How much does a Commercial Loan Processor make in New Jersey? The average Commercial Loan Processor salary in New Jersey is $56,817 as of February 26, 2024, but the range typically falls between $49,650 and $66,635. Salary ranges can vary widely depending on the city and many other important factors, including education, certifications, additional skills, the number of years you have spent in your profession.

Commercial Loan Processor Salaries by Percentile
Percentile Salary Location Last Updated
10th Percentile Commercial Loan Processor Salary $43,124 NJ February 26, 2024
25th Percentile Commercial Loan Processor Salary $49,650 NJ February 26, 2024
50th Percentile Commercial Loan Processor Salary $56,817 NJ February 26, 2024
75th Percentile Commercial Loan Processor Salary $66,635 NJ February 26, 2024
90th Percentile Commercial Loan Processor Salary $75,574 NJ February 26, 2024
25% $49,650 10% $43,124 90% $75,574 75% $66,635 $56,817 50%(Median) Didn’t find job title? Click
Change Search Criteria

What skills does a Commercial Loan Processor need?

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.

1.

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.

2.

General Ledger: Creating and keeping track of business transactions and activities to monitor financial operations.

3.

Employee Assistance Programs: Assisting employees with work-related problems that may impact their job performance, health, mental and emotional well-being.

Customer Service 4.68%
General Ledger 1.84%
Employee Assistance Programs 1.3%
Others 92.18%

Job Description for Commercial Loan Processor

Commercial Loan Processor performs administrative tasks for commercial loan processing. Coordinates with lenders, customers, and external vendors to collect and prepare all required documentation for closings. Being a Commercial Loan Processor ensures that loan packages are complete, and documentation correctly prepared within required timelines. Inputs and maintains all required transaction and processing records according to procedures. Additionally, Commercial Loan Processor responds to inquiries. Prepares required regulatory reporting. May require an associate degree. Typically reports to a supervisor. The Commercial Loan Processor works under moderate supervision. Gaining or has attained full proficiency in a specific area of discipline. To be a Commercial Loan Processor typically requires 1-3 years of related experience. (Copyright 2024 Salary.com)... View full job description

Employers: Job Description Management Tool

See user submitted job responsibilities for Commercial Loan Processor.

Salary.com job board provides millions of Commercial Loan Processor information for you to search for. Click on search button below to see Commercial Loan Processor job openings or enter a new job title here.

Job Openings for Commercial Loan Processor in New Jersey

Select a city to view specific salary and bonus information for Commercial Loan Processor

Loading results...
Location Avg. Salary Date Updated
Location Bayonne, NJ Avg. Salary $58,422 Date Updated February 26, 2024
Location Bergenfield, NJ Avg. Salary $59,454 Date Updated February 26, 2024
Location Bloomfield, NJ Avg. Salary $59,506 Date Updated February 26, 2024
Location East Brunswick, NJ Avg. Salary $58,350 Date Updated February 26, 2024
Location Hoboken, NJ Avg. Salary $60,641 Date Updated February 26, 2024
Location Irvington, NJ Avg. Salary $58,422 Date Updated February 26, 2024
Location Lakewood, NJ Avg. Salary $57,592 Date Updated February 26, 2024
Location Middlesex, NJ Avg. Salary $57,906 Date Updated February 26, 2024
Location Passaic, NJ Avg. Salary $59,506 Date Updated February 26, 2024
Location Union, NJ Avg. Salary $58,422 Date Updated February 26, 2024

Career Path for Commercial Loan Processor

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 Commercial Loan Processor, 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.

Not the job you're looking for? Search more salaries here:
See if your skills match up? Check skills for Commercial Loan Processor

Are you an HR manager or compensation specialist?

Salary.com's CompAnalyst platform offers:

  • Detailed skills and competency reports for specific positions
  • Job and employee pricing reports
  • Compensation data tools, salary structures, surveys and benchmarks.
Learn about CompAnalyst

Jobs with a similar salary range to Commercial Loan Processor : Junior Processor, Cyber Crime Investigator

Commercial Loan Processor Salary in New Jersey
Commercial Loan Processor Salary Graph, Regional Distribution and Summary