The average salary for a Senior Loan Processor is $45,151 per year. A skill in Loan Processing is associated with high pay for this job. Pay for this job does not change much by experience, with the most experienced earning only a bit more than the least.
Senior Loan Processor Total Pay (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$33,892 - $59,943
(Median)
34K
45K
51K
60K
MEDIAN: $45,150
10%
50%
75%
90%
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Senior Loan Processor Total Pay (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$11.80 - $24.76
(Median)
12
15
18
21
25
MEDIAN: $17.00
10%
25%
50%
75%
90%
Add this chart to your site

National Salary Data

 (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$21K$42K$63K
Salary
$33,892 - $59,943  
   
Bonus
$0.00 - $9,933  
Commission
$1,500 - $5,005  
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).
)
$30,588 - $61,051  
PayScale
Country: United States | Currency: USD | Updated: 18 Apr 2014 | Individuals Reporting: 232
National Hourly Rate Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$13$26$39
Hourly Rate
$11.80 - $24.76  
   
Overtime
$18.07 - $37.01  
National Annualized Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$26K$52K$78K
Bonus
$0.00 - $9,933  
   
Commission
$1,500 - $5,005  
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).
)
$30,588 - $61,051  
PayScale
Country: United States | Currency: USD | Updated: 18 Apr 2014 | Individuals Reporting: 232
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Job Description for Senior Loan Processor
  • Answer questions regarding closing requirements.
  • Maintain communication with brokers partners and closing/settlement agents with loan status.
  • Authorize funding upon verification of all documentation.
  • Order credit reports, appraisals, title insurance, and all other certifications as necessary.
Pay by Experience Level for Senior Loan Processor
Median of all compensation (including tips, bonus, and overtime) by years of experience.
Related Job Salaries

Experience Affects Senior Loan Processor Salaries

Late-Career
up arrow 12%
Experienced
up arrow 4%
National Average
$45,000
Mid-Career
up arrow 3%
Entry-Level
up arrow 8%

Skills That Affect Senior Loan Processor Salaries

Loan Processing
up arrow 11%
Mortgage Loans
up arrow 3%
National Average
$45,000
Job Satisfaction
Highly satisfied Image
Highly satisfied
Rated 4 out of 5 based on 42 votes.
Gender
Female
85%
female alumni
 
Male
15%
male alumni
Years of Experience
1-4 years
19%
5-9 years
27%
10-19 years
37%
20 years or more
18%
Common Health Benefits
medical benefits Medical: 78% dental benefits Dental: 71%
vision benefits Vision: 56% employee benefits None: 20%
Find Out Exactly What You Should Be Paid
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