The average hourly pay for a Loan Processor at Wells Fargo Home Mortgage is $20.73.
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$17 - $23
$31,742 - $46,155
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Job Description for Loan Processor
A loan processor is responsible for managing the administrative tasks associated with loans or mortgages. These tasks include data entry, loan application verification, background and credit checks, communicating with applicants, and preparing loan applications for submission to underwriters. Loan processors ensure that all required documentation and signatures are in place prior to submitting the loan for approval. Mortgage loan processors also must be able to deal with real estate and escrow a…Read more
Loan Processor Tasks
- Complete and maintain all paperwork for ongoing and new loans, including loan disclosures.
- Submit completed loans to underwriting, and ensure all items are obtained.
- Order title and escrow, review them and process loan conditions.
- Work with clients and loan originator to obtain necessary information, process it and finalize loan documents.
Popular Employer Salaries for Loan Processor
The top respondents for the job title Loan Processor are from the companies J.P. Morgan Chase & Co. (JPMCC), Guild Mortgage Company and U.S. Bank. Reported salaries are highest at Reading Co-operative Bank where the average pay is $26.99. Other companies that offer high salaries for this role include J.P. Morgan Chase & Co. (JPMCC) and Guild Mortgage Company, earning around $23.00 and $20.00, respectively. State Bank pays the lowest at around $13.17. Caliber Home Loans, Inc. and Wells Fargo Bank also pay on the lower end of the scale, paying $15.28 and $16.01, respectively.
Loan Processor Job Listings
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Popular Skills for Loan Processor
Avg. Hourly Rate
Skills in Mortgage Loans, Loan Documents and Loan Processing are correlated to pay that is above average.
Years of Experience
This data is based on 6 survey responses.