What is the average Banking Commercial Loan Processing Clerk Sr salary for Rapid City, SD?
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As of July 01, 2026, the average Banking Commercial Loan Processing Clerk Sr salary in Rapid City, SD is $97,985. The chart below represents localized salaries for some of our most popular Banking Commercial Loan Processing Clerk Sr job titles in Rapid City, SD. Salaries can vary greatly depending on numerous factors, including position, location, years of experience, and level of education. Salary.com’s team of Certified Compensation Professionals analyzed survey data collected from thousands of HR departments at companies of all sizes and industries to compile a range of salaries for various Banking Commercial Loan Processing Clerk Sr job titles in Rapid City, SD. Apply your personal criteria to one of the job titles below to get your personalized salary estimate.
Banking Commercial Loan Processing Clerk Sr Salaries in Rapid City, SD
| Job Title | Salary | Hourly Rate | Location | Date Updated |
| Loan Processing Manager | $97,500 | $46.88 | Rapid City, SD | July 01, 2026 |
| Loan Processing Quality Analyst II | $58,401 | $28.08 | Rapid City, SD | July 01, 2026 |
| Loan Processing Quality Analyst III | $65,993 | $31.73 | Rapid City, SD | July 01, 2026 |
| Loan Processing Quality Analyst I | $51,393 | $24.71 | Rapid City, SD | July 01, 2026 |
| Mortgage Loan Funding Clerk, Sr. | $48,348 | $23.24 | Rapid City, SD | July 01, 2026 |
| Loan Processing Supervisor | $64,167 | $30.85 | Rapid City, SD | July 01, 2026 |
| Mortgage Payment Processing Clerk | $40,873 | $19.65 | Rapid City, SD | July 01, 2026 |
| Loan Processing Assistant Manager | $76,593 | $36.82 | Rapid City, SD | July 01, 2026 |
| Commercial Loan Review Manager | $131,725 | $63.33 | Rapid City, SD | July 01, 2026 |
| Commercial Loan Documentation Manager | $101,990 | $49.03 | Rapid City, SD | July 01, 2026 |
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Manages loan processing operations to ensure efficient handling of loan applications and compliance with lending policies and regulatory standards. Develops and implements procedures that govern document verification, file preparation, and workflow management across the loan processing function. Monitors and supports loan processing supervisors and staff by establishing performance goals, monitoring productivity, and maintaining service quality. Collaborates with underwriting, credit, and compliance teams to streamline processes and address regulatory or documentation requirements. Analyzes processing performance metrics and implements improvements to enhance turnaround times, accuracy, and borrower satisfaction. May require a bachelor's degree. Typically reports to a director. Manages subordinate staff in the day-to-day performance of their jobs. True first level manager. Ensures that project/department milestones/goals are met and adhering to approved budgets. Has full authority for personnel actions. Typically requires 5 years experience in the related area as an individual contributor. 1-3 years supervisory experience may be required. Extensive knowledge of the function and department processes. Loan Processing Manager Salaries in Rapid City, SDAlternate Job Titles:Consumer Loan Processing Manager, Loan Processing Manager
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Ensures the accuracy and quality of loan processing activities by reviewing loan files, documentation, and workflow procedures for completeness and adherence to organizational standards. Conducts quality assurance reviews of loan applications, underwriting documents, and supporting materials to verify compliance with internal policies and processing guidelines. Identifies processing errors, documentation gaps, and operational inefficiencies, and recommends corrective actions to improve loan processing quality. Develops quality control reports, dashboards, and performance metrics to monitor trends and highlight areas requiring improvement. Collaborates with loan processors, underwriters, and operations teams to provide feedback and training, guidance on quality standards and best practices, and strategies to streamline cooperation and drive processing service metrics. Supports continuous improvement initiatives by analyzing audit results and implementing enhancements to loan processing procedures. May require a bachelor's degree. Typically reports to a manager. Occasionally directed in several aspects of the work. Gaining exposure to some of the complex tasks within the job function. Typically requires 2-4 years of related experience. Loan Processing Quality Analyst II Salaries in Rapid City, SDAlternate Job Titles:Loan Processing Compliance Analyst II, Loan Processing Quality Analyst II
