Loan Processor

By

October 30, 2016

Jobs

Loan Processor Job Description

Loan Interviewers and Clerks Interview loan applicants to elicit information; investigate applicants’ backgrounds and verify references; prepare loan request papers; and forward findings, reports, and documents to appraisal department. Review loan papers to ensure completeness, and complete transactions between loan establishment, borrowers, and sellers upon approval of loan.

Loan Processor Salary Statistics as of 2015

Average annual salary for a Loan Processor is $33374 based on statistics in the U.S. as of 2015. The highest salary recorded was $48065. The lowest salary reported was $23007. These figures will vary on a state to state basis as these are averages across all 50 states.

Median hourly wage for a Loan Processor is $16.6 based on statistics in the U.S. as of 2015. The highest hourly rate recorded was $23.9. The lowest hourly rate recorded was $11.44. These figures will vary on a state to state basis as these are averages across all 50 states.

Bonuses for a Loan Processor are based on the years of experience using statistics from the U.S. as of 2015. The average bonus recorded was $500 from people with 15+ years of experience. The average bonus recorded was $305.21 from people with under 1 year of experience.

These are the highest paying states for a Loan Processor. These numbers are based of the median annual salary as of 2015.
Arizona – $33,971 – $44,849
California – $20,398 – $56,236
Florida – $28,486 – $49,238
Illinois – $27,000 – $55,520
Ohio – $21,172 – $53,998
Pennsylvania – $29,411 – $45,139
Texas – $19,798 – $48,302

These are the highest paying cities for a Loan Processor. These numbers are based of the median annual salary as of 2015.
Houston, Texas –
Jacksonville, Florida –
Chicago, Illinois –
Dallas, Texas –
Columbus, Ohio –
Denver, Colorado –
New York, New York –

This chart outlines the average annual salary of a Loan Processor from the past 5 years. In 2015 the average annual salary was $33374 while in 2007 it was just $30950.45

Job Outlook

Gender Statistics

Related Jobs

14%

86%

Based on our stats gathered across the U.S. 14% of Loan Processors were males while 86% were females. These numbers are based on averages across all states combined. Some individual states may have a much different ratio however.

Past Jobs

Bank Teller
$17,487 – $28,060
Customer Service Representative (CSR)
$19,522 – $41,605
Administrative Assistant
$21,320 – $43,579

Future Jobs

Mortgage Loan Processor
$23,955 – $49,106
Loan Officer
$25,766 – $102,662
Senior Mortgage Loan Processor
$30,568 – $57,337


Loan Processor Jobs

 

>

 

Tags

 

Leave a Reply

Your email address will not be published.

*