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Loan Processor in Woodbridge, 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 Woodbridge, NJ
48125 - 72500
25th percentile
48125
The candidate is new to the role and building the needed skills, experience and autonomy.
50th percentile
57500
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
72500
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 161250 197813 232188 Manager of Operations – Financial Services 110000 136563 162500 Client Service Representative 70000 101875 130000 Banking Operations Specialist 50938 76250 107500 Loan Administrator 41563 48125 58125 Mortgage Underwriter 76250 94063 123125 Mortgage Processor 40313 50625 68438 Trader/Sales Assistant 65625 80625 94063 Performance Analyst 72500 89063 109063 Explore More Salaries

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