The average hourly pay for an Assistant Loan Processor is $15.74.
Assistant Loan Processor by
Tell us about your job and pay factors like skills and education Find your market worth with a report tailored to you Negotiate your pay with confidence
What Do Assistant Loan Processors Do?
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 creat…Read more
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.
Job Satisfaction for Assistant Loan Processor
Assistant Loan Processor Job Listings
What Are Popular Skills for Assistant Loan Processors?
Skills in Data Entry, Loan Processing, Microsoft Office, Customer Service and Mortgage Loans are correlated to pay that is above average.
What is the Pay by Experience Level for Assistant Loan Processors?
An entry-level Assistant Loan Processor with less than 1 year experience can expect to earn an average total compensation (includes tips, bonus, and overtime pay) of $14.98 based on 18 salaries. An early career Assistant Loan Processor with 1-4 years of experience earns an average total compensation of $15.68 based on 31 salaries. A mid-career Assistant Loan Processor with 5-9 years of experience earns an average total compensation of $18.12 based on 7 salaries. An experienced Assistant Loan Processor with 10-19 years of experience earns an average total compensation of $16.31 based on 11 salaries. In their late career (20 years and higher), employees earn an average total compensation of $17.
Pay Difference by Location
Employees with Assistant Loan Processor in their job title in Austin, Texas earn an average of 27.1% more than the national average. These job titles also find higher than average salaries in Dallas, Texas (23.9% more) and San Jose, California (23.8% more). The lowest salaries can be found in Los Angeles, California (11.1% less), Houston, Texas (7.1% less) and San Diego, California (3.0% less).
Years of Experience
This data is based on 72 survey responses.