Loan Processor Salary, Skills & Requirements (2026)
Advertised pay, starting pay, skills and experience from 1,339 US job postings by 626 employers. Data as of October 2026.
What US employers post for loan processors: advertised pay, the skills and experience they ask for, and the job titles they use, from 1,339 open job postings (October 2026).
- The median advertised pay for loan processors in US job postings is $57,000 a year (276 postings from 154 employers, October 2026).
- The middle half of those postings offer $47,000 to $68,000.
- The skills that most set loan processor postings apart are organizational skills, attention to detail, loan documentation.
- Postings that state a minimum ask for a median of 2 years of experience.
Loan Processor job postings in the US, October 2026
- $57,000
- Median advertised pay (276 postings)
- $47,000–$68,000
- Middle 50% of postings
- 1,339
- US job postings from 626 employers
- 2 years
- Median experience asked
How much does a loan processor make?
The median advertised pay is $57,000 a year, from 276 US job postings by 154 employers that state pay. One in ten postings offers $83,000 or more.
Advertised pay in 276 US loan processor job postings: median $57,000 a year, middle half $47,000 to $68,000.
- Median: $57,000
- 25th percentile: $47,000
- 75th percentile: $68,000
The figures as a table
| Annual pay | Share of postings |
|---|---|
| $20K–$30K | 1.5% |
| $30K–$40K | 6.2% |
| $40K–$50K | 27.2% |
| $50K–$60K | 24.3% |
| $60K–$70K | 19.2% |
| $70K–$80K | 9.4% |
| $80K–$90K | 4.0% |
| $90K–$100K | 2.2% |
| $100K–$110K | 2.5% |
| $110K–$120K | 1.1% |
| $120K–$130K | 1.5% |
| $130K–$140K | 0.4% |
Midpoint of each posting's pay range, hourly pay × 2,080 hours; at most 20 postings per employer; US, October 2026.
| Median | Middle 50% | Postings | |
|---|---|---|---|
| All pay postings, annualised | $57,000 | $47K–$68K | 276 |
For comparison, the U.S. Bureau of Labor Statistics puts the national median annual wage of Loan Interviewers and Clerks (43-4131) at $50,000 (May 2025). Postings advertise pay; the BLS measures what people earn, across all employers and levels.
What is the starting salary for a loan processor?
Figure withheld: fewer than 250 US postings list pay. How we decide.
Skills employers ask for in loan processor job postings
| Skill | Share of postings |
|---|---|
| Communication | 47% |
| Organizational skills | 38% |
| Attention to detail | 37% |
| Excel | 29% |
| Customer service | 25% |
| Microsoft Office | 20% |
| Word | 18% |
| Analytical skills | 17% |
| Problem-solving | 17% |
| Time management | 17% |
Skills named in the posting text; at most 20 postings per employer; US, October 2026. Methodology.
Skills that set loan processors apart
- Loan documentation348.8× as often as in all postings · 5%
- Time management3.2× as often as in all postings · 17%
- Word3.1× as often as in all postings · 18%
- Multi-task5× as often as in all postings · 12%
- Accuracy6× as often as in all postings · 9%
- Meet deadlines6× as often as in all postings · 8%
- Microsoft word4.4× as often as in all postings · 6%
- Oral and written communication skills4.2× as often as in all postings · 6%
- Detail oriented3.5× as often as in all postings · 5%
Skills named in at least 5% of these postings and at least 3 times as often as in job postings overall.
Have a loan processor job posting in front of you? See which of its skills your resume is missing.
What does a loan processor do?
Employers post these jobs as Mortgage Loan Processor, Loan Servicing Specialist, Loan Assistant, Loan Officer Assistant, Mortgage Processor and other titles. The largest specializations are Mortgage Loan Processor (15%), Mortgage Loan Closer (12%), Bankruptcy Specialist (3%), Processor (2%), Escrow Officer (1%), Transaction Coordinator (under 1%).
The closest official occupation is Loan Interviewers and Clerks (43-4131.00). Its most important tasks:
- Interview loan applicants to obtain personal and financial data and to assist in completing applications.
- Answer questions and advise customers regarding loans and transactions.