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Ensures the accuracy and quality of loan processing activities by reviewing loan files, documentation, and workflow procedures for completeness and adherence to organizational standards. Conducts quality assurance reviews of loan applications, underwriting documents, and supporting materials to verify compliance with internal policies and processing guidelines. Identifies processing errors, documentation gaps, and operational inefficiencies, and recommends corrective actions to improve loan processing quality. Develops quality control reports, dashboards, and performance metrics to monitor trends and highlight areas requiring improvement. Collaborates with loan processors, underwriters, and operations teams to provide feedback and training, guidance on quality standards and best practices, and strategies to streamline cooperation and drive processing service metrics. Supports continuous improvement initiatives by analyzing audit results and implementing enhancements to loan processing procedures. May require a bachelor's degree. Typically reports to a manager. Work is generally independent and collaborative in nature. Contributes to moderately complex aspects of a project. Typically requires 4-7 years of related experience. Loan Processing Quality Analyst III Salaries in Rapid City, SDAlternate Job Titles:Loan Processing Compliance Analyst III, Loan Processing Quality Analyst III
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Ensures the accuracy and quality of loan processing activities by reviewing loan files, documentation, and workflow procedures for completeness and adherence to organizational standards. Conducts quality assurance reviews of loan applications, underwriting documents, and supporting materials to verify compliance with internal policies and processing guidelines. Identifies processing errors, documentation gaps, and operational inefficiencies, and recommends corrective actions to improve loan processing quality. Develops quality control reports, dashboards, and performance metrics to monitor trends and highlight areas requiring improvement. Collaborates with loan processors, underwriters, and operations teams to provide feedback and training, guidance on quality standards and best practices, and strategies to streamline cooperation and drive processing service metrics. Supports continuous improvement initiatives by analyzing audit results and implementing enhancements to loan processing procedures. May require a bachelor's degree. Typically reports to a manager. Work is closely managed. Works on projects/matters of limited complexity in a support role. Typically requires 0-2 years of related experience. Loan Processing Quality Analyst I Salaries in Rapid City, SDAlternate Job Titles:Loan Processing Compliance Analyst I, Loan Processing Quality Analyst I
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Performs administrative and operational activities to support the disbursement and funding of approved mortgage loans. Reviews closing packages to verify that required documents, signatures, and approvals are complete before funds are released. Coordinates with closing agents, title companies, and internal loan operations teams to ensure funding conditions are satisfied. Processes wire transfers and disbursement transactions according to approved funding instructions and bank procedures. Maintains accurate funding records and updates loan systems to reflect funding status. Supports compliance and audit requirements by ensuring mortgage funding activities follow regulatory and internal control standards. Requires a high school diploma. 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. Mortgage Loan Funding Clerk, Sr. Salaries in Rapid City, SDAlternate Job Titles:Mortgage Funding Senior Administrative Clerk, Mortgage Loan Funding Clerk, Sr.
