How much does a Loan Processor II make in the United States? The average Loan Processor II salary in the United States is $47,185 as of August 27, 2024, but the range typically falls between $42,319 and $52,102. Salary ranges can vary widely depending on many important factors, including education, certifications, additional skills, the number of years you have spent in your profession. With more online, real-time compensation data than any other website, Salary.com helps you determine your exact pay target.
Percentile | Salary | Location | Last Updated |
10th Percentile Loan Processor II Salary | $37,890 | US | August 27, 2024 |
25th Percentile Loan Processor II Salary | $42,319 | US | August 27, 2024 |
50th Percentile Loan Processor II Salary | $47,185 | US | August 27, 2024 |
75th Percentile Loan Processor II Salary | $52,102 | US | August 27, 2024 |
90th Percentile Loan Processor II Salary | $56,578 | US | August 27, 2024 |
Each competency has five to ten behavioral assertions that can be observed, each with a corresponding performance level (from one to five) that is required for a particular job.
Customer Service: Customer service is the provision of service to customers before, during and after a purchase. The perception of success of such interactions is dependent on employees "who can adjust themselves to the personality of the guest". Customer service concerns the priority an organization assigns to customer service relative to components such as product innovation and pricing. In this sense, an organization that values good customer service may spend more money in training employees than the average organization or may proactively interview customers for feedback. From the point of view of an overall sales process engineering effort, customer service plays an important role in an organization's ability to generate income and revenue. From that perspective, customer service should be included as part of an overall approach to systematic improvement. One good customer service experience can change the entire perception a customer holds towards the organization.
Credit Reports: Credit report is a statement that has information about your credit activity and current credit situation such as loan paying history and the status of your credit accounts. It allows to check for any delinquency in past and present credit accounts.
Mortgage Lending: A mortgage loan is a secured loan that allows you to avail funds by providing an immovable asset, such as a house or commercial property, as collateral to the lender.
Skill | Salary | Demand |
---|---|---|
Loan Origination
|
$48,600 |
3%
|
Underwriting
|
$48,128 |
2%
|
Financial Services
|
$47,657 |
1%
|
Accounting
|
$47,657 |
1%
|
Written Communication
|
$47,185 |
0%
|
Written Communication
|
$47,185 |
0%
|
What Should I Pay?
Loan Processor II performs administrative tasks for loan processing. Collects and prepares necessary information required by each loan type and purpose to process and complete loan files. Being a Loan Processor II verifies all documentation for accuracy and completeness. Tracks and monitors due dates. Additionally, Loan Processor II ensures all documents are prepared and finalized in compliance with regulatory policies and procedures. Inputs and maintains all required transaction and processing records according to procedures. Responds to inquiries. Prepares required regulatory reporting. Requires a high school diploma or equivalent. Typically reports to a supervisor. The Loan Processor II works under moderate supervision. Gaining or has attained full proficiency in a specific area of discipline. To be a Loan Processor II typically requires 1-3 years of related experience. (Copyright 2024 Salary.com)... View full job description
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A career path is a sequence of jobs that leads to your short- and long-term career goals. Some follow a linear career path within one field, while others change fields periodically to achieve career or personal goals.
For Loan Processor II, the first career path typically starts with a Loan Processor III position, and then Loan Processing Supervisor.
The second career path typically progresses to Loan Processing Assistant Manager.
Additionally, the third career path typically progresses to Loan Processing Manager.
Salary.com's CompAnalyst platform offers:
Loan Processor II salary varies from city to city. Compared with national average salary of Loan Processor II, the highest Loan Processor II salary is in San Francisco, CA, where the Loan Processor II salary is 25.0% above. The lowest Loan Processor II salary is in Miami, FL, where the Loan Processor II salary is 3.5% lower than national average salary.
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Job Title | Experience | EDUCATION | Salary Compared to This Job |
---|---|---|---|
Job Title Commercial Loan Processor | Experience 1 - 3 | EducationAssociates | Salary Compared to This Job |
Job Title Consumer Loan Officer II | Experience 1 - 3 | EducationHigh School | Salary Compared to This Job |
Job Title Loan Examiner II | Experience 2 - 4 | EducationBachelors | Salary Compared to This Job |
Job Title Loan Processor I | Experience 0 - 1 | EducationHigh School | Salary Compared to This Job |
Job Title Loan Processor III | Experience 3 - 5 | EducationHigh School | Salary Compared to This Job |
Jobs with different levels of education may pay very differently. Check the Loan Processor II salary of your education level.
Geographic variations impact Loan Processor II salary levels, due to various factors, such as cost of living, industries, market demand and company budgets. Click below to see pay differences between states.
A job category is a classification or grouping of job positions that share similar characteristics, functions, or industries. Loan Processor II salary varies from category to category. Click below to see Loan Processor II salary in different categories.
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Skills associated with Loan Processor II: Quality Assurance Process, Banking Software, Loan Processing, Regulatory Reporting ...More
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