Loan Processor I Salary in the United States

How much does a Loan Processor I make hourly in the United States? The average hourly wage for a Loan Processor I in the United States is $19 as of April 26, 2022, but the range typically falls between $17 and $21. Hourly rate 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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Understand the total hourly compensation opportunity for a Loan Processor I, hourly wage plus other pay elements

Average Hourly Wage

Core compensation

 
 
 
17
21
19

Average Total Hourly Cash Compensation

Includes base and short-term incentives

 
 
 
18
22
20
These charts show the average hourly wage (core compensation), as well as the average total hourly cash compensation for the job of Loan Processor I in the United States. The average hourly rate for Loan Processor I ranges from $17 to $21 with the average hourly pay of $19. The total hourly cash compensation, which includes base and short-term incentives, can vary anywhere from $18 to $22 with the average total hourly cash compensation of $20.
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17
21

 

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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