Full Time Loan Processor information
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$13.70 - $15.25
5% of jobs
$15.25 - $16.81
9% of jobs
$18.07 is the 25th percentile. Wages below this are outliers.
$16.81 - $18.36
13% of jobs
$18.36 - $19.91
20% of jobs
The median wage is $20.17 / hr.
$19.91 - $21.46
16% of jobs
$21.46 - $23.01
9% of jobs
$23.45 is the 75th percentile. Wages above this are outliers.
$23.01 - $24.56
8% of jobs
$24.56 - $26.11
6% of jobs
$26.11 - $27.67
5% of jobs
$27.67 - $29.22
5% of jobs
$29.22 - $30.77
2% of jobs
How much do full time loan processor jobs pay per hour?
As of Sep 1, 2026, the average hourly pay for full time loan processor in the United States is $21.30, according to ZipRecruiter salary data. Most workers in this role earn between $18.03 and $24.04 per hour, depending on experience, location, and employer.
A Full Time Loan Processor is responsible for managing and organizing all the documentation needed to process loan applications. They review applicants’ financial information, verify data accuracy, and ensure that all required paperwork is complete before submitting the application for approval. Loan Processors communicate with borrowers, lenders, and underwriters to gather information and resolve any issues that may arise during the process. Their goal is to help move loans efficiently from application to closing while complying with all regulatory requirements.
A Full Time Loan Processor works closely with loan officers to collect and verify borrower documentation, ensuring all required information is accurate and complete. Throughout the loan process, the processor acts as a liaison between the borrower, loan officer, and underwriter, facilitating clear communication and promptly addressing any documentation gaps or issues. Regular coordination with underwriters is essential to resolve conditions and expedite loan approvals, making strong organizational and interpersonal skills vital for success in this collaborative environment.
A Full Time Loan Processor needs strong attention to detail, knowledge of loan products, and familiarity with regulatory requirements, typically supported by a high school diploma or equivalent experience in finance or banking. Proficiency with loan origination systems (LOS), document management software, and related compliance tools is essential. Exceptional organizational skills, effective communication, and the ability to work under deadlines help candidates excel in this role. These skills ensure accuracy, timely processing, and regulatory compliance, which are critical for customer satisfaction and institutional integrity.
Full time loan processors can often work remotely, especially with the increased adoption of digital communication tools and cloud-based loan management systems. However, some employers may require in-office presence for certain tasks or compliance reasons, so remote work availability depends on the company's policies and the specific role requirements.
Full-time loan processors typically earn an average annual salary between $40,000 and $55,000, depending on experience, location, and employer. Some may also receive benefits such as health insurance and paid time off, and proficiency with loan processing software can impact earning potential.
A full-time loan processor's job involves reviewing and verifying loan applications, ensuring accuracy, and meeting deadlines, which can be demanding due to the need for attention to detail and compliance with regulations. The difficulty level depends on the complexity of loans handled and familiarity with loan processing software and procedures. Strong organizational skills and the ability to work under pressure are important for success in this role.
What cities are hiring for Full Time Loan Processor jobs?
Cities with the most Full Time Loan Processor job openings:
What are the most commonly searched types of Loan Processor jobs?
The most popular types of Loan Processor jobs are:
What states have the most Full Time Loan Processor jobs?
States with the most job openings for Full Time Loan Processor jobs include: