Loan Processor with Mortgage Loans Skills Salary

The average pay for a Loan Processor with Mortgage Loans skills is $15.86 per hour. Most people move on to other jobs if they have more than 20 years' experience in this career.

$27,396 - $54,208
$27K
$41K
$54K
MEDIAN: $40,544
10%
50%
90%

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$12.03 - $23.03
$12
$16
$23
MEDIAN: $15.86
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$19K$38K$57K
Salary
$27,396 - $54,208  
   
Bonus
$1,020 - $12,553  
Profit Sharing
$1,376  
Commission
$2,700 - $29,492  
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).
)
$26,720 - $55,157  
Country: United States | Currency: USD | Updated: 25 Mar 2017 | Individuals Reporting: 207
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$13$26$39
Hourly Rate
$12.03 - $23.03  
   
Overtime
$17.45 - $37.03  
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$26K$52K$78K
Bonus
$1,020 - $12,553  
   
Commission
$2,700 - $29,492  
Profit Sharing
$1,376  
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).
)
$26,720 - $55,157  
Country: United States | Currency: USD | Updated: 25 Mar 2017 | Individuals Reporting: 223

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Pay by Experience Level for Loan Processor

Pay by Experience for a Loan Processor has a positive trend. An entry-level Loan Processor with less than 5 years of experience can expect to earn an average total compensation of $35,000 based on 223 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A 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 $40,000 based on 126 salaries. An experienced Loan Processor which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $43,000 based on 127 salaries. A 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 $47,000 based on 48 salaries.

Key Stats for Loan Processor

Gender

Female
87 %
Male
13 %

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 76 votes.
Less than 1 year
4%
1-4 years
39%
5-9 years
20%
10-19 years
26%
20 years or more
11%
Location:
Years in Fields/Career:
United States (change)

Experience Affects Loan Processor Salaries

Late-Career
▲19%

Experienced
▲9%

Mid-Career
▲2%

National Average
$39,000

Entry-Level
▼11%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 76 votes.

Gender

Female
87 %
Male
13 %

Years of Experience

Less than 1 year
4%
1-4 years
39%
5-9 years
20%
10-19 years
26%
20 years or more
11%

Common Health Benefits

medical benefits
Medical: 76%
dental benefits
Dental: 63%
vision benefits
Vision: 51%
no benefits
None: 22%
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