Home > Salary > Norway > Residential Loan Processor
A residential loan processor is responsible for facilitating the loan application process for individuals seeking to purchase or refinance a residential property. They work closely with loan officers, borrowers, and underwriters to ensure that all necessary documentation is collected and processed accurately and efficiently. Their primary duties include reviewing loan applications, verifying borrower information, ordering appraisals and title reports, preparing loan files, and coordinating with various parties involved in the loan process. Additionally, they may assist in resolving any issues or discrepancies that arise during the loan approval process.
Estimated Yearly Salary: 685,200 NOK
Estimated Monthly Salary: 57,100 NOK
Estimated Weekly Salary: 13,177 NOK per week
Estimated Hourly Salary: 329 NOK per hour
Values are pre-tax
Last revision of data: 2025-01-04
Estimated Monthly Salary: 55,349 NOK
Estimated Weekly Salary: 12,773 NOK per week
Estimated Hourly Salary: 319 NOK per hour
Last revision of data: 2024-01-03
Estimated Yearly Salary: 62,455 USD
Estimated Monthly Salary: 5,205 USD
Estimated Weekly Salary: 1,201 USD per week
Estimated Hourly Salary: 30 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: 685,200 NOK
Estimated Monthly Salary: 57,100 NOK
Estimated Weekly Salary: 13,177 NOK per week
Estimated Hourly Salary: 329 NOK per hour
By working as Residential Loan Processor a person can save up to 1,384 USD per month or 16,610 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 Norway, see costs of living in Norway.
Estimated Yearly Salary for Residential Loan Processor
Last revision of data: 2025-01-04
Data as of 2025
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Residential Loan Processor salary in Norway
Average Yearly Salary of Residential Loan Processor in Norway is approximately 685,200 NOK (62,455 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 Residential Loan Processor do?
A residential loan processor is responsible for facilitating the loan application process for individuals seeking to purchase or refinance a residential property. They work closely with loan officers, borrowers, and underwriters to ensure that all necessary documentation is collected and processed accurately and efficiently. Their primary duties include reviewing loan applications, verifying borrower information, ordering appraisals and title reports, preparing loan files, and coordinating with various parties involved in the loan process. Additionally, they may assist in resolving any issues or discrepancies that arise during the loan approval process.
Skills: residential loan processor, mortgage processing, loan application, loan documentation, loan coordination, loan approval
Job industry: Finance
Job industry: Finance
How much does Residential Loan Processor make?
Salary details
How much does Residential Loan Processor make?Estimated Yearly Salary: 685,200 NOK
Estimated Monthly Salary: 57,100 NOK
Estimated Weekly Salary: 13,177 NOK per week
Estimated Hourly Salary: 329 NOK per hour
Values are pre-tax Last revision of data: 2025-01-04Comparing salary to last year:
Estimated Yearly Salary: 664,191 NOKEstimated Monthly Salary: 55,349 NOK
Estimated Weekly Salary: 12,773 NOK per week
Estimated Hourly Salary: 319 NOK per hour
Last revision of data: 2024-01-03Residential Loan Processor estimated salary in USD
For easier comparison here is an estimated salary in USD:Estimated Yearly Salary: 62,455 USD
Estimated Monthly Salary: 5,205 USD
Estimated Weekly Salary: 1,201 USD per week
Estimated Hourly Salary: 30 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
Compare salary to other countries
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Salary comparison to National average
Norway, located in Northern Europe, is a country known for its stunning natural landscapes, including fjords, mountains, and forests. With a population of approximately 5.4 million people, it is one of the least densely populated countries in Europe. The size of Norway is around 323,802 square kilometers, making it larger than many European countries.
Estimated national average yearly salary is 977,067 NOK (95,510 USD). Value indicated is pre-tax. Below graph shows estimated Residential Loan Processor job salary compared to average salary in Norway.
Comparison shows that a person working as Residential Loan Processor in Norway earns on average:
0.7 times the average salary (or 70% of average salary).
Estimated national average yearly salary is 977,067 NOK (95,510 USD). Value indicated is pre-tax. Below graph shows estimated Residential Loan Processor job salary compared to average salary in Norway.
Comparison shows that a person working as Residential Loan Processor in Norway earns on average:
0.7 times the average salary (or 70% of average salary).
Is Residential Loan Processor a well paid job?
No, our data shows that Residential Loan Processor is typically not a well-paid job. The salary varies based on experience. Meaning that even though Residential Loan Processor might be a low paying job, with experience the salary might increase to satisfactory levels.What is considered a high salary for Residential Loan Processor?
High salary for Residential Loan Processor would be somewhere between 753,720 NOK and 993,540 NOK. However this is an estimation based on Gaussian Distribution.How much can you save working as Residential Loan Processor in Norway?
Living in Norway the approximate monthly expenses are: 3,820 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: 685,200 NOK
Estimated Monthly Salary: 57,100 NOK
Estimated Weekly Salary: 13,177 NOK per week
Estimated Hourly Salary: 329 NOK per hour
By working as Residential Loan Processor a person can save up to 1,384 USD per month or 16,610 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 Norway, see costs of living in Norway.
Salary comparison to region and neighbouring coutries
Country's neighbours are: Sweden, Finland, Russia, Denmark. To make it easier for comparison a conversion from local currency to USD has been made (conversion rates may vary).Estimated Yearly Salary for Residential Loan Processor
Sweden is 41,214 USD
Finland is 35,462 USD
Russia is 8,364 USD
Denmark is 47,772 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 Norway
(10,937,756 NOK per year, pre-tax.)
2. Cardiologist
(9,106,184 NOK per year, pre-tax.)
(8,829,745 NOK per year, pre-tax.)
4. Neurosurgeon
(8,566,101 NOK per year, pre-tax.)
(8,524,526 NOK per year, pre-tax.)
6. Oncologist
(8,361,766 NOK per year, pre-tax.)
7. Urologist
(8,317,150 NOK per year, pre-tax.)
(8,311,831 NOK per year, pre-tax.)
(8,311,163 NOK per year, pre-tax.)
(8,310,747 NOK per year, pre-tax.)
Data as of 2025Random salary:
Journeyman machinist (889,130 NOK per year, pre-tax.)
Rad technologist (850,052 NOK per year, pre-tax.)
Lifeguard (310,805 NOK per year, pre-tax.)
Reservations manager (1,034,018 NOK per year, pre-tax.)
Occupational health physician (3,390,427 NOK per year, pre-tax.)
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