Loan Processor Jobs in Matawan, NJ

A Loan Processor in the banking industry serves as an intermediary between the potential borrower and the lending institution. They are responsible for reviewing loan applications, conducting credit research, coordinating with underwriters, and ensuring that the loans are processed in a timely manner. They assess the ability of the applicant to repay the loan, verify the information provided, and prepare documents for closing. The Loan Processor plays a key role in ensuring the smooth running of the loan approval process, that conforms with bank regulations and guidelines.

Important skills for a Loan Processor include excellent communication, attention to detail, quality customer service, and problem-solving abilities. They should be proficient in using loan processing software and have a strong understanding of banking and financial principles. Some of the certifications that could be beneficial are Certified Mortgage Loan Processor (NAMP-CMLP) and FHA Direct Endorsement (DE) Underwriting certification. Prior to becoming a Loan Processor, an individual might have roles such as Loan Officer Assistant, Credit Analyst, or Customer Service Representative in a banking or financial institution.

1-4 of 4 Jobs

Senior Associate, Loan Operations

  • Union, NJ (19 miles from Matawan, NJ)
  • 16 hours ago
  • Union, NJ (19 miles from Matawan, NJ)
  • 16 hours ago

As a leading financial services and healthcare technology company based on revenue, SS&C is headquartered in Windsor, Connecticut, and has 27,000+ employees in 35 countries. Some 20,000 financial...

Consumer Loan Processor

  • Newark, NJ (22 miles from Matawan, NJ)
  • 6 days ago
  • Newark, NJ (22 miles from Matawan, NJ)
  • 6 days ago

The Consumer Loan Processor provides support and coordination for Consumer Lending under the direction of the Processing Team Lead....

Indirect Loan Processor

  • Basking Ridge, NJ (24 miles from Matawan, NJ)
  • 20 days ago
  • Basking Ridge, NJ (24 miles from Matawan, NJ)
  • 20 days ago

Ensure loan documentation is complete and complies with credit union policies. Connect with indirect business partners via email or phone on the progress of the loan....

Junior Loan Processor

  • Sea Girt, NJ (22 miles from Matawan, NJ)
  • 26 days ago
  • Sea Girt, NJ (22 miles from Matawan, NJ)
  • 26 days ago

We are building our capacity by hiring a junior mortgage loan processor for our highly productive and skilled lending team....

Demographic Data for Matawan, NJ

Moving to Matawan, NJ? Find some basic demographic data about Matawan, NJ below.


Local
National
31,915
843
Medium

Loan Processor Online Courses and Training Opportunities

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Loan Processing
Processing a loan can be a complex endeavor. The most common loans offered by mortgage lenders include conventional conforming, conventional nonconforming, FHA, VA, and subprime loans. For most...
Loan Processing: Underwriting
Underwriting is the fourth step in processing a loan. It's what happens behind the scenes once you submit your application. It's one of the most critical steps, because the underwriter makes the...
Loan Processing: The Decision
So far, in our series on loan processing, we've covered taking the application, verifying that data, compliance regulations, and underwriting the loan. For the final step, we're going to talk...

Salary for Loan Processor Jobs in Matawan, NJ

Estimated salary range based on data from US Bureau of Labor Statistics (BLS) and iHireBanking research efforts.

Highest Education Level

Loan Processors in Matawan, NJ offer the following education background
Bachelor's Degree
35.7%
High School or GED
22.9%
Associate's Degree
14.9%
Vocational Degree or Certification
11.8%
Master's Degree
11.0%
Some College
2.4%
Doctorate Degree
0.9%
Some High School
0.5%

Average Work Experience
Here's a breakdown of the number of years' experience offered by Loan Processors in Matawan, NJ
2-4 years
30.6%
Less than 1 year
23.9%
6-8 years
13.6%
None
12.9%
4-6 years
12.3%
1-2 years
6.7%



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