Avg. Base Hourly Rate (USD)
The average hourly pay for an Assistant Loan Processor is $15.93
What is the Pay by Experience Level for Assistant Loan Processors?
An entry-level Assistant Loan Processor with less than 1 year experience can expect to earn an average total compensation (includes tips, bonus, and overtime pay) of $14.98 based on 18 salaries. An early career Assistant Loan Processor with 1-4 years of experience earns an average total compensation of $15.68 based on 22 …Read more
What Do Assistant Loan Processors Do?
A loan officer assistant works under a loan officer at a financial institution. The assistant will carry out administrative tasks for the loan officer. These tasks include filing documents, entering data about loan applications, following up with various departments about the loan process, answering phone calls, and scheduling meetings. On a periodic basis, the loan officer will be expected to gather all of the information necessary, in order to determine where a loan is in the process and …Read more
- Examine loan documents for completeness and accuracy.
- Calculate principal and interest payments due from the customer.
- Prepare and assemble all required documents for loan approval process, obtaining additional information as necessary.