Average Loan Processor Hourly Pay

$17.27
Avg. Base Hourly Rate (USD)
10%
$12.82
MEDIAN
$17.27
90%
$23.52

The average hourly pay for a Loan Processor is $17.27

Hourly Rate
$13 - $24
Bonus
$513 - $12k
Profit Sharing
$4 - $4k
Commission
$498 - $19k
Total Pay
$29k - $57k
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What Do Loan Processors Do?

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.
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Job Satisfaction for Loan Processor

3.7 out of 5
(291)
Highly Satisfied
19Reviews
Based on 291 responses, the job of Loan Processor has received a job satisfaction rating of 3.68 out of 5. On average, Loan Processors are highly satisfied with their job.

Gender Breakdown

Female
82.9%
Male
16.7%
Prefer to self-define
0.4%
This data is based on 742 survey responses. Learn more about the gender pay gap.

Common Health Benefits

Medical

76%

Dental

67%

Vision

58%

None

23%