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Loan Processing Coordinator Jobs in Basking Ridge, NJ

NNN Properties, LLC

Loan Processor - (Remote)

New York, NY · Remote

$65K - $75K/yr

Third-Party Coordination: Ordering and following up on appraisals, title work, flood certifications ... Previous experience mortgage processing * Comfort working in Salesforce or a comparable CRM * ...

NNN Properties, LLC

Loan Processor - (Remote)

New York, NY · On-site +1

$65K - $75K/yr

Third-Party Coordination: Ordering and following up on appraisals, title work, flood certifications ... Previous experience mortgage processing * Comfort working in Salesforce or a comparable CRM * ...

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Loan Processing Coordinator information

See Basking Ridge, NJ salary details

$36.1K

$49.8K

$70.6K

How much do loan processing coordinator jobs pay per year?

As of Aug 23, 2026, the average yearly pay for loan processing coordinator in Basking Ridge, NJ is $49,821.00, according to ZipRecruiter salary data. Most workers in this role earn between $41,200.00 and $59,300.00 per year, depending on experience, location, and employer.

What is a loan processing coordinator?

Loan Processing Coordinators are professionals who manage the administrative aspects of loan applications, ensuring that all necessary documentation is collected, accurate, and complete. They serve as a liaison between loan applicants, lenders, and underwriters, helping to facilitate a smooth and timely loan approval process. Their responsibilities often include reviewing application forms, verifying applicant information, and tracking loan progress from submission through closing. Attention to detail and strong organizational skills are essential for this role, as coordinators help prevent delays and ensure compliance with lending regulations.

What are the key skills and qualifications needed to thrive as a loan processing coordinator, and why are they important?

A Loan Processing Coordinator needs a solid understanding of loan documentation, financial verification, and regulatory compliance, typically supported by a background in finance or banking. Familiarity with loan origination software (LOS), document management systems, and sometimes relevant certifications such as NMLS registration are commonly required. Attention to detail, strong organizational skills, and effective communication are essential soft skills in this role. These skills ensure accurate, timely processing of loan applications and smooth collaboration between clients, lenders, and underwriters.

What are some common challenges faced by loan processing coordinators, and how can they be managed effectively?

Loan Processing Coordinators often encounter challenges such as managing tight deadlines, ensuring the accuracy of complex documentation, and coordinating communication between applicants, underwriters, and loan officers. Effective organization, keen attention to detail, and strong interpersonal skills are crucial for success in this role. Utilizing loan processing software and maintaining clear checklists can help streamline tasks, while proactive communication can minimize delays and errors. Being adaptable and solution-oriented also helps in addressing unexpected issues that may arise during the loan approval process.

How much do entry level loan processing coordinators make?

Entry-level loan processing coordinators typically earn between $35,000 and $45,000 annually, depending on location and employer. Starting salaries may increase with relevant skills, certifications, and experience in loan processing software and procedures.

Is loan processing a stressful job?

Loan processing coordinators often work under tight deadlines and handle large volumes of documentation, which can contribute to job stress. The role requires attention to detail, organization, and communication skills, and stress levels can vary depending on workload and workplace environment.

What cities near Basking Ridge, NJ are hiring for Loan Processing Coordinator jobs?

Cities near Basking Ridge, NJ with the most Loan Processing Coordinator job openings:

Loan Processing Coordinator jobs near you
Infographic showing various Loan Processing Coordinator job openings in Basking Ridge, NJ as of August 2026, with employment types broken down into 1% As Needed, 79% Full Time, 14% Part Time, 1% Temporary, 4% Contract, and 1% Nights. Highlights an 93% Physical, 2% Hybrid, and 5% Remote job distribution, with an average salary of $49,821 per year, or $24 per hour.

Loan Servicing Specialist

BCB COMMUNITY BANK

Bayonne, NJ • On-site

$26 - $30/hr

Full-time

Re-posted yesterday

Job description

Description

The position of Loan Servicing Specialist is responsible for loan processing activities and maintaining professional relationships with internal and external contacts to ensure successful loan processing for our clients.


Key Responsibilities

  • Process monetary loan transaction requests, daily loan payments, and loan payoffs from general ledgers and checks.
  • Research and resolve loan related issues which may include missing payments, disputed accounts history requests and general loan related questions.
  • Liaise with tax authorities, insurance companies, and third-party vendors.
  • Manage payment of real estate taxes for escrow accounts as they become due and maintain all corresponding escrow addendums on the loan accounting system.
  • Works with insurance policies and related reports; contacting agents and working closely with loan officers and customers to ensure proper insurance is received and maintained.
  • Create daily and monthly loan reports to applicable branches or departments.
  • Process interest payments from the Bank’s interest reserve.
  • Maintain awareness of legal requirements and best practices, adhering to policies and procedures to mitigate risk.


Education and Experience

  • College degree preferred; related work experience required.
  • Minimum of 2 years in a loan servicing environment handling real estate taxes and insurance issues.
  • ​Experience in loan servicing or escrow administration in a banking environment.
  • Excellent interpersonal skills: including use of professional and clear verbal communication and writing skills.
  • Advanced planning, organizing, coordinating, and implementation skills with little or no supervision

Physical Requirements & Working Conditions

  • Professional work environment with moderate noise.
  • Ability to sit and stand to extended lengths of time
  • Ability to travel to branches, off-site training, and/or meetings as required

EOE m/f/d/v