Assistant Loan Processor Salary

Most Assistant Loan Processors in the United States are women. The workforce as a whole earns a median of approximately $15.29 per hour. Geography and experience level each impact pay for this group, with the former having the largest influence. Not all workers are lucky enough to have benefits; in fact, approximately one in four are without coverage. Medical insurance is claimed by a majority and dental insurance is reported by the greater part. Among folks in this role, job satisfaction levels approximately match the national average. The numbers in this rundown were provided by PayScale's salary survey participants.

$24,490 - $43,663
$24K
$35K
$44K
MEDIAN: $34,973
10%
50%
90%

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$11.86 - $19.77
$12
$15
$20
MEDIAN: $15.29
10%
50%
90%

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$0$43K
Salary $24,490 - $43,663
Bonus $4,500
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
$25,168 - $43,400
  • Country: United States
  • Currency: USD
  • Updated: 11 Jul 2017
  • Individuals Reporting: 24
Hourly Data $0$26
Hourly Rate $11.86 - $19.77
Overtime $23.23
Annual Data $0$43K
Bonus $4,500
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
$25,168 - $43,400
  • Country: United States
  • Currency: USD
  • Updated: 11 Jul 2017
  • Individuals Reporting: 36

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United States (change)

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Job Description for Assistant Loan Processor

A loan officer assistant works under a loan officer at a financial institution. The assistant will carry out administrative tasks for the loan officer. These tasks include filing documents, entering data about loan applications, following up with various departments about the loan process, answering phone calls, and scheduling meetings. On a periodic basis, the loan officer will be expected to gather all of the information necessary, in order to determine where a loan is in the process and create a report about it. The loan officer assistant reviews files, and the information will then be passed on to the loan officer.

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Assistant Loan Processor Tasks

  • Examine loan documents for completeness and accuracy.
  • Calculate principal and interest payments due from the customer.
  • Prepare and assemble all required documents for loan approval process, obtaining additional information as necessary.

Assistant Loan Processor Job Listings

Assistant Loan Processor Reviews

Q: What is it like working as an Assistant Loan Processor?

Assistant Loan Processor in San Diego:
"Good."
Pros: Easy, laid back, mostly computer work and inputting information, atmosphere, perks.
Cons: Can be over worked, must complete priorities first, everything must be done correctly, stress.

Related Job Salaries

Key Stats for Assistant Loan Processor

Gender

Female
90 %
Male
10 %

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 7 votes.
Less than 1 year
28%
1-4 years
40%
5-9 years
13%
10-19 years
12%
20 years or more
7%
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Location:
Years in Fields/Career:
United States (change)

Experience Affects Assistant Loan Processor Salaries

Experienced
▲25%

Mid-Career
▲24%

National Average
$33,000

Entry-Level
▼8%

Skills That Affect Assistant Loan Processor Salaries

Mortgage Loans
▲16%

Loan Processing
▲9%

National Average
$33,000

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 7 votes.

Gender

Female
90 %
Male
10 %

Years of Experience

Less than 1 year
28%
1-4 years
40%
5-9 years
13%
10-19 years
12%
20 years or more
7%

Common Health Benefits

medical benefits
Medical: 70%
dental benefits
Dental: 68%
vision benefits
Vision: 63%
no benefits
None: 25%
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