Average Loan Processor Hourly Pay

$18.73
Avg. Base Hourly Rate (USD)
10%
$14.23
MEDIAN
$18.73
90%
$24.97

The average hourly pay for a Loan Processor is $18.73 in 2024

Hourly Rate
$14 - $25
Bonus
$508 - $10k
Profit Sharing
$500 - $5k
Commission
$490 - $23k
Total Pay
$31k - $59k
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How do Loan Processors Rate Their Jobs?

3.6 out of 5
(138)
Highly Satisfied
22Reviews
Based on 138 responses, the job of Loan Processor has received a job satisfaction rating of 3.58 out of 5. On average, Loan Processors are highly satisfied with their job.

FAQs About Loan Processors

What is the highest pay for Loan Processors?

Our data indicates that the highest pay for a Loan Processor is $24.97 / hour

What is the lowest pay for Loan Processors?

Our data indicates that the lowest pay for a Loan Processor is $14.23 / hour

How can Loan Processors increase their salary?

Increasing your pay as a Loan Processor is possible in different ways. Change of employer: Consider a career move to a new employer that is willing to pay higher for your skills. Level of Education: Gaining advanced degrees may allow this role to increase their income potential and qualify for promotions. Managing Experience: If you are a Loan Processor that oversees more junior Loan Processors, this experience can increase the likelihood to earn more.