly depending on where you work. States with a higher cost of living and strong industrial sectors often pay more to attract Residential Loan Processors. For example, consider the average annual salaries in these key locations:

District of Columbia: $53,468.
California: $53,265.
Massachusetts: $52,555.

District of Columbia $53,468

California $53,265

Massachusetts $52,555

Washington $52,362

New Jersey $52,342

Alaska $52,275

Connecticut $51,608

New York $51,338

Hawaii $50,474

Rhode Island $50,068

Maryland $49,793

Minnesota $49,416

Colorado $49,271

Illinois $49,223

Oregon $49,039

Delaware $48,904

New Hampshire $48,819

Virginia $48,629

Pennsylvania $48,073

Nevada $47,793

North Dakota $47,702

Michigan $47,557

Wisconsin $47,504

Vermont $47,397

Texas $47,103

Maine $47,084

Arizona $47,055

Ohio $47,021

Georgia $46,576

Indiana $46,354

Wyoming $46,311

Utah $46,243

Iowa $46,214

Kansas $45,982

Louisiana $45,915

North Carolina $45,891

Missouri $45,881

Florida $45,693

Montana $45,591

Nebraska $45,495

Kentucky $45,442

South Carolina $45,248

Tennessee $45,128

Idaho $45,079

New Mexico $44,727

Oklahoma $44,650

Alabama $44,365

South Dakota $43,887

Arkansas $43,626

West Virginia $43,486

Mississippi $43,066

Top Paying Cities for Residential Loan Processors

Salaries can also vary between different cities. Major metropolitan areas or cities with a high demand for technicians often offer more competitive pay. Here are a few examples of average annual salaries in different U.S. cities:

