Loan Processor salary in the United States

Average salary

$48,500/yr

Based on 8,510 income tax records

$22,500

$114,000

Age:

Average salary by age

18-25

26-35

36-45

46-55

56+

$37K

$46K

$53K

$58K

$55K

$22,500

$114,000

How much do Loan Processors make?

The average total salary for a Loan Processor is $48,500 per year. This is based on data from 8,510 TurboTax users who reported their occupation as Loan Processor and includes taxable wages, tips, bonuses, and more. Loan Processor salary can vary between $22,500 to $114,000 depending on factors including education, skills, experience, employer & location. Read more

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DATA PROVIDED BY

Based on income reported to the IRS in box 1 of W-2.

From consenting TurboTax customers

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Loan Processor salary by location

Loan Processor salary by company

LoanDepot.com, Maricopa County, AZ

23 income tax records

$81,000/yr

$44K – $156K

United Services Automobile Association, Bexar County, TX

11 income tax records

$70,500/yr

$54K – $85K

Wells Fargo, Mecklenburg County, NC

11 income tax records

$63,500/yr

$48K – $73K

JPMorgan Chase, Maricopa County, AZ

29 income tax records

$63,000/yr

$39K – $86K

Navy Federal Credit Union, Santa Rosa County, FL

18 income tax records

$45,000/yr

$34K – $84K

Vanderbilt Mortgage Finance, Blount County, TN

12 income tax records

$45,000/yr

$37K – $51K

Suncoast Credit Union, Hillsborough County, FL

11 income tax records

$37,500/yr

$21K – $59K

Isgn Solutions, Brevard County, FL

13 income tax records

$35,500/yr

$31K – $58K

Loan Processor demographics in United States

59% are single

41% are married

43% have kids

52% own a home

Effective Tax Rates for Loan Processors in United States

8,510 full-time salaries from 2019

FAQS

What is the average salary for a loan processor in the United States?

The average salary for a loan processor in the United States is $48,500 per year. Loan processor salaries in the United States can vary between $22,500 to $114,000 and depend on various factors, including skills, experience, employer, bonuses, tips, and more.

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Where is this data coming from?

This data is exclusive to Mint Salary and is based on 8,510 tax returns from TurboTax customers who reported their occupation as loan processor.

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Which companies offer the highest salaries for loan processors in the United States?

The following companies offer the highest salaries for loan processors in the United States: loanDepot.com ($81,000 a year), United Services Automobile Association ($70,500 a year), and Wells Fargo ($63,500 a year).

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Which cities offer the highest salaries for loan processors in the United States?

The following cities offer the highest salaries for loan processors in the United States: San Francisco Metro Area, CA ($69,000 a year), Seattle Metro Area, WA ($65,500 a year), and New York Metro Area, NY ($63,500 a year).

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Total salary amounts here include total taxable wages, tips, prizes and other compensation. Salaries here are not representative of the total population and may reflect different levels of experience or education. Learn more

Total salary ranges shown here exclude outliers.