A Loan Processor with Commercial Loans skills earns an average wage of $14.84 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.

$25,761 - $54,123
$26K
$40K
$54K
MEDIAN: $39,802
10%
50%
90%

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$11.17 - $20.72
$11
$15
$21
MEDIAN: $14.00
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
$25,761 - $54,123  
   
Bonus
$493.16 - $3,086  
Profit Sharing
$1,150  
Commission
$5,000  
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).
)
$24,890 - $51,414  
Country: United States | Currency: USD | Updated: 19 Jan 2017 | Individuals Reporting: 86
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
$11.17 - $20.72  
   
Overtime
$15.92 - $34.11  
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
$493.16 - $3,086  
   
Commission
$5,000  
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).
)
$24,890 - $51,414  
Country: United States | Currency: USD | Updated: 19 Jan 2017 | Individuals Reporting: 138

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United States (change)

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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 40 votes.
Less than 1 year
4%
1-4 years
46%
5-9 years
17%
10-19 years
26%
20 years or more
8%
Location:
Years in Fields/Career:
United States (change)

Experience Affects Loan Processor Salaries

Late-Career
up arrow 37%

Experienced
up arrow 18%

Mid-Career
up arrow 6%

National Average
$35,000

Entry-Level
up arrow 10%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 40 votes.

Gender

Female
89 %
Male
11 %

Years of Experience

Less than 1 year
4%
1-4 years
46%
5-9 years
17%
10-19 years
26%
20 years or more
8%

Common Health Benefits

medical benefits
Medical: 83%
dental benefits
Dental: 64%
vision benefits
Vision: 53%
dental benefits
None: 16%
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