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Loan Processor Salaries

How much does a Loan Processor make in Providence, RI?

Total pay range
US$52K - US$74K/yr
US$62K/yrMedian total pay
Pay breakdown
US$49K - US$68K/yrBase pay
US$3K - US$6K/yrAdditional pay
About our data
Confident
Last updated 10 Apr 202515 Salaries submitted
The “Most Likely Range” reflects values within the 25th and 75th percentile of all pay data available for this role. Glassdoor salaries are powered by our proprietary machine learning model, which utilises salaries collected from our users and the latest government data to make pay predictions.
How do we calculate pay?
How accurate is an average base pay range of US$49K-US$68K/yr?
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Hi all. First time posting here. Looking for advice! What steps are recommended to become an insurance underwriter? I’m working on my third year in the insurance business and I’ve already jumped around from Service to an agent assistant and now a sales agent.

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Top paying industries

The top paying industry for a Loan Processor in Providence, RI is Finance with a median total pay of US$57,006.
The top paying company in Finance for Loan Processor is Semper Home Loans.

Finance

US$57,006

Finance

The top paying company in Finance for Loan Processor is Semper Home Loans.

Recent salaries shared by Loan Processor

Location

1 salaries

Job title | Years of Experience
Total Pay
Location
Date submitted
Job title | Years of Experience
Location
Date submitted
Total Pay
Base • Additional pay
Anonymously share your salary to help the community.
Loan Processor
1-3 Years
€28K - €32K/yr
Bray, Wicklow

submitted on 28 Aug 2020

€28K - €32K/yr

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Frequently asked questions about Loan Processor salaries

The average salary for a Loan Processor is US$61,971 per year or US$30 per hour in Providence, RI, which is 109% higher than the national average. Top earners have reported making up to US$86,658 (90th percentile). However, the typical pay range in Providence, RI is between US$52,148 (25th percentile) and US$73,986 (75th percentile) annually. Salary estimates are based on 15 salaries submitted anonymously to Glassdoor by Loan Processor employees in Providence, RI as of June 2026.
The highest salary for a Loan Processor in Providence, RI is US$73,986 per year, US$6,165 per month or US$36 per hour.
The lowest salary for a Loan Processor in Providence, RI is US$52,148 per year, US$4,346 per month or US$25 per hour.
Loan processors earn salaries similar to those of tellers, insurance sales agents, and tax examiners. Salaries are expected to remain steady. While both businesses and individuals will continue to seek credit seek for commercial investments and personal spending, the decline of branch banks will tame demand. Successful loan processors can move into bank branch manager positions.
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Loan processors can be considered high earners. According to anonymous Glassdoor reviews, 87% of employees are satisfied with their salary in this field. This role is competitive and offers many opportunities for career and education progression.
Choose industry-specific skills to increase your chance of getting onto the career ladder as a loan processor. Salaries often begin around $44,687.71 and increase up to $86,657.80 with experience. For each level of seniority, you'll need to master additional skills and build a considerable amount of experience. Senior roles, such as senior loan processor, often come with a higher earning potential.
A career as a loan processor is competitive, so it pays to begin by focusing on developing specific financial skills. You can choose an industry specialization once you have earned your bachelor's degree and gained working experience to further increase your salary. For example, choose to focus on developing property lending skills if you want to work for a mortgage broker or business lending for professional loans. You could choose to study for a master's degree, which isn't compulsory for career progression, but could earn you more opportunities sooner than without a degree.
As with all careers, arm yourself with knowledge and data about this role before you start negotiations. Loan processors are in demand, so you should check if you're paid fairly by comparing the salary for your loan processor job with others in your area. Prove you're worth the salary increase by showing your boss proof of your working knowledge in areas such as loan documentation, servicing, and compliance. If you've previously taken on more responsibilities in your role, point this out by explaining what you did and the results of your hard work.
About 86.67% of Loan Processor professionals feel satisfied with their salary, according to anonymous Glassdoor ratings. An additional €4,094 in potential pay per year, among other factors, can qualify the annual pay of a Loan Processor in Providence, RI as a good salary.
Loan Processor professionals in Providence, RI have a wide total pay range, between €44,688 and €86,658 depending on experience, with an estimated total pay of €61,971 following the average career path of a Loan Processor.
Salaries >Loan Processor >Providence, RI