[ collapse ]

You »

- Compare Your Salary
- Evaluate a Job Offer

Someone You Manage »

- Price a New Hire
- Give a Raise

Whole Company »

- Benchmark Jobs
- Create a Comp Plan

Loan Processor Hourly Rate

United States » Job » Loan Processor Overview » Loan Processor Hourly Rate

Updated: 23 May 2013

Job Satisfaction

Extremely satisfied

Rated 5 out of 5 based on 143 Loan Processor votes.

Subscribe to Our Newsletter

Salary and career advice to put you a step ahead.

Part of:

Loan Underwriter Salary, Process Specialist Salary

Loan Processor 2013 Total Pay (?

XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.

)

$23,408 - $48,851

(Median)

23K

34K

41K

49K

MEDIAN: $33,517

10%

50%

75%

90%

See your Loan Processor connections ↓

Want local data for this job?

National Pay Data

	National Hourly Rate Data (? XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey. )	$0	$11	$22	$33
Hourly Rate	$10.52 - $19.92
Overtime	$15.41 - $32.17

	National Annualized Data (? XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey. )	$0	$22K	$44K	$66K
Bonus	$0.00 - $5,903
Profit Sharing	$248.32 - $4,530
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). )	$23,408 - $48,851
Country: United States \| Currency: USD \| Updated: 23 May 2013 \| Individuals Reporting: 610

Add to your site |

Loan Processor Job Listings

Mortgage Loan Processor

May 21

Intercoastal Mortgage Company - Fairfax, VA

extremely rare. The mortgage loan processor is responsible for reviewing the initial loan application and... for managing the loan from loan officer submission... - Indeed

Apply For This Job »

Experienced Mortgage Loan Processor

May 17

Continental Mortgage & Investment Corp - Arlington, VA

for established mortgage loan processors with broker... of the Loan Processor is to ensure the timely and accurate packaging of all loans originated by our loan... - Indeed

Apply For This Job »

Consumer Loan Processor / Servicer

May 24

Lafayette Fedral Credit Union - Kensington, MD

seeking a Consumer Loan Processor/Servicer for our... the loan. Prepares loan closing documents and schedule and executes closing of loans. May calculate loan... - Indeed

Apply For This Job »

View More Listings »

jobs by

Loan Processor Tasks

Order title and escrow, review them and process loan conditions.
Work with clients and loan originator to obtain necessary information, process it and finalize loan documents.
Complete and maintain all paperwork for ongoing and new loans, including loan disclosures.
Submit completed loans to underwriting, and ensure all items are obtained.

Read more about: Loan Interviewers and Clerks

Your Loan Processor Connections Invite your friends

Please log in with Facebook to see who you know.

Companies and Industries for Loan Processor Salaries

Popular Employers

Hourly Rate


Wells Fargo Home Mortgage	$17.05 - $21.44

See more employers

Popular Industries

Hourly Rate


Banking	$10.82 - $19.32
Mortgage Lending, Loans, or Credit Products	$10.72 - $20.07
Credit Union	$10.97 - $18.94
Financial Services	$10.82 - $20.03
Mortgage Brokerage	$9.48 - $18.28

Key Statistics for Loan Processor Salaries and Jobs

Gender

	Female 87%			Male 13%
Hourly Rate:	$11.87 - $16.65			$12.70 - $19.26

Years of Experience

Less than 1 year

1-4 years

46%

5-9 years

20%

10-19 years

20%

20 years or more

Top Degrees

Hourly Rate


Bachelor's Degree	$10.48 - $21.01
Associate's Degree	$10.75 - $18.03

See more degrees

Most Common Health Benefits

	Medical: 75%		Dental: 60%
	Vision: 46%		None: 22%

Special Features

Fortune 100 CEO Income Compared to Average Worker at Company
Many CEOs earn millions a year, but how does their pay compare to the average worker at their company? We list the highest earners.

More Special Features

Which jobs, cities and industries are seeing wages rise or fall? Track the latest compensation trends with The PayScale Index Q1 2013 results.

» You think you have a bad boss? We reveal the Top 5 Jobs That Hate Their Boss.

» College Salary Report 2013: Review more than 1,000 schools and 130 majors