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Loan Processor in Stamford, CT

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 Stamford, CT
50050 - 75400
25th percentile
50050
The candidate is new to the role and building the needed skills, experience and autonomy.
50th percentile
59800
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
75400
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 167700 205725 241475 Manager of Operations – Financial Services 114400 142025 169000 Client Service Representative 72800 105950 135200 Banking Operations Specialist 52975 79300 111800 Loan Administrator 43225 50050 60450 Mortgage Underwriter 79300 97825 128050 Mortgage Processor 41925 52650 71175 Trader/Sales Assistant 68250 83850 97825 Performance Analyst 75400 92625 113425 Explore More Salaries

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