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Real Estate Loan Processor Salary in Passaic, NJ

How much does a Real Estate Loan Processor make in Passaic, NJ? The salary range for a Real Estate Loan Processor job is from $104,707 to $150,873 per year in Passaic, NJ. Click on the filter to check out Real Estate Loan Processor job salaries by hourly, weekly, biweekly, semimonthly, monthly, and yearly.

Average base salary
updated at December 01, 2024
$128,228
Per Year
The average salary for a Real Estate Loan Processor is $128,228
per Year in Passaic, NJ.
Individually reported data submitted by users of our website

HOW SHOULD YOU USE THIS DATA?

Employees: Use this as a guide for salary expectations, but be aware that responsibilities can change across companies for the same job title, so there may be differences between this data, other free site and our subscription products bought by employers.

Employers: This data could be used as reference point in your market pricing, but not the only source, due to differences across jobs locations, and sizes of companies.Consider additional sources like our Employer reported data.

Base Salary
$104,707
$128,228
Medium
$150,873

Highest Paying Cities for Real Estate Loan Processor near Passaic, NJ

We list eight cities that pay high wages to Real Estate Loan Processor near Passaic. The salary difference may cause by many reasons, such as the cost of living. The competition will also be fiercer where wages are high. Click the city name to learn more about the Real Estate Loan Processor pay level in these cities.

States with Higher Salaries for Real Estate Loan Processor

Here are the top five states that pay the highest Real Estate Loan Processor salary in the United States. District of Columbia takes first place with the highest Real Estate Loan Processor salary is $123,994 per Year. California and New Jersey take the second and third place with $122,880 per Year and $122,100 per Year in the list. A higher average Real Estate Loan Processor salary indicates a higher cost of living too.

How Much Do Similar Professions Get Paid in Passaic, NJ?

The following job titles have similar responsibilities as a Real Estate Loan Processor. However, the different job titles may have different salaries. Learn each job, and finger out the most suitable position with the highest wage for you in your city.
Real Estate Processor
Average salary
United States
$114,553
per Year
Real Estate Title Processor
Average salary
United States
$114,553
per Year
Real Estate Loan Officer
Average salary
United States
$103,684
per Year
Chief Commercial Real Estate Loan Executive
Average salary
United States
$396,500
per Year
Loan Officer, Entry - Commercial Real Estate
Average salary
United States
$102,240
per Year
Loan Officer, Senior - Commercial Real Estate
Average salary
United States
$174,540
per Year

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What Does a Real Estate Loan Processor Do?

The loan processor gathers all the necessary documentation required to receive the loan, including employment verification, bank statements, monthly bills and other income information, if applicable.

December 21, 2021

The Bank Training Center offers multiple loan processor training courses that will teach additional principles and strategies.

December 17, 2021

Our mortgage loan processor training programs will give you the insider knowledge you need to provide your customers with the best possible mortgage experience.

December 14, 2021

Just like underwriters and loan officers, mortgage processors are a crucial part of the mortgage process.

December 13, 2021

To earn this certification, the loan processor must complete at least 24 hours of training broken down into four areas: 1) basic loan processing, 2)  advanced loan processing, 3) underwriting basics and processing federal housing administration (FHA) and 4) veteran’s affairs (VA) loans.

December 12, 2021

Most Common Benefits for Real Estate Loan Processor

Social Security
Healthcare
401(k)
Pension
Disability
Time Off (days)

Frequently Asked Questions

Common questions about salaries for a Real Estate Loan Processor
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The loan processor gathers all the necessary documentation required to receive the loan, including employment verification, bank statements, monthly bills and other income information, if applicable.
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Explore our personal salary report to know the Real Estate Loan Processor market value in Passaic, NJ. And find out if any places are having a higher Real Estate Loan Processor salary.
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The average salary of a Real Estate Loan Processor is $128,228 in Passaic, NJ.
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