How much does a Loan Servicing Clerk II make in Middlesex, NJ? The average Loan Servicing Clerk II salary in Middlesex, NJ is $47,590 as of February 26, 2024, but the range typically falls between $42,049 and $53,703. 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. 

Loan Servicing Clerk II Salaries by Percentile
Percentile Salary Location Last Updated
10th Percentile Loan Servicing Clerk II Salary $37,005 Middlesex,NJ February 26, 2024
25th Percentile Loan Servicing Clerk II Salary $42,049 Middlesex,NJ February 26, 2024
50th Percentile Loan Servicing Clerk II Salary $47,590 Middlesex,NJ February 26, 2024
75th Percentile Loan Servicing Clerk II Salary $53,703 Middlesex,NJ February 26, 2024
90th Percentile Loan Servicing Clerk II Salary $59,269 Middlesex,NJ February 26, 2024
25% $42,049 10% $37,005 90% $59,269 75% $53,703 $47,590 50%(Median) Didn’t find job title? Click
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What skills does a Loan Servicing Clerk 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.

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 8.46%
Commercial Loans 1.73%
Bank Secrecy Act 1.3%
Others 88.51%

Job Description for Loan Servicing Clerk II

Loan Servicing Clerk II performs routine loan servicing administrative tasks. Processes payments, disbursements, changes, and other transactions. Being a Loan Servicing Clerk II verifies the completeness and accuracy of documents. Performs calculations for distributions. Additionally, Loan Servicing Clerk II 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 II works under moderate supervision. Gaining or has attained full proficiency in a specific area of discipline. To be a Loan Servicing Clerk 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 Servicing Clerk II in Middlesex, NJ

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

Additionally, the second career path typically progresses to Commercial Loan Clerk, Sr..

Those that have already made the climb...
Pamela J. Shelley-Kessler, Co-President, Chief Financial Officer and Corporate Secretary
LTC is a real estate investment trust (REIT) investing in seniors housing and health care properties primarily through sale-leasebacks, mortgage financing, joint-ventures and structured finance solutions including preferred equity and mezzanine lending. LTC's investment portfolio includes 208 properties in 27 states wi... More
Fiscal Year Ended in 2022
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Loan Servicing Clerk II salary varies from city to city. Compared with national average salary of Loan Servicing Clerk II, the highest Loan Servicing Clerk II salary is in San Francisco, CA, where the Loan Servicing Clerk II salary is 25.0% above. The lowest Loan Servicing Clerk II salary is in Miami, FL, where the Loan Servicing Clerk II 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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Average Base Salary

Core compensation

 
 
 
42049
53703
47590

Average Total Cash Compensation

Includes base and annual incentives

 
 
 
42875
55964
49452
These charts show the average base salary (core compensation), as well as the average total cash compensation for the job of Loan Servicing Clerk II in Middlesex, NJ. The base salary for Loan Servicing Clerk II ranges from $42,049 to $53,703 with the average base salary of $47,590. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $42,875 to $55,964 with the average total cash compensation of $49,452.
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42049
53703

 

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About Middlesex, New Jersey    Middlesex is a borough in Middlesex County, New Jersey, United States. As of the 2010 United States Census, the borough's population was 13,635 reflec....More

Middlesex, New Jersey  area prices were up 1.5% from a year ago    View the Cost of Living in Middlesex, New Jersey

Loan Servicing Clerk II Salary in popular cities: NewarkJersey CityPaterson

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