▼16%
$19.32
Avg. Base Hourly Rate (USD)
/ hour
Avg. Base Hourly Rate (USD)
10%
$14.68
MEDIAN
$19.32
90%
$24.84
The average hourly pay for a Loan Processor is $19.32 in 2025
Hourly Rate
$15 - $25
Bonus
$530 - $10k
Profit Sharing
$588 - $6k
Commission
$85 - $13k
Total Pay
$32k - $59k
Is Average Loan Processor with Loan Processing Skills Hourly Pay your job title? Find out what you should be paid
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What is the Pay by Experience Level for Loan Processors?
What Do Loan Processors Do?
Find your market worth – how it works:
Common Health Benefits for a Loan Processor
Medical
78%
Dental
67%
Vision
61%
None
22%
Gender Breakdown for Loan Processors
Female
85.5%
Male
12.6%
Prefer to self-define
0.9%
This data is based on 214 survey responses. Learn more about the gender pay gap.
FAQs About Loan Processors
What is the highest pay for Loan Processors?
Our data indicates that the highest pay for a Loan Processor is $24.84 / hour
What is the lowest pay for Loan Processors?
Our data indicates that the lowest pay for a Loan Processor is $14.68 / 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.