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Loan Processor in Red Bank, NJ

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 Red Bank, NJ
46200 - 69600
25th percentile
46200
The candidate is new to the role and building the needed skills, experience and autonomy.
50th percentile
55200
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
69600
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 154800 189900 222900 Manager of Operations – Financial Services 105600 131100 156000 Client Service Representative 67200 97800 124800 Banking Operations Specialist 48900 73200 103200 Loan Administrator 39900 46200 55800 Mortgage Underwriter 73200 90300 118200 Mortgage Processor 38700 48600 65700 Trader/Sales Assistant 63000 77400 90300 Performance Analyst 69600 85500 104700 Explore More Salaries

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