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Loan Processor in White Plains, NY

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 White Plains, NY
49280 - 74240
25th percentile
49280
The candidate is new to the role and building the needed skills, experience and autonomy.
50th percentile
58880
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
74240
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 165120 202560 237760 Manager of Operations – Financial Services 112640 139840 166400 Client Service Representative 71680 104320 133120 Banking Operations Specialist 52160 78080 110080 Loan Administrator 42560 49280 59520 Mortgage Underwriter 78080 96320 126080 Mortgage Processor 41280 51840 70080 Trader/Sales Assistant 67200 82560 96320 Performance Analyst 74240 91200 111680 Explore More Salaries

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