San Jose: $60,909
San Francisco: $60,242
Oakland: $58,973

San Jose, CA $60,909

San Francisco, CA $60,242

Oakland, CA $58,973

New York, NY $55,602

Paramus, NJ $54,925

Queens Village, NY $54,923

Passaic, NJ $54,877

Bergenfield, NJ $54,873

Stamford, CT $54,767

Huntington, NY $54,747

Newark, NJ $54,390

Bridgeport, CT $54,288

Vallejo, CA $54,192

New Brunswick, NJ $54,173

Petaluma, CA $54,144

Middlesex, NJ $54,052

Somerset, NJ $54,018

Santa Cruz, CA $53,955

Boston, MA $53,661

Monterey, CA $53,491

Seattle, WA $53,381

Santa Rosa, CA $53,371

Los Angeles, CA $53,357

Juneau, AK $53,231

Washington, DC $53,178

Orange, CA $53,006

Santa Ana, CA $52,878

Long Beach, CA $52,830

Anaheim, CA $52,820

Anchorage, AK $52,796

Santa Maria, CA $52,651

Everett, WA $52,642

Danbury, CT $52,472

Bremerton, WA $52,405

Tacoma, WA $52,231

New Suffolk, NY $52,230

Sacramento, CA $52,217

Santa Barbara, CA $52,164

Trenton, NJ $52,111

San Diego, CA $52,111

Brockton, MA $52,057

Fairbanks, AK $51,939

Lompoc, CA $51,816

Lowell, MA $51,777

Ventura, CA $51,768

Nashua, NH $51,758

Stockton, CA $51,753

Modesto, CA $51,401

Poughkeepsie, NY $51,294

Olympia, WA $51,203

Kennewick, WA $51,203

New Haven, CT $51,183

Lawrence, MA $51,010

Hartford, CT $50,961

Riverside, CA $50,952

New Bedford, MA $50,903

Richland, WA $50,903

Bakersfield, CA $50,836

San Bernardino, CA $50,816

New Britain, CT $50,812

Atlantic City, NJ $50,812

New London, CT $50,792

Norwich, CT $50,778

Portsmouth, NH $50,768

Boulder, CO $50,666

Portland, OR $50,599

Worcester, MA $50,594

Minneapolis, MN $50,445

Philadelphia, PA $50,377

Honolulu, HI $50,218

Saint Paul, MN $50,194

Vineland, NJ $50,184

Providence, RI $50,044

Chicago, IL $49,904

Bellingham, WA $49,846

Springfield, MA $49,807

Baltimore, MD $49,793

Chico, CA $49,672

Pittsfield, MA $49,542

Manchester, NH $49,450

Spokane, WA $49,237

Denver, CO $49,232

Albany, NY $49,006

Troy, NY $48,986

Nassau, NY $48,935

Schenectady, NY $48,885

Wilmington, DE $48,846

Burlington, VT $48,779

Salem, OR $48,759

Portland, ME $48,610

Yakima, WA $48,561

Rochester, MN $48,412

Reno, NV $48,387

Fresno, CA $48,387

Milwaukee, WI $48,344

Detroit, MI $48,296

Ann Arbor, MI $48,287

Allentown, PA $48,281

Colorado Springs, CO $48,199

Syracuse, NY $48,175

Carson City, NV $48,175

Houston, TX $48,107

Eugene, OR $48,083

Gary, IN $48,025

Springfield, OR $47,987

Bismarck, ND $47,977

Galveston, TX $47,943

Medford, OR $47,871

Fort Collins, CO $47,851

Concord, NH $47,827

Austin, TX $47,813

Mesa, AZ $47,711

Reading, PA $47,706

Phoenix, AZ $47,702

Dallas, TX $47,687

Saint Cloud, MN $47,641

Madison, WI $47,576

Utica, NY $47,446

Rochester, NY $47,368

Des Moines, IA $47,364

Raleigh, NC $47,359

Atlanta, GA $47,286

Battle Creek, MI $47,272

Salt Lake City, UT $47,257

Lancaster, PA $47,185

Harrisburg, PA $47,117

Kansas City, MO $47,069

Champaign, IL $47,059

Kansas City, KS $47,059

Fort Worth, TX $47,055

Columbus, OH $47,046

Boca Raton, FL $47,035

Pittsburgh, PA $47,016

Richmond, VA $46,997

Indianapolis, IN $46,987

Cleveland, OH $46,982

Las Vegas, NV $46,924

Cincinnati, OH $46,924

Petersburg, VA $46,852

Huntsville, AL $46,779

Lansing, MI $46,747

Lebanon, PA $46,741

Pueblo, CO $46,736

Appleton, WI $46,721

Buffalo, NY $46,702

Dayton, OH $46,688

Racine, WI $46,678

Charlotte, NC $46,673

Saint Louis, MO $46,659

York, PA $46,630

Elkhart, IN $46,630

Gastonia, NC $46,620

Billings, MT $46,609

Beaumont, TX $46,596

Lorain, OH $46,586

Benton Harbor, MI $46,576

Toledo, OH $46,567

Binghamton, NY $46,543

Rock Hill, SC $46,538

Rockford, IL $46,514

Springfield, IL $46,494

Elyria, OH $46,490

Fargo, ND $46,490

Flagstaff, AZ $46,456

Fort Lauderdale, FL $46,427

Duluth, MN $46,398

Miami, FL $46,398

Cheyenne, WY $46,364

Grand Forks, ND $46,364

Bangor, ME $46,258

Cedar Rapids, IA $46,205

Durham, NC $46,184

Louisville, KY $46,180

Grand Rapids, MI $46,171

Hialeah, FL $46,166

Casper, WY $46,098

Scranton, PA $46,040

New Orleans, LA $46,026

Virginia Beach, VA $46,021

Akron, OH $45,997

Peoria, IL $45,934

Sarasota, FL $45,925

Nashville, TN $45,891

Omaha, NE $45,891

Green Bay, WI $45,891

Baton Rouge, LA $45,867

Charleston, SC $45,857

Jamestown, NY $45,833

Davenport, IA $45,833

Tucson, AZ $45,809

Saint Petersburg, FL $45,780

