Loan Processor Salaries & Top Paying Companies in Los Angeles, CA

Position

City

Salary

How much does a Loan Processor make in Los Angeles, CA?

The average salary for a Loan Processor is $59,740 per year in Los Angeles, CA.

Graph depicting the yearly salary distribution for Loan Processor jobs in Los Angeles, CA, showing an average salary of $59,740 with varying distribution percentages across salary ranges.

Graph depicting the monthly salary distribution for Loan Processor jobs in Los Angeles, CA, showing an average salary of $4,978 with varying distribution percentages across salary ranges.

Graph depicting the weekly salary distribution for Loan Processor jobs in Los Angeles, CA, showing an average salary of $1,149 with varying distribution percentages across salary ranges.

Graph depicting the hourly salary distribution for Loan Processor jobs in Los Angeles, CA, showing an average salary of $29 with varying distribution percentages across salary ranges.

In Los Angeles, California, Loan Processors earn a strong salary. On average, they make about $59,740 a year. This is a solid income for someone in this role. The average helps people understand what to expect when they start working in this field.

The salary for Loan Processors in Los Angeles can vary. Some make less than $45,000, while others earn more than $92,500. Most fall somewhere in between these numbers. A few key factors can influence salary. These include experience, skills, and the company they work for. People with more experience and better skills often earn more. Larger companies may also offer higher pay.

What are the highest paying cities for a Loan Processor near Los Angeles, CA?

Loan Processors in El Segundo, California, often earn the highest salaries near Los Angeles. A job seeker in this role can expect to make about $188,200 per year on average. Cities like Pasadena, Glendale, and Hawthorne also offer competitive wages, but El Segundo leads the way. Each city provides good opportunities for Loan Processors, with Glendale and Hawthorne offering over $57,000 annually. This range makes the Los Angeles area an attractive location for those seeking career growth and higher earnings.

Graph displaying highest paying cities salaries for Loan Processor jobs near Los Angeles, CA, highlighting El Segundo, CA with the highest at $188,200 and Hawthorne, CA with the lowest at $56,750.

El Segundo, CA
Average Salary: $188,200
Working in El Segundo, you can expect to collaborate with major aerospace and defense companies. These firms often need loan processing for their employees' mortgages and financing needs. The tech-savvy environment offers growth and learning opportunities.
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Pasadena, CA
Average Salary: $60,599
In Pasadena, you'll find a mix of small businesses and large corporations. Many local banks and credit unions need skilled loan processors. The area’s vibrant community adds to the work experience, offering a pleasant place to live and work.
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Glendale, CA
Average Salary: $57,766
Glendale is home to various industries, including finance and real estate. Here, loan processors work with local banks and financial institutions. The diverse population and economic activity make Glendale a dynamic place to start or advance your career.
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Hawthorne, CA
Average Salary: $56,750
Hawthorne offers opportunities in aerospace and aviation sectors. Companies in this field often require loan processing for their employees and projects. Working here means being part of an industry that drives innovation and technology.
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What are the best paying companies for a Loan Processor in Los Angeles, CA?

Job seekers in Los Angeles, CA, aiming for a role as a Loan Processor can consider companies like Accenture and Ascent Solutions. Both offer above-average salaries and a chance to work in a dynamic environment. Ascent Solutions provides a slightly lower salary but remains competitive in the market. City National Bank, Lendistry, and Open Bank also provide attractive compensation packages for Loan Processors. Hanmi Bank, PCB Bank, and Royal Business Bank, while offering solid benefits, present lower average salaries compared to other top employers in the region.

Graph displaying best paying company salaries for Loan Processor jobs in Los Angeles, CA, highlighting Accenture with the highest at $68,820 and Royal Business Bank with the lowest at $51,387.

