Assistant Loan Processor Salary

Average Assistant Loan Processors in the United States make around $15.19 per hour. Location is the biggest factor affecting pay for this group, followed by tenure. Although slightly less than a third lack health benefits of any kind, the larger part do enjoy medical insurance, and a majority get dental coverage, too. Among survey respondents, women are more common than men; 88 percent of Assistant Loan Processors are female. Most workers in this position report moderate levels of job satisfaction. This overview is based on answers to PayScale's salary questionnaire.

$24,730 - $43,740
$25K
$34K
$44K
MEDIAN: $34,477
10%
50%
90%

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$11.95 - $19.74
$12
$15
$20
MEDIAN: $15.38
10%
50%
90%

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$0$43K
Salary $24,730 - $43,740
Bonus $402.68 - $9,933
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).
)
$25,782 - $43,400
  • Country: United States
  • Currency: USD
  • Updated: 21 Sep 2017
  • Individuals Reporting: 23
Hourly Data $0$26
Hourly Rate $11.95 - $19.74
Overtime $23.23
Annual Data $0$43K
Bonus $402.68 - $9,933
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).
)
$25,782 - $43,400
  • Country: United States
  • Currency: USD
  • Updated: 21 Sep 2017
  • Individuals Reporting: 37

Find Out Exactly What You Should Be Paid

United States (change)

Job Description for Assistant Loan Processor

A loan officer assistant works under a loan officer at a financial institution. The assistant will carry out administrative tasks for the loan officer. These tasks include filing documents, entering data about loan applications, following up with various departments about the loan process, answering phone calls, and scheduling meetings. On a periodic basis, the loan officer will be expected to gather all of the information necessary, in order to determine where a loan is in the process and create a report about it. The loan officer assistant reviews files, and the information will then be passed on to the loan officer.

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Assistant Loan Processor Tasks

  • Examine loan documents for completeness and accuracy.
  • Calculate principal and interest payments due from the customer.
  • Prepare and assemble all required documents for loan approval process, obtaining additional information as necessary.

Assistant Loan Processor Job Listings

Assistant Loan Processor Reviews

Q: What is it like working as an Assistant Loan Processor?

Assistant Loan Processor in San Diego:
"Good."
Pros: Easy, laid back, mostly computer work and inputting information, atmosphere, perks.
Cons: Can be over worked, must complete priorities first, everything must be done correctly, stress.

Related Job Salaries

Key Stats for Assistant Loan Processor

Gender

Female
87 %
Male
13 %

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 8 votes.
Less than 1 year
28%
1-4 years
40%
5-9 years
13%
10-19 years
12%
20 years or more
7%
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Location:
Years in Fields/Career:
United States (change)

Experience Affects Assistant Loan Processor Salaries

Experienced
▲26%

Mid-Career
▲25%

National Average
$33,000

Entry-Level
▼8%

Skills That Affect Assistant Loan Processor Salaries

Mortgage Loans
▲17%

Loan Processing
▲10%

National Average
$33,000

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 8 votes.

Gender

Female
87 %
Male
13 %

Years of Experience

Less than 1 year
28%
1-4 years
40%
5-9 years
13%
10-19 years
12%
20 years or more
7%

Common Health Benefits

medical benefits
Medical: 73%
dental benefits
Dental: 68%
vision benefits
Vision: 63%
no benefits
None: 25%
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