Tampa, FL $45,770

Evansville, IN $45,741

Port Arthur, TX $45,741

Bradenton, FL $45,722

Santa Fe, NM $45,635

Orlando, FL $45,548

Clearwater, FL $45,533

Canton, OH $45,432

La Crosse, WI $45,432

Albuquerque, NM $45,403

Newport News, VA $45,398

High Point, NC $45,384

Ogden, UT $45,364

Corpus Christi, TX $45,326

Norfolk, VA $45,297

Laramie, WY $45,297

Rock Island, IL $45,268

Saginaw, MI $45,258

Jacksonville, FL $45,253

Salisbury, NC $45,244

Boise, ID $45,234

Moline, IL $45,210

Fort Myers, FL $45,195

Memphis, TN $45,186

Tulsa, OK $45,162

Waterloo, IA $45,133

Spartanburg, SC $45,084

Lincoln, NE $45,060

Fort Wayne, IN $45,050

Provo, UT $45,046

Cedar Falls, IA $44,988

San Antonio, TX $44,968

Greensboro, NC $44,949

South Bend, IN $44,944

Savannah, GA $44,891

Muskegon, MI $44,872

Birmingham, AL $44,867

Winston Salem, NC $44,843

Lake Charles, LA $44,727

Anderson, IN $44,717

Lexington, KY $44,703

Augusta, GA $44,688

Greenville, SC $44,688

Lima, OH $44,650

Wichita, KS $44,645

Tuscaloosa, AL $44,645

Columbia, SC $44,601

Springfield, OH $44,592

Asheville, NC $44,514

Bloomington, IN $44,481

Knoxville, TN $44,307

Shreveport, LA $44,302

Wilmington, NC $44,239

Roanoke, VA $44,239

Topeka, KS $44,152

Frankfort, KY $44,147

Oklahoma City, OK $44,114

Chillicothe, OH $44,094

Longview, TX $44,090

Melbourne, FL $44,085

Sioux Falls, SD $44,007

Mobile, AL $44,003

Terre Haute, IN $43,983

Altoona, PA $43,954

Amarillo, TX $43,920

Killeen, TX $43,906

Fayetteville, AR $43,867

Chattanooga, TN $43,853

Sioux City, IA $43,809

Idaho Falls, ID $43,800

Lynchburg, VA $43,761

Gainesville, FL $43,698

Portsmouth, OH $43,674

Little Rock, AR $43,665

Lafayette, LA $43,645

Youngstown, OH $43,645

Daytona Beach, FL $43,616

Clarksville, TN $43,611

Pensacola, FL $43,607

Temple, TX $43,603

Hopkinsville, KY $43,462

Erie, PA $43,452

Florence, SC $43,433

Charleston, WV $43,355

Great Falls, MT $43,331

Macon, GA $43,264

Tallahassee, FL $43,259

Fayetteville, NC $43,249

Waco, TX $43,240

Helena, MT $43,206

Pine Bluff, AR $43,187

Vincennes, IN $43,129

Lubbock, TX $43,109

Alamogordo, NM $43,080

Twin Falls, ID $43,037

Rapid City, SD $43,022

Jackson, MS $42,935

Huntington, WV $42,932

Greenville, MS $42,931

Parkersburg, WV $42,881

Montgomery, AL $42,873

Wichita Falls, TX $42,824

Springfield, MO $42,824

Biloxi, MS $42,800

Monroe, LA $42,752

Johnstown, PA $42,718

Sumter, SC $42,699

Columbus, GA $42,694

Pascagoula, MS $42,602

Abilene, TX $42,602

Kingsport, TN $42,477

Albany, GA $42,477

Gulfport, MS $42,462

Alexandria, LA $42,303

Fort Smith, AR $42,182

El Paso, TX $42,052

Las Cruces, NM $41,834

Harlingen, TX $41,712

Pocatello, ID $41,704

Florence, AL $41,641

Brownsville, TX $41,631

Mcallen, TX $41,530

Dothan, AL $41,462

Columbus, MS $41,176

Altus, OK $40,951

Lawton, OK $40,859

Pierre, SD $40,685

What Skills Can Increase a Residential Loan Processor's Salary?

Demanded Skills for the Role:

Customer Service (Mentioned in 9.84% Job Postings): Customer service is the provision of service to customers before, during and after a purchase. The perception of success of such interactions is dependent on employees "who can adjust themselves to the personality of the guest". Customer service concerns the priority an organization assigns to customer service relative to components such as product innovation and pricing. In this sense, an organization that values good customer service may spend more money in training employees than the average organization or may proactively interview customers for feedback. From the point of view of an overall sales process engineering effort, customer service plays an important role in an organization's ability to generate income and revenue. From that perspective, customer service should be included as part of an overall approach to systematic improvement. One good customer service experience can change the entire perception a customer holds towards the organization.
Data Entry (Mentioned in 2.85% Job Postings): Transcribing information into an electronic medium such as a computer or other electronic device.
Loan Review (Mentioned in 1.38% Job Postings): Loan review is a process routinely used by banks to assess the current value of loan portfolios. Provisioning is a technique to translate loan review results into the balance sheet.

