Loan Processor II Salary in the United States

How much does a Loan Processor II make in the United States? The average Loan Processor II salary in the United States is $43,210 as of April 26, 2022, but the range typically falls between $38,592 and $48,688. 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 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 2022 Salary.com)

Take just three simple steps below to generate your own personalized salary report.

Step of 3

Understand the total compensation opportunity for a Loan Processor II, base salary plus other pay elements

Average Base Salary

Core compensation

 
 
 
38592
48688
43210

Average Total Cash Compensation

Includes base and annual incentives

 
 
 
39644
51023
44729
These charts show the average base salary (core compensation), as well as the average total cash compensation for the job of Loan Processor II in the United States. The base salary for Loan Processor II ranges from $38,592 to $48,688 with the average base salary of $43,210. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $39,644 to $51,023 with the average total cash compensation of $44,729.
Step of 3

Discover how your pay is adjusted for skills, experience, and other factors

How much should you be paid?

For a real-time salary target, tell us more about your role in the four categories below.

38592
48688

 

Step of 3

Recalculate your target pay based on your unique skills and experiences

Career Path for this job

  1. Down a level:

    Loan Processor I

    0 - 1 years experience
    High School Diploma or Tech Certificate

  2. This Job:

    Loan Processor II

    1 - 3 years experience
    High School Diploma or Tech Certificate

  3. Up a level:

    Loan Processor III

    2 - 5 years experience
    High School Diploma or Tech Certificate

Salary for

Are you an HR manager or compensation specialist?

Salary.com's CompAnalyst platform offers:

  • Detailed skills and competency reports for specific positions
  • Job and employee pricing reports
  • Compensation data tools, salary structures, surveys and benchmarks.
Learn about CompAnalyst
Job Openings for Loan Processor II