Avg. Base Hourly Rate (USD)
The average hourly pay for a Loan Processor is $17.64 in 2025
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What Do Loan Processors Do?
- 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.
Common Health Benefits for a Loan Processor
Gender Breakdown for Loan Processors
FAQs About Loan Processors
What is the highest pay for Loan Processors in Knoxville?
Our data indicates that the highest pay for a Loan Processor in Knoxville is $NaN / hour
What is the lowest pay for Loan Processors in Knoxville?
Our data indicates that the lowest pay for a Loan Processor in Knoxville is $NaN / hour
How can Loan Processors increase their salary?
Increasing your pay as a Loan Processor is possible in different ways. Change of employer: Consider a career move to a new employer that is willing to pay higher for your skills. Level of Education: Gaining advanced degrees may allow this role to increase their income potential and qualify for promotions. Managing Experience: If you are a Loan Processor that oversees more junior Loan Processors, this experience can increase the likelihood to earn more.