How much does a Loan Servicing Clerk I make in New Jersey? The average Loan Servicing Clerk I salary in New Jersey is $42,501 as of February 26, 2024, but the range typically falls between $36,259 and $48,201. 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 Servicing Clerk I Salaries by Percentile
Percentile Salary Location Last Updated
10th Percentile Loan Servicing Clerk I Salary $30,575 NJ February 26, 2024
25th Percentile Loan Servicing Clerk I Salary $36,259 NJ February 26, 2024
50th Percentile Loan Servicing Clerk I Salary $42,501 NJ February 26, 2024
75th Percentile Loan Servicing Clerk I Salary $48,201 NJ February 26, 2024
90th Percentile Loan Servicing Clerk I Salary $53,390 NJ February 26, 2024
25% $36,259 10% $30,575 90% $53,390 75% $48,201 $42,501 50%(Median) Didn’t find job title? Click
Change Search Criteria
Check out Loan Servicing Clerk I jobs in New Jersey

General Clerk I

DEFTEC Corporation - 96860, HI

ACCOUNT CLERK I

City of Crescent City - Crescent City, CA

Member Services Clerk I

Pacific Administrators, Inc. - Honolulu, HI

Specialist - Loan Servicing

Central Pacific Bank - Honolulu, HI

What skills does a Loan Servicing Clerk I 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.

Bank Secrecy Act: The Currency and Foreign Transactions Reporting Act of 1970—which legislative framework is commonly referred to as the "Bank Secrecy Act" (BSA)—requires U.S. financial institutions to assist U.S. government agencies to detect and prevent money laundering.

Customer Service 1.09%
Commercial Loans 0.22%
Bank Secrecy Act 0.17%
Others 98.52%

Job Description for Loan Servicing Clerk I

Loan Servicing Clerk I performs routine loan servicing administrative tasks. Processes payments, disbursements, changes, and other transactions. Being a Loan Servicing Clerk I verifies the completeness and accuracy of documents. Performs calculations for distributions. Additionally, Loan Servicing Clerk I monitors escrow payments and tracks delinquencies. Researches customer and internal inquiries and delivers a response or solution. Maintains required electronic files and system inputs. Requires a high school diploma or equivalent. Typically reports to a supervisor. The Loan Servicing Clerk I works under the close direction of senior personnel in the functional area. Possesses a moderate understanding of general aspects of the job. May require 0-1 year of general work experience. (Copyright 2024 Salary.com)... View full job description

Employers: Job Description Management Tool

See user submitted job responsibilities for Loan Servicing Clerk I.

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

Job Openings for Loan Servicing Clerk I in New Jersey

Select a city to view specific salary and bonus information for Loan Servicing Clerk I

Loading results...
Location Avg. Salary Date Updated
Location Bayonne, NJ Avg. Salary $43,702 Date Updated February 26, 2024
Location Bergenfield, NJ Avg. Salary $44,474 Date Updated February 26, 2024
Location Bloomfield, NJ Avg. Salary $44,512 Date Updated February 26, 2024
Location East Brunswick, NJ Avg. Salary $43,648 Date Updated February 26, 2024
Location Hoboken, NJ Avg. Salary $45,362 Date Updated February 26, 2024
Location Irvington, NJ Avg. Salary $43,702 Date Updated February 26, 2024
Location Lakewood, NJ Avg. Salary $43,081 Date Updated February 26, 2024
Location Middlesex, NJ Avg. Salary $43,316 Date Updated February 26, 2024
Location Passaic, NJ Avg. Salary $44,512 Date Updated February 26, 2024
Location Union, NJ Avg. Salary $43,702 Date Updated February 26, 2024

Career Path for Loan Servicing Clerk I

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 Servicing Clerk I, the first career path typically starts with a Loan Servicing Clerk II position, and then progresses to Loan Servicing Supervisor.

Additionally, the second career path typically starts with a Commercial Loan Clerk position, and then progresses to Commercial Loan Clerk, Sr..

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

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 Loan Servicing Clerk I : Extraction Technician, Refinery Operator Trainee, Florist Manager

Loan Servicing Clerk I Salary in New Jersey
Loan Servicing Clerk I Salary Graph, Regional Distribution and Summary