The average pay for a Loan Processor is AU$44,865 per year. People in this job generally don't have more than 20 years' experience. Pay for this job does not change much by experience, with the most experienced earning only a bit more than the least.

AU$34,262 - AU$59,598
AU$34K
AU$45K
AU$60K
MEDIAN: AU$44,865
10%
50%
90%
AU$19.60 - AU$28.17
AU$20
AU$24
AU$28
MEDIAN: AU$24.15
10%
50%
90%
AU$0AU$59K
Salary AU$34,262 - AU$59,598
Bonus AU$3,097
Commission AU$5,087
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).
)
AU$38,197 - AU$58,745
  • Country: Australia
  • Currency: AUD
  • Updated: 12 Dec 2017
  • Individuals Reporting: 30
Hourly Data AU$0AU$57
Hourly Rate AU$19.60 - AU$28.17
Overtime AU$57.50
Annual Data AU$0AU$58K
Bonus AU$3,097
Commission AU$5,087
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).
)
AU$38,197 - AU$58,745
  • Country: United States
  • Currency: AUD
  • Updated: 12 Dec 2017
  • Individuals Reporting: 12

Job Description for Loan Processor

A loan processor is responsible for managing the administrative tasks associated with loans or mortgages. These tasks include data entry, loan application verification, background and credit checks, communicating with applicants, and preparing loan applications for submission to underwriters. Loan processors ensure that all required documentation and signatures are in place prior to submitting the loan for approval. Mortgage loan processors also must be able to deal with real estate and escrow agents, buyers, homebuilders, and all others who are involved with the home-buying process. In this way, mortgage loan processing can be more complicated; however, most loan processors work in the mortgage or automobile loan industry.

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Loan Processor Tasks

  • Complete and maintain all paperwork for ongoing and new loans, including loan disclosures.
  • Submit completed loans to underwriting, and ensure all items are obtained.
  • Order title and escrow, review them and process loan conditions.
  • Work with clients and loan originator to obtain necessary information, process it and finalize loan documents.

Loan Processor Job Listings

Pay Difference by Location

National Average: AU$46,961

Larger city markers indicate a job is popular in that location.

Key Stats for Loan Processor

Gender

Female
78 %
Male
22 %
Less than 1 year
7%
1-4 years
60%
5-9 years
14%
10-19 years
17%
20 years or more
2%

Experience Affects Loan Processor Salaries

▲5%

National Average
AU$47,000

▼1%

▼2%

Gender

Female
78 %
Male
22 %

Years of Experience

Less than 1 year
7%
1-4 years
60%
5-9 years
14%
10-19 years
17%
20 years or more
2%

Common Health Benefits

medical benefits
Medical:
dental benefits
Dental:
vision benefits
Vision:
no benefits
None: 100%