Accenture
Average Salary: $68,820
Accenture offers exciting opportunities for Loan Processors in Los Angeles. They provide top-notch training and career growth. The company operates multiple locations across the city, including downtown and Century City.
Ascent Solutions
Average Salary: $63,303
Ascent Solutions is a leader in the financial services industry. They provide Loan Processor jobs with a focus on career advancement. Ascent Solutions has offices in downtown Los Angeles and Culver City.
City National Bank
Average Salary: $62,045
City National Bank values Loan Processors who can handle complex tasks. They offer a supportive work environment with opportunities for growth. The bank has branches throughout Los Angeles, including Beverly Hills and Pasadena.
Lendistry
Average Salary: $58,000
Lendistry offers innovative Loan Processor roles in a dynamic work environment. They focus on modern lending solutions. The company has offices in downtown Los Angeles and Santa Monica.
Open Bank
Average Salary: $56,683
Open Bank provides Loan Processor jobs with a focus on customer service excellence. They offer competitive salaries and benefits. Their offices are located in downtown Los Angeles and West Hollywood.
Hanmi Bank
Average Salary: $56,315
Hanmi Bank offers Loan Processor jobs with a strong emphasis on teamwork. They provide opportunities for professional development. The bank operates multiple locations in Los Angeles, including Koreatown and Glendale.
PCB Bank
Average Salary: $51,517
PCB Bank provides Loan Processor roles with a focus on community banking. They offer a family-friendly work environment. Their branches are located in the Los Angeles area, including Long Beach and Torrance.
Royal Business Bank
Average Salary: $51,387
Royal Business Bank offers Loan Processor jobs with a focus on customer-centric services. They provide a supportive work culture. The bank has locations in Los Angeles, including Downtown and Burbank.

What are the best paying Loan Processor related jobs in Los Angeles, CA?

Job seekers in Los Angeles, CA, interested in the loan processing field will find attractive opportunities. Positions like Processing Manager and Underwriter offer high salaries, with Processing Manager topping the list at $114,908 annually. Funding Specialist and Credit Analyst roles also provide competitive pay, making them excellent choices for those in this industry.

Graph displaying best paying related job salaries for Loan Processor jobs near Los Angeles, CA, highlighting Processing Manager with the highest at $114,908 and Collections Specialist with the lowest at $56,302.

Processing Manager
Average Salary: $114,908
Processing Managers oversee the loan processing teams in financial institutions. They ensure that all loan applications follow the company’s procedures. Managers work closely with loan processors and other staff to maintain efficiency and accuracy.
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Underwriter
Average Salary: $103,971
Underwriters evaluate the risk of lending money to potential borrowers. They review loan applications to decide which clients are good candidates for loans. Many major banks and credit unions in Los Angeles offer these roles.
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Funding Specialist
Average Salary: $103,940
Funding Specialists work to make sure loans close on time. They handle the final steps to ensure borrowers receive their funds. These specialists collaborate with different departments to facilitate smooth loan closings.
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Credit Analyst
Average Salary: $81,784
Credit Analysts assess the creditworthiness of loan applicants. They analyze financial information to determine the likelihood of repayment. These professionals are crucial in making informed lending decisions.
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Mortgage Loan Originator
Average Salary: $76,489
Mortgage Loan Originators help clients apply for mortgage loans. They explain loan options and guide applicants through the process. Originators work directly with clients to understand their needs and secure the best deals.
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Post Closer
Average Salary: $71,807
Post Closers handle the final steps of the loan process. They ensure all documents are in order before closing the loan. This role is essential for the timely disbursement of loan funds.
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Loan Servicing Specialist
Average Salary: $61,947
Loan Servicing Specialists manage loans after they close. They handle payments, communicate with borrowers, and address any issues. These specialists play a key role in maintaining good relationships with clients.
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Collections Specialist
Average Salary: $56,302
Collections Specialists focus on recovering unpaid loans. They contact borrowers to collect overdue payments. This role requires strong communication skills and the ability to handle difficult situations.
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Loan Processor Salary in Los Angeles, CA

How much does a Loan Processor make in Los Angeles, CA?

What are the highest paying cities for a Loan Processor near Los Angeles, CA?

What are the best paying companies for a Loan Processor in Los Angeles, CA?

Currently 483 Loan Processor job openings, nationwide.

How's the job market for a Loan Processor in the US?

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