What are the main factors that influence a Loan Processor I's salary?

The primary factors are: 1) Experience Level, 2) Geographic Location, 3) Education/Skills, 4) Company Size & Industry

How does experience change A Loan Processor 's salary?

A Loan Processor 's salary grows with experience: a Loan Processor I (0-1 years)earns $44,315, a Loan Processor II (1-3 years)earns $49,623, a Loan Processor III (3-5 years)earns $60,092, a Loan Processing Supervisor (5+ years)earns $64,949,

What are the highest paying states for a Loan Processor I?

Loan Processor I salary varies significantly by state. The top 3 highest paying states for Loan Processor I roles are District of Columbia $48,340, California $48,157, Massachusetts $47,515. These tech hubs typically pay 10-15% above the national average.

How much do different types of Loan Processor roles make?

Salaries for Loan Processor level roles vary by specialization: Commercial Loan Processor: $59,658; Sba Loan Processor: $59,605; Loan Processor III: $59,204; Jr Loan Processor: $50,184; Loan Processor: $49,639.

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Loan Processor I Salary in Delaware

How much does a Loan Processor I make in Delaware?

As of May 18, 2021, the average salary for a Loan Processor I in Delaware is $44,315 per year, which breaks down to an hourly rate of $21.

However, a Loan Processor I's salary can vary significantly. Here’s a look at the typical salary range:

Top Earners (90th percentile): $50,309
Majority Range (25th-75th percentile): $41,035 to $47,452
Entry-Level (10th percentile): $38,050

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Loan Processor I Salaries by Percentile

	Annual Salary	Monthly Pay	Weekly Pay	Hourly Wage
75th Percentile	$47,452	$3,954	$913	$23
Average	$44,315	$3,693	$852	$21
25th Percentile	$41,035	$3,420	$789	$20

You may get higher pay by adjusting the following factors:

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Key Factors That Influence Loan Processor I Salaries

A Loan Processor I's salary isn't a fixed number. It's shaped by several important factors. Below, we'll explore how your years of experience, geographic location and company size can directly affect your earning potential.

How Experience Level Affects Loan Processor Salaries?

Experience is a primary driver of a Loan Processor I's salary. As you build your skills and take on more complex tasks, your compensation generally increases. Here's how the average salary grows at different career stages:

Loan Processor I (0-1 years): $44,315
Loan Processor II (1-3 years): $49,623
Loan Processor III (3-5 years): $60,092
Loan Processing Supervisor (5+ years): $64,949

Job Role	Years of Experience	Average Salary
Loan Processor I	0-1 years	$44,315
Loan Processor II	1-3 years	$49,623
Loan Processor III	3-5 years	$60,092
Loan Processing Supervisor	5+ years	$64,949

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What Am I Worth?

How Do Loan Processor I Salaries Vary from State to State?

Your salary can change significantly depending on where you work. States with a higher cost of living and strong industrial sectors often pay more to attract Loan Processor Is. For example, consider the average annual salaries in these key locations:

District of Columbia: $48,340.
California: $48,157.
Massachusetts: $47,515.

District of Columbia $48,340 California $48,157 Massachusetts $47,515 Washington $47,341 New Jersey $47,323 Alaska $47,262 Connecticut $46,659 New York $46,415

Hawaii $45,633 Rhode Island $45,267 Maryland $45,018 Minnesota $44,677 Colorado $44,546 Illinois $44,503 Oregon $44,337 Delaware $44,214

New Hampshire $44,138 Virginia $43,966 Pennsylvania $43,464 Nevada $43,210 North Dakota $43,127 Michigan $42,996 Wisconsin $42,948 Vermont $42,852

Texas $42,586 Maine $42,569 Arizona $42,542 Ohio $42,512 Georgia $42,110 Indiana $41,909 Wyoming $41,870 Utah $41,809

Iowa $41,783 Kansas $41,573 Louisiana $41,512 North Carolina $41,490 Missouri $41,481 Florida $41,311 Montana $41,219 Nebraska $41,132

