Retail Loan Processor Salaries in Passaic, NJ
How Much Does a Retail Loan Processor Make in Passaic, NJ?
Updated December 01, 2024
As of December 01, 2024,
the average annual pay of Retail Loan Processor in Passaic, NJ is $53,198.
While Salary.com is seeing that Retail Loan Processor salary in Passaic, NJ can go up to $73,045
or down to $34,753, but most earn between $43,544 and $63,587.
Salary ranges can vary widely depending on many important factors,
including education, certifications, additional skills, and your experience levels.
With more online, real-time compensation data than any other website, Salary.com helps you determine your exact pay target.
Related Job Titles to Retail Loan Processor
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Similar Job Salaries to Retail Loan Processor by Company
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| Company | average base salary in (usd) | range |
|---|---|---|
|
Petra Cephas: Residential Mortgage Brokers
Mortgage Loan Processor
|
$74,095/yr
|
RANGE: $63,313 - $84,877
|
|
RKV Staffing
Loan Officer Assistant/Processor
|
$72,719/yr
|
RANGE: $62,621 - $82,816
|
|
Mutual of Omaha Mortgage
Mortgage Loan Processor - Reverse
|
$76,794/yr
|
RANGE: $65,115 - $88,472
|
|
Sea View Mortgage
Loan Officer/Processor Assistant
|
$72,144/yr
|
RANGE: $62,126 - $82,162
|
|
Greenville Federal
Retail Loan Processor
|
$63,263/yr
|
RANGE: $54,038 - $72,488
|
|
The Stephenson National Bank & Trust
Retail Loan Processor
|
$66,138/yr
|
RANGE: $56,141 - $76,134
|
|
TD
Consumer Loan Processor III - Home Equity
|
$66,470/yr
|
RANGE: $57,221 - $75,719
|
|
Sandia Area
Loan processor
|
$60,014/yr
|
RANGE: $51,680 - $68,347
|
What Does a Retail Loan Processor Do?
LOs also get paid commission for closing loans and processors may get an hourly and also bonuses for closings lots of loans each month.
Updated December 03, 2021
In a nutshell, the loan originator hustles to bring in new borrowers and the loan processor hustles to get the loans funded, while both may irritate the underwriter in the process.
Updated November 05, 2021
Employ at least one individual who is licensed as a mortgage loan originator who does not engage in the origination of mortgage loans and who has been assigned supervision and instruction duties with respect to individuals employed as loan processors or loan underwriters.
Updated December 22, 2021
Some loan processors can work from a home office, as long as they are available to clients during the process.
Updated December 22, 2021
Assuming the loan is approved, the processor will receive a list of prior-to-document conditions (PTDs) that must be met before loan documents are released by the bank.
Updated December 21, 2021
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Explore JobArchitectFrequently Asked Questions About a Retail Loan Processor Salaries
What is the average of a Retail Loan Processor in Passaic, NJ?
The Retail Loan Processor salary range is from $43,544 to $63,587, and the average Retail Loan Processor salary is $53,198/year in Passaic, NJ.
The Retail Loan Processor's salary will change in different locations.
Which location pays the highest Retail Loan Processor salary in the United States?
The Retail Loan Processor salary in San Jose, CA is $58,005
which is the highest in the US.
What kinds of reasons will influence the Retail Loan Processor's salary?
Besides the location, employees' education degree, related skills, and work experience also will influence the salary.
Try to improve your skills and experience to get a higher salary for the position of Retail Loan Processor.
What is the growth rate of the Retail Loan Processor's salary?
If you are thinking of becoming a Retail Loan Processor or planning the next step in your career, find the detailed salary report of a Retail Loan Processor.
