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.

$25,601 - $53,471
$26K
$39K
$53K
MEDIAN: $39,450
10%
50%
90%

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$10.89 - $20.58
$11
$15
$21
MEDIAN: $14.79
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
$25,601 - $53,471  
   
Bonus
$309.13 - $3,123  
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).
)
$24,303 - $49,980  
Country: United States | Currency: USD | Updated: 4 May 2017 | Individuals Reporting: 75
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
$10.89 - $20.58  
   
Overtime
$16.08 - $34.59  
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
$309.13 - $3,123  
   
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).
)
$24,303 - $49,980  
Country: United States | Currency: USD | Updated: 4 May 2017 | Individuals Reporting: 144

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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 $32,000 based on 122 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 $35,000 based on 51 salaries. An experienced Loan Processor which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $41,000 based on 54 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 $48,000 based on 15 salaries.

Key Stats for Loan Processor

Gender

Female
88 %
Male
12 %

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 41 votes.
Less than 1 year
4%
1-4 years
49%
5-9 years
16%
10-19 years
23%
20 years or more
7%
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Location:
Years in Fields/Career:
United States (change)

Experience Affects Loan Processor Salaries

Late-Career
▲40%

Experienced
▲20%

Mid-Career
▲3%

National Average
$34,000

Entry-Level
▼7%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 41 votes.

Gender

Female
88 %
Male
12 %

Years of Experience

Less than 1 year
4%
1-4 years
49%
5-9 years
16%
10-19 years
23%
20 years or more
7%

Common Health Benefits

medical benefits
Medical: 82%
dental benefits
Dental: 64%
vision benefits
Vision: 52%
no benefits
None: 17%
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