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Supervises daily loan processing operations to ensure timely and accurate preparation of loan applications for underwriting and approval. Oversees a team of loan processors by assigning workloads, monitoring performance, and reviewing loan files for completeness and compliance with lending policies. Resolves complex processing issues involving documentation discrepancies, borrower qualifications, and regulatory requirements. Ensures adherence to internal procedures and external lending regulations while maintaining quality control standards. Trains staff on loan processing systems, documentation requirements, and operational procedures to improve efficiency and service quality. Prepares reporting for internal departments and external agencies. Requires a high school diploma. Typically reports to a manager. Supervises a small group of para-professional staff in an organization characterized by highly transactional or repetitive processes. Contributes to the development of processes and procedures. Typically requires 3 years experience in the related area as an individual contributor. Thorough knowledge of functional area under supervision. Loan Processing Supervisor Salaries in Rapid City, SDAlternate Job Titles:Consumer Loan Processing Supervisor, Loan Processing Supervisor
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Processes borrower mortgage payments and related transactions to ensure accurate posting and account reconciliation within the mortgage servicing system. Reviews payment information to verify accuracy and completeness before posting. Verifies payments to principal, interest, escrow, and fees in accordance with loan terms and servicing guidelines. Investigates and resolves payment discrepancies, unapplied funds, and transaction exceptions. Maintains accurate payment records and updates servicing systems to reflect account activity. Supports compliance and audit requirements by ensuring payment processing activities follow regulatory standards and internal controls. 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. Mortgage Payment Processing Clerk Salaries in Rapid City, SDAlternate Job Titles:Mortgage Loan Payment Transactions Clerk, Mortgage Payment Transactions Clerk, Mortgage Payment Processing Clerk
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Assists with managing loan processing operations to ensure efficient handling of loan applications and compliance with lending policies and regulatory standards. Implements procedures that govern document verification, file preparation, and workflow management across the loan processing function. Monitors and supports loan processing supervisors and staff by establishing performance goals, monitoring productivity, and maintaining service quality. Collaborates with underwriting, credit, and compliance teams to streamline processes and address regulatory or documentation requirements. Analyzes processing performance metrics and implements improvements to enhance turnaround times, accuracy, and borrower satisfaction. Requires a high school diploma. Typically reports to a manager. Supervises a group of primarily para-professional level staffs. May also be a level above a supervisor within high volume administrative/production environments. Makes day-to-day decisions within or for a group/small department. Has some authority for personnel actions. Typically requires 3-5 years experience in the related area as an individual contributor. Thorough knowledge of functional area and department processes. Loan Processing Assistant Manager Salaries in Rapid City, SDAlternate Job Titles:Consumer Loan Processing Assistant Manager, Loan Processing Assistant Manager
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Manages the review of commercial loans to ensure sound credit practices, regulatory compliance, and adherence to internal lending standards. Oversees risk assessments, loan grading, and portfolio evaluations performed by the team. Develops policies, procedures, and review schedules specific to commercial lending activities. Evaluates complex commercial loans and approves final risk assessments and recommendations. Communicates key findings and trends to senior leadership and regulatory agencies. Leads, trains, and develops staff to maintain high-quality review standards. Requires a bachelor's degree. Typically reports to a director. Typically manages through subordinate managers and professionals in larger groups of moderate complexity. Provides input to strategic decisions that affect the functional area of responsibility. May give input into developing the budget. Typically requires 3+ years of managerial experience. Capable of resolving escalated issues arising from operations and requiring coordination with other departments. Commercial Loan Review Manager Salaries in Rapid City, SDAlternate Job Titles:Commercial Loan Review Group Manager, Commercial Loan Review Manager
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Manages the preparation and review of commercial loan documentation to ensure accuracy, legal compliance, and adherence to bank lending policies. Oversees a team responsible for drafting, reviewing, and finalizing loan agreements, collateral documents, and closing packages for commercial lending transactions. Develops documentation standards, procedures, and controls to support consistent and compliant loan documentation practices. Collaborates with legal counsel, credit officers, and loan operations teams to resolve complex documentation issues. Monitors regulatory changes and industry best practices to maintain compliant loan documentation processes. Evaluates team performance and implements training and process improvements to enhance documentation quality and operational efficiency. May require a bachelor's degree. Typically reports to a director. Manages subordinate staff in the day-to-day performance of their jobs. True first level manager. Ensures that project/department milestones/goals are met and adhering to approved budgets. Has full authority for personnel actions. Typically requires 5 years experience in the related area as an individual contributor. 1-3 years supervisory experience may be required. Extensive knowledge of the function and department processes. Commercial Loan Documentation Manager Salaries in Rapid City, SDAlternate Job Titles:Commercial Loan Document Control Manager, Commercial Loan Document Quality Manager, Commercial Loan Documentation Manager