What are the main factors that influence a Loan Processor II'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 II?

Loan Processor II salary varies significantly by state. The top 3 highest paying states for Loan Processor II roles are District of Columbia $54,131, California $53,926, Massachusetts $53,207. 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; Mortgage Loan Processor II: $50,119.

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Loan Processor II Salary in Delaware

How much does a Loan Processor II make in Delaware?

As of May 18, 2021, the average salary for a Loan Processor II in Delaware is $49,623 per year, which breaks down to an hourly rate of $24.

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

Top Earners (90th percentile): $59,125
Majority Range (25th-75th percentile): $45,859 to $54,597
Entry-Level (10th percentile): $42,431

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Loan Processor II Salaries by Percentile

	Annual Salary	Monthly Pay	Weekly Pay	Hourly Wage
75th Percentile	$54,597	$4,550	$1,050	$26
Average	$49,623	$4,135	$954	$24
25th Percentile	$45,859	$3,822	$882	$22

You may get higher pay by adjusting the following factors:

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Check out Loan Processor II Job Openings in Delaware

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Key Factors That Influence Loan Processor II Salaries

A Loan Processor II'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 II'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 II 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 IIs. For example, consider the average annual salaries in these key locations:

District of Columbia: $54,131.
California: $53,926.
Massachusetts: $53,207.

District of Columbia $54,131 California $53,926 Massachusetts $53,207 Washington $53,011 New Jersey $52,992 Alaska $52,923 Connecticut $52,249 New York $51,975

Hawaii $51,100 Rhode Island $50,689 Maryland $50,410 Minnesota $50,029 Colorado $49,882 Illinois $49,834 Oregon $49,648 Delaware $49,511

New Hampshire $49,425 Virginia $49,232 Pennsylvania $48,670 Nevada $48,386 North Dakota $48,294 Michigan $48,147 Wisconsin $48,093 Vermont $47,986

Texas $47,687 Maine $47,668 Arizona $47,638 Ohio $47,604 Georgia $47,154 Indiana $46,930 Wyoming $46,886 Utah $46,817

Iowa $46,788 Kansas $46,553 Louisiana $46,485 North Carolina $46,460 Missouri $46,450 Florida $46,260 Montana $46,157 Nebraska $46,059

Kentucky $46,005 South Carolina $45,810 Tennessee $45,688 Idaho $45,639 New Mexico $45,282 Oklahoma $45,204 Alabama $44,915 South Dakota $44,431

Arkansas $44,167 West Virginia $44,025 Mississippi $43,600

Top Paying Cities for Loan Processor IIs

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: $51,242
Little Creek: $50,767
Magnolia: $50,978

Lincoln, DE $51,242 Little Creek, DE $50,767 Magnolia, DE $50,978 Milford, DE $51,242 Marydel, DE $50,577 Millsboro, DE $51,242 Millville, DE $51,584 Milton, DE $51,242

Nassau, DE $51,242 Ocean View, DE $51,584 Rehoboth Beach, DE $51,584 Seaford, DE $50,704 Selbyville, DE $51,584 Smyrna, DE $50,518 Viola, DE $50,978 Woodside, DE $50,831

Bear, DE $50,146 Newark, DE $50,166 Claymont, DE $50,205 Delaware City, DE $50,166 Hockessin, DE $50,205 Kirkwood, DE $50,166 Middletown, DE $50,415 Montchanin, DE $50,205

New Castle, DE $50,205 Odessa, DE $50,484 Port Penn, DE $50,029 Rockland, DE $50,205 Saint Georges, DE $50,166 Townsend, DE $50,410 Winterthur, DE $50,205 Lewes, DE $51,242

Wilmington, DE $50,205 Dover, DE $50,743 Dover Afb, DE $50,860 Bethany Beach, DE $51,584 Bethel, DE $50,704 Bridgeville, DE $51,242 Camden Wyoming, DE $50,797 Cheswold, DE $50,626

Clayton, DE $50,498 Dagsboro, DE $51,584 Delmar, DE $50,704 Ellendale, DE $51,242 Felton, DE $51,242 Fenwick Island, DE $51,584 Frankford, DE $51,584 Frederica, DE $51,242

Georgetown, DE $51,242 Greenwood, DE $51,242 Harbeson, DE $51,242 Harrington, DE $51,242 Hartly, DE $50,474 Houston, DE $51,242 Kenton, DE $50,498 Laurel, DE $50,704

Yorklyn, DE $50,205

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

Understanding how a Loan Processor II'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

$45,859

Average $49,623/year

$54,597

$3,822

Average $4,135/month

$4,550

$882

Average $954/week

$1,050

$22

Average $24/hour

$26

	Annual Salary	Monthly Pay	Weekly Pay	Hourly Wage
75th Percentile	$54,597	$4,550	$1,050	$26
Average	$49,623	$4,135	$954	$24
25th Percentile	$45,859	$3,822	$882	$22

Loan Processor II Salary Growth & Career Path

Loan Processor II

Loan Processor III

Loan Processing Assistant Manager

Loan Processing Manager

Loan Processing Supervisor

Promotions are the fastest way to increase your earnings. As a Loan Processor II, 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 II Salary Growth and Career Path
Next Step Role	Estimate Salary	Projected Raise
Loan Processor III	$60,092	21%
Loan Processing Assistant Manager	$74,423	50%
Loan Processing Manager	$98,248	98%

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