Assistant Loan Processor Salary

Assistant Loan Processors in the United States are largely women. The group as a whole has a nationwide average of $14.70 per hour for pay. Residence is the biggest factor affecting pay for this group, followed by career duration. Work is reasonably fulfilling for most Assistant Loan Processors — the majority report average levels of job satisfaction. Although roughly a fourth lack health benefits of any kind, a strong majority do enjoy medical insurance, and the greater part get dental coverage, too. The data for this snapshot was collected from individuals who took PayScale's salary survey.

$24,903 - $44,213
$25K
$36K
$44K
MEDIAN: $35,552
10%
50%
90%

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$11.24 - $19.63
$11
$15
$20
MEDIAN: $14.70
10%
50%
90%

Add this chart to your site: 640px    300px

National Salary Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$15K$30K$45K
Salary
$24,903 - $44,213  
   
Bonus
$503 - $9,933  
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).
)
$24,729 - $44,765  
Country: United States | Currency: USD | Updated: 25 Mar 2017 | Individuals Reporting: 28
© PayScale, Inc. @ www.payscale.com
National Hourly Rate Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$10$20$30
Hourly Rate
$11.24 - $19.63  
   
Overtime
$11.15 - $28.16  
National Annualized Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$20K$40K$60K
Bonus
$503 - $9,933  
   
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).
)
$24,729 - $44,765  
Country: United States | Currency: USD | Updated: 25 Mar 2017 | Individuals Reporting: 43
© PayScale, Inc. @ www.payscale.com

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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.

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Key Stats for Assistant Loan Processor

Gender

Female
92 %
Male
8 %

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 7 votes.
Less than 1 year
24%
1-4 years
44%
5-9 years
15%
10-19 years
13%
20 years or more
4%
Location:
Years in Fields/Career:
United States (change)

Experience Affects Assistant Loan Processor Salaries

Experienced
▲28%

Mid-Career
▲26%

National Average
$33,000

Entry-Level
▼6%

Skills That Affect Assistant Loan Processor Salaries

Mortgage Loans
▲19%

Loan Processing
▲12%

National Average
$33,000

Job Satisfaction

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

Gender

Female
92 %
Male
8 %

Years of Experience

Less than 1 year
24%
1-4 years
44%
5-9 years
15%
10-19 years
13%
20 years or more
4%

Common Health Benefits

medical benefits
Medical: 71%
dental benefits
Dental: 63%
vision benefits
Vision: 55%
dental benefits
None: 24%
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