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Senior Loan Processor salary in United Kingdom

Average Yearly Salary of Senior Loan Processor in United Kingdom is approximately 34,312 GBP (40,590 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?

occupation personasA 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


How much does Senior Loan Processor make?

Salary details
How much does Senior Loan Processor make?
Estimated Yearly Salary: 34,312 GBP
Estimated Monthly Salary: 2,859 GBP
Estimated Weekly Salary: 660 GBP per week
Estimated Hourly Salary: 16 GBP per hour
Values are pre-tax
Last revision of data: 2025-01-04

Comparing salary to last year:
Estimated Yearly Salary: 33,230 GBP
Estimated Monthly Salary: 2,769 GBP
Estimated Weekly Salary: 639 GBP per week
Estimated Hourly Salary: 16 GBP per hour
Last revision of data: 2024-04-12



Senior Loan Processor estimated salary in USD
For easier comparison here is an estimated salary in USD:
Estimated Yearly Salary: 40,590 USD
Estimated Monthly Salary: 3,383 USD
Estimated Weekly Salary: 781 USD per week
Estimated Hourly Salary: 20 USD per hour


Difference in salary year over year or average salary increase is approximately up arrow 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.

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Salary comparison to National average

The United Kingdom, also known as the UK, is a country located in northwestern Europe. It consists of four countries: England, Scotland, Wales, and Northern Ireland. With a population of approximately 66 million people, it is the fifth-largest economy in the world. The UK covers an area of around 93,600 square miles, making it the 78th largest country by size.

Estimated national average yearly salary is 41,537 GBP (48,890 USD). Value indicated is pre-tax. Below graph shows estimated Senior Loan Processor job salary compared to average salary in United Kingdom.
Comparison shows that a person working as Senior Loan Processor in United Kingdom earns on average:
0.83 times the average salary (or 83% 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 37,743 GBP and 49,752 GBP. However this is an estimation based on Gaussian Distribution.

How much can you save working as Senior Loan Processor in United Kingdom?

Living in United Kingdom the approximate monthly expenses are: 1,956 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: 34,312 GBP
Estimated Monthly Salary: 2,859 GBP
Estimated Weekly Salary: 660 GBP per week
Estimated Hourly Salary: 16 GBP per hour
By working as Senior Loan Processor a person can save up to 1,427 USD per month or 17,123 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 United Kingdom, see costs of living in United Kingdom.

Salary comparison to region and neighbouring coutries

Country's neighbours are: Ireland.
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

Ireland is 73,375 USDup arrow 81%
Details on Senior Loan Processor salary in Ireland
Last revision of data: 2025-01-04

Salary 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 up arrow+12% salary increase
    6 to 10 years of experience yields up arrow+25% salary increase
    11 to 15 years of experience yields up arrow+16% salary increase
    16 to 25 years of experience yields up arrow+9% salary increase
    more than 25 years of experience yields up arrow+10% salary increase
NOTE: Details based on limited set of data. Percentages may vary. The salary increase over years of experience can vary widely based on factors such as job industry, job role, location, company size, and individual performance. To gain even larger increase in salary one is advised to switch jobs and / or employer.

Top 10 highest salaries in United Kingdom

(906,313 GBP per year, pre-tax.)
(398,557 GBP per year, pre-tax.)
(396,499 GBP per year, pre-tax.)
(332,162 GBP per year, pre-tax.)
(330,298 GBP per year, pre-tax.)
(320,143 GBP per year, pre-tax.)
(319,848 GBP per year, pre-tax.)
(310,506 GBP per year, pre-tax.)
(309,585 GBP per year, pre-tax.)
(309,338 GBP per year, pre-tax.)

Data as of 2025

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