Loan Processor in Charlotte, North Carolina Salary

The average salary for a Loan Processor in Charlotte, North Carolina is $39,498 per year. Most people move on to other jobs if they have more than 10 years' experience in this career. A skill in Mortgage Loans is associated with high pay for this job.

$29,087 - $51,695
$29K
$40K
$52K
MEDIAN: $39,635
10%
50%
90%

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$14.30 - $22.15
$14
$18
$22
MEDIAN: $18.43
10%
50%
90%

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$0$51K
Salary $29,087 - $51,695
Bonus $7,861
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
$33,477 - $51,336
  • Country: United States
  • Currency: USD
  • Updated: 17 Jan 2018
  • Individuals Reporting: 15
Hourly Data $0$30
Hourly Rate $14.30 - $22.15
Overtime $30.83
Annual Data $0$51K
Bonus $7,861
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
$33,477 - $51,336
  • Country: United States
  • Currency: USD
  • Updated: 17 Jan 2018
  • Individuals Reporting: 12

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 agents, buyers, homebuilders, and all others who are involved with the home-buying process. In this way, mortgage loan processing can be more complicated; however, most loan processors work in the mortgage or automobile loan industry.

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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.

About Charlotte, North Carolina

Mecklenburg County, North Carolina
827,121
Male:
396,646 (48.0%)
Female:
430,475 (52.0%)
Charlotte /ˈʃɑːrlət/ is the largest city in the state of North Carolina. It is the county seat of Mecklenburg County and the second largest city in the southeastern United States, just behind Jacksonville, Florida. Charlotte is the third fastest growing major city in the United States. In 2014, the estimated population of Charlotte according to the U.S. Census Bureau was 809,958, making it the 17th largest city in the United States based on population. The Charlotte metropolitan area ranks 22nd largest in the US and had a 2014 population of 2,380,314. The Charlotte metropolitan area is part of a sixteen-county market region or combined statistical area with a 2014 U.S. Census population estimate of 2,537,990. Residents of Charlotte are referred to as "Charlotteans." It is listed as a "gamma-plus" global city by the Globalization and World Cities Research Network. Charlotte is home to the corporate headquarters of Bank of America and the east...
Charlotte:
$53,919
North Carolina:
$47,830
$978
Charlotte:
$188,800
North Carolina:
$160,100
5.2%

Loan Processor Job Listings

Key Stats for Loan Processor

Gender

Female
57 %
Male
43 %
Less than 1 year
19%
1-4 years
37%
5-9 years
33%
10-19 years
11%

Experience Affects Loan Processor Salaries

Mid-Career
▲4%

National Average
$45,000

Entry-Level
▼11%

Skills That Affect Loan Processor Salaries

Mortgage Loans
▲12%

Loan Processing
▲7%

Loan Documents
▲7%

National Average
$45,000

Gender

Female
57 %
Male
43 %

Years of Experience

Less than 1 year
19%
1-4 years
37%
5-9 years
33%
10-19 years
11%

Common Health Benefits

medical benefits
Medical: 75%
dental benefits
Dental: 65%
vision benefits
Vision: 65%
no benefits
None: 25%