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Loan Processor in Raleigh, NC

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 Raleigh, NC
39848 - 60030
25th percentile
39848
The candidate is new to the role and building the needed skills, experience and autonomy.
50th percentile
47610
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
60030
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 133515 163789 192251 Manager of Operations – Financial Services 91080 113074 134550 Client Service Representative 57960 84353 107640 Banking Operations Specialist 42176 63135 89010 Loan Administrator 34414 39848 48128 Mortgage Underwriter 63135 77884 101948 Mortgage Processor 33379 41918 56666 Trader/Sales Assistant 54338 66758 77884 Performance Analyst 60030 73744 90304

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