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Loan Processor in Philadelphia, PA

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 Philadelphia, PA
44853 - 67570
25th percentile
44853
The candidate is new to the role and building the needed skills, experience and autonomy.
50th percentile
53590
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
67570
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 150285 184361 216399 Manager of Operations – Financial Services 102520 127276 151450 Client Service Representative 65240 94948 121160 Banking Operations Specialist 47474 71065 100190 Loan Administrator 38736 44853 54173 Mortgage Underwriter 71065 87666 114753 Mortgage Processor 37571 47183 63784 Trader/Sales Assistant 61163 75143 87666 Performance Analyst 67570 83006 101646 Explore More Salaries

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