See More Skills

Skills	Demand Percentage
Customer Service	9.84%
Data Entry	2.85%
Loan Review	1.38%

What skills can make your compensation higher?

Mastering certain specialized skills can lead to a significant increase in pay. Here are examples of skills and the potential impact they can have on a Residential Loan Processor's salary.

Team Operations: Can increase your salary by up to 7%.
Leadership: Can increase your salary by up to 6%.
Onboarding: Can increase your salary by up to 5%.

Skill	Salary	Salary % Increase
Team Operations	$51,671	7%
Leadership	$51,188	6%
Onboarding	$50,705	5%
Prioritization	$50,705	5%
Presentation	$50,705	5%
Customer Relationship	$50,222	4%

Get Latest Data

Residential Loan Processor Salary by Industry: Top Paying Sectors

For Residential Loan Processor roles, the industry you choose can impact your earning potential by as much as 50% (the gap between the highest and lowest paying industries). Data shows that the highest-paying industry, Financial Services, offers compensation 30% above the average. Conversely, Residential Loan Processor positions in Business Services typically offer lower base pay, as this sector often view Residential Loan Processor as a support function rather than a direct revenue driver.

The top paying industry for a Residential Loan Processor

Industry Sector	Average Annual Salary	Average Hourly Rate	Pay vs.Avg
Financial Services	$62,778	$30.0	30%

How Education impacts a Residential Loan Processor's Salary?

Your level of education can impact your salary potential. While many Residential Loan Processors enter the field with a High School Diploma or Technical Certificate degree, higher education can lead to more specialized and higher-paying roles.

According to our 100% employer-reported salary data, the median salary for a Residential Loan Processor with a High School Diploma or Technical Certificate is between $44,900 and $47,669).

Residential Loan Processor Salaries by Degree Level

Typical Education for Residential Loan Processor

No Diploma 48.5%

High School 48.5%

Associates 18.2%

Bachelors 27.3%

Masters 6.1%

Doctorate 0.0%

view as table

Degree Level	% of user with this level of education
No Diploma	48.5%
High School	48.5%
Associates	18.2%
Bachelors	27.3%
Masters	6.1%
Doctorate	0.0%

view as graph

Residential Loan Processor Salary: Hourly Rate, Weekly Pay, and Monthly Pay

Understanding how a Residential Loan Processor's annual salary breaks down can help with budgeting. Below, you can see the average hourly rate, weekly pay, and monthly pay for this role. Use the buttons to switch between different pay periods.

Last Updated on August 01, 2026

$44,334

Average $48,291/year

$52,776

$3,694

Average $4,024/month

$4,398

$853

Average $929/week

$1,015

$21

Average $23/hour

$25

	Annual Salary	Monthly Pay	Weekly Pay	Hourly Wage
75th Percentile	$52,776	$4,398	$1,015	$25
Average	$48,291	$4,024	$929	$23
25th Percentile	$44,334	$3,694	$853	$21

Salaries of jobs related to Residential Loan Processor

Salary Trends for Residential Loan Processor

Salaries for a Residential Loan Processor can change over time, reflecting shifts in market demand and the overall economy. The median salary decreased from $44,915 in 2023 to around $44,857 in 2025, reflecting changes in demand, location, experience, and the wider economy. For a detailed analysis of Residential Loan Processor salary trends, .

Average Annual Salary of Residential Loan Processor Over Time

2022

$???

2023

$44,915

2024

$45,038

2025

$44,857

2026

$???

2027

$???

Year	Average Annual Salary
2022	View More
2023	$44,915
2024	$45,038
2025	$44,857
2026	View More
2027	View More

Most common benefits for Residential Loan Processor

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Healthcare

Pension

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FAQ about Residential Loan Processor

1. What industry pays the highest salary for Residential Loan Processor?

The Financial Services industry offers the highest average compensation for Residential Loan Processor roles, with salaries approximately 30% above the market median.

Where Does Our Salary Data Come From?

Salary.com provides salary estimates, histograms, trends, and comparisons using data from employer job postings and third-party sources.

We offer detailed salary information across multiple percentiles for your reference. (Click here to learn Why the Salary Midpoint Formula Is Crucial for Achieving Pay Equity.)

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