The average wage for a Loan Processor with Consumer Loans skills is $14.82 per hour. Most people with this job move on to other positions after 20 years in this field.

$25,487 - $50,868
(Median)
$25K
$40K
$51K
MEDIAN: $39,692
10%
50%
90%

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$11.15 - $19.85
(Median)
$11
$15
$20
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$17K$34K$51K
Salary
$25,487 - $50,868  
   
Bonus
$748 - $9,060  
Profit Sharing
$1,400  
Commission
$10,000  
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).
)
$24,769 - $48,397  
Country: United States | Currency: USD | Updated: 28 Oct 2016 | Individuals Reporting: 128
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$11$22$33
Hourly Rate
$11.15 - $19.85  
   
Overtime
$16.44 - $32.67  
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$22K$44K$66K
Bonus
$748 - $9,060  
   
Commission
$10,000  
Profit Sharing
$1,400  
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).
)
$24,769 - $48,397  
Country: United States | Currency: USD | Updated: 28 Oct 2016 | Individuals Reporting: 219
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Pay by Experience Level for Loan Processor

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

United States (change)

Find Out Exactly What You Should Be Paid

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Experience Affects Loan Processor Salaries

Late-Career
up arrow 23%

Experienced
up arrow 18%

Mid-Career
up arrow 10%

National Average
$33,000

Entry-Level
up arrow 6%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 62 votes.

Gender

Female
88 %
Male
12 %

Years of Experience

Less than 1 year
3%
1-4 years
52%
5-9 years
18%
10-19 years
22%
20 years or more
5%

Common Health Benefits

medical benefits
Medical: 77%
dental benefits
Dental: 64%
medical benefits
Vision: 54%
dental benefits
None: 21%
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