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Loan Processor in Seattle, WA

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 Seattle, WA
49665 - 74820
25th percentile
49665
The candidate is new to the role and building the needed skills, experience and autonomy.
50th percentile
59340
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
74820
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 166410 204143 239618 Manager of Operations – Financial Services 113520 140933 167700 Client Service Representative 72240 105135 134160 Banking Operations Specialist 52568 78690 110940 Loan Administrator 42893 49665 59985 Mortgage Underwriter 78690 97073 127065 Mortgage Processor 41603 52245 70628 Trader/Sales Assistant 67725 83205 97073 Performance Analyst 74820 91913 112553

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