Kentucky $41,084 South Carolina $40,909 Tennessee $40,800 Idaho $40,757 New Mexico $40,438 Oklahoma $40,368 Alabama $40,110 South Dakota $39,678

Arkansas $39,442 West Virginia $39,316 Mississippi $38,936

Top Paying Cities for Loan Processor Is

Salaries can also vary between different cities. Major metropolitan areas or cities with a high demand for technicians often offer more competitive pay. Here are a few examples of average annual salaries in different U.S. cities:

Lincoln: $45,760
Little Creek: $45,337
Magnolia: $45,524

Lincoln, DE $45,760 Little Creek, DE $45,337 Magnolia, DE $45,524 Milford, DE $45,760 Marydel, DE $45,166 Millsboro, DE $45,760 Millville, DE $46,066 Milton, DE $45,760

Nassau, DE $45,760 Ocean View, DE $46,066 Rehoboth Beach, DE $46,066 Seaford, DE $45,280 Selbyville, DE $46,066 Smyrna, DE $45,114 Viola, DE $45,524 Woodside, DE $45,393

Bear, DE $44,782 Newark, DE $44,800 Claymont, DE $44,834 Delaware City, DE $44,800 Hockessin, DE $44,834 Kirkwood, DE $44,800 Middletown, DE $45,022 Montchanin, DE $44,834

New Castle, DE $44,834 Odessa, DE $45,083 Port Penn, DE $44,677 Rockland, DE $44,834 Saint Georges, DE $44,800 Townsend, DE $45,018 Winterthur, DE $44,834 Lewes, DE $45,760

Wilmington, DE $44,834 Dover, DE $45,315 Dover Afb, DE $45,419 Bethany Beach, DE $46,066 Bethel, DE $45,280 Bridgeville, DE $45,760 Camden Wyoming, DE $45,363 Cheswold, DE $45,210

Clayton, DE $45,096 Dagsboro, DE $46,066 Delmar, DE $45,280 Ellendale, DE $45,760 Felton, DE $45,760 Fenwick Island, DE $46,066 Frankford, DE $46,066 Frederica, DE $45,760

Georgetown, DE $45,760 Greenwood, DE $45,760 Harbeson, DE $45,760 Harrington, DE $45,760 Hartly, DE $45,075 Houston, DE $45,760 Kenton, DE $45,096 Laurel, DE $45,280

Yorklyn, DE $44,834

Loan Processor I Salary: Hourly Rate, Weekly Pay, and Monthly Pay

Understanding how a Loan Processor I's annual salary breaks down can help with budgeting. Below, you can see the average hourly rate, weekly pay, and monthly pay for this role. Use the buttons to switch between different pay periods.

Last Updated on May 18, 2021

$41,035

Average $44,315/year

$47,452

$3,420

Average $3,693/month

$3,954

$789

Average $852/week

$913

$20

Average $21/hour

$23

	Annual Salary	Monthly Pay	Weekly Pay	Hourly Wage
75th Percentile	$47,452	$3,954	$913	$23
Average	$44,315	$3,693	$852	$21
25th Percentile	$41,035	$3,420	$789	$20

Loan Processor I Salary Growth & Career Path

Loan Processor I

Loan Processor II

Commercial Loan Processor

Mortgage Loan Processor II

Loan Processing Supervisor

Loan Processing Assistant Manager

Loan Processing Manager

Promotions are the fastest way to increase your earnings. As a Loan Processor I, you have the following paths for advancement. The table below compares the salary raises for common next-step roles. By comparing these figures, you can choose the career path that best meets your financial goals.

Loan Processor I Salary Growth and Career Path
Next Step Role	Estimate Salary	Projected Raise
Loan Processor II	$49,623	12%
Commercial Loan Processor	$60,553	37%
Mortgage Loan Processor II	$50,871	15%

Salaries of jobs related to Loan Processor I

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