Consumer loan processors earned average salaries of $55,208 in 2024, according to Glassdoor.com. Salaries ranged from $46,000 to $67,000 or more.
Mortgage loan processors earned average annual salaries of $42,203 in 2025, according to PayScale.com. The lowest paid 10 percent made $32,323 or less, while the highest paid 10 percent earned $55,266 or more.
Some loan processors receive commissions, but pay structure varies by employer. For example, a processor may receive a base salary, plus a commission on every completed loan, or they may receive a base salary, plus a bonus for processing a certain number of loans per months. In 2024, consumer loan processors received average additional cash compensation of up to $6,000, according to Glassdoor.com. Loan processors sometimes also receive loan processing fees.
Full-time loan processors receive fringe benefits such as medical, dental, and life insurance and paid holidays, vacations, and sick days.
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