How much does a Loan Processor II make in the United States? The average Loan Processor II salary in the United States is $44,892 as of May 25, 2023, but the range typically falls between $40,097 and $50,585. 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
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 or equivalent. Typically reports to a supervisor. Works under moderate supervision. Gaining or has attained full proficiency in a specific area of discipline. Typically requires 1-3 years of related experience, or may need 0 years of experience with additional specialized training and/or certification. (Copyright 2023 Salary.com)
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Core compensation
Includes base and annual incentives
0 - 1 years experience
High School Diploma or Tech Certificate
1 - 3 years experience
High School Diploma or Tech Certificate
2 - 5 years experience
High School Diploma or Tech Certificate
Salary.com's CompAnalyst platform offers:
Job Title | Experience | EDUCATION | Salary Compared to This Job |
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Job TitleCommercial Loan Processor | Experience1 - 3 | EducationAssociates | Salary Compared to This Job |
Job TitleConsumer Loan Officer II | Experience1 - 3 | EducationHigh School | Salary Compared to This Job |
Job TitleLoan Examiner II | Experience2 - 4 | EducationBachelors | Salary Compared to This Job |
Job TitleLoan Processor I | Experience0 - 1 | EducationHigh School | Salary Compared to This Job |
Job TitleLoan Processor III | Experience2 - 5 | EducationHigh School | Salary Compared to This Job |