Loan Processor with Commercial Loans Skills Salary

A Loan Processor with Commercial Loans skills earns an average wage of $14.81 per hour. Experience has a moderate effect on income for this job. Most people move on to other jobs if they have more than 20 years' experience in this career.

$26,759 - $54,739
$27K
$39K
$55K
MEDIAN: $39,151
10%
50%
90%

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$10.77 - $21.49
$11
$15
$21
MEDIAN: $15.14
10%
50%
90%

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$0$54K
Salary $26,759 - $54,739
Bonus $306.39 - $3,135
Profit Sharing $700
Commission $4,000
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).
)
$24,969 - $51,286
  • Country: United States
  • Currency: USD
  • Updated: 15 Oct 2017
  • Individuals Reporting: 79
Hourly Data $0$35
Hourly Rate $10.77 - $21.49
Overtime $16.67 - $35.31
Annual Data $0$51K
Bonus $306.39 - $3,135
Commission $4,000
Profit Sharing $700
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).
)
$24,969 - $51,286
  • Country: United States
  • Currency: USD
  • Updated: 15 Oct 2017
  • Individuals Reporting: 125

Loan Processor Job Listings

Pay by Experience Level for Loan Processor

Pay by Experience for a Loan Processor has a positive trend. An entry-level Loan Processor with less than 5 years of experience can expect to earn an average total compensation of $32,000 based on 122 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Loan Processor with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $35,000 based on 51 salaries. An experienced Loan Processor which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $41,000 based on 54 salaries. A Loan Processor with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $48,000 based on 15 salaries.

Key Stats for Loan Processor

Gender

Female
86 %
Male
14 %

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 50 votes.
Less than 1 year
5%
1-4 years
47%
5-9 years
14%
10-19 years
24%
20 years or more
10%

Experience Affects Loan Processor Salaries

Late-Career
▲34%

Experienced
▲14%

National Average
$36,000

Mid-Career
▼1%

Entry-Level
▼11%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 50 votes.

Gender

Female
86 %
Male
14 %

Years of Experience

Less than 1 year
5%
1-4 years
47%
5-9 years
14%
10-19 years
24%
20 years or more
10%

Common Health Benefits

medical benefits
Medical: 82%
dental benefits
Dental: 64%
vision benefits
Vision: 54%
no benefits
None: 17%