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Loan Processor in Indianapolis, IN

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 Indianapolis, IN
37345 - 56260
25th percentile
37345
The candidate is new to the role and building the needed skills, experience and autonomy.
50th percentile
44620
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
56260
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 125130 153503 180178 Manager of Operations – Financial Services 85360 105973 126100 Client Service Representative 54320 79055 100880 Banking Operations Specialist 39528 59170 83420 Loan Administrator 32253 37345 45105 Mortgage Underwriter 59170 72993 95545 Mortgage Processor 31283 39285 53108 Trader/Sales Assistant 50925 62565 72993 Performance Analyst 56260 69113 84633

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