How much does a Loan Processor II make in Maryland? The average Loan Processor II salary in Maryland is $47,437 as of February 26, 2024, but the range typically falls between $42,370 and $53,448. 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.

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Loan Processor II Salaries by Percentile
Percentile Salary Location Last Updated
10th Percentile Loan Processor II Salary $37,757 MD February 26, 2024
25th Percentile Loan Processor II Salary $42,370 MD February 26, 2024
50th Percentile Loan Processor II Salary $47,437 MD February 26, 2024
75th Percentile Loan Processor II Salary $53,448 MD February 26, 2024
90th Percentile Loan Processor II Salary $58,921 MD February 26, 2024
25% $42,370 10% $37,757 90% $58,921 75% $53,448 $47,437 50%(Median) Didn’t find job title? Click
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What skills does a Loan Processor II 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.

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.

3.

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.

Customer Service 9.75%
Credit Reports 1.89%
Mortgage Lending 1.28%
Others 87.08%

Job Description for Loan Processor II

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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Job Openings for Loan Processor II in Maryland

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Location Avg. Salary Date Updated
Location Dundalk, MD Avg. Salary $47,296 Date Updated February 26, 2024
Location Abell, MD Avg. Salary $50,986 Date Updated February 26, 2024
Location Aberdeen, MD Avg. Salary $46,443 Date Updated February 26, 2024
Location Aberdeen Proving Ground, MD Avg. Salary $46,703 Date Updated February 26, 2024
Location Abingdon, MD Avg. Salary $46,442 Date Updated February 26, 2024
Location Accident, MD Avg. Salary $42,217 Date Updated February 26, 2024
Location Accokeek, MD Avg. Salary $51,124 Date Updated February 26, 2024
Location Adamstown, MD Avg. Salary $50,006 Date Updated February 26, 2024
Location Allen, MD Avg. Salary $48,911 Date Updated February 26, 2024
Location Andrews Air Force Base, MD Avg. Salary $51,200 Date Updated February 26, 2024

Career Path for Loan Processor II

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.

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Loan Processor II Salary in Maryland
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