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Loan Processor in Houston, TX

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 Houston, TX
42350 - 63800
25th percentile
42350
The candidate is new to the role and building the needed skills, experience and autonomy.
50th percentile
50600
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
63800
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 141900 174075 204325 Manager of Operations – Financial Services 96800 120175 143000 Client Service Representative 61600 89650 114400 Banking Operations Specialist 44825 67100 94600 Loan Administrator 36575 42350 51150 Mortgage Underwriter 67100 82775 108350 Mortgage Processor 35475 44550 60225 Trader/Sales Assistant 57750 70950 82775 Performance Analyst 63800 78375 95975

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