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

A Loan Processing Assistant's salary grows with experience: a Loan Processing Assistant (0-1 years)earns $44,621, a Loan Processor II (1-3 years)earns $49,966, a Loan Processor III (3-5 years)earns $60,507, a Loan Processing Supervisor (5+ years)earns $65,397,

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

Loan Processing Assistant salary varies significantly by state. The top 3 highest paying states for Loan Processing Assistant roles are District of Columbia $48,314, California $48,130, Massachusetts $47,489. These tech hubs typically pay 10-15% above the national average.

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

Salaries for Loan Processing Assistant level roles vary by specialization: Loan Processing Manager: $96,796; Processing Assistant: $85,509; Business Loan Processing Manager: $73,400; Commercial Loan Processing Manager: $73,330; Loan Processing Assistant Manager: $73,323.

Loan Processing Assistant Salary in Delaware

How much does a Loan Processing Assistant make in Delaware?

As of May 18, 2021, the average salary for a Loan Processing Assistant in Delaware is $44,290 per year, which breaks down to an hourly rate of $21.

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

Top Earners (90th percentile): $49,948
Majority Range (25th-75th percentile): $40,871 to $47,252
Entry-Level (10th percentile): $37,758

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Loan Processing Assistant Salaries by Percentile

	Annual Salary	Monthly Pay	Weekly Pay	Hourly Wage
75th Percentile	$47,252	$3,938	$909	$23
Average	$44,290	$3,691	$852	$21
25th Percentile	$40,871	$3,406	$786	$20

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Key Factors That Influence Loan Processing Assistant Salaries

A Loan Processing 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 Processing 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 Processing Assistants. For example, consider the average annual salaries in these key locations:

District of Columbia: $48,314.
California: $48,130.
Massachusetts: $47,489.

District of Columbia $48,314 California $48,130 Massachusetts $47,489 Washington $47,314 New Jersey $47,297 Alaska $47,236 Connecticut $46,634 New York $46,389

Hawaii $45,608 Rhode Island $45,242 Maryland $44,993 Minnesota $44,653 Colorado $44,522 Illinois $44,478 Oregon $44,312 Delaware $44,190

New Hampshire $44,113 Virginia $43,941 Pennsylvania $43,440 Nevada $43,186 North Dakota $43,104 Michigan $42,973 Wisconsin $42,925 Vermont $42,829

Texas $42,562 Maine $42,545 Arizona $42,519 Ohio $42,488 Georgia $42,087 Indiana $41,886 Wyoming $41,847 Utah $41,786

Iowa $41,760 Kansas $41,550 Louisiana $41,489 North Carolina $41,467 Missouri $41,459 Florida $41,288 Montana $41,197 Nebraska $41,109

Kentucky $41,061 South Carolina $40,887 Tennessee $40,778 Idaho $40,734 New Mexico $40,416 Oklahoma $40,346 Alabama $40,088 South Dakota $39,656

Arkansas $39,421 West Virginia $39,294 Mississippi $38,915

Top Paying Cities for Loan Processing 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:

Lincoln: $45,735
Little Creek: $45,312
Magnolia: $45,499

Lincoln, DE $45,735 Little Creek, DE $45,312 Magnolia, DE $45,499 Milford, DE $45,735 Marydel, DE $45,141 Millsboro, DE $45,735 Millville, DE $46,040 Milton, DE $45,735

Nassau, DE $45,735 Ocean View, DE $46,040 Rehoboth Beach, DE $46,040 Seaford, DE $45,255 Selbyville, DE $46,040 Smyrna, DE $45,089 Viola, DE $45,499 Woodside, DE $45,368

Bear, DE $44,757 Newark, DE $44,775 Claymont, DE $44,810 Delaware City, DE $44,775 Hockessin, DE $44,810 Kirkwood, DE $44,775 Middletown, DE $44,997 Montchanin, DE $44,810

New Castle, DE $44,810 Odessa, DE $45,058 Port Penn, DE $44,653 Rockland, DE $44,810 Saint Georges, DE $44,775 Townsend, DE $44,993 Winterthur, DE $44,810 Lewes, DE $45,735

Wilmington, DE $44,810 Dover, DE $45,290 Dover Afb, DE $45,394 Bethany Beach, DE $46,040 Bethel, DE $45,255 Bridgeville, DE $45,735 Camden Wyoming, DE $45,338 Cheswold, DE $45,185

Clayton, DE $45,072 Dagsboro, DE $46,040 Delmar, DE $45,255 Ellendale, DE $45,735 Felton, DE $45,735 Fenwick Island, DE $46,040 Frankford, DE $46,040 Frederica, DE $45,735

Georgetown, DE $45,735 Greenwood, DE $45,735 Harbeson, DE $45,735 Harrington, DE $45,735 Hartly, DE $45,050 Houston, DE $45,735 Kenton, DE $45,072 Laurel, DE $45,255

Yorklyn, DE $44,810

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

Understanding how a Loan Processing 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

$40,871

Average $44,290/year

$47,252

$3,406

Average $3,691/month

$3,938

$786

Average $852/week

$909

$20

Average $21/hour

$23

	Annual Salary	Monthly Pay	Weekly Pay	Hourly Wage
75th Percentile	$47,252	$3,938	$909	$23
Average	$44,290	$3,691	$852	$21
25th Percentile	$40,871	$3,406	$786	$20

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