Avg. Base Hourly Rate (USD)
The average hourly pay for a Senior Loan Processor is $23.00
What is the Pay by Experience Level for Senior Loan Processors?
An early career Senior Loan Processor with 1-4 years of experience earns an average total compensation (includes tips, bonus, and overtime pay) of $18.32 based on 24 salaries. A mid-career Senior Loan Processor with 5-9 years of experience earns an average total compensation of $21.79 based on 43 salaries. An experienced Senior …Read more
What Do Senior Loan Processors Do?
Senior loan processors solicit, negotiate and coordinate consumers’ loans (such as car, personal and residential loans) and/or commercial or business loans. Prior to closing the loan, they must review and verify loan documents such as income statement, credit report, appraisal report and title insurance; they must make sure that required documents are complete and accurate. Most of the time, senior loan officers work for financial institutions such as banks or credit unions; they may also work …Read more