Explore H-1B visa filings for Loan Processor. View sponsoring employers, salary data from 5 filings, and approval rates from DOL public records.
| Metric | Value |
|---|---|
| Total H-1B Petitions | 5 |
| Approval Rate | 60% |
| Average Salary | $57,640 |
| Salary Range | $31,200 - $78,000 |
| Top Sponsor | R&J Capital Group, LLC |
| Primary Location | New York |
| Total Filings | 5 |
| Approval Rate | 60% |
| Average Salary | $57,640 |
| Median Salary | $65,000 |
| 25th Percentile | $49,000 |
| 75th Percentile | $65,000 |
| Minimum Salary | $31,200 |
| Maximum Salary | $78,000 |
| 10th Percentile | $31,200 |
| 25th Percentile | $49,000 |
| Median (50th) | $65,000 |
| 75th Percentile | $65,000 |
| 90th Percentile | $78,000 |
| Average | $57,640 |
| Sample Size | 5 |
| Visa Class | Filings |
|---|---|
| E-3 AUSTRALIAN | 3 |
| H-1B | 2 |
| Education Level | Filings |
|---|---|
| Not Specified | 5 |
| Employer | Filings | Avg Salary |
|---|---|---|
| R&J Capital Group, LLC | 1 | $78k |
| Sini Inc. | 1 | $49k |
| R & J Capital Group, LLC | 1 | $65k |
| EZE BREEZE LLC | 1 | $31k |
| Better Holdco, Inc. | 1 | $65k |
| State | Filings |
|---|---|
| New York | 3 |
| California | 1 |
| Nevada | 1 |
The average H-1B salary for Loan Processor is $57,640, with a median of $65,000. Salaries range from $31,200 to $78,000 across 5 DOL filings.
Top H-1B sponsors for Loan Processor include R&J Capital Group, LLC (1 filings), Sini Inc. (1 filings), R & J Capital Group, LLC (1 filings). A total of 5 companies sponsor this role.
The H-1B approval rate for Loan Processor positions is 60% across 5 filings recorded by the Department of Labor.
The states with the most H-1B filings for Loan Processor are New York (3 filings), California (1 filings), Nevada (1 filings).
Most H-1B petitions for Loan Processor require at least a Bachelor's degree in a related field. Some positions may require a Master's degree or higher, depending on the employer and specialization level.
The Loan Processor occupation (SOC code 43-413100) is classified under the Standard Occupational Classification (SOC) system maintained by the Bureau of Labor Statistics. The SOC system groups workers into occupational categories based on the type of work performed, providing a standardized framework for comparing wages, employment levels, and workforce trends across the United States.
Loan Processor positions fall within the specialty occupation category required for H-1B visa sponsorship, meaning they typically require the theoretical and practical application of a body of highly specialized knowledge and at minimum a bachelor's degree or its equivalent in the specific specialty. Based on H-1B filing data, the most common education requirement for Loan Processor positions is Not Specified (5 filings), followed by other degree levels.
Across 5 LCA filings tracked by H1BSalaryCheck, Loan Processor positions show an average offered salary of $57,640, with a range from $31,200 at the entry level to $78,000 for senior positions. The largest concentration of H-1B filings for this role is in New York (3 filings) and California (1 filings).
Career outlook for Loan Processor professionals is closely tied to industry demand for specialized skills. Employers sponsoring H-1B workers for this role are demonstrating that they could not find sufficient qualified U.S. workers to fill these positions, which often signals strong demand and competitive compensation. Workers in this occupation may also be eligible for other visa categories including L-1 intracompany transfers, O-1 extraordinary ability visas, or employment-based green card sponsorship through the PERM process.
To sponsor a foreign worker for an H-1B visa in a Loan Processor role, U.S. employers must satisfy several requirements established by the Immigration and Nationality Act (INA) and enforced by both the Department of Labor (DOL) and U.S. Citizenship and Immigration Services (USCIS):
The position must qualify as a "specialty occupation," meaning it requires the theoretical and practical application of a body of highly specialized knowledge and at minimum a bachelor's degree or its equivalent in a specific specialty directly related to the position. For Loan Processor roles, H-1B filings indicate that employers most commonly require a Not Specified degree. USCIS evaluates whether the position itself, not just the employer's preference, genuinely requires specialized education.
Employers must pay H-1B workers at least the prevailing wage for the occupation in the geographic area of employment, as determined by the DOL. The prevailing wage is based on four skill levels (Level 1 through Level 4) that reflect the complexity of the job duties and required experience. For Loan Processor positions, the average offered salary of $57,640 exceeds prevailing wages by an average of 42.1%, with 100% of filings offering above the prevailing wage.
Before filing the H-1B petition, employers must obtain a certified LCA from the DOL. The LCA requires employers to attest to four conditions: (1) paying at least the prevailing wage or actual wage, whichever is higher; (2) providing working conditions that do not adversely affect similarly employed U.S. workers; (3) no strike or lockout at the worksite; and (4) proper notice of the filing to workers. The overall LCA approval rate for Loan Processor positions is 60%.
The annual H-1B cap is set at 65,000 regular visas plus 20,000 for beneficiaries with U.S. master's degrees or higher (the "master's cap"). Certain employers, including institutions of higher education, nonprofit research organizations, and government research organizations, are exempt from the cap. Loan Processor positions at cap-exempt employers can be filed at any time during the year, while cap-subject employers must participate in the annual H-1B lottery, typically held in March for the following fiscal year.
H-1B visas are initially granted for up to three years and can be extended for a maximum of six years total. Workers who have an approved I-140 immigrant petition (part of the green card process) may be eligible for extensions beyond the six-year limit under the American Competitiveness in the Twenty-First Century Act (AC21). The average contract duration for Loan Processor H-1B filings is approximately 29 months.
Cities with the most H-1B filings for Loan Processor positions.
| City | State | Filings |
|---|---|---|
| Kew Gardens | New York | 2 |
| PICO RIVERA | California | 1 |
| Las Vegas | Nevada | 1 |
| New York | New York | 1 |