How much does a Loan Processor III make in Altavista, VA? The average Loan Processor III salary in Altavista, VA is $49,067 as of February 26, 2024, but the range typically falls between $43,405 and $54,969. 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. 

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Loan Processor III Salaries by Percentile
Percentile Salary Location Last Updated
10th Percentile Loan Processor III Salary $38,250 Altavista,VA February 26, 2024
25th Percentile Loan Processor III Salary $43,405 Altavista,VA February 26, 2024
50th Percentile Loan Processor III Salary $49,067 Altavista,VA February 26, 2024
75th Percentile Loan Processor III Salary $54,969 Altavista,VA February 26, 2024
90th Percentile Loan Processor III Salary $60,343 Altavista,VA February 26, 2024
25% $43,405 10% $38,250 90% $60,343 75% $54,969 $49,067 50%(Median) Didn’t find job title? Click
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What skills does a Loan Processor III 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.

Commercial Loans: A commercial loan is a debt-based funding arrangement between a business and a financial institution such as a bank. It is typically used to fund major capital expenditures and/or cover operational costs that the company may otherwise be unable to afford.

3.

Consumer Loans: a consumer loan is any type of loan made to a consumer by a creditor. The loan can be secured (backed by the assets of the borrower) or unsecured (not backed by the assets of the borrower).

Customer Service 12.58%
Commercial Loans 0.96%
Consumer Loans 1.76%
Others 84.7%

Job Description for Loan Processor III

Loan Processor III 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 III verifies all documentation for accuracy and completeness. Tracks and monitors due dates. Additionally, Loan Processor III 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. Typically reports to a supervisor. The Loan Processor III works independently within established procedures associated with the specific job function. Has gained proficiency in multiple competencies relevant to the job. To be a Loan Processor III typically requires 3-5 years of related experience. (Copyright 2024 Salary.com)... View full job description

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Job Openings for Loan Processor III in Altavista, VA

Career Path for Loan Processor III

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 III, the first career path typically progresses to 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.

Those that have already made the climb...
John D. Rainey, Former Chief Financial Officer and EVP, Global Customer Operations
PayPal Holdings, Inc. operates a technology platform that enables digital payments on behalf of merchants and consumers worldwide. The company provides payment solutions under the PayPal, PayPal Credit, Braintree, Venmo, Xoom, PayPal Zettle, Hyperwallet, PayPal Honey, and Paidy names. Its payments platform allows consu... More
Fiscal Year Ended in 2022
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Loan Processor III salary varies from city to city. Compared with national average salary of Loan Processor III, the highest Loan Processor III salary is in San Francisco, CA, where the Loan Processor III salary is 25.0% above. The lowest Loan Processor III salary is in Miami, FL, where the Loan Processor III salary is 2.9% lower than national average salary.

City, State Compared to national average
City, State San Francisco, CA Compared to national average
+ 25.0%
City, State Washington, DC Compared to national average
+ 11.3%
City, State Miami, FL Compared to national average
-2.9%
City, State Chicago, IL Compared to national average
+ 5.5%
City, State Boston, MA Compared to national average
+ 12.7%
City, State New York, NY Compared to national average
+ 17.5%
City, State Dallas, TX Compared to national average
-0.7%

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Understand the total compensation opportunity for a Loan Processor III, base salary plus other pay elements

Average Base Salary

Core compensation

 
 
 
43405
54969
49067

Average Total Cash Compensation

Includes base and annual incentives

 
 
 
44823
58087
51158
These charts show the average base salary (core compensation), as well as the average total cash compensation for the job of Loan Processor III in Altavista, VA. The base salary for Loan Processor III ranges from $43,405 to $54,969 with the average base salary of $49,067. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $44,823 to $58,087 with the average total cash compensation of $51,158.
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43405
54969

 

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About Altavista, Virginia    Altavista is an incorporated town in Campbell County, Virginia, United States. The population was 3,450 at the 2010 census. It is part of the Lynchbur....More

Altavista, Virginia  area prices were up 1.2% from a year ago    View the Cost of Living in Altavista, Virginia

Loan Processor III Salary in popular cities: Virginia BeachNorfolkChesapeake

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