Loan Processor in Houston, Texas Salary

The average pay for a Loan Processor in Houston, Texas is $36,500 per year. People in this job generally don't have more than 20 years' experience.

$25,342 - $54,059
$25K
$43K
$54K
MEDIAN: $43,284
10%
50%
90%

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$12.21 - $21.53
$12
$15
$22
MEDIAN: $14.64
10%
50%
90%

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$0$54K
Salary $25,342 - $54,059
Bonus $5,350
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).
)
$25,692 - $54,317
  • Country: United States
  • Currency: USD
  • Updated: 18 Jan 2018
  • Individuals Reporting: 11
Hourly Data $0$34
Hourly Rate $12.21 - $21.53
Overtime $21.24
Annual Data $0$54K
Bonus $5,350
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).
)
$25,692 - $54,317
  • Country: United States
  • Currency: USD
  • Updated: 18 Jan 2018
  • 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.

About Houston, Texas

Harris County, Texas
2,298,628
Male:
1,149,686 (50.0%)
Female:
1,148,942 (50.0%)
Houston (/ˈhjuːstən/ HYOO-stən) is the most populous city in Texas and the fourth-most populous city in the United States, located in Southeast Texas near the Gulf of Mexico. With a census-estimated 2014 population of 2.239 million within a land area of 599.6 square miles (1,553 km2), it also is the largest city in the Southern United States, as well as the seat of Harris County. It is the principal city of Houston–The Woodlands–Sugar Land, which is the fifth-most populated metropolitan area in the United States. Houston was founded on August 28, 1836, near the banks of Buffalo Bayou (now known as Allen's Landing) and incorporated as a city on June 5, 1837. The city was named after former General Sam Houston, who was president of the Republic of Texas and had commanded and won at the Battle of San Jacinto 25 miles (40 km) east of where the city was established. The burgeoning port and railroad...
Houston:
$48,064
Texas:
$55,653
$923
Houston:
$152,200
Texas:
$152,000
4.0%

Loan Processor Job Listings

Key Stats for Loan Processor

Gender

Female
92 %
Male
8 %

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 5 votes.
Less than 1 year
4%
1-4 years
35%
5-9 years
9%
10-19 years
39%
20 years or more
13%

Experience Affects Loan Processor Salaries

Experienced
▲6%

National Average
$40,000

▼9%

Skills That Affect Loan Processor Salaries

Loan Documents
▲4%

Mortgage Loans
▲3%

Loan Processing
▼0%

National Average
$40,000

Customer Service
▼2%

Consumer Loans
▼3%

Job Satisfaction

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

Gender

Female
92 %
Male
8 %

Years of Experience

Less than 1 year
4%
1-4 years
35%
5-9 years
9%
10-19 years
39%
20 years or more
13%

Common Health Benefits

medical benefits
Medical: 58%
dental benefits
Dental: 42%
vision benefits
Vision: 42%
no benefits
None: 37%