- Submit loan applications with recommendation for underwriting approval.
- Verify and examine information and accuracy of loan application and closing documents.
- Record applications for loan and credit, loan information, and disbursements of funds, using computers.
Source: O*NET 31.0 Database, U.S. Department of Labor, Employment and Training Administration (CC BY 4.0).
How much experience do you need to be a loan processor?
Among 647 postings that state a minimum, the median is 2 years. 2% say 0 years and 32% ask for 1 year or less.
Minimum experience asked in 647 US loan processor job postings: median 2 years, and 32% ask for 1 year or less.
The figures as a table
| Minimum experience asked | Share of postings |
|---|---|
| 0 yr | 4% |
| 1 yr | 28% |
| 2 yrs | 31% |
| 3-4 yrs | 23% |
| 5-7 yrs | 10% |
| 8-9 yrs | under 1% |
| 10+ yrs | 2% |
Postings that state a minimum (required or preferred); at most 20 postings per employer; US, October 2026.
We do not show a degree figure: in our checks, degree requirements in posting text were found too rarely to publish one. Why.
Other names for a loan processor: job titles employers use
| Job title | Employers using it |
|---|---|
| Loan Processor | 74 (11.8%) |
| Mortgage Loan Processor | 55 (8.8%) |
| Loan Servicing Specialist | 45 (7.2%) |
| Loan Assistant | 33 (5.3%) |
| Loan Officer Assistant | 31 (5.0%) |
| Mortgage Processor | 29 (4.6%) |
| Loan Operations Specialist | 28 (4.5%) |
| Loan Administrator | 21 (3.4%) |
| Commercial Loan Processor | 20 (3.2%) |
| Loan Documentation Specialist | 19 (3.0%) |
| Loan Closer | 17 (2.7%) |
| Closing Coordinator | 16 (2.6%) |
| Mortgage Loan Closer | 15 (2.4%) |
| Commercial Loan Assistant | 14 (2.2%) |
| Consumer Loan Processor | 14 (2.2%) |
| Loan Closing Specialist | 14 (2.2%) |
| Mortgage Closer | 14 (2.2%) |
| Foreclosure Specialist | 13 (2.1%) |
| Lending Assistant | 13 (2.1%) |
| Collateral Specialist | 13 (2.1%) |
Titles read in our audit and used by at least 3 employers.
Loan Processor compared with similar careers
| Career | Median pay | Median experience | Postings | Shares N of top 25 skills |
|---|---|---|---|---|
| Loan Processor | $57K | 2 years | 1,339 | – |
| Administrative Assistant | $21.50/hr | 2 years | 14,117 | 20 |
| Dispatcher | $22.21/hr | 2 years | 4,190 | 16 |
| Customer Service Representative | $19.00/hr | 1 year | 33,817 | 19 |
| Office Clerk | $20.73/hr | 2 years | 8,223 | 21 |
Similar careers
| Career | Shares N of the top 25 skills | Median pay |
|---|---|---|
| Administrative Assistant | 20 | $21.50/hr |
| Dispatcher | 16 | $22.21/hr |
| Customer Service Representative | 19 | $19.00/hr |
| Office Clerk | 21 | $20.73/hr |
| Banking Operations Specialist | 17 | – |
| Paralegal | 19 | $78K |
Applying for loan processor jobs?
- Loan processor resume examples: one-page examples for these roles
- Match your resume to a job: paste a posting and see the skills your resume is missing
- Check your resume: see how an applicant tracking system reads it
- Find loan processor jobs: search open postings
Frequently asked questions
How much does a loan processor make?
Source and method
Open US job postings collected from employers' applicant tracking systems, de-duplicated, counted only when their job title was read in our audit. Shares count at most 20 postings per employer, and franchise locations of one brand count as one employer. Pay uses hourly and annual figures only; a figure is shown when leaving out the largest employer moves it by 10% or less. Every figure states its number of postings. Methodology and measured accuracy.
Accuracy check: we read 20 randomly chosen postings counted on this page in full; 20 of them were this career or a closely related one (October 2026).
Download the figures on this page (CSV): every number above with its count of postings. Aggregate figures are licensed CC BY 4.0; cite the page when you reuse them.