Loan Processor I Salary in the United States

How much does a Loan Processor I make in the United States? The average Loan Processor I salary in the United States is $39,539 as of April 26, 2022, but the range typically falls between $35,266 and $44,328. Salary ranges can vary widely depending on many important factors, including education, certifications, additional skills, the number of years you have spent in your profession. With more online, real-time compensation data than any other website, Salary.com helps you determine your exact pay target.  View the Cost of Living in Major Cities

Job Description

Performs administrative tasks for loan processing. Collects and prepares necessary information required by each loan type and purpose to process and complete loan files. Verifies all documentation for accuracy and completeness. Tracks and monitors due dates. Ensures all documents are prepared and finalized in compliance with regulatory policies and procedures. Inputs and maintains all required transaction and processing records according to procedures. Responds to inquiries. Prepares required regulatory reporting. Requires a high school diploma. Typically reports to a supervisor. Works under the close direction of senior personnel in the functional area. Possesses a moderate understanding of general aspects of the job. May require 0-1 year of general work experience. (Copyright 2022 Salary.com)

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Average Base Salary

Core compensation

 
 
 
35266
44328
39539

Average Total Cash Compensation

Includes base and annual incentives

 
 
 
36672
46276
41286
These charts show the average base salary (core compensation), as well as the average total cash compensation for the job of Loan Processor I in the United States. The base salary for Loan Processor I ranges from $35,266 to $44,328 with the average base salary of $39,539. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $36,672 to $46,276 with the average total cash compensation of $41,286.
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35266
44328

 

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Career Path for this job

  1. This Job:

    Loan Processor I

    0 - 1 years experience
    High School Diploma or Tech Certificate

  2. Up a level:

    Loan Processor II

    1 - 3 years experience
    High School Diploma or Tech Certificate

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Job Openings for Loan Processor I