Loan Processor with Commercial Loans Skills Salary

A Loan Processor with Commercial Loans skills earns an average wage of $14.81 per hour. Experience has a moderate effect on income for this job. Most people move on to other jobs if they have more than 20 years' experience in this career.

$25,731 - $53,981
$26K
$40K
$54K
MEDIAN: $39,598
10%
50%
90%

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$11.20 - $20.66
$11
$15
$21
MEDIAN: $14.81
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$18K$36K$54K
Salary
$25,731 - $53,981  
   
Bonus
$306.39 - $3,136  
Profit Sharing
$1,150  
Commission
$4,000  
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).
)
$24,722 - $50,416  
Country: United States | Currency: USD | Updated: 25 Mar 2017 | Individuals Reporting: 77
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
$11.20 - $20.66  
   
Overtime
$15.99 - $33.83  
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
$306.39 - $3,136  
   
Commission
$4,000  
Profit Sharing
$1,150  
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).
)
$24,722 - $50,416  
Country: United States | Currency: USD | Updated: 25 Mar 2017 | Individuals Reporting: 130

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Pay by Experience Level for Loan Processor

Median of all compensation (including tips, bonus, and overtime) by years of experience.

Key Stats for Loan Processor

Gender

Female
89 %
Male
11 %

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 36 votes.
Less than 1 year
4%
1-4 years
48%
5-9 years
16%
10-19 years
25%
20 years or more
7%
Location:
Years in Fields/Career:
United States (change)

Experience Affects Loan Processor Salaries

Late-Career
▲38%

Experienced
▲18%

Mid-Career
▲2%

National Average
$34,000

Entry-Level
▼8%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 36 votes.

Gender

Female
89 %
Male
11 %

Years of Experience

Less than 1 year
4%
1-4 years
48%
5-9 years
16%
10-19 years
25%
20 years or more
7%

Common Health Benefits

medical benefits
Medical: 83%
dental benefits
Dental: 64%
vision benefits
Vision: 52%
dental benefits
None: 17%
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