Loan Processor with Consumer Loans Skills Salary

The average wage for a Loan Processor with Consumer Loans skills is $14.89 per hour. Most people with this job move on to other positions after 20 years in this field.

$25,682 - $51,469
$26K
$39K
$51K
MEDIAN: $39,109
10%
50%
90%

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$11.60 - $19.92
$12
$15
$20
MEDIAN: $14.89
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
$25,682 - $51,469  
   
Bonus
$608 - $6,182  
Profit Sharing
$1,150  
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).
)
$25,289 - $47,940  
Country: United States | Currency: USD | Updated: 25 Mar 2017 | Individuals Reporting: 121
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
$11.60 - $19.92  
   
Overtime
$16.47 - $33.57  
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
$608 - $6,182  
   
Commission
$10,000  
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).
)
$25,289 - $47,940  
Country: United States | Currency: USD | Updated: 25 Mar 2017 | Individuals Reporting: 219

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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 218 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 88 salaries. An experienced Loan Processor which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $39,000 based on 77 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 $40,000 based on 17 salaries.

Key Stats for Loan Processor

Gender

Female
85 %
Male
15 %

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 62 votes.
Less than 1 year
3%
1-4 years
53%
5-9 years
18%
10-19 years
21%
20 years or more
5%
Location:
Years in Fields/Career:
United States (change)

Experience Affects Loan Processor Salaries

Late-Career
▲21%

Experienced
▲15%

Mid-Career
▲3%

National Average
$34,000

Entry-Level
▼5%

Job Satisfaction

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

Gender

Female
85 %
Male
15 %

Years of Experience

Less than 1 year
3%
1-4 years
53%
5-9 years
18%
10-19 years
21%
20 years or more
5%

Common Health Benefits

medical benefits
Medical: 78%
dental benefits
Dental: 64%
vision benefits
Vision: 53%
no benefits
None: 20%
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