Loan Processor
Interview loan applicants to elicit information; investigate applicants' backgrounds and verify references; prepare loan request papers; and forward findings, reports, and documents to appraisal department. Review loan papers to ensure completeness, and complete transactions between loan establishment, borrowers, and sellers upon approval of loan.
At a Glance
Loan Processor earns an average of $39,520/yr. Typical education: High school or GED. Experience: 2.5–2.7 years. Top skills: Loans, Mortgage Loans, Underwriting.
$39,520/yr
High school or GED
2.5–2.7 years
35
Parent Occupation (O*NET)
Loan Interviewers and Clerks
Median Wage
$48,950/yr
Growth (2024-34)
-2.3%
Education
High school diploma or equivalent
Skills & Requirements
Specialized Skills (16)
Loans
Mortgage Loans
Underwriting
Loan Processing
Loan Origination
Loan Documentation
ICE Mortgage Technology Encompass
Lifting Ability
Appraisals
Tax Returns
Liens
Accounting
Mortgage Loan Processing
Real Estate
Balancing (Ledger/Billing)
Banking
Common Skills (14)
Customer Service
Communication
Detail Oriented
Sales
Operations
Prioritization
Ability To Meet Deadlines
Microsoft Office
Problem Solving
Interpersonal Communications
Related Specializations
Other specialized occupations in this field. Many share overlapping skills, making lateral moves more accessible.
Related Pages
Frequently Asked Questions
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