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Loan Processor in Melbourne, FL

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 Melbourne, FL
35805 - 53940
25th percentile
35805
The candidate is new to the role and building the needed skills, experience and autonomy.
50th percentile
42780
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
53940
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 119970 147173 172748 Manager of Operations – Financial Services 81840 101603 120900 Client Service Representative 52080 75795 96720 Banking Operations Specialist 37898 56730 79980 Loan Administrator 30923 35805 43245 Mortgage Underwriter 56730 69983 91605 Mortgage Processor 29993 37665 50918 Trader/Sales Assistant 48825 59985 69983 Performance Analyst 53940 66263 81143

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