Loan Processor Salary In California
The average loan processor salary in California is $36,735, according to Indeed data. Loan processors in California make an average of $31,869 per year. Loan processors are among the most well-paid staff at financial institutions and businesses such as mortgage companies and credit unions. Loan processors are responsible for processing the paperwork needed to approve a loan or mortgage application, from initial request to final approval. They typically work on a team with other staff members who perform similar tasks.
Loan Processor Salary In California
Annual Salary | Monthly Pay | Weekly Pay | Hourly Wage | |
|---|---|---|---|---|
| Top Earners | $69,528 | $5,794 | $1,337 | $33 |
| 75th Percentile | $56,616 | $4,718 | $1,088 | $27 |
| Average | $53,908 | $4,492 | $1,036 | $26 |
| 25th Percentile | $37,247 | $3,103 | $716 | $18 |
How much does a LOAN Processor make in California?
As of Jun 20, 2022, the average annual pay for a LOAN Processor in California is $53,909 a year. Just in case you need a simple salary calculator, that works out to be approximately $25.92 an hour. This is the equivalent of $1,037/week or $4,492/month.
While ZipRecruiter is seeing salaries as high as $82,441 and as low as $22,349, the majority of LOAN Processor salaries currently range between $37,247 (25th percentile) to $56,616 (75th percentile) with top earners (90th percentile) making $69,528 annually in California.
The average pay range for a LOAN Processor varies greatly (as much as $19,369), which suggests there may be many opportunities for advancement and increased pay based on skill level, location and years of experience.
Based on recent job posting activity on ZipRecruiter, the LOAN Processor job market in California is not very active as few companies are currently hiring.
California ranks number 2 out of 50 states nationwide for LOAN Processor salaries.
To estimate the most accurate annual salary range for LOAN Processor jobs, ZipRecruiter continuously scans its database of millions of active jobs published locally throughout America.
Find your next high paying job as a LOAN Processor on ZipRecruiter today.
What are Top 10 Highest Paying Cities for LOAN Processor Jobs in California
We’ve identified 10 cities where the typical salary for a LOAN Processor job is above the average in California. Topping the list is Santa Clara, with San Francisco and Fremont close behind in second and third. Fremont beats the California average by 8.0%, and Santa Clara furthers that trend with another $7,772 (14.4%) above the $53,909.
With these 10 cities paying on average above the average for California, the opportunities for economic advancement by changing locations as a LOAN Processor appears to be exceedingly fruitful.
Finally, another factor to consider is the average salary for these top 10 cities varies very little at 13% between Santa Clara and West Covina, reinforcing the limited potential for much wage advancement. The possibility of a lower cost of living may be the best factor to use when considering location and salary for a LOAN Processor role.
| City | Annual Salary | Monthly Pay | Weekly Pay | Hourly Wage |
|---|---|---|---|---|
| Santa Clara | $61,680 | $5,140 | $1,186 | $29.65 |
| San Francisco | $59,695 | $4,975 | $1,148 | $28.70 |
| Fremont | $58,244 | $4,854 | $1,120 | $28.00 |
| San Jose | $56,383 | $4,699 | $1,084 | $27.11 |
| Oakland | $55,830 | $4,653 | $1,074 | $26.84 |
| Sunnyvale | $55,033 | $4,586 | $1,058 | $26.46 |
| Hayward | $54,765 | $4,564 | $1,053 | $26.33 |
| Santa Maria | $54,559 | $4,547 | $1,049 | $26.23 |
| Vallejo | $54,276 | $4,523 | $1,044 | $26.09 |
| West Covina | $54,015 | $4,501 | $1,039 | $25.97 |
What are Top 5 Best Paying Related LOAN Processor Jobs in California
We found at least 5 jobs related to the LOAN Processor job category that pay more per year than a typical LOAN Processor salary in California. Top examples of these roles include: Senior Commercial LOAN Officer, Senior LOAN Officer, and Senior Loan Signing Agent.
Importantly, all of these jobs are paid between $36,361 (67.4%) and $64,770 (120.1%) more than the average LOAN Processor salary of $53,909. If you’re qualified, getting hired for one of these related LOAN Processor jobs may help you make more money than that of the average LOAN Processor position.
| Job Title | Annual Salary | Monthly Pay | Weekly Pay | Hourly Wage |
|---|---|---|---|---|
| Senior Commercial LOAN Officer | $118,679 | $9,890 | $2,282 | $57.06 |
| Senior LOAN Officer | $112,776 | $9,398 | $2,169 | $54.22 |
| Senior Loan Signing Agent | $101,131 | $8,428 | $1,945 | $48.62 |
| Business Loans | $91,173 | $7,598 | $1,753 | $43.83 |
| Loan Review Manager | $90,270 | $7,522 | $1,736 | $43.40 |
