Loan Processor Salaries in the United States
How much does a Loan Processor make in the United States?
Loan Processors earn $37,000 annually on average, or $18 per hour, which is 56% less than the national average for all working Americans. Our data indicates that the best paid Loan Processors work for Prudential at $94,000 annually while the lowest paid Loan Processors work for Realty Executives earning approximately $15,000 each year.
Submit a Salary$38K Wells Fargo's Average Loan Processor Salary (176 salaries)
+$1K (2%) more than national average Loan Processor salary ($37K)
-$11K (25%) less than average Wells Fargo salary ($49K)
Equal to average Wells Fargo Loan Processor salary ($38K)
"Underpaid, I do know that processor III's do tend to make a bit more than we did but we were told we were there to fulfill a necessity at the time and given wonderful work experience and a good environment. I would not trade what I got from the job for higher pay at that time. However, with my skillset now, I am ready to move to a higher paid position."
+$2K (5%) more than average Wells Fargo Loan Processor salary ($38K)
"Wells Fargo definitely underpays compared to other local companies but they usually have more work which offers overtime and additional bonus opportunities."
+$7K (16%) more than average Wells Fargo Loan Processor salary ($38K)
"I am fine making this amount."
$45K Mr. Cooper's Average Loan Processor Salary (3 salaries)
+$8K (19%) more than national average Loan Processor salary ($37K)
-$10K (20%) less than average Mr. Cooper salary ($55K)
+$5K (10%) more than average Mr. Cooper Loan Processor salary ($45K)
"I wasn't happy with the salary which is part of the reason that I left."
-$5K (11%) less than average Mr. Cooper Loan Processor salary ($45K)
"Fair"
+$1K (2%) more than average Mr. Cooper Loan Processor salary ($45K)
"Na"
$38K Bank of America's Average Loan Processor Salary (158 salaries)
+$1K (2%) more than national average Loan Processor salary ($37K)
-$7K (16%) less than average Bank of America salary ($45K)
+$27K (52%) more than average Bank of America Loan Processor salary ($38K)
"The pay at Bank of America is competitive to the industry. I started as a Loan Closer making $42,000 and after 6 years and a lot of promotions I am now paid $65,000 plus an 8% language differential for speaking Spanish."
+$10K (23%) more than average Bank of America Loan Processor salary ($38K)
"The pay was excellent for me."
+$8K (19%) more than average Bank of America Loan Processor salary ($38K)
$37K JPMorgan's Average Loan Processor Salary (64 salaries)
Equal to national average Loan Processor salary ($37K)
-$14K (31%) less than average JPMorgan salary ($51K)
+$28K (54%) more than average JPMorgan Loan Processor salary ($37K)
"I was very comfortable and satisfied with my pay. For as much volume as I handled for the company, the overtime I would receive for it made me want to continue working harder."
+$23K (47%) more than average JPMorgan Loan Processor salary ($37K)
"For Texas the salary was comfortable"
$55K
JPMorgan Loan Processor
·
+$18K (39%) more than average JPMorgan Loan Processor salary ($37K)
$37K PHH Corp.'s Average Loan Processor Salary (23 salaries)
Equal to national average Loan Processor salary ($37K)
-$14K (31%) less than average PHH Corp. salary ($51K)
+$13K (29%) more than average PHH Corp. Loan Processor salary ($37K)
"The pay is decent. For the workload its not enough compensation."
+$8K (19%) more than average PHH Corp. Loan Processor salary ($37K)
"Underpaid with the new commission structure. The previous plan was extremely more compensating."
$51K
PHH Corp. Loan Processor
·
+$14K (31%) more than average PHH Corp. Loan Processor salary ($37K)
$36K Small Business Administration's Average Loan Processor Salary (9 salaries)
-$1K (2%) less than national average Loan Processor salary ($37K)
-$11K (26%) less than average Small Business Administration salary ($47K)
+$8K (20%) more than average Small Business Administration Loan Processor salary ($36K)
"My salary was fair, but I am looking to become exponentially more valuable these next few years. And I expect my salary to reflect that value."
+$2K (5%) more than average Small Business Administration Loan Processor salary ($36K)
"The pay at SBA is not bad at all. Working from home as a Loan Officer I make $38,000. That offer stays the same until a year passes and I tend to stay with the company."
+$5K (12%) more than average Small Business Administration Loan Processor salary ($36K)
$38K Freedom Mortgage's Average Loan Processor Salary (7 salaries)
+$1K (2%) more than national average Loan Processor salary ($37K)
-$13K (29%) less than average Freedom Mortgage salary ($51K)
-$7K (20%) less than average Freedom Mortgage Loan Processor salary ($38K)
"I feel that my starting salary was a good fit, but with my knowledge of the industry, I could be compensated a bit higher."
+$9K (21%) more than average Freedom Mortgage Loan Processor salary ($38K)
"It’s cool , bonuses are great"
-$8K (23%) less than average Freedom Mortgage Loan Processor salary ($38K)
$49K Suncoast Schools Federal Credit Union's Average Loan Processor Salary (3 salaries)
+$12K (27%) more than national average Loan Processor salary ($37K)
+$11K (25%) more than average Suncoast Schools Federal Credit Union salary ($38K)
+$4K (7%) more than average Suncoast Schools Federal Credit Union Loan Processor salary ($49K)
"I get paid for I do the job and deserve it"
+$6K (11%) more than average Suncoast Schools Federal Credit Union Loan Processor salary ($49K)
"Better than most"
-$11K (25%) less than average Suncoast Schools Federal Credit Union Loan Processor salary ($49K)
$60K Austin Home Builders' Average Loan Processor Salary (2 salaries)
+$23K (47%) more than national average Loan Processor salary ($37K)
Equal to average Austin Home Builders salary ($60K)
Equal to average Austin Home Builders Loan Processor salary ($60K)
"It was pretty good, although I know of some that are north of $100,000"
Equal to average Austin Home Builders Loan Processor salary ($60K)
"Pretty good"
$44K Sourcepoint Mortgage's Average Loan Processor Salary (2 salaries)
+$7K (17%) more than national average Loan Processor salary ($37K)
+$10K (25%) more than average Sourcepoint Mortgage salary ($34K)
-$8K (20%) less than average Sourcepoint Mortgage Loan Processor salary ($44K)
"Not the best because we don’t have overtime anymore"
+$8K (16%) more than average Sourcepoint Mortgage Loan Processor salary ($44K)
"My salary rate is pretty comparable to the market"
Loan Processor by State
- Alabama
- Arizona
- California
- Colorado
- Delaware
- District of Columbia
- Florida
- Georgia
- Hawaii
- Illinois
- Indiana
- Iowa
- Louisiana
- Maryland
- Massachusetts
- Missouri
- Nevada
- New Jersey
- New York
- North Carolina
- Ohio
- Pennsylvania
- Tennessee
- Texas
- Utah
- Virginia
- Washington
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