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Loan Processor in Boston, MA

Loan Processor Job Description

Companies look for loan processors with one to three years of related experience and a high school diploma or the equivalent. Strong communication and collaboration skills are preferred.

Typical loan processor duties:

Processing loan applicationsExplaining loan and disclosure terms to clientsEnsuring that all loan conditions are met before a loan is fundedVerifying that regulatory and/or loan disclosures have been sent to clientsKeeping the processing system up-to-dateCoordinating funding with settlement agents and clientsProviding updates to clients with loans in process

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Salary for Loan Processor in Boston, MA
51205 - 77140
25th percentile
51205
The candidate is new to the role and building the needed skills, experience and autonomy.
50th percentile
61180
The candidate has the experience to perform core responsibilities without direct supervision and is comfortable with the role’s processes and subject matter.
75th percentile
77140
The candidate delivers value beyond the stated job duties, has advanced qualifications and experience, and is ready for the next career level.
Projected salaries for related positions Position title 25th percentile 50th percentile 75th percentile Director of Operations – Financial Services 171570 210473 247048 Manager of Operations – Financial Services 117040 145303 172900 Client Service Representative 74480 108395 138320 Banking Operations Specialist 54198 81130 114380 Loan Administrator 44223 51205 61845 Mortgage Underwriter 81130 100083 131005 Mortgage Processor 42893 53865 72818 Trader/Sales Assistant 69825 85785 100083 Performance Analyst 77140 94763 116043 Explore More Salaries

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