$18.73
Avg. Base Hourly Rate (USD)
/ hour
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
Is Average Loan Processor Hourly Pay your job title? Find out what you should be paid
Use our tool to get a personalized report on your market worth.What's this?
EXPLORE BY:
Featured Content
‹
Remote Work
New research shows how to set pay for remote employees
Gender Pay Gap
New research shows that each woman experiences the disparity of gender pay gap in different ways, depending on her position, age, race and education.
Compensation Best Practices Report
From compensation planning to variable pay to pay equity analysis, we surveyed 4,900+ organizations on how they manage compensation.
Why people quit their jobs
Why do people leave their jobs? We take a deep dive into what's impacting employee retention and what employees are looking for in their new role.
How to ask for a raise
New research on who's asking for raises and who's getting them as well as advice on how to ensure you're getting the salary you deserve.
Variable Pay Playbook
Before you decide whether variable pay is right for your org, get a deeper understanding of the variable pay options and the cultural impact of pay choices.
›
What is the Pay by Experience Level for Loan Processors?
What Do Loan Processors Do?
Find your market worth – how it works:
How do Loan Processors Rate Their Jobs?
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.