Home > Salary > Ethiopia > Senior Loan Processor
A senior loan processor is responsible for managing and overseeing the loan application process from start to finish. They work closely with borrowers, loan officers, underwriters, and other stakeholders to ensure that all necessary documentation is collected, verified, and processed accurately and efficiently. Their duties include reviewing loan applications, analyzing creditworthiness, verifying income and employment information, ordering and reviewing appraisals and title reports, preparing loan disclosures, coordinating with third-party vendors, and ensuring compliance with regulatory requirements. A senior loan processor also acts as a point of contact for borrowers, providing updates on the status of their loan application and addressing any questions or concerns they may have. This role requires strong attention to detail, excellent communication and organizational skills, and a thorough understanding of mortgage lending processes.
Estimated Yearly Salary: 103,640 ETB
Estimated Monthly Salary: 8,637 ETB
Estimated Weekly Salary: 1,993 ETB per week
Estimated Hourly Salary: 50 ETB per hour
Values are pre-tax
Last revision of data: 2025-01-04
Estimated Monthly Salary: 8,370 ETB
Estimated Weekly Salary: 1,932 ETB per week
Estimated Hourly Salary: 48 ETB per hour
Last revision of data: 2024-01-03
Estimated Yearly Salary: 1,732 USD
Estimated Monthly Salary: 144 USD
Estimated Weekly Salary: 33 USD per week
Estimated Hourly Salary: 1 USD per hour
Difference in salary year over year or average salary increase is approximately
3 %
Data confidence is - relatively high
Data fetched from dabase: 14 submissions.
Results are anonymized. Amounts indicated are pre-tax, meaning no deductionts yet have been made to the basic salary. Salaries where there are less than 3 entries are not displayed.
Want to check how your salary compares? Submit your own salary here
Estimated Yearly Salary: 103,640 ETB
Estimated Monthly Salary: 8,637 ETB
Estimated Weekly Salary: 1,993 ETB per week
Estimated Hourly Salary: 50 ETB per hour
By working as Senior Loan Processor a person can save up to 68 USD per month or 810 USD yearly. Values are pre-tax.
NOTE: These values are estimates and are averaged for the whole country. Furthermore the value is likely exaggerated as no other expenses are taken into account in the projection. Unessential expenses are very subjective and are difficult to assess. Most likely the previously estimated number is significantly lower for majority of people. Expenses in different cities across the country may vary. Above values accuracy is low and is based on limited set of data obtained.
For more information regarding expenses in Ethiopia, see costs of living in Ethiopia.
Estimated Yearly Salary for Senior Loan Processor
Last revision of data: 2025-01-04
Data as of 2025
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Senior Loan Processor salary in Ethiopia
Average Yearly Salary of Senior Loan Processor in Ethiopia is approximately 103,640 ETB (1,732 USD). Data is for 2025 and indicates a pre-tax value. The salary itself depends on multiple factors such as seniority, job performance, certifications, experience or any other bonuses. The value indicated is an average amount based on records we have in database. Real values may vary. The data is for orientational purposes.
What does Senior Loan Processor do?
A senior loan processor is responsible for managing and overseeing the loan application process from start to finish. They work closely with borrowers, loan officers, underwriters, and other stakeholders to ensure that all necessary documentation is collected, verified, and processed accurately and efficiently. Their duties include reviewing loan applications, analyzing creditworthiness, verifying income and employment information, ordering and reviewing appraisals and title reports, preparing loan disclosures, coordinating with third-party vendors, and ensuring compliance with regulatory requirements. A senior loan processor also acts as a point of contact for borrowers, providing updates on the status of their loan application and addressing any questions or concerns they may have. This role requires strong attention to detail, excellent communication and organizational skills, and a thorough understanding of mortgage lending processes.
Skills: senior loan processor, loan processing, mortgage lending, loan application, financial services, compliance
Job industry: Finance
Job industry: Finance
How much does Senior Loan Processor make?
Salary details
How much does Senior Loan Processor make?Estimated Yearly Salary: 103,640 ETB
Estimated Monthly Salary: 8,637 ETB
Estimated Weekly Salary: 1,993 ETB per week
Estimated Hourly Salary: 50 ETB per hour
Values are pre-tax Last revision of data: 2025-01-04Comparing salary to last year:
Estimated Yearly Salary: 100,440 ETBEstimated Monthly Salary: 8,370 ETB
Estimated Weekly Salary: 1,932 ETB per week
Estimated Hourly Salary: 48 ETB per hour
Last revision of data: 2024-01-03Senior Loan Processor estimated salary in USD
For easier comparison here is an estimated salary in USD:Estimated Yearly Salary: 1,732 USD
Estimated Monthly Salary: 144 USD
Estimated Weekly Salary: 33 USD per week
Estimated Hourly Salary: 1 USD per hour
Difference in salary year over year or average salary increase is approximately
3 %About these results
Data confidence is - relatively high Data fetched from dabase: 14 submissions.
