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Senior Loan Processor Salary (United States)

A Senior Loan Processor earns an average salary of $46,132 per year. 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 Salary (?
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.
)
$33,940 - $60,263
(Median)
34K
40K
46K
52K
60K
MEDIAN: $46,132
10%
25%
50%
75%
90%
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Senior Loan Processor Salary (?
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.
)
$12.51 - $25.03
(Median)
13
15
19
22
25
MEDIAN: $19.00
10%
25%
50%
75%
90%
Add this chart to your site: 640px    300px

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
$33,940 - $60,263  
   
Bonus
$0.00 - $10,380  
Commission
$1,474 - $4,069  
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).
)
$31,740 - $61,279  
Country: United States | Currency: USD | Updated: 3 Sep 2014 | Individuals Reporting: 168
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
$12.51 - $25.03  
   
Overtime
$18.45 - $37.42  
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 - $10,380  
   
Commission
$1,474 - $4,069  
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).
)
$31,740 - $61,279  
Country: United States | Currency: USD | Updated: 3 Sep 2014 | Individuals Reporting: 84
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Location:
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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.

Senior Loan Processor Job Listings

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Pay by Experience Level for Senior Loan Processor

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

Pay Difference By Location

Miami
up arrow 13%
Chicago
up arrow 1%
National Average
$46,000
Larger circles over a city indicate a job is popular in that location.

Related Job Salaries

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Experience Affects Senior Loan Processor Salaries

Late-Career
up arrow 8%
Experienced
up arrow 4%
National Average
$46,000
Mid-Career
up arrow 3%
Entry-Level
up arrow 8%

Skills That Affect Senior Loan Processor Salaries

Mortgage Loans
up arrow 3%
National Average
$46,000

Job Satisfaction

Highly satisfied Image
Highly satisfied
Rated 4 out of 5 based on 54 votes.

Gender

Female
86%
female alumni
 
Male
14%
male alumni

Years of Experience

1-4 years
16%
5-9 years
28%
10-19 years
39%
20 years or more
17%

Common Health Benefits

medical benefits Medical: 80% dental benefits Dental: 74%
vision benefits Vision: 57% employee benefits None: 18%