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

A Loan Processor Assistant's salary grows with experience: a Loan Processor Assistant (0-1 years)earns $45,622, a Loan Processor II (1-3 years)earns $51,087, a Loan Processor III (3-5 years)earns $61,865, a Loan Processing Supervisor (5+ years)earns $66,865,

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

Loan Processor Assistant salary varies significantly by state. The top 3 highest paying states for Loan Processor Assistant roles are District of Columbia $48,849, California $48,664, Massachusetts $48,015. These tech hubs typically pay 10-15% above the national average.

How much do different types of Loan Processor Assistant roles make?

Salaries for Loan Processor Assistant 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.

Loan Processor Assistant Salary in Rhode Island

How much does a Loan Processor Assistant make in Rhode Island?

As of May 18, 2021, the average salary for a Loan Processor Assistant in Rhode Island is $46,061 per year, which breaks down to an hourly rate of $22.

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

Top Earners (90th percentile): $52,313
Majority Range (25th-75th percentile): $42,814 to $49,333
Entry-Level (10th percentile): $39,859

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Loan Processor Assistant Salaries by Percentile

	Annual Salary	Monthly Pay	Weekly Pay	Hourly Wage
75th Percentile	$49,333	$4,111	$949	$24
Average	$46,061	$3,838	$886	$22
25th Percentile	$42,814	$3,568	$823	$21

You may get higher pay by adjusting the following factors:

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Check out Loan Processor Assistant Job Openings in Rhode Island

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Fidelity TalentSource LLC - Smithfield, RI

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Key Factors That Influence Loan Processor Assistant Salaries

A Loan Processor Assistant'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 Do Loan Processor Assistant 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 Assistants. For example, consider the average annual salaries in these key locations:

District of Columbia: $48,849.
California: $48,664.
Massachusetts: $48,015.

District of Columbia $48,849 California $48,664 Massachusetts $48,015 Washington $47,839 New Jersey $47,821 Alaska $47,759 Connecticut $47,151 New York $46,904

Hawaii $46,114 Rhode Island $45,743 Maryland $45,492 Minnesota $45,148 Colorado $45,015 Illinois $44,971 Oregon $44,803 Delaware $44,680

New Hampshire $44,602 Virginia $44,428 Pennsylvania $43,921 Nevada $43,665 North Dakota $43,581 Michigan $43,449 Wisconsin $43,400 Vermont $43,303

Texas $43,034 Maine $43,017 Arizona $42,990 Ohio $42,959 Georgia $42,553 Indiana $42,350 Wyoming $42,311 Utah $42,249

Iowa $42,222 Kansas $42,011 Louisiana $41,949 North Carolina $41,927 Missouri $41,918 Florida $41,746 Montana $41,653 Nebraska $41,565

Kentucky $41,517 South Carolina $41,340 Tennessee $41,230 Idaho $41,186 New Mexico $40,864 Oklahoma $40,793 Alabama $40,533 South Dakota $40,096

Arkansas $39,858 West Virginia $39,730 Mississippi $39,346

Top Paying Cities for Loan Processor Assistants

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:

Adamsville: $46,493
Albion: $45,721
Ashaway: $46,670

Adamsville, RI $46,493 Albion, RI $45,721 Ashaway, RI $46,670 Barrington, RI $45,721 Block Island, RI $46,427 Bradford, RI $46,639 Bristol, RI $45,677 Carolina, RI $46,259

Charlestown, RI $46,308 Chepachet, RI $45,633 Clayville, RI $45,677 Coventry, RI $45,633 West Greenwich, RI $45,602 East Greenwich, RI $45,664 Exeter, RI $46,639 Fiskeville, RI $45,721

Forestdale, RI $45,677 Foster, RI $45,602 Glendale, RI $45,602 Greene, RI $46,114 Greenville, RI $45,721 Harmony, RI $45,708 Harrisville, RI $45,633 Hope, RI $45,721

Hope Valley, RI $46,670 Hopkinton, RI $46,683 Jamestown, RI $46,215 Kenyon, RI $46,626 Little Compton, RI $46,476 Manville, RI $45,721 Mapleville, RI $45,602 Newport, RI $46,224

Middletown, RI $46,418 North Kingstown, RI $45,589 North Scituate, RI $45,708 Oakland, RI $45,646 Pascoag, RI $45,620 Pawtucket, RI $45,721 Central Falls, RI $45,721 Cumberland, RI $45,721

Lincoln, RI $45,721 Portsmouth, RI $46,039 Prudence Island, RI $45,633 Rockville, RI $46,683 Saunderstown, RI $46,242 Shannock, RI $46,612 Slatersville, RI $45,677 Slocum, RI $46,242

Tiverton, RI $46,506 Wakefield, RI $46,193 Kingston, RI $46,202 Narragansett, RI $46,211 Peace Dale, RI $46,193 Warren, RI $45,708 Warwick, RI $45,721 Westerly, RI $46,696

West Kingston, RI $46,228 West Warwick, RI $45,721 Wood River Junction, RI $46,639 Woonsocket, RI $45,677 North Smithfield, RI $45,708 Wyoming, RI $46,626 Providence, RI $45,721 Cranston, RI $45,721

North Providence, RI $45,721 East Providence, RI $45,721 Riverside, RI $45,721 Rumford, RI $45,721 Smithfield, RI $45,721 Johnston, RI $45,721

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

Understanding how a Loan Processor Assistant'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

$42,814

Average $46,061/year

$49,333

$3,568

Average $3,838/month

$4,111

$823

Average $886/week

$949

$21

Average $22/hour

$24

	Annual Salary	Monthly Pay	Weekly Pay	Hourly Wage
75th Percentile	$49,333	$4,111	$949	$24
Average	$46,061	$3,838	$886	$22
25th Percentile	$42,814	$3,568	$823	$21

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