$46,943
Avg. Base Salary (USD)
/ year
Avg. Base Salary (USD)
25%
$41k
MEDIAN
$47k
75%
$52k
The average salary for a Loan Processor is $46,943 in 2025
Base Salary
$41k - $52k
Bonus
$0 - $1k
Total Pay
$39k - $49k
Is Average Loan Processor Salary at U.S. Bank your job title? Find out what you should be paid
Use our tool to get a personalized report on your market worth.What's this?
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What Do Loan Processors Do?
Loan Processor Tasks
- 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.
Find your market worth – how it works:
Common Health Benefits for a Loan Processor
Medical
60%
Dental
40%
Vision
40%
None
40%
Gender Breakdown for Loan Processors
Female
80.0%
Male
20.0%
This data is based on 5 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 $NaN / year
What is the lowest pay for Loan Processors?
Our data indicates that the lowest pay for a Loan Processor is $NaN / year
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.