Loan Processor III Salary in the United States

How much does a Loan Processor III make in the United States? The average Loan Processor III salary in the United States is $50,535 as of April 26, 2022, but the range typically falls between $44,704 and $56,609. 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 independently within established procedures associated with the specific job function. Has gained proficiency in multiple competencies relevant to the job. Typically requires 3-5 years of related experience, or may need 2 years experience with additional specialized training and/or certification. (Copyright 2022 Salary.com)

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Average Base Salary

Core compensation

 
 
 
44704
56609
50535

Average Total Cash Compensation

Includes base and annual incentives

 
 
 
46161
59817
52684
These charts show the average base salary (core compensation), as well as the average total cash compensation for the job of Loan Processor III in the United States. The base salary for Loan Processor III ranges from $44,704 to $56,609 with the average base salary of $50,535. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $46,161 to $59,817 with the average total cash compensation of $52,684.
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44704
56609

 

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Career Path for this job

  1. Down a level:

    Loan Processor II

    1 - 3 years experience
    High School Diploma or Tech Certificate

  2. This Job:

    Loan Processor III

    2 - 5 years experience
    High School Diploma or Tech Certificate

  3. Up a level:

    Loan Processing Supervisor

    3 + years experience
    Associate's Degree

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Job Openings for Loan Processor III