Commercial Loan Processor with Loan Processing Skills Salary

The average rate for a Commercial Loan Processor with Loan Processing skills is $17.82 per hour. Experience has a moderate effect on pay for this job.

$31,027 - $66,114
$31K
$50K
$66K
MEDIAN: $50,044
10%
50%
90%

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$13.11 - $25.96
$13
$18
$26
MEDIAN: $17.82
10%
50%
90%

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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$23K$46K$69K
Salary
$31,027 - $66,114  
   
Bonus
$700 - $10,000  
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).
)
$29,319 - $63,907  
Country: United States | Currency: USD | Updated: 25 Mar 2017 | Individuals Reporting: 26
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$12$24$36
Hourly Rate
$13.11 - $25.96  
   
Overtime
$18.87 - $34.97  
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$24K$48K$72K
Bonus
$700 - $10,000  
   
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).
)
$29,319 - $63,907  
Country: United States | Currency: USD | Updated: 25 Mar 2017 | Individuals Reporting: 44

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Pay by Experience Level for Commercial Loan Processor

Pay by Experience for a Commercial Loan Processor has a positive trend. An entry-level Commercial Loan Processor with less than 5 years of experience can expect to earn an average total compensation of $35,000 based on 35 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Commercial Loan Processor with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $42,000 based on 17 salaries. An experienced Commercial Loan Processor which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $48,000 based on 20 salaries. A Commercial Loan Processor with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $63,000 based on 7 salaries.

Key Stats for Commercial Loan Processor

Gender

Female
83 %
Male
17 %

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 19 votes.
Less than 1 year
1%
1-4 years
41%
5-9 years
20%
10-19 years
27%
20 years or more
10%
Location:
Years in Fields/Career:
United States (change)

Experience Affects Commercial Loan Processor Salaries

Late-Career
▲51%

Experienced
▲16%

Mid-Career
▲1%

National Average
$42,000

Entry-Level
▼17%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 19 votes.

Gender

Female
83 %
Male
17 %

Years of Experience

Less than 1 year
1%
1-4 years
41%
5-9 years
20%
10-19 years
27%
20 years or more
10%

Common Health Benefits

medical benefits
Medical: 86%
dental benefits
Dental: 77%
vision benefits
Vision: 66%
no benefits
None: 14%