▼16%
$19.46
Avg. Base Hourly Rate (USD)
/ hour
Avg. Base Hourly Rate (USD)
10%
$14.82
MEDIAN
$19.46
90%
$24.86
The average hourly pay for a Loan Processor is $19.46 in 2025
Hourly Rate
$15 - $25
Bonus
$553 - $9k
Profit Sharing
$850 - $5k
Commission
$89 - $24k
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
79%
Dental
67%
Vision
61%
None
21%
Gender Breakdown for Loan Processors
Female
84.6%
Male
13.3%
Prefer to self-define
1.0%
This data is based on 195 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 $24.86 / hour
What is the lowest pay for Loan Processors?
Our data indicates that the lowest pay for a Loan Processor is $14.82 / 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.