How much does a Loan Processor III make in New York? The average Loan Processor III salary in New York is $57,430 as of April 24, 2024, but the range typically falls between $50,798 and $64,336. 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.

Loan Processor III Salaries by Percentile
Percentile Salary Location Last Updated
10th Percentile Loan Processor III Salary $44,760 NY April 24, 2024
25th Percentile Loan Processor III Salary $50,798 NY April 24, 2024
50th Percentile Loan Processor III Salary $57,430 NY April 24, 2024
75th Percentile Loan Processor III Salary $64,336 NY April 24, 2024
90th Percentile Loan Processor III Salary $70,624 NY April 24, 2024
25% $50,798 10% $44,760 90% $70,624 75% $64,336 $57,430 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 New York
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Select a city to view specific salary and bonus information for Loan Processor III

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Location Avg. Salary Date Updated
Location Brentwood, NY Avg. Salary $58,992 Date Updated April 24, 2024
Location Clay, NY Avg. Salary $53,551 Date Updated April 24, 2024
Location Henrietta, NY Avg. Salary $53,012 Date Updated April 24, 2024
Location Huntington, NY Avg. Salary $61,416 Date Updated April 24, 2024
Location Levittown, NY Avg. Salary $59,100 Date Updated April 24, 2024
Location Nassau, NY Avg. Salary $59,100 Date Updated April 24, 2024
Location New Suffolk, NY Avg. Salary $58,292 Date Updated April 24, 2024
Location Accord, NY Avg. Salary $57,537 Date Updated April 24, 2024
Location Acra, NY Avg. Salary $54,736 Date Updated April 24, 2024
Location Adams, NY Avg. Salary $53,281 Date Updated April 24, 2024

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.

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Loan Processor III Salary in New York
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