Loan Processor Jobs in Paramus, 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.

1-15 of 18 Jobs

Junior Loan Operations Specialist

  • New York City, NY (16 miles from Paramus, NJ)
  • 3 days ago
  • New York City, NY (16 miles from Paramus, NJ)
  • 3 days ago

The Bank is a New York State chartered commercial bank, a member of the Federal Reserve System and the Federal Deposit Insurance Corporation, and an equal housing lender....

Remote Work

Residential Loan Processor II

  • Garden City Park, NY (24 miles from Paramus, NJ)
  • 7 days ago
  • Garden City Park, NY (24 miles from Paramus, NJ)
  • 7 days ago

Job Summary Hanover Bank is looking for a full-time Residential Loan Processor II....

Senior Associate, Loan Operations

  • New York, NY (13 miles from Paramus, NJ)
  • 9 days ago
  • New York, NY (13 miles from Paramus, NJ)
  • 9 days 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...

Associate-Loan Management

  • New York, NY (13 miles from Paramus, NJ)
  • 11 days ago
  • New York, NY (13 miles from Paramus, NJ)
  • 11 days ago

NYL REI is a leading capital provider in the real estate industry and is recognized as a top-tier commercial mortgage lender staffed by a team of highly experienced real estate professionals....

Loan Processor

  • New York, NY (13 miles from Paramus, NJ)
  • 12 days ago
  • New York, NY (13 miles from Paramus, NJ)
  • 12 days ago

A Mortgage Loan Processor leverages established guidelines to ensure loan applications are thorough and accurate with supporting documentation....

Mortgage Processor I

  • New York, NY (13 miles from Paramus, NJ)
  • 12 days ago
  • New York, NY (13 miles from Paramus, NJ)
  • 12 days ago

Mortgage Processor I#25-65275 $18.00-$25.76 per hour Remote, NY All On-site Job Description OVERVIEW: Ensure new loan applications are prepared for processing or underwriting while adhering to M&T's...

Senior Associate-Loan Management

  • New York, NY (13 miles from Paramus, NJ)
  • 13 days ago
  • New York, NY (13 miles from Paramus, NJ)
  • 13 days ago

NYL REI is a leading capital provider in the real estate industry and is recognized as a top-tier commercial mortgage lender staffed by a team of highly experienced real estate professionals....

Home Equity Mortgage Loan Processor

  • Morristown, NJ (24 miles from Paramus, NJ)
  • 15 days ago
  • Morristown, NJ (24 miles from Paramus, NJ)
  • 15 days ago

The Home Equity Mortgage Loan Processor will: Key Responsibilities: + Ability to meet production, quality and service standards with emphasis on delivering exquisite customer service + Manage a large...

Loan Documentation Specialist

  • Wayne, NJ (8 miles from Paramus, NJ)
  • 17 days ago
  • Wayne, NJ (8 miles from Paramus, NJ)
  • 17 days ago

Required Experience: High School Diploma or GED and a minimum of two years' experience required in Commercial Loan Documentation, post-closing or other related Commercial Lending area....

Senior Mortgage Processor in New York City,NY,US

  • New York, NY (13 miles from Paramus, NJ)
  • 21 days ago
  • New York, NY (13 miles from Paramus, NJ)
  • 21 days ago

documentation is complete and accurately verified and complies with company policy EXPERIENCE REQUIREMENTS: Minimum of 3 years' recent mortgage processing or underwriting experience....

Senior Loan Operations Specialist

  • New York, NY (13 miles from Paramus, NJ)
  • 30+ days ago
  • New York, NY (13 miles from Paramus, NJ)
  • 30+ days ago

The Bank is a York State chartered commercial bank, a member of the Federal Reserve System and the Federal Deposit Insurance Corporation, and an equal housing lender....

Associate - Loan Solutions Group, Global Capital Markets

  • New York, NY (13 miles from Paramus, NJ)
  • 45+ days ago
  • New York, NY (13 miles from Paramus, NJ)
  • 45+ days ago

Coordinate with internal business units to source new business opportunities, manage active transaction pipeline, and drive results (including Investment Banking, Lending, Securitization, Structuring...

Associate, Loan Operations

  • New York, NY (13 miles from Paramus, NJ)
  • 45+ days ago
  • New York, NY (13 miles from Paramus, NJ)
  • 45+ days ago

About the Role: Grade Level (for internal use): 07 About the Role: The Team: The associate will be part of a dynamic team, responsible for all onboarding, data research, and processing functions...

Senior Loan Operations Specialist

  • New York City, NY (16 miles from Paramus, NJ)
  • 45+ days ago
  • New York City, NY (16 miles from Paramus, NJ)
  • 45+ days ago

The Bank is a New York State chartered commercial bank, a member of the Federal Reserve System and the Federal Deposit Insurance Corporation, and an equal housing lender....

SBA Loan Processing Specialist in Bronx,NY,US

  • Bronx, NY (11 miles from Paramus, NJ)
  • 45+ days ago
  • Bronx, NY (11 miles from Paramus, NJ)
  • 45+ days ago

Uploads SBA loan documentation to the tracking system for ongoing monitoring and management....

Demographic Data for Paramus, NJ

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


Local
National
26,698
1,864
Medium

Loan Processor Online Courses and Training Opportunities

iHireBanking curates thousands of courses in order to recommend the best ones to help further your career. If you register for a course using the links on our site, we may receive a small commission.
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: 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...
Loan Processing: Verification
The second step of loan processing is verification. After the loan application is completed, it's turned over to the loan processor. They obtain the necessary information from the applicant and...

Salary for Loan Processor Jobs in Paramus, NJ

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

Highest Education Level

Loan Processors in Paramus, NJ offer the following education background
Bachelor's Degree
35.7%
High School or GED
22.8%
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 Paramus, 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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