Results are anonymized. Amounts indicated are pre-tax, meaning no deductionts yet have been made to the basic salary. Salaries where there are less than 3 entries are not displayed.
Want to check how your salary compares? Submit your own salary here
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Salary comparison to National average
Ethiopia is a landlocked country located in the Horn of Africa. With a population of over 114 million people, it is the second-most populous country in Africa. Covering an area of approximately 1.1 million square kilometers, Ethiopia is the 27th largest country in the world. It shares borders with Eritrea to the north, Sudan to the west, South Sudan to the southwest, Kenya to the south, Somalia to the east, and Djibouti to the northeast.
Estimated national average yearly salary is 105,216 ETB (1,920 USD). Value indicated is pre-tax. Below graph shows estimated Senior Loan Processor job salary compared to average salary in Ethiopia.
Comparison shows that a person working as Senior Loan Processor in Ethiopia earns on average:
0.99 times the average salary (or 99% of average salary).
Estimated national average yearly salary is 105,216 ETB (1,920 USD). Value indicated is pre-tax. Below graph shows estimated Senior Loan Processor job salary compared to average salary in Ethiopia.
Comparison shows that a person working as Senior Loan Processor in Ethiopia earns on average:
0.99 times the average salary (or 99% of average salary).
Is Senior Loan Processor a well paid job?
Yes, our data show that Senior Loan Processor is an averagely well paid job that still allows for some yearly savings. With years and experience the salary might increase even further, resulting in higher satisfaction.What is considered a high salary for Senior Loan Processor?
High salary for Senior Loan Processor would be somewhere between 114,004 ETB and 150,278 ETB. However this is an estimation based on Gaussian Distribution.How much can you save working as Senior Loan Processor in Ethiopia?
Living in Ethiopia the approximate monthly expenses are: 77 USD. This amount covers basic needs such as food, housing, clothing, healthcare and education costs for a single person. No luxury expenses such as traveling, leisure, hobbies are included in the estimation.Estimated Yearly Salary: 103,640 ETB
Estimated Monthly Salary: 8,637 ETB
Estimated Weekly Salary: 1,993 ETB per week
Estimated Hourly Salary: 50 ETB per hour
By working as Senior Loan Processor a person can save up to 68 USD per month or 810 USD yearly. Values are pre-tax.
NOTE: These values are estimates and are averaged for the whole country. Furthermore the value is likely exaggerated as no other expenses are taken into account in the projection. Unessential expenses are very subjective and are difficult to assess. Most likely the previously estimated number is significantly lower for majority of people. Expenses in different cities across the country may vary. Above values accuracy is low and is based on limited set of data obtained.
For more information regarding expenses in Ethiopia, see costs of living in Ethiopia.
Salary comparison to region and neighbouring coutries
Country's neighbours are: Djibouti, Eritrea, Sudan, South Sudan, Kenya, Somalia. To make it easier for comparison a conversion from local currency to USD has been made (conversion rates may vary).Estimated Yearly Salary for Senior Loan Processor
Sudan is 686 USD
Kenya is 5,409 USD Last revision of data: 2025-01-04Salary increase per years of experience
Based on data available the salary increase per years of experience is as following- 0 years (beginner) equals base salary
- 1 to 5 years of experience yields
+12% salary increase- 6 to 10 years of experience yields
+25% salary increase- 11 to 15 years of experience yields
+16% salary increase- 16 to 25 years of experience yields
+9% salary increase- more than 25 years of experience yields
+10% salary increaseTop 10 highest salaries in Ethiopia
(1,198,707 ETB per year, pre-tax.)
2. Cardiologist
(998,053 ETB per year, pre-tax.)
(968,024 ETB per year, pre-tax.)
4. Neurosurgeon
(937,399 ETB per year, pre-tax.)
(935,134 ETB per year, pre-tax.)
(915,448 ETB per year, pre-tax.)
7. Oncologist
(913,122 ETB per year, pre-tax.)
(912,301 ETB per year, pre-tax.)
(911,770 ETB per year, pre-tax.)
10. Dermatologist
(911,678 ETB per year, pre-tax.)
Data as of 2025Random salary:
Admissions representative (75,365 ETB per year, pre-tax.)
Document control specialist (64,158 ETB per year, pre-tax.)
Reverse logistics manager (142,157 ETB per year, pre-tax.)
Senior trader bonds (254,179 ETB per year, pre-tax.)
Columnist (184,128 ETB per year, pre-tax.)
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