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
48053 - 72563
25th percentile
48053
New to the role, with little or no experience; requires more than casual instruction or supervision to perform day-to-day duties
50th percentile
57405
Has the experience to consistently perform core responsibilities without direct supervision; very comfortable with processes and subject matter associated with the role
75th percentile
72563
Value to the organization goes far beyond the ability to perform normal job duties; has rare qualifications that enable consistent contribution in unique ways; ready for next career level when available
Projected salaries for related positions Position title 25th percentile 50th percentile 75th percentile Director of Operations – Financial Services 162540 199305 234135 Manager of Operations – Financial Services 113520 140933 167700 Banking Operations Specialist, 5+ Years' Experience 78045 95138 110940 Banking Operations Specialist, 3-5 Years' Experience 62888 76433 90945 Banking Operations Specialist, 1-3 Years' Experience 51923 64823 75465 Loan Administrator 41925 48375 58373 Mortgage Underwriter 77078 95138 124485 Mortgage Processor 40958 51278 69338

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